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Economy
Stories and analysis from The Business Now newsroom.
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...
Business
FOMC Decision Today, One Fed Announcement Could Move Gold, Stocks, Bitcoin, and the Global Economy Within Minutes
FOMC Decision Today Could Become the Biggest Market Catalyst of the Month Financial markets across the globe are focused on one event today—the Federal Open Market Committee (FOMC) interest rate announcement. The U.S. Federal Reserve is widely expected to keep the Federal Funds Rate unchanged at 3.75%, but investors know that the interest rate itself...
Business
Procter & Gamble Stuns Wall Street, Revenue Miss and Weak Outlook Raise New Questions About the Global Consumer
Procter & Gamble Stuns Wall Street, Revenue Miss and Weak Outlook Raise New Questions About the Global Consumer One of the world’s most closely watched consumer goods companies has delivered a message that Wall Street wasn’t expecting. Procter & Gamble (NYSE: PG) reported quarterly results that missed revenue expectations while issuing a softer fiscal-year outlook,...