Business live
Continuously updated, source-cited business stories — freshest first.
Anthropic close to awarding Morgan Stanley and Goldman Sachs top roles in $2tn IPO
Goldman Sachs and Morgan Stanley are seeking investment-grade ratings for artificial intelligence companies Anthropic and OpenAI d
topicChina's imports in August miss estimates as calls for rebalancing trade grow
China recorded a 25% surge in export growth for August, driven by robust global demand for high-tech goods, artificial intelligenc
topicBillionaire David Tepper Just Bought These 2 Artificial Intelligence (AI) Stocks That Wall Street Thinks Could Soar by 50% or More
Billionaire investor David Tepper recently purchased two artificial intelligence stocks projected by Wall Street to surge by 50 pe
topicNovartis stock slides as centerpiece of $12B Avidity buyout flunks ‘crucial’ phase 3 test
Novartis shares plummeted 10 percent, heading for their worst day on record, after a crucial phase 3 clinical trial failure. The f
topicStock Market Today: Dow tumbles 1%, S&P 500 and Nasdaq drop as Brent crude edges toward $100 a barrel and pharma stocks stumble
Wall Street indices moved lower as the Dow Jones tumbled 1 percent, plunging alongside losses in the S&P 500 and the Nasdaq. Broad
topicIntel reportedly plans another 10% PC CPU price increase for October 5
Intel plans to raise PC central processing unit prices by 10 percent in October. The proposed adjustments arrive amid ongoing comp
topicPopular squishy toy recalled over ‘serious injury’ hazard after months of child hospitalizations
Federal regulators have recalled or flagged more than 15,000 children's squishy toys containing water beads that can expand if swa
topicBroadcom: The $350 Billion AI Signal Has A $29 Billion Footnote (NASDAQ:AVGO)
Broadcom anticipates artificial intelligence semiconductor revenue will hit $115 billion in fiscal year 2027 and $230 billion in f
US tourism groups want to win Canadian visitors back. A testy trade war isn’t helping
American tourism organizations are struggling to win back Canadian travelers as trade disputes and newly enacted tariffs discourag
topicWhy Stocks Are Defying Gravity and What Could Bring Them Down
The S&P 500 sits at a near-record high while defying gravity, prompting warnings about potential market declines. Financial analys
topicU.S.-Iran War Updates: Oil nears $100 a barrel as Strait of Hormuz stalemate keeps ship traffic down
Global crude prices reached $100 per barrel on Wednesday for the first time in months, driven by intensifying military strikes and
topicSurprisingly strong jobs report could set stage for Fed rate hike
A robust employment report has revived market expectations for a Federal Reserve interest rate hike, with upcoming inflation and c
topicYen’s Rally Through Key Level Puts Currency’s 2026 High in Reach
The Japanese yen climbed to a new seven-month high against the dollar, driven by expectations of interest rate hikes by the Bank o
topicSandisk Soars Nearly 12% Before Joining the S&P 100
SanDisk stock surged nearly 12 percent following an announcement that the company will join the S&P 100 index. Shares climbed to $
topicKenyans Made a Living Writing College Essays. Then A.I. Arrived.
Artificial intelligence tools have systematically dismantled Kenya's essay ghostwriting sector, eliminating an industry that previ
topicTrump Threatens to Halt Trade Following News That US Trade Deficit Grew in July
Donald Trump threatened to halt trade following reports that the US trade deficit widened in July to its largest gap since early 2
topicIran or the dollar? US makes an example of Banque Misr
Billions of dollars linked to Iran continue to move through clearing accounts at United States banks each year, according to Weste
topicThe US wants to win Canadian visitors back, but tourists say ‘it’s a wasted effort’
United States tourism campaigns aimed at winning back Canadian travelers are failing to reverse a steep decline, resulting in a fi
topicTesla’s Cybercab has been deployed, and it’s already under investigation
Tesla launched its commercial two-seat autonomous Cybercab service in Austin, Texas, on September 3, operating vehicles without st
topicCholesterol drug setback casts doubt over multibillion-dollar race
Novartis faces a major setback after its experimental cardiovascular drug failed a crucial phase 3 test. The failed treatment serv
topicSeattle Times, Newsday sue OpenAI, Microsoft, alleging copyright infringement
The Seattle Times and Newsday filed a federal lawsuit against OpenAI and Microsoft on Friday. The publishers allege that the tech
topicFive dead after Amazon-branded cargo plane overruns runway at Miami airport, striking multiple vehicles
All five people killed when an Amazon-branded cargo plane overran a runway at Miami International Airport were employees of an air
topicNovartis Lp(a) drug fails to lower cardiovascular risk in closely watched ph. 3 trial
Novartis reported that its experimental drug pelacarsen failed its primary endpoint in the Lp(a)HORIZON Phase 3 trial. Although th
topicTSMC, Samsung commit to ASML’s newest chipmaking tools as AI drives demand
TSMC and Samsung have committed to using ASML's latest High NA EUV lithography machines to meet surging demand for AI technology.