Business
Wall Street ends higher on cool inflation data, strong earnings
Major U.S. stock indexes rose as favorable inflation data and positive corporate earnings reports drove investor optimism during the Wednesday session.
Oil prices climb as Iran threatens to block Middle East energy exports
Oil prices rose on July 15, 2026, as renewed hostilities and a U.S. naval blockade of Iranian ports threatened global energy transit corridors.
Stripe and Advent propose $53 billion acquisition of PayPal
Stripe and Advent International have submitted a joint proposal to acquire PayPal in a transaction valued at more than $53 billion. The offer arrives as PayPal navigates slowing growth and increased competition from rivals such as Apple Pay and Google Pay.
Taco Bell under investigation as health officials probe cyclosporiasis outbreak
Health officials are investigating a cyclosporiasis outbreak across 34 states. While some patients reported eating at Taco Bell, no link has been confirmed.
Biogen tau-targeting Alzheimer’s drug slows cognitive decline in study
Researchers have unveiled mid-stage trial results for diranersen, an experimental drug that reduces abnormal tau production in Alzheimer’s patients.
Nvidia halves Asia buyer list in China chip crackdown, FT reports
Nvidia is enforcing a new white-list protocol for Asian clients, conducting site visits and rigorous compliance reviews to ensure hardware remains within authorized parameters.
Oil hits one-month high as US, Iran step up attacks in Strait of Hormuz
Brent crude surged to its highest level in four weeks following the collapse of a US-Iran ceasefire and renewed attacks on commercial shipping in the Gulf.
Paramount Sued by 12 States in Bid to Block $111 Billion WBD Merger
A coalition of 12 state attorneys general is suing to block the $111 billion media merger, arguing the deal will stifle competition and increase consumer costs.
Oil Prices Surge as U.S.-Iran Escalation Rekindles Supply Fears
Brent Crude climbed above $79 per barrel as renewed military escalation between the U.S. and Iran sparked global concerns regarding oil supply security.
South African rand weakens as Middle East tensions rattle global markets
Heightened geopolitical instability in the Middle East is driving investors away from emerging markets, placing severe inflationary pressure on the South African economy.
OpenAI, Meta, SpaceXAI compete for more cost-efficient AI models
The AI industry is pivoting from raw intelligence to operational affordability as leading labs compete for enterprise market share through lower token pricing.
Oil Climbs, US Futures Dip on Fresh Iran Strikes: Markets Wrap
Brent crude climbed over 3% following US military strikes and the revocation of Iranian oil sanctions waivers.
Americans fear outliving their savings more than death
A growing majority of Americans report that the prospect of running out of money in retirement has become a greater concern than death itself. Driven by inflation and healthcare costs, many are now re-evaluating their financial strategies to address long-term security.
Apple sues OpenAI, accusing ChatGPT maker of stealing trade secrets
Apple filed a lawsuit against OpenAI and two former employees, alleging a systematic effort to misappropriate proprietary trade secrets to advance hardware goals.
Apple sues OpenAI and two former employees over trade secret theft
Apple is suing OpenAI and two former staff members, alleging they misappropriated confidential manufacturing data and internal designs for hardware development.
Apple files lawsuit accusing ChatGPT maker OpenAI of stealing trade secrets
Apple filed a lawsuit against OpenAI, alleging the company misappropriated confidential trade secrets and intellectual property through former employees.
SK Hynix shares jump 13% in massive $26.5 billion Nasdaq debut
South Korean chipmaker SK Hynix saw its American Depositary Receipts close at $168.01 on its first day of trading, marking the largest foreign IPO in U.S. history.
US gasoline prices reach $1.09 per liter as oil trades at $76.80 per barrel
Renewed hostilities in the Persian Gulf have heightened global energy security concerns, driving up fuel costs as tanker traffic through the Strait of Hormuz declines.
Meta users can now opt out of allowing AI to reuse public Instagram photos
Meta has introduced a feature that uses public Instagram photos as social context for AI-generated images. Users can adjust their privacy settings to restrict how their content is utilized by the tool.
EU threatens Meta with fines over addictive Facebook and Instagram features
European regulators have formally challenged Meta over features like infinite scrolling and autoplay, which the Commission claims foster compulsive use. The company faces potential fines if it fails to overhaul its engagement-driven design.