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Business News

Location American Business News for 2 August 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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XRP Scam Ring Arrested After Stealing $9M From 71 Investors South Korean police arrested three suspects accused of stealing 12.3 billion won, or about $9 million, from 71 XRP investors. Investigators traced 27.3 billion won through related wallets, indicating that total losses co...
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The German Auto Industry, a Pillar of the National Psyche, Is Trembling The countrys iconic carmakers are struggling with tariffs, the growth of electric vehicles and intense competition from Chinese companies.
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Bank of America sends strong verdict to Meta stock investor Bank of America reiterates Buy on Meta stock with an $810 target after a Q2 EPS miss. Analyst Justin Post addresses META's AI assets and ad business.
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The Coldcard Exploit Explained: Who Lost Bitcoin and Whos at Risk An attacker exploited weak seeds generated by certain Coldcard hardware wallets to steal bitcoin worth roughly tens of millions from hundreds of addresses on July 30. According to a deep analysis from Galaxy Research, th...
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Warsh Considers Reducing Frequency of Fed Policy Meetings

The New York Times - 1 Aug 2026 00:26
Warsh Considers Reducing Frequency of Fed Policy Meetings The Federal Reserve has met at least eight times a year for decades. Reducing the number of meetings would represent the biggest change by Kevin M. Warsh since he became chairman.
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In Another Wild Day for South Korean Stocks, Market Surges 15 Percent After a sharp sell-off, South Koreas stock market rallied as concerns about overspending on artificial intelligence eased, sending the countrys chip shares higher.
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Anthropic says its models went rogue and hacked 3 companies during testing Anthropic said it reviewed more than 141,000 AI tests and found three cases where Claude modls got online during testing
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Corporate insiders are sending warning signals about the stock market Corporate insiders havent been this bearish in more than 20 years.
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Ether, XRP flat as chip stocks steady on Samsung's 250-fold profit surge Crypto's majors barely moved as Asia's semiconductor selloff eased. Most are still lower over the week, with HYPE down 8%.
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A.I. Data Centers in Space? A System to Cool Chips Could Help. Researchers at Caltech and Sophia Space, a start-up, have developed a technology using solar power to prevent computer equipment from overheating in orbit.
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DOJ Indicts Crypto Investor Over Alleged $20 Million Fraud Targeting Dozens of Victims Federal prosecutors allege a crypto investor orchestrated a scheme that caused about $20 million in losses. The case now heads toward a trial as investigators highlight the alleged misuse of investor funds and cryptocurr...
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DoorDash's CEO says AI coding is not enough to make engineers more productive He said that engineers spend another big chunk of time in product reviews, design meetings, and aligning with different business teams.
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Goldman Sachs uncovers key AbbVie stock signals before earnings AbbVie reports July 31 with its stock near a high. Goldman stays Neutral and points to the signals that could decide the move after earnings.
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Elon Musk's solar ambitions have shifted from powering homes to powering Tesla's AI era Tesla's power purchases from energy developers reflect Elon Musk's increasing focus on solar power in industrial settings, namely AI infrastructure.
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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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Nvidias potential new deal with OpenAI would revive a spooky tech-bubble habit, analyst warns Investors are fretting over a report that Nvidia could backstop an OpenAI data-center lease, in what would be the largest such arrangement yet.
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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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Sam Altman said AI hasn't led to 4-hour workweeks because people are competitive The OpenAI CEO said that as people become more productive, they will also become more competitive and want to work more.
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Bitcoin is back above $65,000 as U.S. and Iran hold fire. Oil drops 5% ETH outperforms BTC, hinting at potential altcoin rally, as the U.S. and Iran hold fire and oil drops.
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Iran War Forces Energy Buyers to Unshackle From Global Markets Developing Asian nations, scarred by Middle East supply shocks, are working to scale back their reliance on imported fuels, including liquefied natural gas.
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