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Stories and analysis from The Business Now newsroom.
Global
U.S. Military Launches Second Wave of Strikes Against Iran: Strait of Hormuz Tensions Escalate
U.S. Military Launches Second Wave of Strikes Against Iran, Escalating Middle East Conflict U.S. Military Launches Second Wave of Strikes Against Iran, marking a significant escalation in tensions between Washington and Tehran. According to reports, the latest military operation targeted Iranian military capabilities allegedly used to threaten commercial and naval vessels transiting the Strait of...
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...
News
England vs Argentina: FIFA World Cup 2026 Semi-Final Preview, Team News, Prediction & Road to the Final
England vs Argentina: FIFA World Cup 2026 Semi-Final Sets Up a Blockbuster Clash England vs Argentina is one of the most anticipated matches of the FIFA World Cup 2026, with two football giants battling for a place in the final against Spain. The semi-final, taking place at Atlanta Stadium, renews one of international football’s greatest...
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...
News
Steve Yzerman Steps Down as Detroit Red Wings GM After Seven Seasons
Steve Yzerman Steps Down as Detroit Red Wings GM After Seven Seasons Steve Yzerman has stepped down as General Manager and Executive Vice President of the Detroit Red Wings, bringing an end to one of the most closely watched rebuilding projects in the NHL. The Hockey Hall of Famer will remain with the organization as...
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...
Business
Economic Calendar Today (July 16, 2026): US Retail Sales, UK GDP, Unemployment Claims & FOMC Speeches in Focus
Economic Calendar Today (July 16, 2026): US Retail Sales, UK GDP & Fed Speakers Take Center Stage Economic Calendar Today for July 16, 2026, features several high-impact economic events that could influence the US dollar, stock markets, forex, gold prices, and bond yields. Investors will closely monitor US Retail Sales, Core Retail Sales, UK GDP,...
Business
BlackRock Assets Under Management Hits $15 Trillion as Strong ETF Inflows Boost Q2 Earnings
BlackRock Assets Under Management Hits $15 Trillion as ETF Inflows Drive Record Growth BlackRock Assets Under Management has reached a historic milestone, crossing $15 trillion for the first time as the world’s largest asset manager reported strong second-quarter 2026 earnings. Powered by record ETF inflows, higher client investments, and robust earnings growth, BlackRock Assets Under...
Economy
US Gulf Coast Gasoline Stocks Hit Multi-Year Low: What It Means for Fuel Prices, Oil Markets, and Inflation
US Gulf Coast Gasoline Stocks Hit Multi-Year Low: What It Means for Fuel Prices, Oil Markets, and Inflation The US Gulf Coast gasoline stocks hit multi-year low, reaching their lowest level since September 2017, according to the latest data released by the U.S. Energy Information Administration (EIA). The sharp decline comes as global energy markets...