Business Highlights

Scott Bessent is using moves from his hedge fund days to prop up Japan's yen—and America's $40 trillion national debt - Fortune

Scott Bessent was in his early thirties, working at Soros Fund Management, when the Asian financial crisis tore through currency markets in 1997 and 1998a crisis he said was triggered, in part, by an… [+6566 chars]

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Latest Business News

3 La Panadería locations in San Antonio accused of child labor, wage violations - KSAT
3 La Panadería locations in San Antonio accused of child ...

SAN ANTONIO A federal investigation revealed the operators of three La Panadería Bakery Café loca...

High beef prices hitting consumers as meatpacking giant warns of supply struggles - Fox Business
High beef prices hitting consumers as meatpacking giant w...

American consumers are continuing to face elevated beef prices amid an ongoing cattle shortage, w...

Disney Closes $1.2 Billion Deal To Sell A+E Global Media Stake To Hearst - Deadline
Disney Closes $1.2 Billion Deal To Sell A+E Global Media ...

It’s official — Hearst has announced an agreement to acquire Disney’s 50% interest in A+E Global ...

AMD's revenue climbs 50% and data center sales doubled, but the stock is down - cnbc.com
AMD's revenue climbs 50% and data center sales doubled, b...

Advanced Micro Devices reported second-quarter earnings on Tuesday that beat expectations, but th...

Elon Musk says SpaceX will build exclusively with Nvidia, touts space-based AI servers - Yahoo Finance
Elon Musk says SpaceX will build exclusively with Nvidia,...

SpaceX (SPCX) is all-in on Nvidia (NVDA).  CEO Elon Musk told investors during the company's...

McDonald's says US sales slowed after value deal push fell short - Fox Business
McDonald's says US sales slowed after value deal push fel...

McDonald's sales growth came in slower than expected when the company released its second qu...

Business Analysis

SpaceX’s revenue rises as its once-soaring stock price drifts back to Earth - NPR
SpaceX’s revenue rises as its once-soaring stock price drifts back to Earth - NPR

In its first quarterly report since offering shares to the public, Elon Musk's SpaceX announced soaring revenues and shrinking losses but still not a profit. On Tuesday the aerospace and artif...

Analysis by John Ruwitch

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Multiple passengers receive medical care after 22 flights diverted from Denver - The Hill
Multiple passengers receive medical care after 22 flights diverted from Denver - The Hill

Skip to content by Ashley Eberhardt, Sarah Ferguson and Addy Bink - 08/04/26 1:46 PM ET by Ashley Eberhardt, Sarah Ferguson and Addy Bink - 08/04/26 1:46 PM ET (KXRM) – Multiple people required me…...

Analysis by Ashley Eberhardt, Sarah Ferguson, Addy Bink

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OpenAI and Anthropic's models hacked into real-world systems. Human error was behind it. - axios.com
OpenAI and Anthropic's models hacked into real-world systems. Human error was behind it. - axios.com

Case in point: Anthropic disclosed last week that three of its models hacked real-world systems during routine security testing after a "misunderstanding" with its third-party evaluator l...

Analysis by Sam Sabin

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Paramount “Fully Expects” WBD Merger To Close As It Reports Q2 Streaming Gains, Linear Challenges - Deadline
Paramount “Fully Expects” WBD Merger To Close As It Reports Q2 Streaming Gains, Linear Challenges - Deadline

Almost one year exactly from Skydance’s acquisition of Paramount, the merged company reported mixed numbers for the June quarter with strong streaming, tough theatrical comps and an ongoing drop in...

Analysis by Jill Goldsmith, Dade Hayes

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Lucid begins 'operational reset' as CEO says EV maker will delay midsize vehicle - CNBC
Lucid begins 'operational reset' as CEO says EV maker will delay midsize vehicle - CNBC

Lucid Group missed Wall Street's second-quarter expectations as the electric vehicle manufacturer conducts an "operational reset" amid leadership changes and cost-cutting efforts. Th...

Analysis by Michael Wayland

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