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Stories and analysis from The Business Now newsroom.
Business
U.S. Fires on Panama-Flagged Ship Near Iran Blockade: Vela Nova Incident Raises Fresh Maritime Crisis Fears
U.S. Fires on Panama-Flagged Ship Near Iran Blockade: Vela Nova Incident Raises Fresh Maritime Crisis Fears Meta Description: U.S. forces reportedly fired on Panama-flagged ship Vela Nova after it attempted to breach the blockade of Iranian ports. Here’s what happened and what it means. A new maritime confrontation in the Gulf region is putting the...
Business
Legal & General Beats Expectations as Pension Boom Powers Profit Surge — What Happens Next for LGEN Stock?
Legal & General Beats Expectations as Pension Boom Powers Profit Surge — What Happens Next for LGEN Stock? Legal & General Group (LGEN) has given investors a fresh reason to look closely at the UK insurance and retirement sector after reporting a stronger-than-expected first-half performance, with pension risk-transfer deals once again emerging as one of...
Business
Oil Prices, Fed Rate Cut Bets, and Iran Sanctions Collide—Why Global Markets Just Entered a Critical Turning Point
Oil Prices, Fed Rate Cut Bets, and Iran Sanctions Collide—Why Global Markets Just Entered a Critical Turning Point A series of major developments in the U.S. economy and global energy markets unfolded within hours, creating one of the most significant trading sessions in recent weeks. Weaker-than-expected private hiring, a sharp rise in U.S. crude oil...
Dow Jones
Why Millions of Investors Are Buying This One Vanguard ETF Instead of Chasing Hot Stocks
Why Millions of Investors Are Buying This One Vanguard ETF Instead of Chasing Hot Stocks As artificial intelligence stocks like AMD, Nvidia, and Palantir continue making headlines, many long-term investors are taking a completely different approach. Instead of trying to predict the next market winner, they’re putting money into one of Vanguard’s lowest-cost exchange-traded funds—the...
Business
Rocket Lab Wins $397 Million U.S. Space Force Deal to Build Next-Generation ‘Flatellites’ for Missile Tracking
Rocket Lab Wins $397 Million U.S. Space Force Deal to Build Next-Generation ‘Flatellites’ for Missile Tracking Rocket Lab has secured one of the biggest defense contracts in its history after winning a potential $397 million agreement from the U.S. Space Force to develop advanced “Flatellite” spacecraft designed to improve the military’s ability to detect, track,...
Business
CVS Health Raises Full-Year Outlook After Strong Earnings Beat and Eli Lilly Weight-Loss Drug Deal
CVS Health Raises Full-Year Outlook After Strong Earnings Beat and Eli Lilly Weight-Loss Drug Deal CVS Health surprised Wall Street with stronger-than-expected second-quarter results, boosted its full-year earnings guidance, and unveiled a strategic partnership with Eli Lilly that could strengthen its position in the fast-growing weight-loss drug market. The combination of improving insurance performance, solid...
Dow Jones
SpaceX Stock Slides Nearly 40% Before First Earnings Report as Investors Face a $225 Billion Make-or-Break Moment
SpaceX Stock Slides Nearly 40% Before First Earnings Report as Investors Face a $225 Billion Make-or-Break Moment SpaceX is heading into its first-ever earnings report as a public company with investors already on edge. The stock has fallen sharply from its post-IPO peak, valuation concerns are intensifying, and the market is preparing for potentially extreme...
Commodities
Trump Gives Iran a “Last Chance” as Hormuz Deal Moves Closer — But Tehran Wants Control of the Vital Oil Route
Trump Gives Iran a “Last Chance” as Hormuz Deal Moves Closer — But Tehran Wants Control of the Vital Oil Route President Donald Trump is warning Iran that time is running out for a deal as diplomatic efforts intensify over the Strait of Hormuz, one of the world’s most important energy chokepoints. Iran and Oman...
Business
Dow Surges Nearly 800 Points as Hormuz Deal Hopes Collide With Iran Denial and SpaceX Earnings
Dow Surges Nearly 800 Points as Hormuz Deal Hopes Collide With Iran Denial and SpaceX Earnings Wall Street is racing higher as investors digest two powerful catalysts at once: renewed hopes that the Strait of Hormuz could reopen and a blockbuster earnings reaction from Palantir, while SpaceX prepares to deliver its first earnings report as...