The Latest Breaking News on Business

What Could Cause Mortgage Delinquency Problems For New Homeowners?

Buying a home can turn a monthly housing payment into a much bigger financial puzzle than many new homeowners expect. Mortgage delinquency can start with something as obvious as losing a job, but it can also grow from less dramatic problems such as an insurance increase, a property tax adjustment,…

Everybody Loves Your Money · Sep 2

Iranian rial in freefall as dollar breaks 2.1 million mark

The rial has lost 63% of its value against the dollar since March, with the euro hitting 2.55 million rials and gold coins changing hands at 2.26 billion. Iran's central bank governor pledged a $2 billion injection while acknowledging inflation had placed "heavy pressure on people's livelihoods."

Euronews · Sep 2

Uber to cut 3,300 jobs in company overhaul to reduce management layers

Chief Executive Officer Dara Khosrowshahi announced the changes in an email obtained by Bloomberg News, saying that Uber’s growth in recent years has created “more layers, more coordination, more fragmented ownership, and in some cases structures that made sense when businesses were smaller but no longer serve us well at…

The Economic Times · Sep 2

Warren Buffett once called bonds a terrible investment but later massively invested in them. Here's why

Warren Buffett has long warned against long-term bonds, calling them a poor investment for investors with extended horizons. Yet Berkshire Hathaway has amassed a huge short-term Treasury position, highlighting the distinction between long-duration bonds and cash-like instruments. As global yields surge, Buffett’s bond strategy offers a timely lesson for investors.

The Economic Times · Sep 2

Dell again lifts annual forecasts as AI demand powers record results

Dell raised its annual revenue outlook to $192 billion from $167 billion and adjusted earnings per share forecast to $25.50 from its earlier expectations of $17.90. The company, whose shares have more than tripled this year, now expects fiscal 2027 revenue for AI-optimized servers to be $74 ‌billion, up from…

The Economic Times · Sep 2

Chevron unveils $7 billion Venezuela deal as US claims a fifth of the country's oil

Chevron announced a $7 billion expansion deal for its Venezuelan operations on Wednesday, hours after the country's parliament approved handing Washington control over a fifth of its oil reserves.

Euronews · Sep 2

US Army taps 5 firms for $2 billion Project Janus — BWXT and Westinghouse to build 20 nuclear microreactors at 5 bases by 2028

The U.S. Army awarded five firms $2.2 billion to build nuclear microreactors at five bases, aiming to achieve energy independence by 2028.

TechRadar · Sep 1

Dollar Firms on Rising T-Note Yields and Crude Prices

The dollar index (DXY00 ) rose by +0.27% on Tuesday. Soaring T-note yields on Tuesday strengthened the dollar’s interest rate differentials and pushed the dollar higher. Also, Tuesday’s +5% surge in WTI crude oil to a 6-week high raised inflation expectations, which could potentially persuade the Fed to raise interest...

Barchart · Sep 1

Crude Prices Surge on Escalation of US-Iran Hostilities

October WTI crude oil (CLV26 ) closed up +4.46 (+5.20%) on Tuesday, and October RBOB gasoline (RBV26 ) closed up +0.0581 (+1.89%). Crude oil and gasoline prices surged on Tuesday, with crude oil posting a 6-week high. Crude prices rallied sharply on escalation of hostilities between the US and Iran,...

Barchart · Sep 1

More Than 10,000 Cases of Tofu Recalled Across 29 States Over Possible Chemical Contamination From Ink

Hodo, Inc. recalls over 10,000 cases of its Chili Crisp Lightly Fried Tofu due to ink contamination concerns, affecting distribution across 29 states. No illnesses reported, but consumers advised to discard affected products.

International Business Times UK · Sep 1