Business News - The Last 24 Hours

Student loan borrowers may be left with 'no affordable options' under Trump plan changes, advocate says
CNBC - 1 hour 19 min ago
The Trump administration's overhaul of the federal student loan system may leave borrowers without an affordable option to repay their loans, advocates say.

BBC - Patience thins among MAGA loyalists for Trump to meet demands on Epstein - 2 hours 3 min ago

Deutsche Welle - US: Trump revokes funds for California's high-speed rail - 7 hours 36 min ago

Reuters - Trump rescinds $4 billion in US funding for California High-Speed Rail project - Reuters - 8 hours 23 min ago

FOX Business - Trump admin pulls plug on $4B for California's 'train to nowhere' project - 9 hours 4 sec ago

CNBC - Jim Cramer says firing Fed Chair Powell can only hurt Trump - 12 hours 35 min ago

Bloomberg - Hassett Grabs Pole Position in Race to Be Trump’s New Fed Chair - Bloomberg.com - 20 hours 31 min ago

COMMENTARY:

The Guardian - First Thing: Trump calls Epstein rumors a ‘radical left’ hoax and condemns Maga ‘weaklings’ - 50 min 23 sec ago

BusinessInsider - American students are applying for British universities in record numbers after Trump's college crackdown - 56 min 13 sec ago

New York Times - They Grew Up on Mexican Coke. Trump’s Cane Sugar Plan Makes Them Uneasy. - 56 min 24 sec ago

The Independent - Trump faces backlash from own supporters as poll reveals anger over Epstein files - 1 hour 4 min ago

Indiatimes - Trump faces backlash as 69% believe Epstein details concealed - 1 hour 10 min ago

Russia Today - NATO state urges Trump to sanction Russia immediately - 3 hours 13 min ago

Sydney Morning Herald - Trump lashes out over Epstein files - 4 hours 34 min ago

The Straits Times - Markets rattled by ‘credible threat’ of Trump trying to fire Fed chief Powell - 11 hours 46 min ago

SCMP - Trump says Beijing making ‘big steps’ in controlling fentanyl - 14 hours 45 min ago

New York Post - Trump fortune could get nearly $100M boost as restriction to sell his meme coins are lifted: report - 17 hours 54 min ago

Grocery chain CEO and real estate titan warn socialist mayoral frontrunner could 'destroy' New York
FOX Business - 1 hour 33 min ago
Two of New York's most notable names in the business world express concerns over Zohran Mamdani's socialist proposals completely changing NYC's economic landscape.

COMMENTARY:

Indiatimes - Perplexity CEO Aravind Srinivas warns tech founders: ‘Big Tech will copy anything that’s good’ - 1 hour 45 min ago

BusinessInsider - Robinhood CEO says the majority of the company's new code is written by AI, with 'close to 100%' adoption from engineers - 1 hour 46 min ago

The Straits Times - Scale AI to cut 14% of staff after Meta investment, CEO departure - 12 hours 17 min ago

The Guardian - Diageo CEO steps down after drink firm’s lacklustre performance - 23 hours 6 min ago

How The Largest Black Hole Merger In History Challenges Its Physics
NDTV - 2 hours 5 min ago
Astronomers have detected the largest black hole merger ever, and it has challenged their understanding of such formations.

RELATED:

Reuters - Breakingviews - Meta’s buy-and-build AI merger lacks synergy - Reuters - 17 hours 49 min ago

UK's Unemployment Rate Rises To Nearly A Four-Year High
NDTV - 2 hours 8 min ago
Britain's unemployment rate climbed to 4.7 percent in the three months to the end of May, the highest level since June 2021. That compared with 4.6 percent in the February-April period.

COMMENTARY:

The Guardian - The rise in unemployment shows the UK jobs market is cooling, but it is not collapsing - 2 hours 7 min ago

SCMP - Hong Kong’s unemployment rate remains at 30-month high of 3.5% - 2 hours 27 min ago

Olga Kharlan: Ukraine's most successful Olympian worries for fencing's Olympic future
Deutsche Welle - 2 hours 22 min ago
Six-time Olympic medalist Olga Kharlan has hit out at recent decisions on Russian fencers, telling DW that she will "never shake hands with them."

