U.S. World Business Lifestyle
Today: July 16, 2026
Today: July 16, 2026

Economy

Business|Economy|Finance|Stock Markets|US

Wall Street banks enjoy record windfalls from prime brokerage business

Wall Street's prime brokerage engine is humming and delivering handsome gains for the largest U.S. banks. 

Wall Street banks enjoy record windfalls from prime brokerage business
Business|Economy|Finance|World

OECD says global minimum tax boosted revenue, not job losses

(Corrects date in the first sentence to Wednesday not Tuesday.)

OECD says global minimum tax boosted revenue, not job losses
Business|Economy|Finance|Technology|World

Busiest US container port sets cargo record in June

The Port of Los Angeles, the busiest U.S. container seaport, said on Wednesday it set a June cargo record as shippers ranging from retailers to data

Busiest US container port sets cargo record in June
Business|Economy|Finance|Stock Markets|US

Wall St ends higher on cool inflation data, strong earnings

Wall Street stocks gained ground on Wednesday as softening inflation data and a robust beginning of second-quarter earnings season put

Wall St ends higher on cool inflation data, strong earnings
Business|Economy|Technology|World

Airbus, Boeing fly parts on giant Antonov jet to ease supply snags

Airbus and Boeing have in recent weeks chartered one of the world's largest cargo planes to speed up shipments of aerostructures for some civil

Airbus, Boeing fly parts on giant Antonov jet to ease supply snags
Business|Economy|Finance|US|World

US Mint produces a $1 coin bearing Trump's face to help celebrate America’s 250th birthday

The U.S. Mint has started producing a new $1 coin featuring President Donald Trump to help celebrate America’s 250th birthday

US Mint produces a $1 coin bearing Trump's face to help celebrate America’s 250th birthday
Business|Economy|Finance|Stock Markets|US

United warns of nearly $6 billion fuel hit as oil-price surge weighs on outlook

United Airlines said on Wednesday it expected nearly $6 billion in additional fuel expense this year compared with what it estimated at the start of

United warns of nearly $6 billion fuel hit as oil-price surge weighs on outlook
Economy|Europe|Political|US|World

Concerns grow about tariffs in US sanctions bill on Russia

Potential tariffs in a U.S. bill imposing sanctions on Russia drew concern from Democratic lawmakers on Wednesday who said it

Concerns grow about tariffs in US sanctions bill on Russia
Asia|Business|Economy|Finance|Stock Markets|US|World

US stocks rise within 0.5% of their record, even as oil prices keep climbing

U.S. stocks ticked higher following strong profit reports from big companies

US stocks rise within 0.5% of their record, even as oil prices keep climbing
Business|Economy|Finance|World

Warren Buffett explains why his kids, not the Gates Foundation, will now give away all his fortune

Billionaire Warren Buffett says his decision to cut the Gates Foundation out of his charitable giving is more about believing his three kids are ready to handle giving away his entire fortune than it is about Bill Gates’ ties to convicted sex offender Jeffrey Epstein

Warren Buffett explains why his kids, not the Gates Foundation, will now give away all his fortune
Business|Economy|Travel

An empty middle seat is the latest perk United Airlines will offer on some flights

United Airlines is trying to attract flyers with another luxury: an empty middle seat

An empty middle seat is the latest perk United Airlines will offer on some flights
Arts|Business|Economy|Entertainment|Finance|Political|Technology

US agency to vote to end 39% local TV station ownership cap

The chair of the Federal Communications Commission said Wednesday the agency will vote to rescind the 85-year-old rule that bars broadcasters from

US agency to vote to end 39% local TV station ownership cap
Business|Economy|Political|Technology|World

Trump criticizes New York data center moratorium

U.S.

Trump criticizes New York data center moratorium
Business|Economy|Finance|Stock Markets|Technology

SpaceX shares slide below IPO price for the first time as blistering rally unravels

SpaceX shares dropped below their initial public offering price for the first time on Wednesday before closing just above that

SpaceX shares slide below IPO price for the first time as blistering rally unravels
Business|Economy|Finance|Political|World

Outgoing Trump watchdog faces Democrat fire over handling of consumer agency

Russell Vought, President Donald Trump's outgoing interim consumer finance watchdog, on Wednesday sparred with congressional Democrats over his

Outgoing Trump watchdog faces Democrat fire over handling of consumer agency
Business|Economy

Brazil government now expects 2026 inflation to be above central bank's target

Brazil's government raised its inflation forecast for this year to 5.1% on Wednesday from 4.5% projected in May, putting consumer prices above the central bank's target

Brazil government now expects 2026 inflation to be above central bank's target
Business|Economy|Technology

Amazon AWS executive and CEO advisor Dave Brown to leave after 19 years

Amazon veteran Dave Brown, a senior vice president in Amazon Web Services and member of the elite internal group advising CEO Andy Jassy, is

