Business

940 articles published

Legionnaires' Disease Outbreak on New York City's Upper East Side Kills Five

As of July 21, health officials had confirmed 82 diagnoses linked to the outbreak, with eight patients still hospitalized.

Jul 22, 2026

Southwest Airlines Profit Rises 9 Percent but Summer Outlook Disappoints

The Dallas carrier's third-quarter earnings forecast of 50 to 75 cents per share fell well below the 82 cents Wall Street analysts expected.

Jul 22, 2026

Nike Cuts Thousands of China Online Distributors Starting January 2027

The company says the move is designed to fix uneven pricing and an inconsistent brand image across its Greater China digital channels.

Jul 22, 2026

Iridium Revenue Rises But Earnings Miss as Rocket Lab Deal Costs Mount

The satellite communications company posted adjusted earnings per share of $0.09, far below the analyst consensus estimate of $0.28.

Jul 22, 2026

Dyne Therapeutics Raises $375 Million in Discounted Share Offering

The biotechnology company priced 18.3 million shares at $20.50, a 14% discount to the prior day's closing price.

Jul 22, 2026

Yen Falls Past 163 Per Dollar to Its Weakest Level Since 1986

Japan's Finance Minister said authorities can take bold steps at any time, but the yen continued to slide as U.S. Treasury yields rose alongside oil prices.

Jul 21, 2026

Prediction Market Companies and Casinos Spend Millions in Washington Lobbying Fight

Kalshi spent nearly $1.8 million on federal lobbying in the first half of 2026, matching the American Gaming Association's total for the same period.

Jul 21, 2026

Jamie Dimon Warns Against Long-Term Bonds as Investors Flee to Short-Term Treasuries

The iShares 0-3 Month Treasury Bond ETF has pulled in $47.5 billion in net inflows this year, making it the top-performing bond ETF by new money.

Jul 21, 2026

COVID-19 Paper Authors Privately Doubted Their Own Public Conclusions

Slack messages released by Senator Rand Paul show one author assigned a 30% probability to a lab origin while the paper publicly dismissed the possibility.

Jul 21, 2026

U.S. Retirees Face Higher Medicare Costs From Three Common Mistakes

Missing an enrollment deadline can trigger a 10% premium surcharge for every 12-month period a person delayed signing up for Part B coverage.

Jul 21, 2026

Novo Nordisk Sues Eli Lilly Over Weight-Loss Drug Advertising Claims

The Danish drugmaker says Lilly's ads comparing GLP-1 medications rely on outdated clinical data and are deliberately false.

Jul 21, 2026

U.S. Overseas Investment Hits $7.14 Trillion as Europe Leads Growth

The Bureau of Economic Analysis reported that foreign direct investment into the United States also rose, reaching $5.86 trillion, with Germany and Canada posting the largest increases.

Jul 21, 2026