Category
Economy
Stories and analysis from The Business Now newsroom.
Economy
Why Did SpaceX’s Falcon 9 Create a Giant “Space Jellyfish”? The Science Behind the Viral Sky Phenomenon
When SpaceX’s Falcon 9 rocket blasted off from Florida in the early hours of Thursday morning, the mission itself was already making history. The reusable booster completed its 36th successful flight, extending its own record and once again proving why SpaceX remains the global leader in reusable rocket technology. But while aerospace engineers celebrated another...
Economy
Mortgage Rates Today (July 9, 2026): Falling Rates Offer Relief for Homebuyers and Homeowners
Mortgage Rates Continue to Fall, Giving Buyers a Welcome Break After months of elevated borrowing costs, U.S. mortgage rates are continuing their gradual decline, providing encouraging news for both prospective homebuyers and homeowners considering refinancing. The latest market trends show that mortgage rates have eased for several consecutive sessions, helping improve affordability in a housing...
Economy
Eimco Elecon Q1 Results: Net Profit Rises 6.2% YoY to ₹154 Million, Revenue Sees Healthy Growth
Eimco Elecon Reports Strong Q1 FY27 Earnings Eimco Elecon (India) Ltd. has announced its Q1 FY27 financial results, reporting a standalone net profit of ₹154 million, compared to ₹145 million during the same quarter last year. The latest earnings represent a year-on-year (YoY) growth of approximately 6.2%, reflecting steady operational performance despite challenging market conditions....
Economy
Tesla’s Next Big Bet? SpaceX Merger Speculation, Robotaxi Expansion, and Why Wall Street Is Watching Closely
Tesla Dominates Headlines with SpaceX Merger Buzz and Robotaxi Expansion Tesla is back at the center of Wall Street’s attention after a series of major developments involving SpaceX merger speculation, the expansion of its Robotaxi service to Miami, and fresh analyst optimism about the company’s long-term artificial intelligence strategy. Investors are increasingly debating whether Tesla’s...
Economy
U.S. Launches Fresh Wave of Airstrikes on Iran as Middle East Crisis Escalates
The United States has reportedly launched another wave of military strikes against Iran, marking a significant escalation in the rapidly expanding conflict that has gripped the Middle East over the past several weeks. According to multiple reports, including Axios and Reuters, U.S. forces targeted additional Iranian military assets in an effort to further weaken Tehran’s...
Economy
Trump Administration Launches Major H-1B Visa Fraud Investigation; Cognizant Among Companies Named
US Expands Probe Into Alleged H-1B Visa Fraud The Trump administration has launched what officials describe as one of the most extensive investigations into alleged H-1B visa fraud in recent years. According to statements from the US Department of Labor’s Office of Inspector General, investigators have issued numerous summonses as part of a broader effort...
Commodities
Jackdaw Gas Field Sparks Fresh Climate Debate: Owner Says Project Will Have ‘No Material’ Impact on Global Warming
Jackdaw Gas Field Back in the Spotlight The UK’s controversial Jackdaw gas field in the North Sea has returned to the center of the country’s energy and climate debate after its owner released an updated environmental assessment arguing that the project’s greenhouse gas emissions will “not materially influence” global climate change. The revised assessment comes...
Crypto
RBI Reportedly Recommends Cryptocurrency Ban in India: What It Means for Bitcoin, Crypto Investors, and the Digital Asset Industry
RBI Reportedly Supports Fresh Cryptocurrency Ban as Regulatory Debate Intensifies India’s cryptocurrency industry is once again under the spotlight after reports revealed that the Reserve Bank of India (RBI) has reiterated its long-standing recommendation for a comprehensive ban on private cryptocurrencies. According to documents reviewed by multiple media outlets, the central bank believes that digital...
Business
Apple and Broadcom Extend Multi-Billion Dollar Chip Partnership Through 2031: $30 Billion Deal to Boost U.S. Manufacturing
Apple Strengthens U.S. Chip Supply with Historic Broadcom Partnership Apple has announced a major long-term agreement with semiconductor giant Broadcom, extending their strategic chip supply partnership through 2031 in a deal expected to exceed $30 billion. The agreement marks one of Apple’s largest commitments to U.S.-based semiconductor manufacturing and reinforces its strategy of securing critical...