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Business News

Location American Business News for 29 October 2026

Why Is Halloween Candy So Expensive?

The New York Times - 28 Oct 2026 03:54
Why Is Halloween Candy So Expensive? The average cost of a 100-piece bag has jumped 71 percent in the last five years. Consumers are thinking twice about what theyll spend.
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SK Hynix Plans $75 Billion in Shareholder Returns After Blockbuster Earnings The South Korean memory-chip maker reported that its net profit more than tripled in the third quarter, while revenue and operating profit hit record highs for a sixth straight quarter.
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Chinas Car Industry Is Wowing the World-but Crashing at Home

Wall Street Journal - 28 Oct 2026 01:00
Chinas Car Industry Is Wowing the World-but Crashing at Home Domestic sales have plunged, but the state-supported sectors needed shakeout hasnt begun. Theres a lot of sorting thats going to happen, said GM CEO Mary Barra.
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Chinas Industrial Profit Growth Surged in September

Wall Street Journal - 27 Oct 2026 03:16
Chinas Industrial Profit Growth Surged in September Chinas industrial profit growth rose 14.4% from a year earlier in September, supported by strong gains in electronics and high-tech manufacturing linked to AI and digital-infrastructure spending.
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Peter Thiel's Apple verdict raises a $5 trillion question Peter Thiel says Apple has lacked major breakthroughs since Steve Jobs. Here's how its strong results, AI delays and valuation affect Apple investors.
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Spacex Secures $40B as Musk Predicts Most Neoclouds Will Fail Spacex has secured a roughly $40 billion equipment financing commitment as CEO Elon Musk predicts failures among specialized AI cloud providers. The conditional agreement would fund computing hardware, with deliveries ex...
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Asian Stocks Decline as Appetite for Risky Assets Ebbs

Wall Street Journal - 26 Oct 2026 03:11
Asian Stocks Decline as Appetite for Risky Assets Ebbs Oil prices hovered around multimonth highs, while market participants look to the Federal Reserves coming interest-rate decision for direction.
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Musk says SpaceX landed a $40 billion debt deal - and forecasts doom for some AI rivals SpaceX is rapidly growing an AI business that rents out access to advanced chips.
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Why So Many Shoppers Think Retailers Are Using AI to Jack Up Prices Walmart, McDonalds and other companies have dismissed concerns that they are raising prices based on who is buying or sudden need.
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US Extradites Chinese National in $36.9M+ Crypto Scam With 174 Victims A Chinese national faces a U.S. money laundering charge after extradition from the Netherlands in an alleged cryptocurrency scam involving more than $36.9 million. Investigators identified 174 American victims whose fund...
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How Trump Gave the Worst Polluters a Free Pass

The New York Times - 25 Oct 2026 01:12
The president temporarily waived clean-air rules for industrial facilities that spew cancer-causing gases. Then his appointees worked to gut the regulations altogether.
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The U.S. Grid Counts On Canadian Power. Canada Is Eyeing Other Options Canada plans power lines linking its own provinces after a century of sending electricity south. For parts of the U.S., that could mean a less reliable grid.
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5 Takeaways From Our Investigation of Trumps Waivers for Polluters Chemical plants and other industrial facilities had been required to curb their toxic emissions. A New York Times investigation shows how they got out of it.
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Senator Probes Tethers Reported $6M Deal With Firm Tied to Ex-Trump Crypto Advisor Sen. Richard Blumenthal (D-Conn.) has launched an investigation into Tethers reported multimillion-dollar payments to a consulting firm co-owned by former White House cryptocurrency adviser Bo Hines, raising concerns abo...
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White House lifts tariffs on some Canadian goods as midterm elections loom From 30 October, tariffs will be eased on some products, including certain machinery, and placed on others, such as carpets.
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Iran Threatens Wider Strikes on Economic and Civilian Targets if U.S. Attacks As Tehran retains missile and drone stockpiles, Washington is trying to move more servicemembers and diplomatic staff out of harms way.
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The tech selloff is forcing companies to rethink IPO plans

Business Insider - 23 Oct 2026 04:22
The tech selloff is forcing companies to rethink IPO plans South Korean chipmaker SK Hynix is the latest AI winner to shelve an IPO as the tech rout spreads.
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Looted Goods From French Stores Appear on Resale Sites After Riots Officials in France are pressing online platforms like eBay and Vinted to remove items that were stolen during public disturbances over the weekend.
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Bitcoin gives back its run at $85,000 as Tesla and Meta fail to calm AI nerves BTC broke through its $84,000 ceiling late Wednesday, then slid back to the $82,500 support analysts are watching as tech futures fell.
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Oil Rises as Geopolitics Back in Focus After AI Jitters Ease

Wall Street Journal - 22 Oct 2026 03:03
Oil Rises as Geopolitics Back in Focus After AI Jitters Ease Oil rose and Asian equities were lower as the spotlight returned to Middle East geopolitical developments after artificial-intelligence jitters eased.
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This wonky maneuver kept Mark Zuckerberg from fleeing a California billionaire tax Facing a potentially giant tax bill that could threaten his voting power, Zuckerberg was days away from listing his Palo Alto home when Meta agreed to create a new class of stock.
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Tech Stocks Move Higher Ahead of Fed Rate Decision

Wall Street Journal - 28 Oct 2026 13:56
Tech Stocks Move Higher Ahead of Fed Rate Decision The Nasdaq has been making gains, with chip stocks leading the way after SK Hynix reported blowout earnings.
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