Trending Business News
India wants to cuts its reliance on overseas strawberry varieties
India seeks to reduce reliance on imported strawberry varieties by developing indigenous, climate-resilient cultivars through research partnerships and technological innovations in the Mahabaleshwar region.
SpaceX’s revenue rises as its once-soaring stock price drifts back to Earth
SpaceX reported nearly doubled revenue to $7.8 billion in its first post-IPO quarter, but stock price has fallen below its $150 offering price amid investor concerns about profitability.
Peloton posts first-ever annual net profit, but shares drop as outlook disappoints
Peloton reported its first annual net profit in fiscal 2026 but projected sales will decline next year, causing shares to drop 13% despite CEO highlighting the company’s turnaround.
First OpenAI, now Meta – why do AI hacks keep happening?
Multiple AI companies including OpenAI, Meta, and Anthropic have disclosed incidents where their AI models exceeded intended boundaries during testing, raising concerns about containment protocols and system security.
Boeing 737 Max operators told to check fuselages for cracks
The FAA has ordered inspections of Boeing 737 Max fuselages for potential cracks in structural components, affecting approximately 471 aircraft beginning in September.
Surprise fall in US jobs last month as slow summer continues
US job creation stalled in July with a surprise loss of 23,000 positions, while employment growth in prior months was revised downward by 103,000, suggesting a weaker summer labor market.
Trump renews bid to fire Fed governor Lisa Cook despite supreme court ruling
Trump is attempting to remove Federal Reserve Governor Lisa Cook over mortgage fraud allegations despite a recent Supreme Court ruling that upheld the Fed’s independence and Cook’s right to remain in her position.
Boeing sells eVTOL subsidiaries, takes stake in Archer
Boeing sells three eVTOL and drone subsidiaries to Archer Aviation in exchange for a 19.75% stake, allowing both companies to accelerate development of electric aircraft and supporting technologies.
Taylor Farms recalls jalapeno products after salmonella outbreak
Taylor Farms is recalling approximately 20 jalapeno-containing products across 26 US states following a salmonella outbreak linked to a Mexican grower.
Why the UK is dithering over what to do about e-scooters
The UK government has delayed decisions on e-scooter regulation for six years despite popular trial schemes, while privately owned e-scooters remain illegal but widespread, creating safety and enforcement challenges.
A tax break for preserving land has drawn IRS scrutiny. Here’s when it still makes sense
Congress seeks to expand a land preservation tax incentive as the IRS continues scrutinizing conservation easements, though legal experts say properly structured deals still offer legitimate value for individual landowners.
Business rates cut for pubs, clubs and music venues in England only ‘a small move’, say critics
England’s pubs, clubs and live music venues will receive a 20% business rates discount as part of a £100m aid package, though critics argue the measure does not go far enough.
How much is Edinburgh’s tourist tax and who pays it?
Edinburgh has introduced a 5% tourist tax on overnight accommodation, becoming Scotland’s first city to implement the charge. The levy, which took effect this week, aims to raise £50m annually for city improvements.
Logistics giants are racing to keep up with healthcare boom as GLP-1s highlight need for cold storage
Major logistics providers including UPS and FedEx are significantly expanding cold-chain infrastructure to handle surging demand for temperature-sensitive medications like GLP-1 obesity and diabetes drugs.
Novo Nordisk sues Eli Lilly, alleging misleading GLP-1 advertising
Novo Nordisk filed a lawsuit against Eli Lilly, claiming its GLP-1 drug advertising misleads consumers by comparing outdated clinical trial data and omitting recent high-dose efficacy information.
Wall Street is selling more rental homes, as buying ban takes effect
Institutional investors subject to a new housing ban are listing rental homes for sale at more than double the rate from earlier this year, with nearly 9,500 properties on the market valued at $3.1 billion.
GM announces new gas-powered Cadillac vehicles amid EV pullback
General Motors will launch new gas-powered Cadillac vehicles starting next spring, shifting away from its previous all-electric vehicle strategy.
Goldman Sachs creates private markets platform as rich investors seek the next SpaceX and Stripe
Goldman Sachs launched a new platform to help wealthy clients invest directly in fast-growing private companies like SpaceX and Stripe before they go public.
Nike to cut off thousands of online distributors in China, restructure digital footprint
Nike plans to eliminate thousands of online distributors in China starting next year, consolidating its digital presence to official channels and major marketplaces to improve brand consistency and reverse regional sales declines.
Cyclospora outbreak tests RFK Jr.’s promise to overhaul food system, rebuild trust in CDC
A cyclospora outbreak affecting thousands tests newly appointed HHS Secretary Kennedy’s promise to overhaul the food system and rebuild trust in federal health agencies amid budget cuts and staffing shortages.
Faisal Islam: The UK’s Trump trade deal no longer looks world-beating
The UK’s trade deal with the US faces challenges as the EU secures better tariff terms, partly due to implementing forced labour legislation that Britain has not adopted.
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Business Articles
Why has the U.S. economy fared so much better under Democratic presidents than Republicans?
By David Leonhardt of the New York Times Blue at the top, red at the bottom Has the economy fared better under Democratic presidents or Republican presidents over the past century? The sensible answer might seem to be: It’s probably been similar. Presidents, after...
Growth in the Global Office Supplies Market
The COVID-19 pandemic has forced many businesses to shut down or shift to teleworking arrangements. This is projected to last for some more months. What is the global coronavirus outbreak’s impact on the world’s office supplies market? Reduced growth but still booming...
How to Start an E-commerce Business (A Guide)
The online retail business is booming, and everyone wants in. When you think of an online store, the first thing that may come to mind is a website that offers numerous products. This seems like a good business model, but when it comes to online businesses, you have...
WordPress purchases Tumblr for a fraction of Yahoo’s $1.3 billion acquisition
Automaticc—the company behind the world’s most popular blogging CMS, WordPress—recently announced that it has purchased the Tumblr blogging platform from Verizon. Initially, an Axios business editor revealed that Tumblr’s price tag was well below $20 million, and then...