Finance & Business News

Kraft Heinz splitting up as consumers veer away from processed foods - The Washington Post

Big brands are embracing “small” — downsizing to increase flexibility and lean into core products — as they cater to preferences fueled by Gen Z and millennials.

Alphabet Stock Jumps After Judge Files Remedy Decisions For Monopoly Case - Barron's

Stocks tumble as debt concerns, economic worries grip markets - NBC News

U.S. stocks tumbled as investors digested new economic data as well as Friday's ruling that most of President Donald Trump's sweeping tariffs are illegal.

Air Lease to Be Sold to Sumitomo-Led Group for $7.4 Billion - Bloomberg.com

Air Lease Corp., the aviation finance firm built by industry pioneer Steven Udvar-Hazy, agreed to a $7.4 billion sale to a group led by Sumitomo Corp., adding to consolidation in a sector that plays an increasingly important role in aircraft purchases.

Exclusive: Disney will pay $10M to settle children's privacy lawsuit with FTC - Axios

Disney conceded it made an administrative error in how it characterized videos it uploaded to YouTube.

UBS gives America a recession check-up and sees a 93% probability from the hard data, with a 'soggy' economy ahead - Fortune

"Stable but elevated" isn't something you want to hear in a medical checkup, or in a recession likelihood outlook.

CoreWeave tumbles as top shareholder Magnetar dials down position, puts on huge collar trade - Sherwood News

Magnetar Financial took some more profits and paid up to make sure it doesn’t lose much of its massive CoreWeave gains.

Trump and sons' stake in crypto firm worth $5bn - BBC

World Liberty Financial, launched by the Trumps during the presidential campaign, begins trading.

OpenAI shuffles executive roles, acquires Statsig for $1.1 billion - The Verge

ChatGPT maker OepnAI has acquired the product analytics firm Statsig, and rearranged several executive’s titles.

Tesla’s 4th ‘Master Plan’ reads like LLM-generated nonsense - TechCrunch

Tesla's fourth "Master Plan" lacks an important building block of plans: specifics. Even Elon Musk agrees it was too generic.

Jane Street revenue eclipses $10bn in a quarter for first time - Financial Times

Trading group’s results surge past big Wall Street banks as it takes over increasing share of market volume

Ocean Shipping Rates Sink as Importers Balk at Trade Upheaval - The Wall Street Journal

Belief in the American dream hits record low - Axios

The pessimism spans across demographics, despite strong economic data

Anthropic now valued at $183 billion as AI race heats up - Axios

It's worth 3x its valuation just five months ago.

Nvidia’s $340 Billion Rout Drags Stock Below Key Technical Level - Bloomberg.com

Nvidia Corp. is on track for its first close below a key technical level since May as investors continue to rotate out of the leading maker of artificial intelligence chips.

Trump Considers Declaring National Housing Emergency This Fall - Realtor.com

Biotech Rockets To Four-Year High After Hitting A 'Home Run' - Investor's Business Daily

Ionis Pharmaceuticals scored a "home run" Tuesday after its experimental treatment for high triglycerides beat the placebo.

Hundreds of economists defend Lisa Cook, Fed's independence in open letter against Trump efforts - CNBC

Cook has filed a federal lawsuit to block Trump from firing her, and said in court filings that the allegations against her are pretextual and untrue.

Microsoft CEO Satya Nadella reveals the 5 AI prompts he uses that can ‘supercharge your everyday workflow’ - Fortune

The leader of the $3.7 trillion tech giant reveals the top prompts he uses on GPT-5 to help maintain productivity with meetings, projects, and more.

How Trump’s tariffs are destroying something you’d never expect. - Slate

Not even your favorite sweater is safe from the trade war.