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Location American Business News for 8 July 2026
Bitcoin under pressure as U.S.-Iran escalation lifts oil Major cryptocurrencies are trading in the red as renewed U.S.-Iran airstrikes push oil higher.
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Germans Dont Love Budweiser. It Wont Take No for an Answer.

The New York Times - 8 Jul 2026 06:01
Germans Dont Love Budweiser. It Wont Take No for an Answer. Not for the first time, Budweiser is trying to make it in Germany. But this is a tough time to sell German drinkers on the image and taste of American beer.
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A $15 Billion Plan Would Put a Floating City of 50,000 in International Waters First sketched in the 1990s by engineer Norman Nixon, the Freedom Ship is being pitched again by Freedom Cruise Line International as a self-contained floating city in international waters. The plan calls for housing 50,...
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OPEC, Saudi Arabia share a signal on where oil is headed Two decisions landed within roughly 24 hours, and both point the same way for crude.
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Global Economic Output Looks Slower for 2026, IMF Says

The New York Times - 8 Jul 2026 16:27
Global Economic Output Looks Slower for 2026, IMF Says The I.M.F. projected world output growth would fall to 3 percent for the year, a number pushed down by high commodity prices.
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In San Francisco, Some Home Sellers Now Ask for OpenAI or Anthropic Stock Even before OpenAI and Anthropic go public, they are distorting home sales in the San Francisco Bay Area, as people race to buy and sellers ask for stock instead of cash.
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Hedge Funds Are Most Bearish onYen Since 2007: Could Japan Rotation Send XRP to $2.00? XRP trades near $1.10 as hedge funds pile into yen shorts at 2007 extremes. Can Japanese retail demand fuel a comeback toward $2.00? Key levels, macro context, and what to watch next. The post Hedge Funds Are Most Bearis...
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Oil Prices Jump After Trump Says Deal With Iran Is Over

The New York Times - 8 Jul 2026 15:56
Oil Prices Jump After Trump Says Deal With Iran Is Over Attacks on ships in the Strait of Hormuz sparked a new cycle of retaliation that could throttle the flow of energy from the region.
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Alibaba just had its best day in 10 months. Is it time for China techs to catch up? Alibaba on Wednesday saw its best single share-price gain in 10 months, as the broader Chinese tech sector revved higher after missing the rally propelling U.S., Korean and Taiwanese companies.
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Live markets: Japan's collapsing yen is pushing companies into bitcoin and XRP Hedge funds have turned the most bearish on the yen since 2007, boosting bets on further losses to nearly 138,000 contracts as of June 30.
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No final decision has been made but the job cuts will happen in the autumn if the redundancy plans are approved.
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Platner Says Hell Withdraw From Maine Senate Race After Sexual Assault Allegation The Democratic candidate said he was suspending his campaign but insisted that this was not an admission of guilt regarding the allegations against him.
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Platner Withdraws From Maine Senate Race After Sexual Assault Allegation The Democratic candidate said he was suspending his campaign but insisted that this was not an admission of guilt regarding the allegations against him.
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The Seventh Circuit Court has reopened Florida's lawsuit against the AAP, allowing the state to pursue claims about transgender youth treatments, with significant implications for state and federal legal dynamics.
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Mercedes' China problem just got worse

The Street - 9 Jul 2026 01:47
Mercedes' China problem just got worse Mercedes-Benz sales sharply declined in China in the second quarter, highlighting an increasingly competitive environment in that key market.
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Palace aides are said to be examining whether King Charles can meet Prince Harry during his UK visit and potentially reunite with Archie and Lilibet.
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Cathie Wood buys $2.1M of tumbling AI stock

The Street - 9 Jul 2026 01:33
Cathie Wood buys $2.1M of tumbling AI stock Cathie Wood bought over $2 million of stock in CoreWeave, a Nvidia-backed cloud infrastructure company. Learn more about her reasoning and strategy.
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Timothée Chalamet and Denis Villeneuve reveal intense footage of 'Dune Part Three' at a global fan event, highlighting Anya Taylor-Joy's captivating role as Alia Atreides.
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Ripple Brings XRP to Jayhawk Uniforms in First Major College Crypto Jersey Sponsorship XRP will be featured on Jayhawk athletic uniforms following a partnership announcement between the University of Kansas and Ripple. The agreement marks what Ripple describes as the first cryptocurrency sponsorship to app...
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Walmarts bestselling 3-piece comforter set is only $24 for a limited time The Kinmeroom Queen Size Down Alternative Comforter that shoppers say is "one of the best sets to buy" is 33% off right now at Walmart.
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A 16-year-old boy has been arrested on suspicion of murder after a woman in her 60s was found dead in Burnage, Manchester. Police are investigating the incident, with the teenager in custody.
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A federal judge has ordered Donald Trump to release $5.8 million to E. Jean Carroll, following the Supreme Court's refusal to hear his appeal, marking a significant legal defeat.
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