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Business News

Location American Business News for 15 July 2026
Warren Buffett has redirected his $6 billion annual donation from the Gates Foundation to family-run charities, amid scrutiny of Bill Gates's past ties with Jeffrey Epstein
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Weak demand domestically and the impact of the Iran war on oil prices overshadowed the country's strong exports.
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Data Centers to Add Billions in Power Costs in 13 States

The New York Times - 15 Jul 2026 00:39
Data Centers to Add Billions in Power Costs in 13 States A power auction conducted by a giant grid operator is expected to add $6.3 billion in additional charges to consumers and businesses because of electricity needs of data centers.
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Stripe and Advent's $53 billion bid for PayPal highlights a strategic shift towards consolidation in fintech, valuing PayPal's global network over its beaten-down stock price.
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Oil Prices Tick Higher as U.S. Reinstates Iran Blockade

The New York Times - 15 Jul 2026 13:53
The United States reinstated its blockade on Iranian ports in the Strait of Hormuz and shipping slowed to a crawl amid the renewed warfare in the critical waterway.
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Thames Water says it has £515m cash in the bank as its debts swell to £18.5bnThe CEO of the Financial Conduct Authority has taken a fresh swipe at challengers to the motor finance scandal compensation scheme through th...
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This Wall Street theme-o-meter has a clear message: The artificial-intelligence bull market is back UBS says its top theme right now is that leadership for artificial-intelligence stocks is returning, and earnings season may prove how investors have been too pessimistic.
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Wholesale prices show first drop in almost a year on lower gas prices, but inflation still too high Wholesale prices fell in June for the first time in 10 months largely due to lower gas prices, but its unclear if the recent slowdown in inflation will persist in light of renewed hostilities between the U.S. and Iran.
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Is IBM a Canary in the Tech Coal Mine?

The New York Times - 15 Jul 2026 12:31
Is IBM a Canary in the Tech Coal Mine? The company tumbled sharply after previewing quarterly results that were disappointing. Its not good news for software and tech consulting companies.
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XRP Gains Institutional Momentum as SBI Expands Finance Infrastructure in Japan XRP is at the center of a new institutional finance initiative in Japan after SBI Digital Finance and Doppler Finance formed a strategic partnership, extending Dopplers collaboration with SBI Group companies beyond an ea...
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European Central Bank Picks 36 Firms for 2027 Digital Euro Payments Pilot The European Central Bank (ECB) has selected 36 payment service providers for a 12-month digital euro pilot due to begin in the second half of 2027. The project will test payments, account setup, merchant acceptance, and...
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The Pentagon will test troops over 30 for low testosterone, folding hormone checks into Hegseth's tougher fitness regime as supporters hail prevention and critics fear a narrow, hyperphysical view of readiness.
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The Pentagon will test troops over 30 for low testosterone, folding hormone checks into Hegseth's tougher fitness regime as supporters hail prevention and critics fear a narrow, hyperphysical view of readiness.
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LA28 Is Seeking 60,000 People To Become The Face Of The Olympic Games 731 days before the Opening Ceremony of the 2028 Olympic Games, LA28 officially opened applications Tuesday for one of the largest volunteer programs in Olympic history.
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England's World Cup hopes were dashed by Argentina's late goals, sparking fan outrage and allegations of bias. Despite suspicions, no formal evidence of manipulation has been presented.
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NextEra and Dominion File to Form a Huge Power Company

The New York Times - 15 Jul 2026 23:50
NextEra and Dominion File to Form a Huge Power Company They asked regulators in three states and at a federal agency to approve a deal that would create a combined company with 10 million customers across the Southeast.
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Kevin O'Leary and Fox News sued over claims that data center critics had China ties Kevin O'Leary went on several news programs, including Fox News, and accused some critics of his Stratos data center project of being foreign agents.
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Google stock price faces major AI test ahead of earnings Bank of America examines shifting Search and AI usage trends ahead of Alphabet's Q2 results and sees 20% upside in the stock.
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Lincoln Documents Allegedly Exposed to 80-Degree Heat Inside Flawed National Mall Exhibit Rare copies of the Emancipation Proclamation and 13th Amendment, signed by Lincoln, face alleged preservation issues at a new exhibit, raising concerns about document safety and exhibit management.
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A Democratic congressman alleges that President Trump's sons profited from a taxpayer-backed mining deal in Kazakhstan, raising concerns about the intersection of public policy and private gain.
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Walmarts 20-drawer rolling storage cart thats ideal for DIYers is only $65 The Costway 20-Drawer Rolling Cart is on sale at Walmart for 40% off. Shoppers can easily store smaller items in a portable unit for $65.
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74-year-old restaurant chain shuts down

The Street - 15 Jul 2026 23:28
74-year-old restaurant chain shuts down Drive-in restaurants have been vanishing for decades, and a 74-year-old burger chain just closed its last location for good.
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