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Stories and analysis from The Business Now newsroom.
Business
Why Millions Could Default on Credit Card Debt in 2026—The Financial Crisis Most People Don’t See Coming
Why Millions Could Default on Credit Card Debt in 2026—The Financial Crisis Most People Don’t See Coming The world’s attention is fixed on artificial intelligence, wars, tariffs, and stock market volatility, but another financial threat is quietly growing beneath the surface. Millions of households are carrying more credit card debt than ever before. At the...
Business
Amazon’s $2.5 Billion Prime Settlement: You Could Be Owed Money—Here’s How to Claim It Before the Deadline
Amazon’s $2.5 Billion Prime Settlement: You Could Be Owed Money—Here’s How to Claim It Before the Deadline Millions of Amazon Prime customers are paying close attention to reports of a proposed $2.5 billion settlement related to Prime subscriptions. The settlement, which stems from allegations over Amazon’s Prime enrollment and cancellation practices, could allow eligible customers...
Business
Cathie Wood Bets $50 Million on Tesla After Its Sharp Selloff—What Does She Know That Wall Street Doesn’t?
Cathie Wood Bets $50 Million on Tesla After Its Sharp Selloff—What Does She Know That Wall Street Doesn’t? When most investors panic, Cathie Wood often does the opposite. After Tesla shares suffered a sharp decline of around 15%, the founder and CEO of ARK Invest reportedly purchased approximately $50 million worth of Tesla stock, making...
Business
Trump Launches Section 301 Investigation Into EU Penalties: What It Means for Global Business
Trump Launches Section 301 Investigation Into EU Penalties: What It Means for Global Business Global trade tensions may be entering a new phase after President Donald Trump announced plans to launch a Section 301 investigation into penalties imposed by the European Union on U.S. companies. The announcement immediately attracted attention across financial markets because Section...
Business
The Perfect Storm: How AI, Global Wars, and Economic Uncertainty Are Triggering the Biggest Wave of Job Losses in Years
The Perfect Storm: How AI, Global Wars, and Economic Uncertainty Are Triggering the Biggest Wave of Job Losses in Years A new wave of layoffs is sweeping across the global economy—but unlike previous downturns, 2026’s job cuts are being driven by multiple powerful forces at the same time. Artificial intelligence is automating tasks once performed...
Business
Google’s Next AI Leap Begins: Gemini Spark Is Rolling Out—Could This Be the End of Traditional AI Chatbots?
Google’s Next AI Leap Begins: Gemini Spark Is Rolling Out—Could This Be the End of Traditional AI Chatbots? The artificial intelligence race has entered a new chapter. Google is expanding access to Gemini Spark, its latest agentic AI assistant, allowing more Google AI Pro users in the United States to try technology that moves beyond...
Business
Wall Street Selloff Deepens: Oil Tops $100, Tech Giants Slide, and Investors Brace for More Turbulence
Wall Street Selloff Deepens: Oil Tops $100, Tech Giants Slide, and Investors Brace for More Turbulence Global financial markets are facing another period of heightened uncertainty. A combination of Brent crude oil climbing above $100 per barrel, weakness in leading technology companies, and the implementation of new U.S. tariffs has weighed on investor sentiment. The...
Business
Wall Street Didn’t See This Coming: Intel Stock Surges After Massive AI-Powered Earnings Surprise
Wall Street Didn’t See This Coming: Intel Stock Surges After Massive AI-Powered Earnings Surprise After years of being viewed as a company struggling to keep pace in the artificial intelligence race, Intel (NASDAQ: INTC) has delivered one of its biggest surprises in years. The chipmaker reported better-than-expected second-quarter results, issued a stronger-than-forecast outlook, and said...
Business
Trump’s Nominees Hit an Unexpected Roadblock: Why Elizabeth Warren Just Stopped a Key Senate Vote
Trump’s Nominees Hit an Unexpected Roadblock: Why Elizabeth Warren Just Stopped a Key Senate Vote A routine Senate confirmation process unexpectedly turned into one of Washington’s latest political flashpoints after Senator Elizabeth Warren objected to moving forward with votes on several Trump administration nominees, citing concerns over background check procedures. The delay has reignited debate...