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Stories and analysis from The Business Now newsroom.
Business
Apple Earnings Shock: Profit Jumps 27% as iPhone Sales Crush Expectations — But Tim Cook’s Final Call Raises a Bigger Question
Apple Earnings Shock: Profit Jumps 27% as iPhone Sales Crush Expectations — But Tim Cook’s Final Call Raises a Bigger Question Apple has delivered another powerful earnings performance, with fiscal third-quarter 2026 profit rising 27% as strong iPhone demand helped the world’s most valuable public company beat Wall Street expectations. The results arrive at a...
Business
2027 Social Security COLA Could Bring a Bigger Check — But Some Seniors May Face a Tax Surprise
2027 Social Security COLA Could Bring a Bigger Check — But Some Seniors May Face a Tax Surprise Millions of Americans receiving Social Security are already watching one number closely: the 2027 Social Security cost-of-living adjustment (COLA). The final increase won’t be known until the Social Security Administration announces it in October 2026, but current...
Business
World Cup for Sale? FIFA’s Billion-Dollar Stake Plan Triggers a Massive Football Backlash
World Cup for Sale? FIFA’s Billion-Dollar Stake Plan Triggers a Massive Football Backlash FIFA has triggered a major new battle over the future of football after unveiling plans to bring private investors into a new $20 billion commercial subsidiary that would manage the business and event operations surrounding the World Cup and other FIFA competitions....
Business
US GDP Growth Slows to 1.5% While Jobless Claims Rise to 197K: What the Latest U.S. Economic Data Means for Markets
US GDP Growth Slows to 1.5% While Jobless Claims Rise to 197K: What the Latest U.S. Economic Data Means for Markets The U.S. economy delivered mixed signals on Thursday as second-quarter GDP growth slowed more than expected while initial jobless claims increased from the previous week, pointing to moderating economic momentum but a labor market...
Business
Bank of England Holds Rates at 3.75%: Why the UK Central Bank Is Still Worried About Inflation
Bank of England Holds Rates at 3.75%: Why the UK Central Bank Is Still Worried About Inflation The Bank of England (BoE) has kept its benchmark interest rate unchanged at 3.75%, matching market expectations and marking the fifth consecutive meeting at which the rate has remained at this level. The decision comes as UK inflation...
Business
AI Hedge Fund Faces Fresh Capital Pressure After July Tech Rout Hits Leopold Aschenbrenner’s $20 Billion Strategy
AI Hedge Fund Faces Fresh Capital Pressure After July Tech Rout Hits Leopold Aschenbrenner’s $20 Billion Strategy Leopold Aschenbrenner’s Situational Awareness LP, the AI-focused hedge fund that became one of the most closely watched investment stories of 2026, is reportedly seeking fresh capital after a sharp July sell-off battered some of its technology and artificial-intelligence...
Business
Dow Plunges 1,153 Points After Fed Decision as Wall Street Faces Fresh Rate Shock
Dow Plunges 1,153 Points After Fed Decision as Wall Street Faces Fresh Rate Shock The Dow Jones Industrial Average suffered its worst trading day in more than a year, tumbling 1,153.18 points, or 2.2%, to 51,594.14 on Wednesday after the Federal Reserve kept interest rates unchanged but delivered a message that investors interpreted as more...
Business
Fed Holds Interest Rates Steady as Rare 9–3 Split Signals Growing Inflation Concerns
Fed Holds Interest Rates Steady as Rare 9–3 Split Signals Growing Inflation Concerns The Federal Reserve held interest rates steady at 3.50%–3.75%, matching market expectations, but an unusual 9–3 policy vote has captured Wall Street’s attention. Three Federal Reserve officials voted in favor of a 25-basis-point interest rate increase, highlighting growing concerns that inflation remains...
Business
Galaxy S25 Ultra and S24 Ultra Owners Face Another Major Battery Issue After Software Update
Galaxy S25 Ultra and S24 Ultra Owners Face Another Major Battery Issue After Software Update Samsung Galaxy S25 Ultra and S24 Ultra Update Bug reports are once again gaining attention as some users claim their devices are experiencing unexpected battery drain after installing recent software updates. The issue has triggered frustration among Samsung Galaxy owners...