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Business News

Location American Business News for 26 August 2026
If you owe federal income tax and give to education causes, put the Education Freedom Tax Credit on your 2027 calendar. Starting January 1, 2027, a contribution to a qualified Scholarship Granting Organization comes back...
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Is the Trump Treasury panicking over the level of US debt? With the federal deficit near 6% of GDP and the national debt over $40tn, Americas fiscal position looks increasingly precariousBessent will lose battle with bond markets, ex-mentor warnsAre we seeing the first signs of ...
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National lottery faces questions over new bosss record in gambling industry MPs tell regulator they are deeply concerned over interim CEO Phil Walkers roles at William Hill and Game NationThe national lottery is facing questions over its new bosss record in the gambling industry, including a luc...
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Deloitte to pay $21.5 million to settle Trump administration's DEI investigation Deloitte agreed to a $21.5 million settlement to end the Justice Department's investigation into its DEI practices.
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Musk's rocket firm SpaceX to build $100bn launch facility It will be the firm's biggest site yet and aims to send rockets to space in 2029.
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Gold declined in Asian trade. Markets appear to be waiting for Fed Chairman Kevin Warsh to clarify his views on when the central bank is likely to react to inflation when he speaks at the annual Jackson Hole gathering, A...
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Customers are fleeing TurboTax over price, and Intuits stock is sliding Cost-conscious customers giving up on TurboTax sent Intuit shares sliding in early Wednesday trade.
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Meta agrees to settle teen addiction lawsuit for up to $16.7 billion States brought the suit against the social media giant in 2023. Meta agreed to make changes to its platforms as part of the agreement.
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12 stocks for bottom-fishing investors looking for cheap growth opportunities Companies with stocks near 52-week lows that analysts expect to roar back include Dicks Sporting Goods, McDonalds and L3Harris.
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Metas stock gives up gains as Wall Street digests settlement in social-media addiction trial The social-media giant agreed to pay up to $16.68 billion as part of the settlement.
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Stocks Move Lower Ahead of Nvidia Earnings

Wall Street Journal - 26 Aug 2026 13:53
Stocks Move Lower Ahead of Nvidia Earnings Stocks inched lower after inflation data and ahead of earnings from the worlds most valuable company, Nvidia.
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Consumer spending sees the smallest increase in seven months. Is the economy getting weaker? Consumer spending rose in July at the slowest pace in seven months, suggesting the U.S. economy lost a little steam after the end of the 2026 Word Cup and start of the third quarter.
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U.S. inflation rises again and stays well above the Feds target. A rate hike could be in play. The main inflation gauge used by the Federal Reserve to set U.S. interest rates rose at an elevated rate in July, potentially pushing the Federal Reserve closer to a vote to raise interest rates next month.
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Students want crypto classes but learn on social media: OKX survey A separate review found only about 28% of accredited US business schools offered blockchain courses, despite strong demand in the OKX poll.
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Bitcoin holds $79,000, ether, solana slip as traders bank a week of gains Every major token fell over 24 hours except HYPE, though bitcoin holds a 23% weekly gain and XRP almost 45%.
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Iran faces strait of Hormuz paradox as strategic value of chokehold erodes Internal calls to end war get louder as Gulf neighbours plan alternative pipelines to cut reliance on waterwayIs the strait of Hormuz, recently cited by the office of the Iranian supreme leader as the pillar of Irans new...
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Singapore Dollar Steady Amid Reduced Mideast Geopolitical Risks

Wall Street Journal - 26 Aug 2026 02:47
The Singapore dollar was steady against its U.S. counterpart amid reduced geopolitical risks in the Middle East.
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Are older Americans spoiling the economy for everyone else? How to get seniors to spend $12 trillion in home equity.
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Treasury Targets Iran Crypto Sector and $100M Oil Payment Network The Treasury has opened Irans digital asset sector to broader sanctions while targeting a broker accused of processing over $100 million in cryptocurrency for oil sales supporting Irans military and its proxies. OFAC Ope...
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Instagram CEO denies company hid low use of teen safety feature in Meta trial Adam Mosseri is first top executive from Meta to testify in blockbuster lawsuit brought by 29 US statesInstagrams CEO disputed allegations by US prosecutors that his company hid negative information from the public while...
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Oil Falls on Signs of Middle East Talks

Wall Street Journal - 26 Aug 2026 00:05
Oil fell in early trade on signs of Middle East talks, which could lead to reduced supply disruptions.
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Spectrum owner acquires 64-year-old rival as customers depart Charter Communications has closed a significant acquisition that it hopes will help it navigate heightened competition.
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