Business

US and Iran trade missile barrages as hopes dim for a quick resolution to the five-month conflict

The war — which in its early days President Donald Trump said would last four to five weeks, although he warned it could take longer — has caused the price of fuel to spike and roiled the global economy.

The economy slowed a bit -- but Americans continued to spend

The U.S. economy grew at an annual rate of 1.5% in the spring, according to the Commerce Department. That's a modest slowdown from the previous quarter — but consumer spending picked up steam. (Image credit: Joe Raedle)

Gazprom to be producing nearly half of its gas from hard-to-recover reserves by 2030

According to Gazprom Deputy Chairman Vitaly Markelov, as of the beginning of 2026, the company’s current recoverable gas reserves totaled over 27 trillion cubic meters

Odd Lots: How the Iranian Economy Works for Startups

Over the past decades since the Iranian Revolution of 1979, Iran's economy has completely transformed to resemble what Yeganeh Torbati and Bozorgmehr Sharafedin describe as a "mafia state." On this episode of the Odd Lots podcast, Torbati…

Apple and Amazon report after the bell. Here's what the options market is saying

Earnings on deck this afternoon for Apple and Amazon will likely decide if the stock market can end what’s so far been a rough week on solid footing.

Americans are spending plenty — but they’re saving much less

Consumer spending rose again in June to cap off a strong second quarter, but households had to dig deep into their savings to pay for their purchases after a recent surge in inflation.

Situational Awareness offloads large portion of public equity holdings

The $20bn hedge fund run by Leopold Aschenbrenner suffered steep losses in recent days from tech sell-off

Ferrari profits boosted by AI wealth and hyper-personalisation boom

Custom services set to account for as much as 20% of revenue, Italian luxury-car maker says

Military deployment shouldn’t be routine during elections — INEC chair

INEC Chairman states military deployment during elections should be exceptional, not routine, emphasizing the police as the lead agency for election securi Read More…

Starbucks Seeing Strong Sales Across the Board, CEO Says

Starbucks CEO Brian Niccol says he is seeing more customers coming into stores more often. Speaking on "Bloomberg Open Interest," Niccol also discusses the company's new products and expresses optimism about 2027. (Source: Bloomberg)

Instant View: Yen soars, markets suspect Japan intervention

Yen soars, markets suspect Japan intervention