RELATED:

Reuters - Trump promised Patriots for Ukraine. Now Europe has to provide them - Reuters - 13 hours 46 min ago

NDTV - Ukraine's Wartime Reshuffle: What We Know - 16 hours 28 min ago

Deutsche Welle - Did 'Agent Melania' change Donald Trump's mind on Ukraine? - 20 hours 1 min ago

COMMENTARY:

The Independent - What are Patriot missiles and why does Ukraine need them? - 59 min 24 sec ago

Indiatimes - President Zelenskyy shakes up Ukrainian Cabinet, appointing new prime minister to reinvigorate war effort - 2 hours 16 min ago

BusinessInsider - Inside the horrifying business of returning Ukraine's dead soldiers - 3 hours 21 min ago

The Guardian - Preparations to deliver Patriot missile systems to Ukraine under way, Nato’s top Europe commander says – Europe live - 3 hours 45 min ago

Russia Today - Trump arms Ukraine. Russia doesn’t care - 17 hours 41 min ago

Walmart Cuts Hundreds Of Store-Support, Training Jobs To Simplify Structure
NDTV - 2 hours 25 min ago
The company is eliminating the market coordinator job that supports some managers, according to a memo viewed by Bloomberg News.

COMMENTARY:

The Guardian - Rise in UK unemployment and slowing wage growth add new pressure for interest rate cut - 5 hours 1 min ago

Indiatimes - Walmart layoffs 2025: US retail giant is cutting hundreds of store-support roles - 9 hours 54 min ago

US Markets Rattled Amid Trump's Firing Federal Chief Confusion
NDTV - 3 hours 7 min ago
President Donald Trump sent the US stock market on a jagged round trip Wednesday after saying he had "talked about the concept of firing" the head of the Federal Reserve.

RELATED:

FOX Business - Trump asks House Republicans if he should fire Fed Chair Jerome Powell, sources say - 19 hours 24 min ago

COMMENTARY:

The Guardian - Trump privately indicates he may soon fire Fed chair Jerome Powell - 18 hours 45 min ago

BusinessInsider - Markets swing after Trump backs away from reports that he's ready to fire Fed Chair Powell - 19 hours 21 min ago

Indiatimes - Trump will likely fire Fed's Jerome Powell soon: Report - 20 hours 3 min ago

CNBC's Inside India newsletter: Musk’s India relationship moves beyond talk — but will it blossom?
CNBC - 4 hours 4 min ago
Musk has talked about India for years. This time, the groundwork is finally being laid. The next few months will show if this is the start of something lasting.

RELATED:

BBC - Sloppy England beaten by India in first ODI - 15 hours 37 min ago

NDTV - How Can India Resolve Its Stray Dog Crisis? Lessons From Netherlands - 20 hours 39 min ago

COMMENTARY:

Indiatimes - India needs to offer tax incentives, push health startups to make country global medical hub: Report - 53 min 14 sec ago

The Hindu - India can secure oil even if Russian imports sanctioned, says Oil Minister Puri - 3 hours 45 min ago

Sweden's Volvo Cars switches gears in the U.S. as tariffs bite
CNBC - 4 hours 37 min ago
Volvo Cars is widely considered to be one of the most exposed European carmakers to U.S. tariffs.

RELATED:

NDTV - Trump Reaps $50 Billion As World "Chickens Out" On Tariff Retaliation - 5 hours 14 min ago

BBC - Canada curbs steel imports to shield domestic industry from Trump tariffs - 16 hours 18 min ago

FOX Business - From bourbon to Bordeaux: Trump's tariffs spill into global booze markets - 16 hours 32 min ago

CNBC - Expect tariff 'cascade' effect across slowing global economy, top UN official warns - 16 hours 47 min ago

COMMENTARY:

Russia Today - Trump to warn more than 150 nations of new tariffs - 1 hour 5 min ago

The Independent - Trump tariffs hit peaches as Greece fears dent in demand - 1 hour 25 min ago

The Guardian - Jaguar Land Rover axes 500 UK jobs after Trump tariff fallout dents sales - 2 hours 49 min ago

Indiatimes - India seeks lower tariff than Indonesia in race for deal with US - 7 hours 2 min ago

The Straits Times - Singapore key exports surprise with 13% rebound in June amid tariff uncertainty - 10 hours 59 min ago

New York Post - Billionaire GOP donor Ken Langone reverses course on Trump — just months after calling tariffs ‘bulls–t’ - 15 hours 5 min ago

New York Times - The Economy Seems Healthy. Were the Warnings About Tariffs Overblown? - 19 hours 22 min ago

China's premier urges tighter price oversight as deflation pressures squeeze economy
CNBC - 5 hours 11 min ago
Chinese Premier Li Qiang has called for tighter pricing regulation in the electric car sector as Beijing sought to rein in the cut-throat industrial price wars.

