Saturday, August 8, 2026
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Business

Business news, markets, and economy

Crude oil futures drop after Trump promises an Iran deal will be signed Friday
Business

Crude oil futures drop after Trump promises an Iran deal will be signed Friday

Oil prices had already fallen quite dramatically on Thursday and Friday, in anticipation of an imminent deal. President Trump has posted online that the Strait...

Trump's name is poised to be removed from the Kennedy Center
Business

Trump's name is poised to be removed from the Kennedy Center

A judge rejected a request to pause a court-ordered deadline of Friday to remove references to President Trump from the building. The institution appealed, an e...

Kennedy Center removes Trump's name from the building
Business

Kennedy Center removes Trump's name from the building

Workers finished removing President Trump's name from the facade of the Kennedy Center early Saturday, hours after a court-ordered Friday deadline to remove ref...

Paramount takeover of Warner Bros won't harm competition or consumers, DOJ says
Business

Paramount takeover of Warner Bros won't harm competition or consumers, DOJ says

A US Department of Justice (DOJ) investigation into the proposed Paramount Skydance acquisition of Warner Bros Discovery (WBD) has determined the merger is not...

Justice Dept. approves Paramount's acquisition of Warner Bros. Discovery
Business

Justice Dept. approves Paramount's acquisition of Warner Bros. Discovery

The decision paves the way for a proposed $110 billion merger uniting two rival studio giants — Paramount, owner of CBS, and the much larger Warner, which inclu...

It's SpaceX's first day on the stock market
Business

It's SpaceX's first day on the stock market

The initial public offering from the rocket and AI company raised some $75 billion, making the company one of the biggest in the world — and likely making Elon...

How small-business loans got caught in Trump's immigration crackdown
Business

How small-business loans got caught in Trump's immigration crackdown

For decades, immigrants who are legal permanent residents in the U.S. could get loans through the Small Business Administration, a core pillar of small-business...

Can smartphones help explain the drop in birth rates?
Business

Can smartphones help explain the drop in birth rates?

Are smartphones causing people to have fewer children? A provocative new working paper explores the persistent drop in birth rates since the iPhone was introdu...

SpaceX is poised for blastoff with an IPO likely to break records
Business

SpaceX is poised for blastoff with an IPO likely to break records

Elon Musk's rocket company, recently merged with xAI, is aiming to raise $75 billion in its initial public stock offering. It's the first of a trio of mega-IPOs...

FBI seizing evidence at California plant where chemical tank overheated
Business

FBI seizing evidence at California plant where chemical tank overheated

Federal authorities served a search warrant on Wednesday at a Southern California aerospace facility where a chemical tank overheated last month, forcing 50,000...

House approves labor-friendly bill with support from 20 Republicans
Business

House approves labor-friendly bill with support from 20 Republicans

The House has approved a bill to slash the time it takes for newly unionized workers to get a first contract. The measure allows for government intervention if...

Social Security funds could run short by 2032, program's Trustees warn
Business

Social Security funds could run short by 2032, program's Trustees warn

A trust fund that helps to finance Social Security benefits is expected to run out of money in less than seven years — unless Congress acts to patch the system...

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