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The Latest Breaking News on Business

Google is buying up bankrupt Spirit Airlines’ data to feed its AI

Tech giant has assured former airline employees and customers that the data will be scrubbed of identifying information

The Independent UK · Aug 19

Estee Lauder bets on fragrances and skincare to deliver strong annual profit

Estee Lauder projects robust annual profits that are set to surpass Wall Street's expectations. The company's growth is heavily fueled by luxury fragrances, including popular lines such as Tom Ford and Le Labo. Estee Lauder anticipates an ongoing demand surge from young, affluent consumers while strategically broadening its brand presence…

The Economic Times · Aug 19

Amazon set to expand drone delivery of lightweight packages to 500 US cities

Amazon's plan would expand its drone delivery operation more than sixfold nationwide into hundreds of new communities, including the Chicago, Atlanta, Cleveland and Boise metro areas. The drones will primarily fly in the suburbs well away from skyscrapers and major airports that could cause problems.

The Economic Times · Aug 19

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DOT Proposes Using Highway and Rail Corridors for Power Lines, Pipelines and Broadband

The U.S. Department of Transportation (DOT) has issued an official Request for Information (RFI) seeking public and stakeholder input on a new initiative called America’s Great Corridors of Commerce (AGCC), which would allow electric transmission lines, pipelines, fiber optic cables, and broadband infrastructure to be built alongside existing highway and…

Clever Dude · Aug 19

Target Says It’s ‘Pouring Gas’ on What’s Working As Retail Turnaround Takes Hold

Target Corp. (NYSE:TGT) stock hit a new 52-week high Wednesday after the retailer reported second-quarter 2026 results that beat Wall Street estimates and raised its full-year outlook.

Benzinga · Aug 19

Aetna Will Not Pay Brokers on 123 Medicare Advantage Plans in 33 States for Next Year

Aetna told marketing organizations it will not pay commissions on 123 Medicare Advantage plans in 33 states for the 2027 plan year.

Medical Daily · Aug 19

Is your 401(k) at risk if you’re in debt? Here’s what you need to know to protect your retirement savings

Some 64 percent of debt collection agencies saw their number of consumer accounts increase or significantly increase in 2025

The Independent UK · Aug 19

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Tesla's Cybercab Launch Could Reshape Margins for Uber and Lyft

Tesla's planned August Cybercab launch in Austin could pressure ride-hailing economics, with analysts weighing exposure at Uber, Lyft and Tesla amid shifting margin and valuation risks.

MarketBeat · Aug 19

Treasury Just Doubled Its Bond Buybacks: What That Can and Can't Fix

The U.S. Treasury is stepping into one of the most fragile corners of the bond market just as long-term yields approach levels last seen nearly two decades ago.

Benzinga · Aug 19

Should You Count Your Home in Your Retirement Net Worth?

Your home absolutely counts toward your net worth, but counting it toward your retirement nest egg requires a little more finesse. A mortgage-free house can represent a huge chunk of wealth, yet a roof over your head cannot exactly wander into the grocery store and pay for a cart of…

The Free Financial Advisor · Aug 19

Your Home’s Value Went Up – Here Are 7 Ways That Can Actually Cost You More Money

A rising home value sounds like pure good news, until the bills start arriving. A more valuable house can mean higher property taxes, larger insurance costs, pricier maintenance, and even a bigger financial headache when it comes time to sell.

Everybody Loves Your Money · Aug 19

Your Financial Advisor Recommends an Annuity: 8 Questions to Ask Before Buying

An annuity can turn part of a retirement portfolio into a stream of income, but the sales pitch rarely tells the whole story. Before signing a contract, ask eight questions that reveal what the annuity costs, what it guarantees, how easily you can access your money, and whether the recommendation…

The Free Financial Advisor · Aug 19

Amid Legal Risks, This Company Is Still Rated a Buy

PACS Group shares have rebounded after a Medicare billing scandal, with strong Q2 earnings and Buy ratings, though DOJ and SEC investigations and shareholder lawsuits remain unresolved.

