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Business News

Location American Business News for 16 October 2026
Steve Jobs Didnt Become a Billionaire Thanks to Apple. He Got Rich From a Company He Bought From George Lucas On February 3, 1986, Steve Jobs bought Lucasfilms computer graphics unit from George Lucas for $10 million and renamed it Pixar, taking roughly a 70% stake. Pixars November 29, 1995 IPO priced shares at $22 and made Jobs...
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Elon Musk just unveiled a Tesla Roadster that flies

Business Insider - 16 Oct 2026 03:00
Elon Musk just unveiled a Tesla Roadster that flies The revised Tesla Roadster has been a long time coming, with Elon Musk first showing off an earlier version back in November 2017.
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IMF suggests UK should cut spending rather than raise taxes on banks, as Healey prepares budget raid - business live Rolling coverage of the latest economic and financial newsJohn Healey poised to raise taxes on banks in budgetElsewhere in the markets today, South Koreas Kospi share index has recorded its biggest weekly loss since Octo...
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British food and drink exports to EU collapse by more than a third since Brexit NFU analysis of official data shows falls in exports to UKs largest trading partner since 2019 include 70% for sugar and 74% for egg productsExports of British food and drink to the EU have collapsed by more than a third...
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When Will the Fed Move on Rates?

The New York Times - 16 Oct 2026 12:00
When Will the Fed Move on Rates? Kevin Warsh, the central banks chairman, suggested he wouldnt push to raise borrowing rates this month. But persistent inflation may force the Feds hand.
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Why Bad News in the Bond Market May Be Good News for Investors In the contrarian logic of investing, rising interest rates have made bonds much more attractive, our columnist says.
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Warsh Vows Price Stability as A.I. Delivers Shock to Economy

The New York Times - 16 Oct 2026 05:02
Warsh Vows Price Stability as A.I. Delivers Shock to Economy The Federal Reserve chairman said technological change was complicating the outlook for central banks as policymakers grapple with persistent inflation risks.
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An OpenAI agent ran out of Ethereum funds, and took from a wallet it did not own The research model derived funded Sepolia addresses from public seed phrases, questioned whether using the money was ethical, then called the funds effectively abandoned and used them anyway.
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XRP Whales Move 1.67 Billion Tokens to Binance as Price Slips Large XRP holders have transferred 1.669 billion XRP to Binance over the past 30 days, pushing the exchanges whale inflow metric to its highest level in seven months, according to Cryptoquant contributor Arab Chain. The ...
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Solana Breaches Chinas Crypto Wall With New Shanghai Office The establishment of a new Solana Foundation office in one of Shanghais highest commercial buildings has drawn out criticism from industry leaders, who wonder how China, with its historic anti-crypto stance, allowed a to...
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Katie Zacharia had the shortest tenure as press secretary in history. Here are the others who didn't last long. Katie Zacharia, former White House press secretary, served a five-day stint. She's among three others who held the position for under two months.
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Voluntary Provident Fund: Should you invest beyond EPF? Interest rates, tax rules and the ₹2.5 lakh limit explained VPF allows salaried employees to invest beyond mandatory EPF contributions at the prevailing 8.25% interest rate. Understand the ₹2.5 lakh tax-free interest limit, tax on excess contributions and withdrawal rules befor...
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Warren Buffett's Berkshire invests $330M in Bending Spoons Berkshire Hathaway is doubling down on a company born from a failed startup and a backpacking trip.
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Wall Street Veterans Unveil DeFi Platform for 77 TradFi Markets Decentralized perpetual futures exchange Deepsigma has launched a live paper-trading platform across 77 traditional financial markets, including U.S. equities, indexes, commodities, and Treasury yields. Bridging Traditio...
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Amazon is selling a pop-up canopy with a sidewall and vented top for $75 The Sanway Pop-Up Canopy Tent is on sale for 10% off and comes with tons of accessories and features to streamline your experience for $75.
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Abakkus Flexi Cap Fund September portfolio: 35 stocks, including Groww and NTPC, see higher holdings Abakkus Flexi Cap Fund raised its holdings in Groww, NTPC and HDFC Bank in September, added Zydus Lifesciences and exited Cyient DLM. It also trimmed positions in Divis Laboratories and Oracle Financial Services Software...
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Netflix Hurries to Rewrite Its Narrative With Layoffs and a Sudden Firing Despite strong revenues and profits, the streaming service cut 1,000 jobs and jettisoned its chief content officer. Drops in the stock price and viewer engagement are to blame.
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Chinas tourists flock to experience a pretend typhoon as dark tourism flourishes The concept of paying to suffer soars in popularity, with simulated disasters proving a modern twist on visiting sites of historic tragedies When Leon Lv was looking for somewhere to travel last year, she turned to the C...
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The new White House press secretary is out, and Anthony Scaramucci has thoughts Anthony Scaramucci, the person central to memes about Katie Zacharia, has thoughts for the now-former press secretary.
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M.L.B. Playoff Ads With Sydney Sweeney and Megan Fox Draw Backlash Commercials with Sydney Sweeney promoting a gambling platform and Megan Fox endorsing male enhancement have rankled fans, and even athletes. Who is in charge?
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Delta CEO has firm message for travelers worried about flight safety As airlines explore new ways to operate, Delta's chief, Ed Bastian, has drawn an explicit boundary regarding artificial intelligence in aviation.
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Anthropic polled 1,334 of its employees. They're more sure than most of us that AI will take over jobs. Anthropic employees forecast AI to handle 80% of their jobs by 2030, while US workers expect less impact, highlighting differing expectations.
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