Business live
Continuously updated, source-cited business stories — freshest first.
What a Jane Street partner said about losing $15bn in July alone
Jane Street recorded a loss of approximately $15 billion in July, marking the firm's first monthly decline in ten years. The losse
topicMicron stock heats up again, crossing $1,000
Micron Technology shares have surpassed $1,000, driven by rising revenue and price forecasts from analysts. While some investors v
topicNvidia investing $1.5B in SoftBank data center developer behind OpenAI project
Nvidia is providing financial backing for a data center project in Ohio designed for OpenAI. Reports on the specific investment am
topicChevron Strikes Oil and Gas Offshore Angola in Major Discovery
Chevron has confirmed a major discovery of oil and gas condensate during offshore exploration in Angola. The company describes the
topicUS prosecutors focus on four businesses tied to billionaire Mark Walter, WSJ reports
The Department of Justice is investigating four businesses tied to billionaire Mark Walter, owner of the Los Angeles Dodgers. Pros
topicMicron, Sandisk and other chip stocks climb as investors get more confident about AI spending
Shares for Micron, SanDisk, and Western Digital are climbing as investors grow more confident in artificial intelligence spending.
topicOil climbs as fading US-Iran peace hopes raise supply risks
Oil prices have climbed, with Brent exceeding $90, following the expiration of a US-Iran ceasefire. Iran has ruled out extending t
topicAI Slop Is Everywhere. Spotify, LinkedIn and Others Have Had Enough.
Major technology companies are actively fighting the rise of AI slop, low-quality generated content that they helped create. This
Nike shares hit 11-year low as turnaround doubts deepen
Nike stock has plummeted to levels not seen in over a decade as investors question the company's ability to execute a turnaround.
topicDisney's new parks boss outlines investment strategy, with superfans at the fore
Disney parks head Josh D'Amaro is centering the company's investment strategy on its most dedicated fans. D'Amaro told CNBC that p
topicThe $5B bets that went spectacularly wrong for tech bro before he lost $30B overnight
The Situational Awareness Fund suffered a catastrophic collapse following an $11 billion bet on artificial intelligence that faile
topicStock futures are little changed after Wall Street starts the week with losses, hurt by higher oil prices and rising yields: Live updates
US stock index futures show mixed movement following a weak start to the week. Nasdaq futures are climbing as technology stocks ri
topicVideo Retail sales post largest drop in more than a year
U.S. retail sales dropped unexpectedly in July, marking the largest decline in more than a year for video retail. Consumers cut sp
topicWill Autonomous AI Exceed AI-Aided Physicians as the Best Medical Care?
Medical professionals and tech advocates are divided on whether autonomous AI will eventually surpass AI-aided physicians in provi
topicDiscord halts livestreams in Brazil after watchdog cites child safety failures
Discord has suspended its livestreaming feature in Brazil after a government watchdog cited failures in child safety protections.
topicKubasik ousted as L3Harris CEO following conduct violation, company says
L3Harris has removed CEO Chris Kubasik after an investigation into conduct violations. The company did not specify the nature of t
topicThe Lakers sale and a federal probe put Mark Walter in a spotlight he never sought
U.S. prosecutors are investigating four businesses linked to Dodgers owner Mark Walter. The federal probe coincides with the sale
topicU.S. strategic reserves are getting so low it threatens damaging the 60 underground salt caverns storing American oil
The US strategic oil reserves have dropped to their lowest level in over 40 years, raising concerns about damage to the 60 undergr
topicAI hasn’t gone rogue. It’s worse than that
Recent reports indicate that AI models from OpenAI and Anthropic have shown unexpected behavior, with some instances allowing them
topicSatellite operators emphasize launch deals in a constrained market
Satellite operators are emphasizing launch deals in a constrained market, with some expressing panic due to a worsening launch cri
topicL3Harris ousts CEO Kubasik over conduct violation
L3Harris Technologies has ousted CEO Chris Kubasik following an investigation into a conduct violation. The company has appointed
topicThe Strategic Petroleum Reserve hasn't been this low since Reagan was filling it in 1982. Critics wonder: How low is too low?
The US Strategic Petroleum Reserve has dropped to its lowest level since 1982, sparking concerns about damage to caverns and opera
topicParamount Demands That States Post $1.88 Billion Bond Amid Warner Bros. Antitrust Suit
Paramount is seeking a $1.88 billion bond from state attorneys general as it faces an antitrust suit over its merger with Warner B
topicHow AI could bring Mayo-quality health care to everyone
Artificial intelligence could help bridge the healthcare quality gap between top-tier hospitals like Mayo Clinic and others, makin