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Business News

Location American Business News for 23 October 2026
How is the US economy really doing under President Trump? Ahead of the midterms Trump has boasted about the performance of the US economy. BBC Verify looks at inflation, jobs and economic growth in the country.
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Looted Goods From French Stores Appear on Resale Sites After Riots Officials in France are pressing online platforms like eBay and Vinted to remove items that were stolen during public disturbances over the weekend.
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Bitcoin gives back its run at $85,000 as Tesla and Meta fail to calm AI nerves BTC broke through its $84,000 ceiling late Wednesday, then slid back to the $82,500 support analysts are watching as tech futures fell.
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This wonky maneuver kept Mark Zuckerberg from fleeing a California billionaire tax Facing a potentially giant tax bill that could threaten his voting power, Zuckerberg was days away from listing his Palo Alto home when Meta agreed to create a new class of stock.
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Oil Rises Amid Attacks on Vessels in Strait of Hormuz

Wall Street Journal - 21 Oct 2026 01:21
Oil rose in early Asian trade amid attacks on vessels in the Strait of Hormuz, a key waterway for oil transportation.
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Gold Falls Amid Pressure From Rising Crude Prices

Wall Street Journal - 21 Oct 2026 01:15
Gold declined in early Asian trade. The precious metal is likely to remain weighed down by higher crude oil prices keeping inflationary pressures in places, said DHF Capital.
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Elon Musk Says 2 Products Will Account for Most of Teslas Value Elon Musk expects Teslas Optimus robot and Cybercab to generate most of the companys future value. His prediction places artificial intelligence and autonomous transportation at the center of Teslas long-term strategy. M...
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Asian Stocks Fall, Bucking U.S. Tech Rebound

Wall Street Journal - 20 Oct 2026 02:09
Asian Stocks Fall, Bucking U.S. Tech Rebound Stocks continued to fall Tuesday in Asia amid ongoing artificial-intelligence investment concerns and elevated oil prices.
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Apple is about to break a rule Steve Jobs defended Apple may be ready to rethink what a MacBook should be.
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What smart people are saying about Anthropic's 5% 'public benefit' pledge Anthropic's announcement generated enthusiasm, skepticism, and lots of questions.
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China's economic growth picks up as AI boom boosts exports Exports have helped offset weak domestic spending, but trade tensions and AI doubts weigh on the outlook.
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EU Joins 8 Nations to Sign Warsaw Protocol on Crypto Crime The new treaty modernizes the Warsaw Convention treaty, adding crypto assets to its scope and expanding the attributions of financial intelligence units over these assets, highlighting the importance of international coo...
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Ralph Lauren has its wealthy shoppers to thank as retail softens Bank of America reaffirmed its Buy rating on Ralph Lauren with a $450 target, pointing to high-income shoppers who keep spending even as retail slows.
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Anthropics $2 trillion IPO dream hits a new reality Anthropics IPO suddenly has a valuation problem.
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Steve Jobs Didnt Become a Billionaire Thanks to Apple. He Got Rich From a Company He Bought From George Lucas On February 3, 1986, Steve Jobs bought Lucasfilms computer graphics unit from George Lucas for $10 million and renamed it Pixar, taking roughly a 70% stake. Pixars November 29, 1995 IPO priced shares at $22 and made Jobs...
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SpaceX: A Futuristic Berkshire Hathaway, or Just a Mess?

Wall Street Journal - 22 Oct 2026 13:16
SpaceX: A Futuristic Berkshire Hathaway, or Just a Mess? Elon Musks mishmash of businesses will be a maze for investors to evaluate.
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Crypto is making a splash in U.S. elections - but chiefly in jabs about industry influence Boosters often say crypto voters can swing elections, but Democrats are seeking mileage out of tying crypto to Trump, corruption and attempts to buy seats in Congress.
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Barclays cutting 5,000 jobs as it increases reliance on AI The bank says it is using more AI leading to a 5% reduction in its workforce.
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Meta investors will get free shares if Mark Zuckerberg hits 'extraordinary' targets Meta stockholders will receive a dividend every time the stock doubles and has compounded by at least 10% a year.
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Oil is now flowing out of the Persian Gulf like before the Iran war. Why prices may still not come down anytime soon. Oil flows out of the Persian Gulf in October nearly returned to levels seen before the start of the Iran war, but traders remain wary about a fragile recovery.
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Need an air ambulance? Your health policy may not cover the full cost Air ambulance cover varies widely across health policies, with sub-limits, approval requirements and claim conditions. A few clauses can determine whether families pay lakhs out of pocket.
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Solanas biggest network change since 2020 is live. Heres how users benefit The new voting system targets settlement in about 150 milliseconds, potentially shortening waits for payments and deposits. Users can keep their existing wallets.
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