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Business News

Location American Business News for 23 July 2026
IBM just cut its outlook, but not by as much as investors feared IBMs official earnings report comes after a bruising profit warning last week.
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Diesel Crisis Puts Poor Farmers Around the World at Risk

The New York Times - 23 Jul 2026 04:01
Diesel Crisis Puts Poor Farmers Around the World at Risk The closure of the Strait of Hormuz has limited the shipment of diesel, depriving farmers of fuel for irrigation pumps and threatening the food supply.
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The allegations come as Chinese AI companies are facing increased US government scrutiny.
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SK Hynix denies Intel Ohio fab deal, but the market didn't care SK Hynix's denial should have killed the rumor. Instead, Wall Street is still pricing in a possible sale.
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Discount grocery chain closing stores despite millions in public cash Yellow Banana is pulling the plug on six Save A Lot locations.
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Ford Will Use Apple Maps in New Self-Driving System

The New York Times - 23 Jul 2026 14:28
Ford Will Use Apple Maps in New Self-Driving System In a first, Apple software will influence the way a new line of electric vehicles made by Ford Motor operates, and other automakers may follow.
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Even as War Rages, Investors Bet Oil Will Be Cheaper in a Few Months Futures contracts reflect an expectation that low inventories and midterm elections are likely to push the Trump administration to try to ease tensions with Iran.
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Amid Cyclospora Outbreak Tied to Lettuce, America Skips Salads Foot traffic to chains such as Chopt and Chipotle fell in recent weeks after a recall from Taylor Farms and changing messages from the F.D.A.
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Middle East Oil Flows Dwindle as Conflict With Iran Deepens

The New York Times - 23 Jul 2026 13:56
Middle East Oil Flows Dwindle as Conflict With Iran Deepens The Houthis claimed to have attacked two ships in the Red Sea, and Iran said a third caught fire near the Strait of Hormuz.
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Tesla's Q2 earnings fell short despite revenue growth due to rising costs and declining margins, raising questions over a potential merger with SpaceX.
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Tesla Profit Falls Even as Car Sales Rebound

The New York Times - 23 Jul 2026 13:41
Tesla Profit Falls Even as Car Sales Rebound The company is selling more cars, but the companys profit was down because of price cuts and higher expenses.
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Bitcoin wilts as oil and rates rise. Clarity Act odds tumble to 38% Geopolitical risks, rising rates, and fresh regulatory setbacks send crypto lower as key Democrats demand stronger safeguards in the market structure bill.
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Popular menswear retailer plans Wall Street return six years after bankruptcy The Men's Wearhouse owner is betting on a strategy many retailers have pulled back from.
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Clarity Act Mired In Debate Over Whether to Bar President From Selling Crypto Democrats and Republicans are haggling about the Clarity Act, a major bill pushed by the crypto industry, as it moves closer to a Senate vote.
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Ripple Mint Launches to Expand Institutional Access to RLUSD Stablecoin A new institutional platform allows customers to mint, redeem, and manage Ripple USD through a web interface and APIs, while multichain expansion broadens RLUSDs reach across payments, trading, and decentralized finance....
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Graham's Family Dairy recalls milk from UK supermarkets over potential antibiotic contamination, posing a risk to those with allergies. Consumers are advised to check and return affected products.
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The allegations come as Chinese AI companies are facing increased US government scrutiny.
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President Trump announced an expansion of the Ratepayer Protection Pledge, requiring AI firms to fund their own power infrastructure, aiming to prevent utility price hikes for American households.
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Ford set to challenge Tesla after big new deal with tech giant Ford partners with Apple to embed Maps into its next-gen EVs. Here's what it means for Tesla, BlueCruise autonomy and the $30,000 electric truck coming in 2027.
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Andrew Tate's tweet claiming isolation from the outside world while in solitary confinement was mocked online for its contradiction, as his account remained active despite his claims.
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Robberies of business property in England and Wales rose by 91% due to new recording rules, highlighting the risks faced by retail workers. Overall robbery offences increased by 10%, despite a drop in personal property t...
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Most FDA advisers say peptides like BPC-157 and TB-500 should be made available in the U.S. Heres what happens next. The FDA is deciding whether seven peptides can be legally compounded, potentially opening the door to broader use in Americans.
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