Business

Truist and Fifth Third paused sales of Delaware Life products this week as probes mount into the Mark Walter-controlled insurer, which denies any fraud.

Business Lynn Hatem -

CFTC Fines Ex-White House Teleprompter Operator $65,000 for Trading on Trump Speeches

A former White House teleprompter operator will forfeit $107,500 and pay a $65,000 fine over bets on Trump's speeches, the CFTC said Friday.

America Aarav Shen -

Truist, Fifth Third Halt Sales of Mark Walter Insurer’s Products

Truist and Fifth Third paused sales of Delaware Life products this week as probes mount into the Mark Walter-controlled insurer, which denies any fraud.

Business Lynn Hatem -

Iran Admits War With US Cut Foreign Trade by 35%

Iran's president said foreign trade fell 35% under US sanctions and blockade, as the supreme leader urged action on economic hardship.

Middle East Aarav Shen -

US Plan for Venezuela Oil Stake Draws Opposition Charge of ‘Predatory’ Grab

Reports the US wants a large stake in Venezuela's oil and gas reserves drew charges the plan is 'predatory' and unconstitutional as diesel hit $5.65.

America Aarav Shen -

Latest

BP Profits Surge 144% to $5.7 Billion on Higher Oil Prices and Refining Boom

BP reported a $5.7 billion second-quarter profit, a 144% surge that beat Wall Street expectations, driven by higher oil prices and stronger refining margin

Volvo Cars Sales Slip 4% Over Three Months as China Demand Weakens

Volvo Cars reported a 4% sales decline over the three months through July, weighed down by weakening demand in China amid intensifying competition.

China Unveils Drone Export Controls, Sanctions on Six US Firms Over Trade Restrictions

China announced drone export controls and a ban on dealings with six American entities in response to recent US trade restrictions, deepening tensions.

CoreWeave Enters Indonesia with First Data Center in Asia-Pacific Region

CoreWeave announces its first Asia-Pacific data center in Indonesia, expanding AI computing infrastructure across Southeast Asia's growing digital market.

Walmart Shares Slip After Oppenheimer Downgrade Citing Difficult Short-Term Setup

Walmart shares fell after Oppenheimer downgraded the retailer and removed its price target, warning that high expectations leave little room for upside.

Philadelphia Fed’s Paulson Comfortable With Current Rates but Signals Flexibility

Philadelphia Fed President Paulson says current interest rates are appropriate but keeps an open mind amid persistently high inflation.

Broadridge Quarterly Profit Climbs on Strength in Investor Communications Segment

Broadridge Financial Solutions posted higher quarterly profit, driven by strength in its investor communications segment amid robust shareholder activity.

US Joins Japan in Rare Yen Intervention to Curb Volatility and Steady Asian Markets

The US bought yen alongside Japan to curb currency volatility and reduce risks to Asian markets, Treasury Secretary Scott Bessent said, in a rare joint mov

Oil Pares Gains as Bessent Signals Hormuz Deal Could Land Within Days

Crude prices eased after US Treasury Secretary Bessent signaled a Strait of Hormuz reopening deal could come within days, emphasizing freedom of movement.

JPMorgan’s Dimon Spearheads Cross-Industry Coalition to Address Emerging AI Risks

JPMorgan CEO Jamie Dimon is spearheading a new cross-industry effort to tackle the risks posed by rapid advances in artificial intelligence.

CVS Beats Estimates and Raises Profit Forecast on Stronger Drug Revenues

CVS Health topped earnings estimates and raised its annual profit forecast on stronger drug revenues, unveiling a new Eli Lilly collaboration for Zepbound