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Stories and analysis from The Business Now newsroom.
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...
Business
July 5 Economic Calendar 2026: Jobs, Inflation and ISM Services Could Shake Markets
July 5 Economic Calendar 2026: Jobs, Inflation and ISM Services Could Shake Markets The July 5 economic calendar brings a concentrated run of European and U.S. economic data, with services activity, producer prices, private-sector employment and U.S. oil inventories all scheduled to hit the market. Traders will be watching the data closely for potential signals...
Commodities
Iran Considers European Role in Strait of Hormuz—What It Means for Global Oil Prices
Iran Considers European Role in Strait of Hormuz — What It Means for Global Oil Prices Iran is weighing a possible European role in efforts to restore shipping through the Strait of Hormuz, adding another layer to increasingly complex negotiations over the strategic oil chokepoint. Any arrangement that gives European countries a role in securing...
Business
Marco Rubio Says No Final Decision on Strait of Hormuz Yet — What It Means for Global Oil Markets
Marco Rubio Says No Final Decision on Strait of Hormuz Yet — What It Means for Global Oil Markets U.S. Secretary of State Marco Rubio says negotiations over the Strait of Hormuz are making progress, but no final agreement has been reached yet. The uncertainty is keeping global oil markets on edge, even as crude...
Economy
U.S. Job Openings Fall Below Forecast as Labor Market Cools — What It Means for the Fed and Stock Market
U.S. Job Openings Fall Below Forecast as Labor Market Cools — What It Means for the Fed and Stock Market U.S. job openings fell more than expected in June, sending a fresh signal that labor-market demand is cooling even as hiring remains relatively resilient. The latest data could become an important piece of the Federal...