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Business News

Location American Business News for 18 August 2026
Bitcoin climbs above $64,000 while most majors slip Miners have cut their computing power by a fifth over three quarters to make room for AI, and Venice's token jumped 10% after the company said it crossed $100 million in annualised revenue.
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EU Empowers Regulators to Block Third-Country Crypto Platforms The 21st package of European Union sanctions against Russia, passed on July 23, apart from tightening the screws on the Russian ruble stablecoin network and the institutions enabling it, also introduces the possibility o...
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Alleged $165M crypto Ponzi mastermind faces US charges after Fiji deportation Prosecutors allege Edward Zimbardi collected crypto from thousands of investors, lost over $34 million on currency trades and spent at least $10 million personally.
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Chinas 5,500 Robot Shipments Put US AI Hardware Rivals on Notice Unitrees 5,500-plus humanoid robot deliveries highlight Chinas scale in humanoid robot manufacturing. Devere Group CEO Nigel Green says those exports offer investors an alternative to heavily financed U.S. artificial int...
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The Web of Hidden Deals That Snared the Dodgers Owner in a Federal Probe Under pressure from investigators and regulators, billionaire Mark Walter is racing to unwind bets and save his sports-and-finance empire.
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Bond Yields Jump and Stocks Slip as Iran Stalemate Unsettles Investors The yield on the 30-year U.S. Treasury bond rose to its highest level in nearly 20 years.
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Ship Exiting the Strait of Hormuz Is Attacked

The New York Times - 18 Aug 2026 14:12
Ship Exiting the Strait of Hormuz Is Attacked At least 17 commercial sailors have been killed in and around Iranian and Omani waters since March. Six months into the conflict, the vital waterway remains exceptionally dangerous.
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An A.I. Tax Boom Could Curtail Americas Debt. But Not Solve It. The consequences of A.I. for the budget will largely hinge on whether - and to what extent - the technology reshapes the labor market.
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Gulf Oil Giants Push to Expand Overseas Stockpiles as Iran War Drags On Saudi Arabia and the United Arab Emirates are seeking larger oil reserves in Japan and South Korea as regional conflict threatens supply routes.
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Jimmy Kimmel infuriated Trump. Now Disney is suing the FCC over what it calls a retaliatory campaign. Disney says the Trump administration has attacked ABCs speech - the stories its journalists report and the viewpoints its network programs air.
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Tech Stocks Slide as Global Bond Rout Deepens

Wall Street Journal - 18 Aug 2026 13:49
Tech Stocks Slide as Global Bond Rout Deepens U.S. stocks were struggling, with the Nasdaq down sharply amid renewed tensions in the Middle East.
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Whitechain Relaunches as W Groups Distribution-First Ethereum Layer 2 Whitechain blockchain platform is relaunching as an distribution-first Ethereum Layer 2 designed to address one of the biggest challenges facing Web3 projects: reaching and acquiring users. Whitechain is part of W Group,...
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How Airbnb reinvented its HR department

Fast Company - 18 Aug 2026 05:00
How Airbnb reinvented its HR department What Airbnbs Mark Levy teaches leaders about engaging employees and preserving culture during rapid growth. Dont mess up the culture as we scale! Thats the family-friendly version of what one of the founders of Airbnb to...
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Singapore Dollar Consolidates; Rising Oil Prices Pose Risk

Wall Street Journal - 18 Aug 2026 02:51
The Singapore dollar consolidated against its U.S. counterpart, but may be weighed by rising oil prices.
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BHP Annual Profit Rises on Record Copper Prices

Wall Street Journal - 18 Aug 2026 02:09
BHP Annual Profit Rises on Record Copper Prices The worlds biggest miner by market value reported a 9% increase in annual net profit and an even bigger gain in underlying earnings as prices of copper surged to all-time highs.
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McDonald's, Whirlpool CEOs flag the same concern on the economy McDonald's, Kraft Heinz, and Whirlpool CEOs warn lower-income consumers are running out of money as credit card debt and savings signal household stress.
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Gold Gains as Easing Fed Hike Expectations Pressure Dollar

Wall Street Journal - 18 Aug 2026 01:03
Gold rose in early Asian trade. Easing expectations of Federal Reserve rate hikes were likely placing downward pressure on the dollar, ANZ said.
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FDA Approves First Drug to Treat a Cause of Narcolepsy The drug is the first to address one of the root causes of the sleeping disorder.
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Are free VPNs safe, and should you pay for one?

Business Insider - 18 Aug 2026 23:55
Are free VPNs safe, and should you pay for one? Free VPNs can encrypt your traffic and mask your IP address, but they don't make you anonymous. Here's when a free VPN is enough and when paying makes more sense.
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McDonald's puts a gas discount deal on its loyalty menu McDonald's loyalty members redeem 1,500 points for 50 cents off a gallon at participating Shell stations through September 12. Here's the catch.
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McDonald's partners with a gas discount deal

The Street - 18 Aug 2026 23:48
McDonald's partners with a gas discount deal McDonald's loyalty members redeem 1,500 points for 50 cents off a gallon at participating Shell stations through September 12. Here's the catch.
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OpenAIs Second-Quarter Sales Show Tepid Growth Compared With Anthropic The ChatGPT-makers revenue disappointed some investors, although the company told them its growth accelerated in the third quarter.
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