MarketBeat · Aug 19

Will AI give you the job? Automated hiring tools spark discrimination and secrecy lawsuits

A rise in lawsuits over AI use in employment decisions is raising questions about how companies hire and fire

The Guardian - US · Aug 19

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Benzinga · Aug 19

The Iran War Sent Gas Prices Skyrocketing, but the US Now Faces a Diesel Problem

Diesel refining margins have surged to unprecedented levels as the Iran war tightens global fuel supplies, raising concerns that elevated diesel costs could ripple through trucking, agriculture and the broader U.S. economy.

The Economic Times · Aug 19

Why rising Treasury yields are becoming a growing risk for the US economy

A sell-off in U.S. Treasuries has pushed yields higher, raising borrowing costs for households, companies and the federal government. Higher yields could pressure mortgages, corporate investment, asset valuations and government debt servicing. Investors are watching inflation, energy risks, Federal Reserve policy, Treasury supply and foreign demand for signs of prolonged…

The Independent UK · Aug 19

Amazon’s drone delivery set for massive expansion across 500 US cities

Millions more people may be able to get smaller, lightweight Amazon packages delivered by drones by the end of the year under a plan the company announced Thursday to expand the airborne shipping to suburban areas in nearly 500 U.S. cities

The Guardian - US · Aug 18

OpenAI announces slowing pace of development after hack by rogue agent

Amid race with Anthropic, firm plans to overhaul research and training and require more safety parameters after hack

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Fortune · Aug 18

Financial adulthood has moved to the 30s: 'the decade when people come to terms with where they are in life'

Older millennials bear the scars of 2008. Younger ones face an equally unforgiving—but differently broken—economy.

The Economic Times · Aug 19

The Intel wager: Billionaire Masayoshi Son puts 67% of SoftBank’s US portfolio behind an AI revival

SoftBank has heavily invested in Intel, directing sixty-seven percent of its portfolio. This substantial stake reflects Masayoshi Son's confidence in Intel's artificial intelligence turnaround. Intel reported strong revenue growth and exceeded financial expectations for several quarters. The company recently raised twenty billion dollars to support its capital expenditure plans. Despite…

The Economic Times · Aug 19

McDonald’s nears elite dividend king status as next hike looms

McDonald’s is one dividend increase away from becoming a Dividend King after 49 consecutive years of dividend growth. Its franchise-driven model, global reach and consistent cash generation support shareholder returns. While the milestone strengthens its appeal to income investors, future performance will depend on earnings growth, valuation, consumer demand and…

Euronews · Aug 19

Trump says last minute deal reached with Canada to delay 50% US tariffs on imports from Ottawa

The two allies traded goods and services worth close to $1 trillion despite their strained relations last year, as US President Donald Trump continues his relentless push to enforce tariffs and levies on his northern neighbours.

The Economic Times · Aug 19

High Treasury yields put US fiscal outlook under spotlight

Persistently high US Treasury auction yields are raising the cost of refinancing government debt and funding future deficits as investors demand greater compensation to absorb rising borrowing needs. Recent 10-year and 30-year auctions saw yields hit multi-year highs, though resilient demand suggests there is no broad buyer strike. The key…

The Economic Times · Aug 19

US housing market weakens as AI boom drives factory output

US housing activity weakened sharply in July, with single-family homebuilding hitting a more than three-and-a-half-year low as high mortgage rates and economic uncertainty weighed on demand. In contrast, factory output rose, supported by strong AI-related investment and demand for high-tech equipment and semiconductor production.

Barchart · Aug 18

Soybeans Slips off Highs into Tuesday’s Close

Soybeans fell from the intraday highs on Tuesday, with contracts closing fractionally to 6 cents higher, as September was down ¼ cent. The cmdtyView national average Cash Bean price was up 1 cent at $11.76. Soymeal futures held firm into the close, with contracts up a dime to $3, as...

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