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Stories and analysis from The Business Now newsroom.
Business
$23.8 Million Judgment Pushes Ice Cream Maker Into Bankruptcy: What Rebel Creamery’s Collapse Means for U.S. Consumer Brands
Rebel Creamery Files for Bankruptcy After $23.8 Million Judgment: The Business Story Behind the Ice Cream Collapse A U.S. ice cream company whose products are sold through major grocery retailers including Walmart, Kroger and Safeway has filed for Chapter 11 bankruptcy protection while appealing a nearly $23.8 million court judgment. Rebel Creamery LLC filed for...
Business
Nike Stock Down 35%: China Crisis Deepens — Is NKE a Bargain or a Dangerous Value Trap?
Nike Stock Is Falling — But Is This Finally the Buying Opportunity Investors Have Been Waiting For? Nike (NYSE: NKE) is facing a problem that goes far beyond a weak quarter. The world’s most recognizable sportswear brand is trying to rebuild growth while dealing with declining sales in China, weaker direct-to-consumer revenue, intense competition and...
Business
Jamie Dimon Warns UK Against Bank Tax Hike: Could Higher Taxes Push Finance Jobs and Investment Abroad?
Jamie Dimon Warns UK Chancellor Against Higher Bank Taxes JPMorgan Chase CEO Jamie Dimon has issued a fresh warning to the UK’s new Chancellor, John Healey, over proposals to increase taxes on banks, arguing that a less competitive tax environment could ultimately push financial jobs and investment away from Britain. Dimon’s intervention comes ahead of...
Business
Trump Threatens Oman Over Strait of Hormuz as US-Iran Talks Reach Critical Point
Trump Threatens Oman as Strait of Hormuz Crisis Deepens US President Donald Trump has issued a stark warning to Oman, saying the United States could take military action if Oman interferes with Washington’s efforts to control shipping through the strategically important Strait of Hormuz. The comments, reported on August 17, come at a highly sensitive...
Business
Is Bluesky Down Right Now? Users Report Widespread Outage, Login Problems and Feed Disruptions
Is Bluesky Down Right Now? Users Report Widespread Outage, Login Problems and Feed Disruptions Bluesky users are reporting widespread problems today, August 16, with the social platform failing to load properly for many people across different locations. Reports describe a range of issues, including login failures, blank or blue screens, feeds that refuse to load,...
Business
Is the Internet Becoming “Post-Human”? How AI Chatbots Talking to Bots Could Change the Web
Is the Internet Becoming “Post-Human”? How AI Chatbots Talking to Bots Could Change the Web The internet was built around a simple assumption: there are people on the other side of the screen. A person writes a post. Another person reads it. Someone asks a question, someone else answers. A customer reviews a product, a...
Business
Apple Is Breaking the iPhone Launch Cycle: Why the iPhone 18 May Not Arrive Until 2027
Apple Is Breaking the iPhone Launch Cycle: Why the iPhone 18 May Not Arrive Until 2027 Apple could be about to make one of its biggest changes to the iPhone release strategy in more than a decade. The standard iPhone 18 is widely expected to skip the traditional fall 2026 launch, while Apple reportedly prepares...
Business
Gen Z Is Moving Investment Money Into Sports Betting: The Warning Sign Behind America’s New Money Habits
Gen Z Is Moving Investment Money Into Sports Betting: The Warning Sign Behind America’s New Money Habits A new Betterment survey is highlighting a striking shift in how some young U.S. investors think about money: sports betting is increasingly competing with traditional investing for their attention — and, for some, even their investment dollars. The...
Business
SpaceX Just Broke Another Launch Record: Two Falcon 9 Rockets Took Off Minutes Apart
SpaceX Just Broke Another Launch Record: Two Falcon 9 Rockets Took Off Minutes Apart SpaceX has delivered another striking demonstration of its rapid-launch capability, sending two Falcon 9 missions into orbit in the same evening with only about 38 minutes separating the liftoffs. The back-to-back launches involved the USSF-366 mission from California and the Globalstar...