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Business News

Location American Business News for 13 July 2026
Elon Musk and Sam Altman are trading insults over Apple's OpenAI lawsuit, and with SpaceX now public and OpenAI filing to list, retail investors hold a stake in the feud.
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The charity says it gave out 36,400 items of child clothing and 536 tubs of formula milk in 2025.
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A month on from the firm's stock market debut, the reality of how SpaceX currently makes money has seemed to come into clearer focus.
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The US Government Owes $39 Trillion. Heres Why Thats Bitcoins Best Argument Yet U.S. gross national debt crossed $39 trillion in mid-March, and debt held by the public stood at over $31 trillion. With the Congressional Budget Office projecting a $1.9 trillion deficit in fiscal 2026 and public debt r...
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Bought a car worth over ₹10 lakh? Here's how to claim your 1% TCS refund If you have bought a car worth more than ₹10 lakh, you would have paid a TCS of 1% to the dealer. This is not an additional tax but a tax credit that can be adjusted against your total income tax liability or claimed a...
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Filing ITR-1 this year? These new disclosure requirements could affect your return From reporting income from two house properties to furnishing additional details for donations and rental income, the latest ITR-1 utility brings several changes. Here's what taxpayers need to know before filing.
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Retirement, child education or wealth creation: Does every SIP in your portfolio have a purpose? Every SIP should be linked to a specific financial goal, such as retirement, a child's education, buying a house, or wealth creation. The expert suggested that the number of funds you own or their recent returns matt...
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Income Tax Act 2025 simplifies presumptive tax-but one change could hurt taxpayers The new Income Tax Act largely simplifies presumptive taxation rules, but one change could restrict taxpayers from setting off certain losses against presumptive income.
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RBI new ombudsman rules: Here's why you should act quickly The new framework empowers the ombudsman to issue interim, non-binding advisories to the regulated entity, requiring it to take action for full or partial resolution to enable quicker settlement.
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Amazon's $30 hotel-quality comforter feels 'like sleeping on a cloud' The Tekamon All-Season Down Alternative Comforter, which also works as a duvet insert, is 10% off at Amazon.
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Saylor Reports Zero Bitcoin Buys as Strategys Cash Reserve Hits $3 Billion Strategy Inc increased its U.S. dollar reserve by $450 million last week, pushing the balance to $3 billion as of July 12, 2026, according to a Form 8-K filed with the Securities and Exchange Commission (SEC). The Tysons...
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This crypto giant just became a regulated bank

The Street - 13 Jul 2026 14:07
This crypto giant just became a regulated bank It marks a huge turning point for cryptocurrencies.
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A parasite that causes diarrhea has been detected in 31 states: How to prepare food and what to avoid The source of the current US outbreak is unknown, but in the past, cyclosporiasis has been linked to raspberries, basil, snow peas, green onions, and lettuce.
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Brent crude remains below $80 a barrel; European shares push cautiously higher while Asian shares tumble with South Koreas Kospi down nearly 10%Drinkers across the UK were shocked when a pint in some London bars hit £10...
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AI is changing how Indian films travel across languages and borders AI is set to transform film dubbing, making multilingual releases faster, cheaper and more scalable. The shift could help Indian films reach far wider audiences, but legal, creative and distribution challenges remain.
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Costco sued over what's allegedly inside a 'clean' product A proposed class-action lawsuit says Costco sold a product with undisclosed lead, cadmium, and arsenic. Here's what's alleged.
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Robinhood Chains Gas Subsidy Is Closing the Gap With Base: Future of Ethereum On Horizon? Robinhood Chain hit 7.6M daily transactions within 11 days of launch, nearing Base's 9.2M - but a free gas subsidy expires in September, making Q4 the true test. The post Robinhood Chains Gas Subsidy Is Closing the G...
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Bitcoin whale moves $188M for first time in 7 years

Coin Telegraph - 13 Jul 2026 13:36
Bitcoin whale moves $188M for first time in 7 years A dormant whale transferred BTC worth $188 million after seven years of holding, adding to the growing ratio of whale transfers to cryptocurrency exchanges.
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Oil Prices Surge After Iran and U.S. Trade Strikes

The New York Times - 13 Jul 2026 13:34
Oil Prices Surge After Iran and U.S. Trade Strikes The renewed hostilities posed fresh risks to ships seeking to navigate the Strait of Hormuz.
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DOLs 40,000 Comments: Fiduciaries & Plan Sponsors Speak Out Fiduciarytakeawaysyoucanuseimmediately
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Why do US bankers want more AI regulation than Europeans?

American Banker - 13 Jul 2026 13:30
Why do US bankers want more AI regulation than Europeans? In the U.S., bankers are used to prescriptive rulemaking, and without it they seem uncertain about how to move forward with AI. Europe tried writing prescriptive AI rules, and they were a disaster. Now nobody knows how t...
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The EU's mandatory Advanced Driver Distraction Warning system aims to enhance road safety with driver-monitoring cameras, while sparking debates over data privacy and surveillance concerns.
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