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Business News

Location American Business News for 28 July 2026
J&J offers $5.5bn to settle baby powder lawsuits Johnson & Johnson (J&J) has offered to pay $5.5bn (£4.13bn) to resolve tens of thousands of lawsuits in the US alleging its talcum powder caused ovarian cancer.
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Sat Bains offers deli versions of some of his dishes to promote local businesses facing high costs.
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Why Paramount Paused Its Blockbuster $111 Billion Deal for Warner Bros. A flurry of negotiations last week cleared the way for an antitrust court battle with states that could determine the fate of the two iconic media giants.
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Morgan Stanley sees a troubling S&P 500 repeat

The Street - 28 Jul 2026 00:07
Morgan Stanley sees a troubling S&P 500 repeat Morgan Stanley says the S&P 500 is showing a familiar 2021 pattern as investors rotate toward companies with stronger earnings and balance sheets.
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Warren Buffett is often asked what the ideal workplace is. His answer is the best career tip youll hear today The Oracle of Omaha suggests that the best place to work may come down to the person you work for. ForWarren Buffetts authorized biography,The Snowball: Warren Buffett and the Business of Life, the billionaire investor g...
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As chips sell off, rattled investors should heed this Cisco Systems lesson from the last millennium The market should recover its poise within the next few days, says Fundstrats Tom Lee.
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DOJ is urging Supreme Court to allow Trumps order targeting mail-in voting ahead of midterms The DOJ wants justices to clear the way for Trumps changes to mail-in voting. The Trump administration asked the Supreme Court on Monday to clear the way for an executive order from President Donald Trump that could dram...
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Markets eye Bank of Japan meeting on Friday as yen repeats 40-year US dollar lows Analysis warned of a repeat of the 2024 yen carry-trade unwind that pressured crypto markets ahead of the next Bank of Japan interest-rate meeting.
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Only one Magnificent 7 stock is having a truly magnificent year. The reason may surprise you As investors grow more concerned about AI-driven capex from tech giants, Apples measured strategy might look more appealing these days. On Monday, shares of Apple Inc. (Nasdaq: AAPL) rose 1.17% and the tech giant became ...
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PayPal delivers an earnings beat - and suggests its not against a merger deal If we see levers or a path that we believe would create superior value for our shareholders than executing our current strategy, we would, of course, carefully consider them, CEO says
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Boeings stock rallies as surprisingly large loss is offset by upbeat revenue and backlog Sales outpace Wall Street expectations as defense business comes through while commercial airplane sales miss mark.
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The CLARITY Act Is at the One-Yard Line: Coinbase Says Its Time to Get It Over the Finish Line Coinbase CEO Brian Armstrong intensified pressure for a Senate vote, portraying the CLARITY Act as a bipartisan breakthrough that could strengthen consumer protections, law enforcement authority, and American leadership ...
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Wise stock rattles investors as OCC denies bank application The OCC denied Wise's bid for a U.S. trust bank charter, citing compliance gaps, and the stock fell about 6%. Here is what it means and what comes next.
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Chinese Start-Up Moonshot Details New A.I. Model

The New York Times - 28 Jul 2026 01:10
Chinese Start-Up Moonshot Details New A.I. Model Moonshot said some users would have to get licenses to use its Kimi K3 model as the company threads a needle between sharing and profiting from its technologys popularity.
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People in their 20s are facing a tougher start to adulthood than any generation in almost half a century, according to analysis for the BBC.
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Perplexity AI Just Dropped a Bitcoin Predicts That Has Traders Worried Perplexity AI predicts Bitcoin will soar to $180,000 to $230,000 by 2026 amid favorable market conditions. The post Perplexity AI Just Dropped a Bitcoin Predicts That Has Traders Worried appeared first on Cryptonews.
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Coinbase wants to be Canadas everything exchange, but says clearer rules are needed first Coinbase Canada's new CEO, Eric Richmond, says permanent rules, rather than temporary exemptions, are needed as the company pushes to expand into derivatives, tokenized assets and decentralized finance.
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Cornings AI data-center trade hits a guidance wall Corning (GLW) reported strong Q2 earnings, but stock fell after Q3 sales guidance missed consensus. Here's how AI optical growth and phone weakness balance out.
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Tech Stocks Tumble on Worries Over A.I. Spending and Chinas Chips The Nasdaq Composite index slid more than 1 percent before recovering, a bumpy ride that has escalated in recent days.
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ServiceNow cut hundreds of jobs to streamline operations. One staffer called it a 'very tough day.' Amid industry pressure, ServiceNow, overseen by CEO Bill McDermott, reduces workforce while focusing on AI investment and operational efficiency.
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Thailand SEC Accuses Bitkub Executives of Hiding $50M Hack Losses From Regulators Thailands Securities and Exchange Commission (SEC) filed a criminal complaint against crypto exchange Bitkub Online and two former directors for allegedly making false entries in official reports between May and October ...
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Anthropic clarifies stance on open-weight AI models Anthropic CEO Dario Amodei says the company never advocated a ban on open-weight AI and outlines three narrow policy alternatives to regulate frontier models.
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