Companies
‘I’ll never apologize’ — Trump brushes off Iran war’s impact on oil prices and calls aircraft carrier’s 240+ days at sea ‘not nearly long enough’
Trump acknowledged that he's used the U.S. military “a little bit more than I wanted to," while asserting anew that the U.S. operation against Iran is going well.
Tariff refunds are juicing corporate profits and GDP as more tailwinds converge to propel growth to a blistering 4.3% pace, top economist says
"The bottom line is that the US economy continues to be supported by a growing set of tailwinds."
Iran business leader admits U.S. blockade will inflict more economic damage than war, and the ‘worst thing that could happen’ is trying to evade it
The head of the Iran-China Joint Chamber of Commerce said "the consequences of the blockade far outweigh those of a direct war."
‘It’s archaic’: the struggle to heat poorly insulated homes let by royal estates
A number of idyllic-looking homes in estates owned by King Charles and Prince William do not meet energy standards for rentals• Royal estates rent out homes that fail to meet lega…
What Bessent’s economic isolation of Iran could look like
The main challenge is that targeting the remaining options risk blowback on the US economy.
Iran, Oman home in on Hormuz Strait deal as ship attacks mount
The finalization of a “shipping map” forms part of a broader accord to govern traffic through the strait and constitutes an independent arrangement between the two states.
Berkshire pads Delta, Alphabet stakes as Abel taps cash pile
The conglomerate continued to pare its stake in Bank of America Corp. and now owns 6.8% of the US lender’s shares.
Nvidia has $21 billion SpaceX stake, $30 billion in Intel shares
Nvidia also had stakes in Coherent Corp., Generate Biomedicines Inc., Nebius Group NV, Nokia Corp. and Synopsys Inc. as of June 30.
Jane Street lost $15 billion in its first down month in a decade
Jane Street was rattled by Situational Awareness and the equity market turmoil.
Anthropic revenue surges to over $11.5 billion in second quarter
Anthropic PBC is telling prospective investors its second-quarter revenue jumped at least 14-fold versus the same period a year ago.
Boiler room raised $74 million selling retirees SpaceX, Anduril, Anthropic, and Perplexity while reaping ‘massive hidden fees,’ SEC claims
The New York financier at the center of the case, Andrew Spaventa, denied the allegations on Friday, and said he planned to defend himself.
Trump embraces a political strategy of being in charge of everything but responsible for nothing when things go badly
His unwillingness to accept blame sometimes leads him to deny that there are problems at all.
‘Strategic change and grasping nettles’: where now for John Lewis as boss exits?
Peter Ruis appeared ‘to be doing a good job in difficult circumstances’ at department store chain, says analyst“Going up?” After a tough week for department stores it feels as if …
Trump pulls last aircraft carrier in Asia to send to Mideast, and China ‘is quite happy with U.S. distraction’ as Beijing shows signs of aggression
The USS George Washington is departing the Pacific and expected to replace the USS Abraham Lincoln in the Middle East.
$38 billion Twilio CEO wakes at 4:30 a.m., works Sundays, and runs laps around his house between meetings to blow off steam
EXCLUSIVE: Running a $38 billion company looks like 4:30 a.m. starts, working on Sundays and running laps around the house to blow off steam—and Twilio’s CEO says all his peers ha…
Starbucks CEO says the coffee chain won’t lose its cash-strapped consumers because it’s on its way to being a ‘world-class customer service’ company
Brian Niccol said Starbucks’ quality and customer service is worth the cost of a $6 or $7 latte.
‘I have a chip on my shoulder.’ Phoebe Gates wants her $185 million AI startup Phia to succeed with ‘no ties to my privilege or my last name’
But now Phoebe Gates is under her own fire for her app Phia reportedly "cookie stuffing."
AI is creating a new wave of philanthropists. The system they’re walking into is broken
Sometime in the near future, a significant portion of the people building today's AI industry are expected to become very rich.
Met apologises for exposing 143 email addresses of Mohamed Al Fayed victims
London police force tells Telegraph incident was result of ‘human error’ and it is conducting an investigationThe Metropolitan police have apologised for accidentally exposing the…
The ‘manosphere’ is actually a multibillion-dollar industry that sells courses and supplements to insecure Gen Z men, report finds
“In the very real moment of confusion…there is an industry of platforms, influencers and advertisers who are making billions off of young men’s insecurities.”
UK’s biggest EV battery gigafactory shelves expansion as Jaguar Land Rover talks stall
Chinese-owned AESC has pushed back plans in sign of slowing transition from petrol and diesel to electric carsAndy Burnham moves to cut new EV sales targetsThe UK’s biggest gigafa…
Nobel laureate Daron Acemoglu says AI and liberal democracy share the same crisis: ‘there is a tendency to escalate everything’
"It's become sort of radical to hold two apparently conflicting ideas in your head at the same time," the MIT economist told Fortune.
Before employers shift more healthcare costs to workers, they should ask hospitals a question
Healthcare is a growing operating expense and, per Mercer data, roughly three-quarters of CFOs rank healthcare as a top five operating cost concern.
Heathrow passengers face disruption after flood restricts access
Airport advises passengers travelling from terminals 2 and 3 to use rail and tube as pipe leak closes roadHeathrow airport has warned of disruption after flooding caused by a pipe…