Business News
Breaking business news, market insights, company earnings, mergers and acquisitions, economic policies, and industry trends impacting the global economy.
Anthropic to give 5% of shares, about $48bn, to public benefit fund
Anthropic will set aside 5% of its shares for a new fund aimed at the public good, a stake worth roughly $48bn (£36bn) at the company's most recent v…
Trump’s Russia sanctions waiver draws bipartisan Senate backlash
Trump's Friday waiver of Russia sanctions under the Graham Act drew bipartisan criticism from Tillis, Cruz, Haley, Warren and Zelenskyy.
Wholesale Prices Climb 6.3% Annually, Biggest Jump Since 2022
Wholesale prices rose 1.3% in September and 6.3% over the prior 12 months, the Bureau of Labor Statistics said Thursday, in a producer price index re…
Bank of America Profit Falls 17% on $1.2 Billion Penalty
Bank of America absorbed a $1.2 billion penalty from U.S. regulators in the third quarter, dragging net profit down 17% to $6.93 billion, or 91 cents…
JPMorgan Q3 Profit Misses Estimates as Dimon Warns on Inflation
JPMorgan's Q3 net income hit $15.4bn, missing the $16.3bn expected, as CEO Jamie Dimon flagged fiscal deficits and sticky inflation.
US Stocks Close Mixed as Q3 Earnings Season Opens
US stock indexes closed mixed on Oct 12 as Q3 earnings season opened. Nasdaq reported chips sliding while Coincentral flagged bank earnings and CPI.
UK business inflation pressures hit three-year high as Nobel economics prize awarded
UK business inflation pressures hit a three-year high in September, the Nobel economics prize is announced in Stockholm, and the IFS warns of a £35bn…
OpenAI forecasts $50bn revenue, $20bn below its earlier guidance
OpenAI told investors 2026 revenue will reach $50bn, about $20bn below the $70bn signalled in September, after an accounting gap with Anthropic.
Brent crude tops $104 as Hormuz attacks lift oil and bond yields
Brent crude topped $104 on 8 October 2026 as Hormuz tanker attacks and Storm Isaias output cuts pushed bond yields higher and stocks lower.
Fed Minutes Show Most Officials Favor Another Rate Hike by Year End
Fed meeting minutes show most officials expect another rate hike by year end, but no timing is set; inflation readings and AI-driven demand shape the…
World Bank Lifts East Asia Growth to 4.5% on AI Exports, Flags Risk
The World Bank raised its 2026 growth forecast for East Asia and the Pacific to 4.5%, 0.3 percentage point above its April projection, crediting arti…
Brazilian stocks surge as Flávio Bolsonaro leads first round with 47%
Brazil's first-round presidential result reset how investors are pricing the race. Flávio Bolsonaro, the son of former president Jair Bolsonaro, took…
OpenAI safety leader David Robinson quits, calls culture ‘broken’
OpenAI safety leader David Robinson resigned in early October 2026, calling the company's culture broken and warning AI firms are moving too fast.
Bitcoin Tops $87,000 as Weak September Payrolls Cut October Fed Hike Odds
US payrolls added just 29,000 jobs in September, cutting October Fed hike odds; bitcoin climbed above $87,000 while the dollar firmed.
Tesla Q3 Deliveries Beat Estimates at 486,532 Vehicles
Tesla delivered 486,532 vehicles in Q3 2026, beating estimates as European sales recovered and offset weaker U.S. and China demand.
OpenAI fires three safety researchers over data shared with outside AI group
OpenAI dismissed three safety researchers for sharing confidential information with an outside AI safety group, days after shelving its GPT-6.1 Astra…
UK Q2 growth revised up to 0.5% as diesel nears £2 a litre
Britain's economy grew by 0.5% in the second quarter of 2026, a bigger expansion than first reported, according to Theguardian. The Office for Nation…
UK pays 5.383% on 10-year gilts, highest since 1999
The UK government paid the highest interest rate since September 1999 on a sale of 10-year debt on Tuesday, when an auction of gilts maturing in 2036…
Nvidia launches agent safety platform and $150bn buyback
Nvidia unveiled its Open Agent Safety Platform for AI agents and approved a $150bn buyback, the largest in US corporate history, on 28 September 2026.
Healey Tells Labour Conference He Will Keep Fiscal Rules
Chancellor John Healey told Labour conference the party will meet its fiscal rules, announced a £100m local apprenticeships service and £6bn for UK s…
