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Stories and analysis from The Business Now newsroom.
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...
Business
Palantir Stock Explodes 20% After Blockbuster Earnings as AI Demand Sends Revenue Soaring
Palantir Stock Explodes 20% After Blockbuster Earnings as AI Demand Sends Revenue Soaring Palantir Technologies (NASDAQ: PLTR) is once again at the center of the AI stock frenzy after a blockbuster earnings report sent shares sharply higher, with investors rushing to reassess the company’s growth story. The latest surge comes as Palantir continues to post...
Commodities
Iran War Tragedy Puts Pete Hegseth Under Growing Pressure as GOP Confidence in Defense Chief Erodes
Iran War Tragedy Puts Pete Hegseth Under Growing Pressure as GOP Confidence in Defense Chief Erodes Defense Secretary Pete Hegseth is facing mounting political pressure as the U.S. war with Iran continues, with concerns over the conflict’s duration, military leadership decisions and civilian casualties increasingly putting his Pentagon leadership under scrutiny. The latest controversy comes...
Business
ExxonMobil Stock Is Surging — But Is XOM Still a Buy After Its Massive Run?
ExxonMobil Stock Is Surging — But Is XOM Still a Buy After Its Massive Run? ExxonMobil (NYSE: XOM) has become one of Wall Street’s biggest energy stories after a powerful run in 2026, with investors watching the oil giant closely ahead of its latest earnings report. The stock story is especially interesting because XOM combines...
Business
Apple Earnings Shock: Profit Jumps 27% as iPhone Sales Crush Expectations — But Tim Cook’s Final Call Raises a Bigger Question
Apple Earnings Shock: Profit Jumps 27% as iPhone Sales Crush Expectations — But Tim Cook’s Final Call Raises a Bigger Question Apple has delivered another powerful earnings performance, with fiscal third-quarter 2026 profit rising 27% as strong iPhone demand helped the world’s most valuable public company beat Wall Street expectations. The results arrive at a...
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...
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...