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Stories and analysis from The Business Now newsroom.
Commodities
US Strikes Iran: Fifth Consecutive Night of Military Action Escalates Middle East Tensions
US Strikes Iran Continue for Fifth Straight Night as CENTCOM Confirms New Military Operations US Strikes Iran entered a fifth consecutive night after the U.S. Central Command (CENTCOM) confirmed that American forces launched another wave of military operations at approximately 2:00 PM ET. According to the latest update, the strikes are aimed at further degrading...
Commodities
Economic Calendar Today: Key Events Traders Should Watch on July 17
Economic Calendar Today Highlights Major U.S., Eurozone, and Canada Market Events Economic Calendar Today for Friday, July 17, features several important economic releases and speeches that could drive volatility across global financial markets. Investors will closely monitor President Trump’s speech, comments from FOMC Member Philip Jefferson, U.S. housing data, Industrial Production, University of Michigan Consumer...
Dow Jones
SpaceX Stock Falls Below IPO Price: Should Investors Worry or Is This Another Meta-Style Opportunity?
SpaceX Stock Falls Below IPO Price as Investors Question the Company’s Valuation SpaceX Stock is back in the spotlight after dropping below its $135 IPO price, raising fresh concerns among investors about the company’s valuation and future growth. The recent decline has attracted heavy attention from Wall Street, with short sellers increasing bearish bets while...
Dow Jones
US Jobs and Retail Sales Data: Jobless Claims Beat Forecasts While Retail Sales Growth Slows
US Jobs and Retail Sales Data Signals a Strong Labor Market but Slower Consumer Spending US Jobs and Retail Sales Data released on July 16, 2026, painted a mixed picture of the U.S. economy. The labor market remained resilient as Initial Jobless Claims dropped to 208,000, beating economists’ expectations of 217,000 and improving from the...
Business
GE Aerospace Earnings: GE Aerospace Beats Q2 Expectations, Raises Profit Outlook Despite Stock Decline
GE Aerospace Earnings Beat Expectations as Profit Outlook Improves, but Stock Slips GE Aerospace Earnings are making headlines after the aviation giant reported better-than-expected second-quarter 2026 results, raised its full-year profit guidance, and highlighted continued strength in commercial aviation demand. Despite the impressive financial performance, GE Aerospace shares declined following the earnings release, surprising many...
Markets
Gift Nifty Closing: Gift Nifty Ends at 24,106.50, Signals Positive Start for Nifty 50
Gift Nifty Closing: Gift Nifty Ends Higher at 24,106.50 Gift Nifty Closing on July 16, 2026, ended on a positive note as Gift Nifty closed at 24,106.50, gaining 64.50 points (+0.27%) during the session. The closing level also stood 28 points above the previous Nifty 50 close of 24,078.50, indicating a potentially positive start for...
Business
Trump Warns of Expanding Strikes Against Iran Next Week: Rising Middle East Tensions Put Global Markets on Alert
Trump Warns of Expanding Strikes Against Iran as Middle East Tensions Rise Trump Warns of Expanding Strikes Against Iran, according to reports citing comments made during an interview with Fox News. The statement has intensified concerns over a broader military conflict in the Middle East and immediately placed global financial markets, energy traders, and geopolitical...
Markets
SpaceX Stock Falls Below IPO Price Ahead of Starship Test Flight: Should Investors Be Worried?
SpaceX Stock Falls Below IPO Price Ahead of Critical Starship Test Flight SpaceX Stock is back in the spotlight after the aerospace company’s shares fell below their initial public offering (IPO) price for the first time. On July 16, 2026, SpaceX Stock dropped to an all-time low of $132.75, slipping below its IPO price of...
Global
Bank of Canada Interest Rate Decision: BoC Holds Key Rate at 2.25%, Sees Economic Rebound Ahead
Bank of Canada Interest Rate Decision: BoC Holds Interest Rate at 2.25%, Predicts Economic Recovery The Bank of Canada Interest Rate Decision on July 16, 2026, kept the country’s benchmark policy interest rate unchanged at 2.25%, matching market expectations. While maintaining its current monetary policy stance, the central bank expressed optimism that Canada’s economy is...