RELATED:

CGTN - Unexpected resilience and further economic transformation of China - 23 hours 22 min ago

COMMENTARY:

SCMP - China’s corruption busters target science sector in research funds crackdown - 5 hours 33 min ago

New York Times - ‘Who Killed Love?’ A Video Game Plays to Male Resentment in China. - 7 hours 34 min ago

The Guardian - Australia news live: Albanese in Chengdu for last leg of China visit; German backpacker leaves hospital after outback ordeal - 14 hours 46 min ago

TSMC's second-quarter profit soars nearly 61%, beating estimates as AI chip demand stays strong
CNBC - 5 hours 40 min ago
Taiwan Semiconductor Manufacturing Company reported a near 61% year-on-year rise in second-quarter profit on strong AI chips demand.

RELATED:

Bloomberg - TSMC Profit Surges Again After AI Drives Big Jump in Sales - Bloomberg - 5 hours 59 min ago

COMMENTARY:

The Straits Times - TSMC raises 2025 outlook in big boost for AI demand hopes - 2 hours 44 min ago

Indiatimes - TSMC reports record profits as AI boom fuels chip demand; Stock expected to open at all-time high - 2 hours 50 min ago

In US Trade Deal Race, India Seeks Lower Tariff Than Indonesia: Report
NDTV - 6 hours 51 min ago
Indian officials are hoping to secure a trade deal with US President Donald Trump at a lower tariff rate than he'd agreed with Indonesia as New Delhi races to meet an August 1 deadline.

RELATED:

NDTV - "Going To Have Access To India": Trump's Big Hint On Trade Deal - 20 hours 36 min ago

COMMENTARY:

Indiatimes - Trade deal cliffhanger keeps businesses on edge - 3 hours 28 min ago

Japan’s exports fall for second straight month with no U.S. trade deal in sight, raising recession fears
CNBC - 11 hours 23 min ago
The decrease in exports was a reversal of the 0.5% rise expected by economists polled by Reuters, and comes amid a lack of a breakthrough in trade talks with the U.S.

OpenAI lists Google as cloud partner amid growing demand for computing capacity - Reuters
Reuters - 12 hours 24 min ago
OpenAI lists Google as cloud partner amid growing demand for computing capacity Reuters

RELATED:

CNBC - OpenAI says it will use Google's cloud for ChatGPT - 15 hours 51 min ago

COMMENTARY:

Indiatimes - ‘Just ridiculous,’ says Google Brain founder on hype about AI taking away all jobs, shares tips how anyone can become powerful - 1 hour 24 min ago

BusinessInsider - Perplexity's CEO takes a shot at Google's AI dilemma: 'They need to embrace one path and suffer' - 2 hours 57 min ago

The Hindu - OpenAI lists Google as cloud partner amid growing demand for computing capacity - 6 hours 37 min ago

Coinbase steps into consumer market with stablecoin-powered 'everything app' that goes beyond trading
CNBC - 12 hours 33 min ago
Coinbase is looking to reach a new subset of consumers who aren't necessarily interested in buying or trading crypto, the company's core business.

COMMENTARY:

Indiatimes - Kumar Chander to take over as CEO of Consumer Care and Lighting, current MD Vineet Agrawal to retire next year - 2 hours 48 sec ago

What happens if Trump fires Fed Chair Powell: 'This would be a mess,' analysts warn
CNBC - 13 hours 13 min ago
Former deputy Treasury Secretary Roger Altman said he did not think Jerome Powell would agree to leave if the president asked him to.

COMMENTARY:

New York Times - Trump Has Penned Letter To Fire Fed Chair Jerome Powell - 18 hours 51 min ago

New York Post - President Trump told top GOP lawmakers he will likely fire Fed Chair Jerome Powell: sources - 19 hours 35 min ago

Ex-UK National Crime Agency officer jailed for stealing bitcoin from dark web drug dealer - Reuters
Reuters - 13 hours 27 min ago
Ex-UK National Crime Agency officer jailed for stealing bitcoin from dark web drug dealer Reuters

COMMENTARY:

Indiatimes - Crisis-driven rally? Bitcoin and Gold soar as inflation looms and political heat rises - 15 hours 11 min ago

The Guardian - National Crime Agency officer jailed for stealing £4.4m worth of seized bitcoin - 16 hours 17 min ago

More than 67,000 cases of deodorant sold at Walmart, Dollar Tree and on Amazon recalled
FOX Business - 13 hours 37 min ago
A recall is underway for tens of thousands of cases of Power Stick antiperspirant deodorant, according to the Food and Drug Administration.

