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The Latest Breaking News on Business

Walmart strong again in second quarter, but its outlook is reserved

Walmart reported another strong performance in the second quarter Thursday, but that was overshadowed by a more cautious outlook for the year

The Independent UK · Aug 20

Treasury Doubles Bond Buybacks to $4 Billion — Market Strategist Slams Scott Bessent, Says It’s ‘Debt Reshuffling, Not Debt Reduction’ as Yields Surge

The U.S. Treasury doubled its debt buybacks to support the bond market as long-term yields rose, but investment firm Creative Planning‘s Chief Market Strategist Charlie Bilello said the move did not reduce the nation’s overall debt.

Benzinga · Aug 20

Unionized Delivery Drivers Vs. Deliveries

Across the country, the Teamsters union is at war with companies trying to ship more things to your door for less money.

Reason · Aug 19

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Epstein client Leon Black threatened with contempt by House panel chair

Republican James Comer writes to private equity investor demanding full cooperation with investigation

The Guardian - US · Aug 19

How a DIY Adobe Illustrator design landed Rebel Creamery in a $23.8 million fight with Van Leeuwen

Rebel has filed for Chapter 11 bankruptcy, but will continue to sell in grocery stores amid a court-ordered rebrand.

Fortune · Aug 19

Are Wall Street Analysts Bullish on Textron Stock?

Textron stock has underperformed the broader market over the past year, while analysts remain moderately bullish about its prospects.

Barchart · Aug 20

Founder of Chinese real estate giant Evergrande Xu Jiayin sentenced to life

The founder of China Evergrande Group, the world's most-indebted property developer, was sentenced to life in prison by a Chinese court on Thursday, five years after the firm's collapse shook the nation's economy and financial markets.

France 24 · Aug 20

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Mark Zuckerberg encouraged growth over child safety, ex-Meta executive testifies at trial

Arturo Bejar, a vocal critic of Meta's safety record, made the allegation during his second day of testimony in a landmark trial over claims brought by a coalition of states that could reshape Facebook and Instagram, some of the most popular apps on the planet.

The Economic Times · Aug 20

Trump Could Reportedly Cut Canadian Auto Tariffs to 15%, Aluminum and Steel to 25%: NUE, STLD, CENX in Focus (UPDATED)

Editor’s Note: The story has been refreshed with the latest market price action and a revised headline.

Benzinga · Aug 20

'There is no reliable, economical one-size-fits-all model on the horizon': Experts claim AI costs will grow fivefold by 2028, as demand continues to soar

Experts have determined some uncomfortable truths about token economics, where falling token prices are pushing the development of complex agentic workflows, outweighing the savings

TechRadar · Aug 19

Prescription Drug Prices Fell 3.1 Percent Over the Year, but That Number Measures Less Than You Think

Prescription drug prices posted their steepest annual drop since 1963. Here is what the index actually measures and what it leaves out.

Medical Daily · Aug 20

Gold hovers near early-June high on lower bond yields

Gold prices soared close to a two-month peak on Thursday after the U.S. Treasury announced bolstered liquidity measures. With yields falling and the dollar weakening, gold became increasingly attractive to investors. This move comes in light of persistent inflation fears and looming interest rate hikes, highlighting gold's reputation as a…

The Economic Times · Aug 20

Dollar hugs three-month lows as Treasury seeks to sooth the bond market

On Thursday, the U.S. dollar faced notable declines, approaching its lowest point in three months. In a bid to stabilize the bond market, U.S. Treasury disclosed plans to double its buyback operations. Meanwhile, long-end Treasury yields fell from a nineteen-year peak. Meeting minutes from the Federal Reserve underscored concerns about…

The Economic Times · Aug 20

AI bias isn’t just an error in the algorithm. It’s a chain of human decisions

In the United States, leading HR software company Workday is currently facing a lawsuit over its use of job screening tools powered by AI which allegedly discriminated against applicants based on factors such as age, disability and race.

The Conversation · Aug 20

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Barchart · Aug 19

Morgan Stanley Just Upgraded Honeywell Aerospace Stock. Here's Why.

Honeywell Aerospace stock rallies on a bullish Morgan Stanley research note. Here’s why analyst Kristine Liwag recommends buying HONA shares at current levels.

The Independent UK · Aug 19

Trump says US and Canada have a trade deal, but key terms remain unclear

Canada has dodged President Donald Trump’s threat of 50% tariffs — at least for now

International Business Times · Aug 19

Trump Backs Off 50% Canada Tariffs for Three Days. A Bigger Trade Deal Could Be Coming.

The planned 50% tariffs were to target Canadian products including wine, hockey sticks and other imports.

Medical Daily · Aug 19

Universal Health Services Closed Its 835 Million Dollar Talkspace Deal, Linking Virtual Therapy to Inpatient Beds

UHS completed its $835 million acquisition of Talkspace, connecting a 6,000-therapist virtual network to more than 380 inpatient behavioral health facilities.

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Barchart · Aug 19

Republic Services Stock Outlook: Is Wall Street Bullish or Bearish?

Republic Services has underperformed the broader market over the past year, and analysts remain somewhat bullish about the stock’s prospects.

International Business Times UK · Aug 19

Flight Attendants' Union Objects to Google's Purchase of Spirit Airlines' Employee Data Over Privacy Concerns

A flight attendants' union objects to Google's $10m purchase of Spirit Airlines' internal data, citing inadequate privacy protections for former employees' records, and seeks court intervention.

Barchart · Aug 19

Are Wall Street Analysts Bullish on Leidos Holdings Stock?

Leidos Holdings has notably underperformed the broader market over the past year, but analysts are moderately optimistic about the stock’s prospects.

Medical Daily · Aug 19

One Recalled Jalapeño Supply Has Pulled Guacamole, Burritos and Deli Salads from More Than a Dozen Grocery Chains

A single recalled jalapeño supply has triggered recalls at Whole Foods, Target, Walmart, and more. Here is how ingredient recalls cascade.

Barchart · Aug 19

Is Wall Street Bullish or Bearish on CoStar Group Stock?

CoStar Group has underperformed the broader market over the past year, and analysts remain somewhat bullish about the stock’s prospects.

Barchart · Aug 19

Church & Dwight Stock Outlook: Is Wall Street Bullish or Bearish?

While Church & Dwight has outperformed the SPX on a YTD basis, Wall Street analysts maintain a cautiously optimistic outlook on the stock’s prospects

Barchart · Aug 19

Are Wall Street Analysts Predicting Hartford Insurance Group Stock Will Climb or Sink?

Despite lagging the broader market over the past year, Hartford Insurance Group continues to draw a moderately optimistic outlook from Wall Street analysts regarding its future prospects.

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