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The Latest Breaking News on Business

Costco, Walmart and Target to Receive Millions as Feds Rush Out $166B 'Illegal' Tariff Refunds

US retailers are set to recover billions in tariff refunds after a court ruling invalidated Trump's emergency powers. The refund programme, one of the largest in history, is underway.

International Business Times UK

Hershey Stock May Be Near a Sweet Spot as Cocoa Pressure Eases

Hershey posted Q1 2026 net sales of $3.1 billion and adjusted EPS of $2.35, as pricing power offset cocoa costs and analysts set a $217.50 average price target.

MarketBeat

Mortgage refinance rates today: Check current mortgage interest rates for 30-year, 20-year, 15-year, 10-year

Mortgage interest rates today: It averaged 6.49 per cent last week. Spending on multi-family housing units, which account for a small share of the housing market, dipped 0.1 per cent in May.

The Economic Times

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Mortgage Rates Are High. Homebuyers Are Ditching Adjustable-Rate Options Anyway.

Mortgage demand remained largely unchanged last week as borrowing costs continued to move within a narrow range. At the same time, prospective homebuyers showed less interest in adjustable-rate mortgages, signaling a preference for stability despite elevated interest rates.

International Business Times

Trump Tariff Fears Spark Early Holiday Shipping Rush From China As Retailers Scramble For Inventory: Report

In a bid to secure inventories for the upcoming holiday season, U.S. retailers are expediting their orders from China. This move comes in light of the potential tariff hikes expected later this year, as per shipping executives.

Benzinga

Nike CEO Elliott Hill Delivers Q4 Reality Check: 'Nothing Normal' as Turnaround Drags On

Nike Inc. (NYSE:NKE) faced a stark financial reality check during its fourth-quarter fiscal 2026 earnings call, as flat revenue and an embattled lifestyle division prompted CEO Elliott Hill to declare that there has been “nothing normal” about the retail landscape while the brand’s multi-year corporate turnaround drags on.

Benzinga

Mortgage Demand Barely Budges As Homebuyers Turn Away From Riskier Adjustable-Rate Loans Amid Affordability Crunch

U.S. mortgage demand was largely unchanged last week as borrowers pulled back from adjustable-rate mortgages, or ARMs, while elevated housing costs continued to weigh on buying activity, according to weekly data released Wednesday by the Mortgage Bankers Association.

Benzinga

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Energy Secretary Chris Wright Says Data Center Fears Are 'Overblown'

U.S. Energy Secretary Chris Wright pushed back against growing criticism of data center expansion, calling environmental and job-loss concerns “overblown.”

Benzinga

US Job Openings Hit Two-Year High, but Americans Are Finding It Harder to Get Hired

Employers posted 7.594 million job openings at the end of May, up slightly from April and well above economists' expectations of 7.3 million.

International Business Times

Microsoft Plans Another Round Of Layoffs Just Months After Axing Thousands Of Jobs

Microsoft is reportedly planning another round of layoffs, affecting less than 2.5% of its workforce, as it continues to invest heavily in artificial intelligence infrastructure.

International Business Times UK

Apple and Micron Blame Each Other for Price Hikes and Memory Shortage

Apple and Micron are at odds over rising memory prices, with Apple blaming suppliers and Micron pointing to aggressive buying tactics that killed margins during the 2023 price collapse.

International Business Times UK

Corporate Profits Are Soaring. At The Same Time, Workers Hit Their Lowest Share of National Income Ever Recorded.

A report from the Federal Reserve Bank of New York found that U.S. workers received just 54.1% of national income in early 2026, the lowest level recorded since the data series began in 1947.

International Business Times

$Defence startups raid auto and fracking sectors for parts to speed weapons output$

Defence startups raid auto and fracking sectors for parts to speed weapons output

Soaring demand for rocket motors used to power missiles and other weapons has spurred new thinking about supply chains. Seeking big returns, Silicon Valley-style startups are now taking on defense companies that have long dominated the industry, pulled into the competition by a need for production speed, high volume and…

The Economic Times

Doubt that Elon Musk ‘earned’ his trillion? Rightwing media says you’re in an ‘impotent envy cult’

The lovefest from Musk’s conservative fans completely overlooks the unscrupulous tactics behind his immense wealth

The Guardian - US

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Fortune

Current price of oil as of June 30, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

The Economic Times

SoftBank completes second $10 billion tranche of its $30 billion OpenAI investment

SoftBank has injected another $10 billion into OpenAI, part of a larger $30 billion commitment. This significant investment, funded by a bridge loan, underscores OpenAI's importance to SoftBank's portfolio, contributing to a substantial profit increase. However, the news comes as the New York Times reported delays in OpenAI's IPO, impacting…

The Guardian - UK

Anthropic says US has lifted export controls on Fable and Mythos AI models after security fears

AI company was forced last month to suspend access to its Fable 5 and Mythos 5 models for all foreign nationals

MyLifeXP

WhatsApp's New Username Feature Changes Everything

Have you ever wanted to chat with someone on WhatsApp without revealing your personal phone number? Whether it's joining a community, talking to a seller, or connecting with someone new, sharing your number has always been unavoidable. That may soon change. WhatsApp is preparing one of its biggest privacy upgrades…

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Bangkok Post

Trump earned over $1 billion from crypto ventures in 2025

NEW YORK - US President Donald Trump recorded around $1.2 billion in income from his family's cryptocurrency activities during his first year back in office, according to financial disclosures released on Tuesday.

Barchart

Micron and Other Memory Makers Are Being Sued Over Price Fixing Claims. This Is Nothing More Than Headline Risk for MU Stock.

Micron Technology, along with Samsung and SK Hynix, faces a class-action lawsuit alleging collusion to fix DRAM prices by restricting production of older chips while focusing on high-bandwidth memory for AI.

Barchart

A Small-Cap Utility Stock Just Signed 1 of the Biggest AI Power Deals You Haven’t Heard Of

Applied Digital must draw a massive amount of electricity from the grid to support its new data centers, and this under-the-radar company is one of the top beneficiaries.

Barchart

The Yen Carry Trade Could Spark Fireworks for US Markets This July 4. Here’s What Traders Need to Know.

Forex dynamics and policy intervention could prompt an unwinding of the yen carry trade just as US market volume thins out.

The Economic Times

Yen sinks to four-decade low as dollar gets yields boost

The dollar surged to a 40-year high against the yen, fueled by rising U.S. Treasury yields and anticipation of a Federal Reserve rate hike. Traders are closely watching upcoming U.S. jobs data, with expectations of further Fed tightening increasing significantly. Japanese authorities are considering intervention to support the yen, especially…

International Business Times

Many Analysts Expected AI To Replace Workers. New Company Data Tells A Different Story.

Businesses making the largest investments in artificial intelligence expanded their workforces faster than comparable companies after adopting the technology, according to new research.

Barchart

AT&T Earnings Preview: What to Expect

AT&T is set to release its second-quarter results next month, with analysts predicting a single-digit rise in the company's earnings.

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