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Business news today and breaking business updates with sharp market moves, earnings, deals, policy shifts, and clear analysis that respects your time.

Disney Hollywood Studios featuring Pixar branding as the animation studio faces hundreds of job cuts in 2026

Disney Cuts Hundreds of Jobs at Pixar and ESPN in Third Layoff Round of 2026

Walt Disney Co. is cutting several hundred jobs at Pixar, ESPN, and National Geographic in its third round of layoffs in 2026. Pixar bears the brunt as the studio shifts to a

July 21, 2026

by Economy Desk

Tesla electric vehicle representing Q2 earnings and AI cash burn story

Tesla Q2 Earnings Face Cash Burn Test as AI Spending Devours Free Cash Flow

Tesla is set to report Q2 2026 earnings with more than $25 billion in AI spending and negative free cash flow expected all year. Investors are demanding FSD milestones, Optimus production data, and energy division growth to validate Elon Musk's

July 21, 2026

by Technology Desk

Chevrolet truck on the road representing General Motors North American vehicle sales

General Motors Beats Q2 Earnings, North America Profits Jump 43 Percent

General Motors reported Q2 revenue of $48 billion and raised full-year guidance Tuesday, with North American

Pep Boys auto service bays Carl Icahn Mavis Discount Tire acquisition

Carl Icahn Sells Pep Boys to Mavis Discount Tire for $700 Million

Carl Icahn's Icahn Enterprises has agreed to sell the Pep Boys auto-service chain to Mavis Discount

A two-story commercial hen house at Seldom Rest Farms in Pennsylvania that raises laying hens for egg production

Egg Giants Settle Price-Fixing Probe as Bird Flu Threatens a Repeat

Cal-Maine Foods, Versova and Hickman's Egg Ranch will pay $3.3 million and donate 53 million eggs to settle DOJ and state allegations that they rigged the price index behind America's record egg

July 2, 2026

Business·News

A customer walks out of a Giant Eagle grocery store, the chain Kroger is acquiring for 1.65 billion dollars

Kroger to Buy Giant Eagle for $1.65 Billion in First Deal Since Albertsons Collapse

Kroger agreed to buy Pittsburgh's Giant Eagle for $1.65 billion, its first major acquisition since regulators blocked the $25 billion Albertsons merger. Investors sent Kroger shares down nearly 3% on doubts about

July 2, 2026

Business·Markets·News

AOL homepage shown on a computer screen in a 2006 file photo, AOL is now owned by Bending Spoons

Bending Spoons, Owner of AOL and Vimeo, Surges 40% in Nasdaq Trading Debut

Bending Spoons, the Milan company that buys and revives fading internet brands like AOL and Vimeo, priced above range and surged nearly 40% in its Nasdaq debut. The listing reopened a software

July 2, 2026

Business·Markets·News

Paramount Skydance CEO David Ellison, whose company is exiting the UIP venture to secure EU approval for its Warner Bros. Discovery merger

Paramount Exits Universal Venture to Win EU Approval for Warner Merger

Paramount is exiting its United International Pictures venture with Universal to satisfy EU antitrust regulators reviewing its $111 billion Warner Bros. Discovery takeover, the clearest sign yet of how many separate approvals

July 2, 2026

Business·Entertainment·News

The IRS will take public comments on proposed regulations capping gambling loss deductions at 90 percent of winnings

IRS Sets July Hearing on Gambling Tax Rule That Bettors Call ‘Phantom Income’

The IRS will hold a July 17 hearing on rules capping gambling loss deductions at 90 percent, a change that can tax bettors on money they never actually won. Casino executives and

July 2, 2026

Business·Government and Politics·News

Johann Kerbrat, senior vice president and general manager of Crypto and International at Robinhood

Robinhood Launches Its Own Blockchain, With an AI Trading Agent Attached

Robinhood Chain went live Wednesday, bundling an AI trading agent, an uninsured 7 percent yield product, and tokenized stocks in 120-plus countries into one launch. Regulators have not yet weighed in on

July 2, 2026

Business·Crypto·News

Auto assembly line in northern Mexico with vehicle bodies on conveyor as USMCA trade rules remain in force

Trump Declines to Renew USMCA, Opening a Decade of Trade Uncertainty for North America

The Trump administration refused to extend the United States-Mexico-Canada Agreement on July 1, the treaty's mandatory review date, triggering a cycle of annual negotiations that could stretch a decade and cloud North

July 2, 2026

Business·Economy·Government and Politics·News

An official Reserve Bank of India ceremony marking the central bank's 90th year

Iran’s Weekend Strikes Put India’s First Rupee Gain Since February on the Line

The rupee closed Thursday at 94.3950 per dollar, on course for its first monthly gain since February. Then Iran struck US military sites in Kuwait and Bahrain over the weekend, oil risk

July 2, 2026

Business·Economy·News

The trading floor of the New York Stock Exchange, where exchange-traded funds are listed and traded

SEC Mulls New ETF Rules as a $16 Trillion Boom Outgrows the Regulatory Playbook

The SEC has opened a 60-day public comment period on a potential overhaul of its ETF rules — the first major review since 2019 — covering crypto funds, prediction-market ETFs, high-leverage products,

July 2, 2026

Business·Crypto·Markets·News

Owens Corning TruDefinition Duration asphalt roofing shingles installed on a residential roof

Carlisle Made Multiple Unsolicited Bids for Owens Corning. Owens Corning Isn’t Interested.

Carlisle Companies made more than one unsolicited cash-and-stock offer to acquire Owens Corning in a deal that would exceed $10 billion. Owens Corning's stock surged 14% on the news. Carlisle's fell 5%.

July 2, 2026

Business·Markets·News

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Business- Page 27

Disney Cuts Hundreds of Jobs at Pixar and ESPN in Third Layoff Round of 2026

Tesla Q2 Earnings Face Cash Burn Test as AI Spending Devours Free Cash Flow

General Motors Beats Q2 Earnings, North America Profits Jump 43 Percent

Carl Icahn Sells Pep Boys to Mavis Discount Tire for $700 Million

Egg Giants Settle Price-Fixing Probe as Bird Flu Threatens a Repeat

Kroger to Buy Giant Eagle for $1.65 Billion in First Deal Since Albertsons Collapse

Bending Spoons, Owner of AOL and Vimeo, Surges 40% in Nasdaq Trading Debut

Paramount Exits Universal Venture to Win EU Approval for Warner Merger

IRS Sets July Hearing on Gambling Tax Rule That Bettors Call ‘Phantom Income’

Robinhood Launches Its Own Blockchain, With an AI Trading Agent Attached

Trump Declines to Renew USMCA, Opening a Decade of Trade Uncertainty for North America

Iran’s Weekend Strikes Put India’s First Rupee Gain Since February on the Line

SEC Mulls New ETF Rules as a $16 Trillion Boom Outgrows the Regulatory Playbook

Carlisle Made Multiple Unsolicited Bids for Owens Corning. Owens Corning Isn’t Interested.

Radical Islam is being appreciated by Indian authorities too

Bangladesh; India’s Biggest Ally or China’s Dragon Nest?

Ahmadis in Bangladesh face fresh threat of persecution

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