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The Latest Breaking News on Business

Disney Layoffs Hit Pixar Despite 'Toy Story 5' Success as Hundreds Lose Jobs in Latest Restructuring

The Walt Disney Company is undergoing another restructuring phase, resulting in significant job cuts across its divisions, with Pixar and ESPN being the most affected. This marks the third round of layoffs this year.

International Business Times UK

This High-Yield Bank Stock Just Raised Its Dividend by 11%

Wells Fargo announced plans to raise its dividend by 11% to $0.50 per share from $0.45 after the Federal Reserve’s stress test showed its CET1 ratio remaining well above requirements.

Barchart

Legally or not, US government is controlling global access to world's most powerful AI

The US Commerce Department ordered Anthropic to block foreign nationals from advanced AI models. This action disabled Anthropic's models, citing national security concerns and impacting users globally. Restrictions were lifted after Anthropic enhanced safety guardrails, which reduced model intelligence and performance. The incident questions the government's role as an AI…

The Economic Times

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AI investment boom puts Big Tech's free cash flow under pressure

Big tech firms are investing heavily in artificial intelligence infrastructure. Their capital expenditures may soon exceed free cash flow generation. Microsoft and Amazon show early AI revenue growth signs. However, investors worry about sustained spending and cash depletion. Oracle's shares have fallen significantly amid negative free cash flow.

The Economic Times

GameStop Just Raised Its Stake in eBay to 10% After the Board Rejected Its Takeover Bid. Ryan Cohen Is Preparing for a Bigger Fight.

GameStop raised its stake in eBay to nearly 10% (about 43.4 million shares) after eBay’s board rejected its roughly $55.5 billion takeover offer of $125 per share as “neither credible nor attractive.”

Barchart

Nintendo Pushes to Dismiss Lawsuit on Tariff Refunds, Says Customers Got What They Paid For

Nintendo wants to dismiss the class-action lawsuit against them on tariff refunds filed by affected customers.

Player One

Intel Stock Just Got a Stunning Price Target Hike Ahead of Earnings. How to Play INTC From Here.

Susquehanna raised its target on INTC stock ahead of July 23 earnings, citing stronger server demand even as Wall Street remains divided on Intel.

Barchart

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Taylor Farms spent millions backing MAGA before diarrhea outbreak. Now they’re arguing over test results

The company claims the FDA has apologized for a false positive test linking it to the diarrhea outbreak, which the FDA denies

The Independent UK

Google reportedly developing 'Frozen v2' chip with Gemini's architecture etched into the silicon — engineers project 6 to 10 times more tokens per watt than latest TPUs

Google is developing a server chip, informally dubbed "Frozen v2," that would etch part of its Gemini model's architecture directly into the silicon.

Tom’s Hardware

New Study Reveals How Much Tax You'll Pay Over Your Lifetime

It's no secret that many people feel squeezed by taxes. A new analysis shows just how much various levies add up and which state has the highest tax burden over time.

Kiplinger

Deloitte's Medicaid Systems Are Wrongly Denying Disabled Americans Benefits in at Least 25 States, KFF Investigation Finds

A KFF Health News investigation found Deloitte's Medicaid eligibility software is wrongly denying disabled Americans benefits in at least 25 states. New laws may worsen the problem.

Medical Daily

Sempra's Quarterly Earnings Preview: What You Need to Know

Sempra is expected to announce its second-quarter earnings soon, and Wall Street forecasts a double-digit increase in its bottom line.

Barchart

Mark Cuban Says If You Want to Fix Healthcare, ‘Remove Insurance Companies From the Equation’ — Make It Cash Only and Cut Costs 40%

Mark Cuban says healthcare costs could fall about 40% by replacing insurance with cash payments, increasing transparency, and reducing fraud, overbilling, and upcoding.

Barchart

Here's What to Expect From Targa Resources' Next Earnings Report

Targa Resources is scheduled to report its second-quarter results soon, and analysts expect a single-digit earnings decline.

Barchart

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Benzinga

Chaos at Twenty One Capital: CEO Quits, Major Bitcoin Merger Dies, Stock Tanks

Twenty One Capital Inc. (NYSE:XXI) stock plunged nearly 10% Tuesday following a major leadership shakeup and the collapse of a proposed three-way merger designed to build a unified Bitcoin platform.

The Independent UK

Ford worker fired over a $1.95 packet of cookies is eyeing lawsuit against carmaker

The electrician claims he was not allowed to prove his innocence before being terminated

The Times of India

James Patten sentenced to 21 months in prison over $100 million New Jersey deli stock fraud

James Patten, the former stockbroker behind the infamous stock manipulation scheme that turned a small, money-losing New Jersey deli into a company valued at nearly $100 million, has been sentenced to 21 months in federal prison. Patten, 67, was sentenced on Tuesday by U.S. District Judge Christine O'Hearn in Camden,…

Barchart

AMD Is Expected to Unveil New AI Customers. One Detail Matters Most for AMD Stock.

AMD's upcoming AI event could reveal whether the company can attract major AI customers on the strength of its chips rather than equity incentives.

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International Business Times

Novo Nordisk Says Eli Lilly Used Misleading Weight Loss Drug Advertising. It's Suing

The lawsuit, filed Tuesday, alleges that Eli Lilly violated federal and state false advertising laws by promoting "knowingly outdated clinical trial" results that compare both companies' drugs.

Barchart

Warner Bros. Discovery's Q2 2026 Earnings: What to Expect

Warner Bros. Discovery will release its second-quarter earnings soon, and analysts anticipate a triple-digit profit dip.

InsideEVs

Tesla Is Actually Doing Pretty Well In California Again

After a rough 2025, Tesla sales are rebounding in America's biggest market for EVs. We'll see if Tesla can keep its momentum up.

Barchart

Gilead Sciences' Quarterly Earnings Preview: What You Need to Know

Gilead Sciences will release its second-quarter earnings soon, and analysts anticipate a triple-digit profit dip.

Barchart

What to Expect From Alliant Energy's Next Quarterly Earnings Report

Alliant Energy is expected to announce its second-quarter earnings in August, and Wall Street forecasts a low single-digit rise in its bottom line.

The Economic Times

Aircraft startup Electra to invest $850 million to build Ohio factory

The company, backed by Honeywell Aerospace, Safran and other major investors, said the move will help get the EL9 Ultra Short from development into significant commercial production and create 1,975 jobs.

Barchart

Aflac Earnings Preview: What to Expect

Aflac is set to report Q2 earnings, and Wall Street expects its earnings to fall marginally.

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