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Treasury Yields Hit Multi-Decade Highs Amid Inflation Fears

U.S. Treasury yields surged on Tuesday to multi-decade highs as investors reacted to persistent inflation concerns and escalating tensions in the Middle East. The yield on the 10-year Treasury note , which influences mortgage rates, climbed to 4.78% , its highest level since January 2025, while the

Today 4:39 PM ET Est. Read: 3 Mins

5 articles from 3 publishers

BusinessSports

Kroenke to Acquire Los Angeles Angels in $2.8B Deal

Billionaire sports owner Stan Kroenke has agreed to acquire Major League Baseball’s Los Angeles Angels from current owner Arte Moreno. The transaction is expected to close in the first quarter of 2027, subject to customary closing conditions and approval by MLB. The deal adds another major professio

Today 4:39 PM ET Est. Read: 1 Mins

3 articles from 3 publishers

BusinessCorporate

John Ternus Takes Over as Apple CEO

John Ternus has officially taken over as Apple CEO, succeeding Tim Cook after a 15-year tenure that saw the company's value grow from $350 billion to over $4.6 trillion. According to Reuters and Al Jazeera, Cook transitions to executive chairman, focusing on global policy relations amid U.S.-China t

Today 10:40 AM ET Est. Read: 2 Mins

6 articles from 5 publishers

More Business Summaries

Retail

Shein Shares Fall on Hong Kong Debut Amid Growth Concerns

Shein’s shares fell as much as 10% during their trading debut on the Hong Kong stock exchange after pricing shares at HK$48.56, valuing the company at just over $26bn. The fast-fashion retailer closed 4% below its offer price by the end of trading on Tuesday. The lackluster debut follows regulatory

Today 5:12 AM ET·2 min read

7 articles from 5 publishers

Legal

FTC Sues Amazon Over Alleged Ad Price Manipulation

The Federal Trade Commission (FTC) and a bipartisan group of 22 state attorneys general sued Amazon on Monday, alleging the tech giant has pocketed billions by 'secretly and systemically overcharging' advertisers on its platform. The lawsuit, filed in the U.S. District Court in Washington, marks the

Yesterday 7:46 PM ET·2 min read

5 articles from 5 publishers

Corporate

Trump-Praised Gas Chain Faces $4M Fuel Theft Lawsuit

President Donald Trump recently praised the Freedom Fuel Network for its low gas prices, but a federal lawsuit filed by Georgia-based petroleum distributor Mansfield Energy alleges that some of the fuel sold by the chain was stolen. The 179-page lawsuit claims that New Jersey-based KRSM and its pres

Yesterday 4:26 PM ET·1 min read

3 articles from 3 publishers

Corporate

Meta Settles Youth Addiction Lawsuits for $18B

Meta Platforms has agreed to pay up to $18 billion over the next decade to settle a lawsuit brought by 47 states, D.C., and three U.S. territories , alleging that Facebook and Instagram were designed to addict children. The agreement includes significant changes to the platforms, such as daily usage

Aug 26, 10:09 AM ET·2 min read

16 articles from 11 publishers

Economy

United CEO Predicts Gradual Fare Hikes in 2027

United Airlines CEO Scott Kirby expects airfares to rise gradually in early 2027, though by less than this year's increases, as travel demand remains strong despite economic uncertainty. According to Reuters , Kirby told reporters that United has yet to see a slowdown in demand and expects this stre

Aug 25, 1:19 PM ET·1 min read

3 articles from 3 publishers

Corporate

TCS to Acquire Porsche's IT Unit for €320M

Tata Consultancy Services (TCS) will acquire Porsche AG’s automotive and consulting unit MHP for an enterprise value of €320 million, according to TimesLIVE . The acquisition is part of a wider five-year partnership under which Porsche has committed €1.25 billion ($1.46 billion) for TCS and MHP. T

Aug 24, 11:42 PM ET·1 min read

3 articles from 3 publishers

Corporate

Bonta Cancels Paramount Meeting Over Leak Claims

California Attorney General Rob Bonta canceled a scheduled meeting with Paramount representatives that was intended to begin settlement talks over the state's lawsuit seeking to block Paramount's proposed $110 billion acquisition of Warner Bros Discovery. According to The New York Times , as reporte

Aug 24, 7:17 AM ET·4 min read

8 articles from 5 publishers

Corporate

Shein Valued at $26.5B in Hong Kong IPO Debut

Shein is set to debut on the Hong Kong stock exchange on September 1st with a valuation near $26.5 billion, significantly lower than its peak value four years ago. According to multiple reports, the company aims to raise about HK$13.6 billion ($1.73 billion) through the sale of shares priced at HK$4

Aug 24, 3:42 AM ET·3 min read

7 articles from 4 publishers

Markets

Bitcoin Surges Past $81K as Clarity Act Boosts Momentum

Bitcoin surged past $80,000 , reaching a more than three-month high on Tuesday as a soft U.S. dollar and debasement fears revived momentum in the crypto sector. The world's largest cryptocurrency hit a peak of $81,237.94 in Asian hours, marking its highest level since mid-May. The rally comes amid s

