The Latest Breaking News on Business

Ship pays $4 million to skip line to cross Panama Canal

While typical transits through the waterway are paid by a flat rate via reservations, the Panama Canal Authority also offers customers an auction process in order to bypass the regular queue.

The Economic Times · Aug 13

Oracle plans more layoffs weeks after spending most of its $2.1 billion restructuring budget, report claims — some teams face double-digit percentage reductions, 21,000 full-time positions already eliminated

Oracle plans to cut more jobs this month, with reductions on some teams reaching double-digit percentages.

Tom’s Hardware · Aug 12

US refiners ramp up buybacks as Iran war boosts fuel margins

US refiners Marathon Petroleum, Phillips 66 and Valero Energy reported combined second-quarter profits of $12.6 billion, benefiting from supply disruptions and higher refining margins. The trio returned $6.3 billion to shareholders through buybacks and dividends, more than double last year. Refining stocks also rallied sharply, while strong margins supported expectations…

The Economic Times · Aug 13

Gold advances as mild US inflation data puts Fed rate hike in doubt

Gold prices have soared to a two-month peak as consumer inflation in the U.S. showed signs of cooling. This easing in inflation has reduced the likelihood of an immediate interest rate hike by the Federal Reserve. Financial markets are now looking forward to the upcoming producer price data to validate…

The Economic Times · Aug 13

Dollar General Stock: Analyst Estimates & Ratings

Though Dollar General has lagged behind the SPX over the past year, Wall Street analysts maintain a moderately optimistic outlook on the stock’s prospects.

Barchart · Aug 12

How ‘Phantom’ Data Center Projects Are Making It Impossible to Forecast AI Power Demand — ‘Grid Operators Don’t Know Which Ones Are Real’

Electricity bills are rising, but how much of the AI-fueled demand surge for power is real? As it turns out, we don't really know.

Barchart · Aug 12

Do Wall Street Analysts Like CBRE Group Stock?

While CBRE Group has underperformed relative to the broader market over the past year, Wall Street analysts remain bullish about the stock’s prospects.

Barchart · Aug 12

A Major Telehealth Company Will Sell Longevity Peptides That Clinical Evidence Has Not Yet Backed

Hims and Hers plans to sell sermorelin, glutathione, and NAD+ before year-end. Here is what evidence exists for the uses driving demand.

Medical Daily · Aug 12

A California Court Just Upheld Higher Insurance Rates for Single Drivers. Could Other States Follow?

The decision keeps marital status as a legal pricing factor in California, raising questions about how insurers set rates nationwide.

Kiplinger · Aug 12

Uber Sells Serve Robotics Stake, Catches Company Off Guard: ‘Differing Views’ Sour Partnership

Serve Robotics (NASDAQ:SERV) investors were already nursing loss after disappointing quarterly financial results. Another blow came days later when long0time Uber Technologies (NYSE:UBER) dumped its entire stake in the autonomous delivery robot company.

Benzinga · Aug 12