Business- Page 28

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

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 profits jumping 43 percent on strong truck and SUV demand. Adjusted EBIT of $3.9 billion exceeded

July 21, 2026

by Economy Desk

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 Tire for $700 million in cash, the Wall Street Journal reported, combining two of the largest independent vehicle service networks in the United States

July 21, 2026

by Economy Desk

Novo Nordisk headquarters and GLP-1 drug packaging amid federal lawsuit against Eli Lilly

Novo Nordisk Files Federal Lawsuit Against Eli Lilly Over GLP-1 Drug Advertising

Novo Nordisk filed a federal Lanham Act lawsuit against Eli Lilly on Monday, accusing Zepbound's maker

JPMorgan Chase CEO Jamie Dimon at earnings call warning markets are underestimating geopolitical risks

Jamie Dimon Says He Won’t Buy Stocks or Bonds as JPMorgan Posts Record Profits

Jamie Dimon said Monday he would not buy stocks or US Treasury bonds at current levels,

Federal Reserve Chair Kevin Warsh speaks at the ECB Forum on Central Banking in Sintra, Portugal, July 1, 2026

Warsh Makes His Global Debut at Sintra, Declines to Signal July, and Buries Forward Guidance Alongside Lagarde and Bailey

Kevin Warsh made his first appearance on the global stage as Federal Reserve Chair at the ECB's Sintra forum on Wednesday, declining to hint at a July rate move while joining Christine

July 1, 2026

Business·Economy·News

Boeing 737 MAX aircraft on the assembly line at the Renton, Washington factory during Q2 2026 production

Boeing IT Outage Shut Down Factories Coast to Coast on the Last Day of Q2

A company-wide IT failure knocked Boeing's computer systems offline on June 30 — the final day of its second quarter — halting inspections, paperwork, and deliveries across 737 and 787 factories from

July 1, 2026

Business·News·Technology

European Central Bank headquarters in Frankfurt as eurozone inflation falls to 2.8% in June 2026

Euro Area Inflation Falls to 2.8% in June, Led by Energy. The ECB Raised Rates Three Weeks Ago Because of Energy.

Eurozone inflation fell to 2.8% in June 2026, well below the 3.2% reading in May and under analyst expectations, as energy prices retreated sharply. The data all but removes a July ECB

July 1, 2026

Business·Economy·News

Getty Images and Shutterstock logos as merger collapses after UK CMA divestiture demand

Getty Images Abandons $3.7 Billion Shutterstock Merger After UK Regulator Demands Divestiture of Rex Features and Backgrid

Getty Images is walking away from its $3.7 billion merger with Shutterstock after the UK Competition and Markets Authority demanded the full divestiture of Shutterstock's editorial business, including Rex Features, Splash News,

July 1, 2026

Business·News

Nike CEO Elliott Hill — Q4 2026 earnings beat on $986 million tariff refund, China fell 17%

Nike Q4 Profit Beat Was Powered by a $986 Million Tariff Refund. China Fell 17%.

Nike reported fiscal Q4 EPS of $0.35, beating the $0.28 estimate, but most of the margin expansion came from a $986 million tariff refund. Greater China revenue fell 17%, CEO Elliott Hill

July 1, 2026

Business·Markets·News

SEC headquarters Washington DC — Paul Atkins opens ETF rule review covering crypto and prediction market funds 2026

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 1, 2026

Business·Crypto·Markets·News

Worsley Alumina refinery, Western Australia — acquired by Alcoa from South32 in $4.1 billion deal 2026

Alcoa Buys South32’s Aluminum Assets for $4.1 Billion. South32’s New CEO Is Betting on Copper.

Alcoa has agreed to buy most of South32's aluminum assets for $4.1 billion in cash and stock, plus up to $750 million in contingent payments tied to commodity prices. South32's new CEO

July 1, 2026

Business·Markets·News

Bitcoin price chart showing 21-month low of $57,742 in July 2026

Bitcoin Hits 21-Month Low as Strategy’s First Sale Shatters the Market’s Last Guarantee and Fed Rate Fears Drain ETFs

Bitcoin fell to $57,742 on Wednesday — its lowest level since September 2024 — after Strategy Inc. disclosed its first Bitcoin sale in years, erasing the market's most important psychological guarantee while

July 1, 2026

Business·Crypto·News

Indian rupee currency traders monitor screens as Iran strikes rattle bond markets June 2026

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

The Indian rupee was on track for its first monthly gain since February, then Iran struck U.S. military sites in Kuwait and Bahrain. Now traders are navigating a collision between a domestic

June 29, 2026

Business·Economy·News

Comcast to Spin Off NBCUniversal and Sky as Shares Surge 25% in Best Day Since 2015

Twenty-four years after Brian Roberts assembled NBCUniversal, Sky, and Peacock under one cable company, Comcast announced it is separating the media assets into a new public company — and shares surged 24%,

June 29, 2026

Business·Entertainment·News·Television

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Business- Page 28

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

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

Novo Nordisk Files Federal Lawsuit Against Eli Lilly Over GLP-1 Drug Advertising

Jamie Dimon Says He Won’t Buy Stocks or Bonds as JPMorgan Posts Record Profits

Warsh Makes His Global Debut at Sintra, Declines to Signal July, and Buries Forward Guidance Alongside Lagarde and Bailey

Boeing IT Outage Shut Down Factories Coast to Coast on the Last Day of Q2

Euro Area Inflation Falls to 2.8% in June, Led by Energy. The ECB Raised Rates Three Weeks Ago Because of Energy.

Getty Images Abandons $3.7 Billion Shutterstock Merger After UK Regulator Demands Divestiture of Rex Features and Backgrid

Nike Q4 Profit Beat Was Powered by a $986 Million Tariff Refund. China Fell 17%.

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

Alcoa Buys South32’s Aluminum Assets for $4.1 Billion. South32’s New CEO Is Betting on Copper.

Bitcoin Hits 21-Month Low as Strategy’s First Sale Shatters the Market’s Last Guarantee and Fed Rate Fears Drain ETFs

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

Comcast to Spin Off NBCUniversal and Sky as Shares Surge 25% in Best Day Since 2015

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

Latest Posts

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

Abderrahim Fakir Dies Under Police Restraint in Bologna as Italy Erupts in Protest

Pan Am Clipper Endeavor Found After 74 Years on Atlantic Floor Off Puerto Rico

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

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