COMMENTARY:

New York Post - More than 67,000 cases of deodorant sold at Walmart, Dollar Tree and on Amazon recalled - 1 hour 50 min ago

BusinessInsider - The ex-Amazon employee who's helped nearly 4,000 laid-off workers score jobs - 2 hours 17 min ago

United Airlines issues new 2025 forecast as CEO says 'world is less uncertain'
CNBC - 15 hours 10 min ago
United Airlines is the second of the major U.S. carriers to report results.

RELATED:

NDTV - Britain Ends 5-Year Ban On Pakistani Airlines - 23 hours 49 min ago

COMMENTARY:

New York Post - United Airlines warns profit still suffering from Newark chaos — but travel demand picking up - 11 hours 54 min ago

The Independent - Passengers reach settlement in $1 billion lawsuit over Alaska Airlines flight where door plug blew out at 16,000 feet - 17 hours 16 min ago

BusinessInsider - I booked basic economy flights with Delta and Alaska Airlines. One was clearly better for coach passengers. - 23 hours 46 min ago

Passengers settle massive lawsuit with Alaska Airlines and Boeing after midflight door plug failure
FOX Business - 15 hours 54 min ago
Alaska Airlines and Boeing reached an undisclosed settlement with passengers who sued for emotional and physical injuries after a door plug incident on a January 2024 flight.

MoD offered to speed up resettlement case of Afghan who posted data breach names on Facebook
BBC - 16 hours 46 min ago
The BBC understands the individual, an Afghan national, is now living in the UK.

COMMENTARY:

Indiatimes - From Chicago, with love: American woman weds Pakistani villager after Facebook romance - 1 hour 35 min ago

Goldman Sachs tops estimates as traders generate $840 million more revenue than expected
CNBC - 19 hours 44 min ago
Trading desks across Wall Street have benefited as President Donald Trump's tariff policies have roiled markets for bonds, currencies, commodities and stocks.

COMMENTARY:

BusinessInsider - Goldman's CEO is finding his groove after years of challenges. Here are 4 reasons David Solomon is optimistic. - 16 hours 37 min ago

Indiatimes - US stock market today: Dow surges 742 points, S&P 500 and Nasdaq Slip; Nvidia, Goldman Sachs, J&J power Wall Street rally - 20 hours 28 min ago

New York Times - Goldman Sachs Sets Series of Records on Tariff Swings - 21 hours 44 min ago

New York Post - Goldman Sachs posts $3.72B profit as bank’s traders cash in - 23 hours 21 min ago

Microsoft, US National Lab To Use AI To Speed Up Nuclear Plant Licensing
NDTV - 21 hours 10 min ago
Microsoft and a US national laboratory on Wednesday said they are partnering to examine how artificial intelligence could be used to speed up the process of compiling the documents needed to secure permits for new nuclear power plants.

COMMENTARY:

BusinessInsider - I'm the ex-VP of HR at Microsoft. The tech job market feels bleak, but here are 3 reasons not to panic. - 2 hours 27 min ago

Faisal Islam: Inflation complicates next month's interest rate decision
BBC - 21 hours 52 min ago
Higher inflation could give the Bank of England pause for thought over cutting interest rates.

COMMENTARY:

AllAfrica - Nigeria: Nigeria's Inflation Eases Again to 22.22 - 6 hours 20 min ago

Indiatimes - 10 States, UTs outpace national inflation in Q1 - 16 hours 48 min ago

Co-op boss confirms all 6.5 million members had data stolen in cyber-attack
BBC - 22 hours 23 min ago
In her first interview since the attack, Co-op's chief executive said she was "incredibly sorry" to customers.

COMMENTARY:

Indiatimes - How AI agent Big Sleep became Google’s secret cyber watchdog - 22 hours 5 min ago

The Guardian - Co-op boss admits all 6.5m members had data stolen in cyber-attack - 23 hours 26 min ago

Disney's fastest thrill ride returns with exciting new look that has passholders racing for spots
FOX Business - 23 hours 33 min ago
Walt Disney World's Test Track reopens after refurbishment, with annual passholders getting first access for the attraction that reaches speeds of 65 mph.

COMMENTARY:

SCMP - Disney sues Hong Kong jewellery shop over Mickey trademark infringement claims - 2 hours 58 min ago