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The Latest Breaking News on Business

Texas Instruments set to receive up to $1.6 billion in CHIPS and Science Act funding for Utah and Texas fabs expansion

U.S. government to support TI's fab projects in Texas and Utah with $1.6 billion in direct funding and up to $8 billion in investment tax credits.

Tom’s Hardware

Dollar Slides and Gold Rallies on Disappointing US Housing News

The dollar index (DXY00 ) today is down by -0.23% on dovish comments from Chicago Fed President Goolsbee, who said the US labor market and some leading indicators on the economy are flashing warning signs. The dollar is also lower on today’s weaker-than-expected US July housing starts report. The dollar...

Barchart

Analog Devices Stock: Is Wall Street Bullish or Bearish?

ADI has underperformed the broader market this year, but Wall Street analysts are bullish about the stock’s prospects.

Barchart

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DuPont de Nemours Stock: Analyst Estimates & Ratings

DuPont de Nemours has significantly underperformed the broader market over the past year, but Wall Street analysts are moderately optimistic about the stock’s prospects.

Barchart

American Electric Power Stock: Is Wall Street Bullish or Bearish?

American Electric Power has underperformed the broader market over the past year, yet Wall Street analysts are moderately bullish about the stock’s prospects.

Barchart

Analyst revisits Microsoft stock price target amid AI spending ramp

CEO Satya Nadella's AI ambitions for Microsoft will require significant spending increases over the coming years.

The Street

Nike (NKE) Stock Gets a Retail Sales Bump and a ‘J-Hook’ to Boot

Although NKE stock struggled amid broader economic challenges, NKE stock received a nice boost from a surprisingly robust retail sales report.

Barchart

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What Are Wall Street Analysts' Target Price for CF Industries Stock?

CF Industries has significantly underperformed the broader market this year, but Wall Street analysts are moderately optimistic about the stock’s prospects.

Barchart

Struggling restaurant chain quietly closes dozens of locations

It's not just Red Lobster and Boston Market closing locations in the post-Covid world.

The Street

Billionaire Bill Ackman buys 3 million shares of battered consumer stock

It was a big dip-buy for the closely watched hedge fund manager.

The Street

Sempra Stock: Is Wall Street Bullish or Bearish?

Despite Sempra’s underperformance relative to the broader market over the past year, Wall Street analysts remain moderately bullish about the stock’s prospects.

Barchart

Nexstar Fraudulently Collected $10.5 Million in Fees from DirecTV, Appeals Court Rules

Broadcaster concealed loss of NBC affiliation at WHAG

Multichannel News

Big Pharma fought to keep prices high

Big Pharma exploited patent laws to stifle competition amid Medicare price negotiations, according to a new report

Salon

Donald Trump’s promise to “drill, baby, drill” probably won’t change much — least of all in Texas

Texas is producing so much natural gas right now companies are losing money.

The Texas Tribune

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International Business Times UK

'I Still Want One Badly': Man Who Paid $100 To Reserve A Cybertruck In 2022 Cancels His Order—Here's Why

A Tesla enthusiast, excited by the Cybertruck's design, placed a reservation but later cancelled due to unexpected price hikes and family financial commitments.

International Business Times UK

Can Americans Afford To Keep Their Car On The Road? 10 Most Expensive US States For Car Insurance In 2024

Soaring car insurance premiums are squeezing American wallets, forcing many to reconsider if owning a car is still affordable.

International Business Times

Harris To Unveil Plan For US Economy In Major Policy Rollout

Kamala Harris is expected to take on companies unfairly jacking up prices as she sets out her economic agenda Friday in her first major policy announcement as the Democratic Party's presidential nominee.

The Street

Legal dispute pushes Boeing partner into Chapter 11 Bankruptcy

The maker of aerospace and defense systems files for Chapter 11 bankruptcy after a disputed arbitration judgment was issued against it.

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news in one place.

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Kiplinger

7 Stocks Warren Buffett Is Buying (and 10 He's Selling)

Warren Buffett's Berkshire Hathaway sold Apple and Snowflake but picked up Ulta Beauty and Heico, among other moves in Q2.

Latin Times

DHS is planning on using facial recognition technology on children at the border

Since January 2020, U.S. Customs and Border Protection has added 1.5 million DNA profiles to law enforcement databases

Barchart

US Economic Strength and Higher Bond Yields Boost the Dollar

The dollar index (DXY00 ) Thursday rose by +0.40%. The dollar rallied on stronger-than-expected US economic reports, which were hawkish for Fed policy and drove the 10-year T-note yield higher by +8 bp. Thursday’s economic reports helped reduce expectations for a 50 bp rate cut by the Fed at the...

Fortune

Walmart's shopper surge last quarter should boost retailer's profits for the rest of the year

On its latest earnings call, Walmart beat expectations and raised its guidance for the rest of the year.

The Independent UK

Potentially massive pay package for Starbucks new CEO, and he doesn't even have to move to Seattle

Incoming Starbucks CEO could make well in excess of $100 million in his first year with the company under an incentive-laden contract, and he will not be required to relocate from his home in California to Seattle, the home of the global coffee giant

The Street

Another airline just launched an all-you-can-fly pass

The new pass applies to a network of flights to cities such as London, Paris and Madrid.

Top News

US Retail Sales Surge In July, Easing Economic Slowdown Concerns

Recent data shows a significant surge in U.S. retail sales in July, supported by rising wages and stable job market, easing concerns of economic slowdown.

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