2026-07-22

Oil is surging toward $95 as Rubio says Iran 'not serious' about peace talks

Brent crude rose above $94 a barrel on Wednesday after the U.S. completed its 11th straight night of strikes against Iran [...]

2026-07-22

200 US utility firms join Trump electricity pledge as data center electricity use expected to quadruple by 2035 — but does the President's pledge have the teeth to regulate electricity pricing?

The huge rise in consumer electricity pricing across the US has largely been fueled by data center construction and grid updgrades to connect them. [...]

2026-07-22

Nike is slashing thousands of online distributors in China to reclaim pricing control

Starting in January, Nike's digital presence in China will shift to its own channels and flagship storefronts on Tmall, JD.com, and Douyin [...]

2026-07-22

FDA recalled generic allergy tablets that may have been mixed with a heartburn drug

Unique Pharmaceutical Laboratories is pulling 4 lots of cetirizine hydrochloride tablets that may contain ranitidine, which can trigger severe allergic reactions [...]

2026-07-22

Super Micro Computer stock surged after AI server margins doubled what it expected

The AI server maker now expects gross margins of 15% to 17% for the quarter ended June 30, versus earlier guidance of 8.2% to 8.4% [...]

2026-07-22

GE Vernova raised its 2026 revenue forecast after strong earnings beat expectations

Orders surged 88% organically in the second quarter, and free cash flow of $5.1B exceeded all of 2025 [...]

2026-07-22

Charles Schwab posted record revenue and earnings — but the stock sank

The brokerage beat analyst estimates on profit and revenue, then raised its full-year guidance, but Schwab stock ended the day down 2.5% [...]

2026-07-22

OpenAI's AI models broke out of a security test and autonomously hacked Hugging Face

OpenAI said its GPT-5.6 Sol and a pre-release model found a vulnerability in their testing environment and accessed Hugging Face's production systems [...]

2026-07-22

CVS is now filling pet prescriptions at its 9,000 pharmacies nationwide

The pharmacy chain will dispense select medications for dogs and cats, including antibiotics, insulin, and flea and tick treatments [...]