Amazon AWS executive and CEO advisor Dave Brown to leave after 19 years
Business|Economy|World

Economic activity rising and inflation easing slightly, Fed survey shows

Federal Reserve policymakers preparing for their next policy meeting in two weeks got a fresh snapshot on Wednesday of a broadly improving economy, with employment on

Economic activity rising and inflation easing slightly, Fed survey shows
Business|Economy|Europe|Technology|World

Uber nears €12.5bn deal to acquire Delivery Hero, FT reports

Uber is set to take over Delivery Hero in a deal valuing the German food delivery company at about €12.5 billion ($14.34 billion), the Financial Times reported on Wednesday.

Uber nears €12.5bn deal to acquire Delivery Hero, FT reports
Business|Economy|Finance

Fed chair Warsh sidesteps Senate questions on inflation, AI, contact with Trump

Federal Reserve Chair Kevin Warsh on Wednesday sought to evade a range of questions from senators on issues such as the impact of AI on inflation, what contacts he has had with President Donald Trump, and how the central bank will determine the persistence of inflation

Fed chair Warsh sidesteps Senate questions on inflation, AI, contact with Trump
Business|Economy|World

Some ships refusing US-military guided Hormuz transits after attacks, sources say

Shipping companies are avoiding using a U.S. military-guided transit scheme through the Strait of Hormuz after a wave of Iranian

Some ships refusing US-military guided Hormuz transits after attacks, sources say
Business|Economy|Environment|Finance|World

Chile's Codelco expects flat copper output in coming years, chairman says

Chile's state-run copper miner Codelco expects production in the coming years to stay similar to current levels, chairman Bernardo Fontaine said on

Chile's Codelco expects flat copper output in coming years, chairman says
Business|Economy|Political|US|World

US House panel unveils $95 billion plan to fund defense, parts of Trump's voter ID bill

A Republican-controlled committee in the U.S.

US House panel unveils $95 billion plan to fund defense, parts of Trump's voter ID bill
Business|Economy|Political|World

US says it issued sanctions to disrupt Iran's weapon procurement

The U.S government issued sanctions on Wednesday targeting individuals and entities that it said were a part of an international network helping Iran procure weapons.

US says it issued sanctions to disrupt Iran's weapon procurement
Business|Economy|Finance|Stock Markets|World

Wall Street banks point to resilient US consumer as loan growth picks up

Wall Street's largest banks struck a reassuring tone on U.S. consumer health, citing steady spending, rising loan balances and healthy credit quality that suggest

Wall Street banks point to resilient US consumer as loan growth picks up
Asia|Business|Economy|Finance|Stock Markets|US|World

Stocks rise after soft US inflation reading with Middle East in focus

MSCI's global equities index rose on Wednesday after a surprise drop in the U.S. inflation reading and a second day of strong

Stocks rise after soft US inflation reading with Middle East in focus
Business|Economy|Europe|Technology|World

EU accepts action plan by Elon Musk's X to become more transparent

The European Union, which fined Elon Musk's social media network X €120 million ($137.2 million) last year, said on Wednesday it had accepted an action plan by X to

EU accepts action plan by Elon Musk's X to become more transparent
Business|Economy|Technology

PayPal can push Stripe to dig deeper in its wallet

(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Karen Kwok NEW YORK, July 15 (Reuters Breakingviews) - Stripe's digital deal wallet is a little light.

PayPal can push Stripe to dig deeper in its wallet
Business|Economy|Finance|Political|Stock Markets|US|World

Oil prices make small gain on smaller US inventory draw

Oil prices rose slightly on Wednesday, reacting to stronger-than-expected inventory and largely shrugging off a new wave of U.S. attacks against Iranian military

Oil prices make small gain on smaller US inventory draw
Business|Economy|Finance|US

Fed's Cook says she is prepared to act soon if inflation does not begin to slow

U.S.

Fed's Cook says she is prepared to act soon if inflation does not begin to slow
Business|Crime|Economy|Political

Goldman counsel Ruemmler says she would have reported Epstein if she knew he abused women

Goldman Sachs senior counsel Kathryn Ruemmler told members of Congress in a closed-door hearing on Wednesday that if she had

Goldman counsel Ruemmler says she would have reported Epstein if she knew he abused women
Business|Economy|Political|World

France faces debt surge unless spending curbed, report says

France faces a sharp deterioration in its public finances over the rest of the decade unless policymakers act quickly to curb spending, an independent report commissioned by

France faces debt surge unless spending curbed, report says
Business|Economy|Finance|Stock Markets|US

US money market funds turn defensive with Fed rate outlook uncertain

Money market funds are taking a more cautious approach in their portfolios, reflecting lingering uncertainty about the U.S.

