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Economy
Stories and analysis from The Business Now newsroom.
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...
Commodities
Iran Claims It Destroyed 3 F-35s at U.S. Base—But Is the Claim True?
Iran Claims It Destroyed 3 F-35s at U.S. Base—But Is the Claim True? Iran has made a dramatic claim that could have major implications for the U.S.-Iran conflict: the Islamic Revolutionary Guard Corps (IRGC) says a missile strike on Jordan’s Al-Azraq Air Base destroyed three U.S. F-35 fighter jets and heavily damaged three more. But...
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...
Economy
Trump Officials Accused of Using AI and Mobster Testimony to Bolster James Comey Case
Trump Officials Accused of Using AI and Mobster Testimony to Bolster James Comey Case Former FBI Director James Comey’s legal battle with the Trump administration has taken a dramatic new turn, after his lawyers alleged in a court filing that government investigators used AI tools and sought information from a former Mafia figure while building...
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...
Business
Wall Street Holds Its Breath, Fed Decision, AI Earnings, and Rising Oil Prices Could Decide the Market’s Next Trillion-Dollar Move
Wall Street Holds Its Breath, Fed Decision, AI Earnings, and Rising Oil Prices Could Decide the Market’s Next Trillion-Dollar Move Focus Keyword: FOMC Decision Today The world’s largest financial markets are entering one of the most important trading sessions of the month as investors await the Federal Reserve’s latest interest rate decision, while corporate earnings...