Aug 22, 10:06 PM ET·3 min read

6 articles from 3 publishers

Automotive

China Orders Tesla to Recall Nearly 3M Vehicles Over Door Handle Safety

Chinese regulators have ordered Tesla to recall nearly 3 million vehicles , including Model 3, Model Y, Model S, and Model X, due to safety concerns over electronically controlled door handles. The recall is part of China's largest-ever automotive recall campaign involving eleven carmakers. The Stat

Aug 21, 5:23 PM ET·3 min read

5 articles from 5 publishers

Economy

South Korea Launches Future Fund for AI-Driven Growth

South Korea announced plans to launch a new 'Future Fund' , utilizing what it calls 'windfall revenue' from increased tax collections driven by the artificial intelligence (AI) chip boom, according to multiple reports. The fund aims to promote long-term economic growth through strategic investments

Aug 21, 5:04 AM ET·4 min read

7 articles from 3 publishers

Retail

Walmart Uses Tariff Refunds to Cut Prices Amid Slow Sales Growth

Walmart announced it will use $2.9 billion in tariff refunds to lower prices for customers, aiming to address affordability concerns amid high inflation. According to CBS News , the Arkansas-based retailer received "substantially all" of the refunds and is directing the money toward improving custom

Aug 20, 12:56 PM ET·2 min read

4 articles from 4 publishers

Corporate

Evergrande Founder Hui Ka Yan Sentenced to Life

Hui Ka Yan, the founder of China’s Evergrande Group, was sentenced to life in prison by a Chinese court on Thursday. The court ordered the confiscation of all his personal property and fined Evergrande Group ¥8.82bn (£950m) and its subsidiary Hengda Real Estate ¥7bn. Hui, 67, pleaded guilty in April

Aug 20, 9:16 AM ET·2 min read

4 articles from 4 publishers

Corporate

Boeing Scandals Explored in 'Freefall'

'Freefall: A Reckoning for Boeing,' a documentary directed by Rory Kennedy, delves into the continuing safety and ethical scandals at Boeing. The film is a follow-up to her 2022 documentary 'Downfall: The Case Against Boeing,' which examined the company's role in two fatal crashes of its 737 Max air

Aug 19, 1:44 PM ET·2 min read

3 articles from 3 publishers

Corporate

Unitree Robotics Shares Surge 600% in Shanghai Debut

Unitree Robotics , the world’s largest maker of humanoid robots, saw its shares surge by more than 600% during its debut on China’s STAR Market in Shanghai. The company, officially known as Yushu Technology Co., raised approximately $905 million through its initial public offering (IPO), with shares

Aug 19, 9:51 AM ET·2 min read

5 articles from 4 publishers

Corporate

American Airlines to Add Seatback Screens, Premium Seats

American Airlines has announced plans to reintroduce seatback screens on its aircraft, marking a significant investment in the onboard experience. The new screens, featuring 4K resolution, will begin appearing on new Boeing and Airbus planes starting in 2028. According to CBS News , American also in

Aug 18, 4:17 PM ET·2 min read

3 articles from 3 publishers

Media

Disney Sues FCC Over License Review

Disney and its subsidiary ABC have filed a lawsuit against the Federal Communications Commission (FCC), alleging that the agency is retaliating against them for their content and threatening to revoke their broadcast licenses. The suit, filed in district court for the District of Columbia, argues th

Aug 18, 9:44 AM ET·2 min read

7 articles from 7 publishers

Automotive

Stellantis Recalls 955K Vehicles Over Rearview Camera Glitch

Stellantis announced a recall of approximately 955,000 vehicles worldwide , including nearly 848,000 in the U.S. , due to a software issue that may disrupt rearview camera displays. The affected models span Chrysler, Dodge, Jeep, and Ram brands from model years 2026 to 2027. The recall includes popu

Aug 17, 7:48 PM ET·1 min read

3 articles from 3 publishers

Financial

OCC Approves Trump-Linked Crypto Bank Charter

The Office of the Comptroller of the Currency (OCC) granted conditional approval for World Liberty Trust Company, an entity affiliated with World Liberty Financial and partially owned by a Trump-linked company, to operate as a national trust bank. This move allows the firm to issue stablecoins, hold

Aug 17, 4:19 PM ET·2 min read

6 articles from 6 publishers

Economy

U.S. Retail Sales Drop Sharply in July

U.S. retail sales experienced the largest decline in more than a year in July, falling by 0.6% , according to Commerce Department data released Friday. This drop marks the biggest decrease since May 2025 and follows revised gains of 0.2% in June. The decline came as consumers cut back on spending

Aug 14, 1:39 PM ET·2 min read

3 articles from 3 publishers

Economy

Illinois Wins $1B Powerball Jackpot

A single ticket sold at a Hy-Vee gas station in Quincy, Illinois , won the record-breaking $1.04 billion Powerball jackpot on Wednesday night, according to multiple reports. The winning numbers were 4, 26, 66, 67 and 69; with a Powerball number of 9 . This is the largest Powerball jackpot won so far

Aug 13, 11:15 AM ET·2 min read

9 articles from 4 publishers

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Business

Treasury Yields Hit Multi-Decade Highs Amid Inflation Fears