US money market funds turn defensive with Fed rate outlook uncertain
Business|Economy|Finance|Stock Markets

Citigroup estimates revised after bank flags higher expenses, stock tanks

Analysts revised estimates for Citigroup on Wednesday after the bank's management surprised investors and forecast higher expenses in the second half

Citigroup estimates revised after bank flags higher expenses, stock tanks
Economy|Election|Finance|Political|Stock Markets|US|World

House Republicans unveil a $95 billion plan for the Iran war, farm aid and elections

House Republicans have unveiled a $95 billion plan focused on boosting defense, aiding farmers and enacting stricter voter registration rules

House Republicans unveil a $95 billion plan for the Iran war, farm aid and elections
Arts|Business|Economy|Entertainment|Political|Technology|World

Paramount and Warner Bros. expect a delay in closing the deal

Paramount and Warner Bros. expect a delay in closing the deal

Paramount and Warner Bros. expect a delay in closing the deal
Business|Crime|Economy|Finance|Political

Former Obama White House attorney says ‘it was a mistake’ to deal with Epstein and she regrets it

Former Obama White House attorney says ‘it was a mistake’ to deal with Epstein and she regrets it

Former Obama White House attorney says ‘it was a mistake’ to deal with Epstein and she regrets it
Business|Economy|Finance|World

IMF strategy chief calls for price stability, credibility in shock-prone world

The International Monetary Fund's strategy chief urged government officials on Wednesday to focus on medium-term fiscal frameworks and

IMF strategy chief calls for price stability, credibility in shock-prone world
Business|Economy|Finance|Health|Stock Markets

J&J medtech miss overshadows earnings beat

Johnson & Johnson said on Wednesday that its medical device unit underperformed in the second quarter, even as strong sales of Tremfya for

J&J medtech miss overshadows earnings beat
Business|Economy|Finance|Stock Markets

Morgan Stanley beats estimates on strong trading and dealmaking, bets on AI investment

Morgan Stanley beat Wall Street estimates for second-quarter profit on Wednesday, posting record revenue driven by strong deals activity, while

Morgan Stanley beats estimates on strong trading and dealmaking, bets on AI investment
Business|Economy|Science|Technology

Apple chasing AI chip company deals, The Information reports

Apple is looking to buy chip companies to bolster its efforts to make server processors for running AI, The Information reported on Wednesday, citing people familiar with the

Apple chasing AI chip company deals, The Information reports
Business|Economy|Finance|World

US producer prices post largest drop in 14 months; inflation risks still tilted to the upside

U.S. producer prices unexpectedly fell in June, posting their biggest decline in 14 months amid a pullback in the cost of energy products, further

US producer prices post largest drop in 14 months; inflation risks still tilted to the upside
Business|Economy|Finance|Stock Markets|World

Dollar falls after cooling producer prices, Middle East escalation in focus

The dollar fell against major currencies on Wednesday after softer-than-expected U.S. producer prices reinforced signs of easing inflation, bolstering

Dollar falls after cooling producer prices, Middle East escalation in focus
Business|Economy|World

Trump's pick to head Bureau of Labor Statistics clears key Senate hurdle

Brett Matsumoto, President Donald Trump's pick to head the U.S.

Trump's pick to head Bureau of Labor Statistics clears key Senate hurdle
Business|Economy|Finance|Stock Markets|World

Wall Street's investment banking machine firing on all cylinders

A broad revival in investment banking is taking hold on Wall Street, fueled by a surge in IPOs, mergers and debt issuance.

Wall Street's investment banking machine firing on all cylinders
Business|Economy|Political|World

UK's incoming prime minister Burnham to name Mahmood as finance minister, FT reports

Andy Burnham is set to name interior minister Shabana Mahmood as his finance minister when he becomes Britain's prime minister next week, the Financial Times reported on

UK's incoming prime minister Burnham to name Mahmood as finance minister, FT reports
Business|Economy|Finance|Political|Stock Markets|US|World

White House weighs extending Jones Act waivers as Iran conflict raises price concerns

The White House is weighing another extension of waivers allowing foreign ships to transport goods between U.S. ports as renewed conflict with Iran raises

White House weighs extending Jones Act waivers as Iran conflict raises price concerns
Business|Economy|Finance|US

Elizabeth Warren blasts Kevin Warsh, saying he ‘seems to invite corruption’

Elizabeth Warren blasts Kevin Warsh, saying he ‘seems to invite corruption’

Elizabeth Warren blasts Kevin Warsh, saying he ‘seems to invite corruption’
Economy|Political|US|World

Johnson unveils $95 billion plan for defense spending and Trump’s elections overhaul

Johnson unveils $95 billion plan for defense spending and Trump’s elections overhaul

Johnson unveils $95 billion plan for defense spending and Trump’s elections overhaul