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

DoorDash Stock Surges as Analyst Projects 45% Upside on Growing Order Volume

DoorDash shares jump as analyst Mark Mahaney projects 45% upside, citing growing order volume and an expanding subscriber base for the delivery platform.

Versant Raises 2026 Outlook as Platforms Business and Advertising Drive Earnings Beat

Versant Media raised its full-year 2026 guidance after a Q2 earnings beat driven by growth in its platforms segment and stronger advertising revenue.

Asian Tech Stocks Slide as SK Hynix Suffers Brief Flash Crash Amid AI Sell-Off

SK Hynix briefly plunged 30% in a flash crash as Asian tech stocks fell on a Wall Street AI sell-off, though analysts say the investment cycle holds.

Asia Tech Sell-Off Rattles Markets but Leaves AI Investment Cycle Intact, Analysts Say

Asian tech shares have dropped up to 30%, hurting Chinese fund managers who chased AI plays, but analysts say the AI investment cycle remains on track.

Investors Rotate Toward Healthcare Stocks as Technology Trade Faces Growing Turbulence

Wall Street investors are rotating toward healthcare stocks for stability as the technology trade shows signs of strain and heightened volatility.

Eli Lilly Tops Estimates and Lifts Outlook as GLP-1 Drug Sales Surge

Eli Lilly beat quarterly estimates and lifted its 2026 revenue outlook to $85-$87 billion as Mounjaro and Zepbound sales surged 48%.

Uber Issues Soft Third-Quarter Outlook While Deepening Robotaxi Investment Push

Uber posted weaker-than-expected third-quarter guidance while pledging deeper investment in robotaxi and autonomous vehicle technology as a long-term growt

Citadel Posts Best Month in Years After Buying Situational Awareness Stocks at Discount

Ken Griffin's Citadel notched its strongest month in years in July after acquiring Situational Awareness's public stocks at a discount.

US Mortgage Rates Reach Highest Level in Over a Year, Cooling Housing Demand

US mortgage rates have risen to their highest level in over a year, pushing demand below year-ago levels amid geopolitical uncertainty over the Strait of H

Under Armour Deepens Annual Sales Forecast Cut on Weak North America Demand

Under Armour lowered its full-year revenue forecast after first-quarter sales fell, citing weak North America demand and tariff pressures.

Berkshire Hathaway Profit Doubles as New CEO Abel Begins Deploying Cash Hoard

Berkshire Hathaway's quarterly profit doubled as new CEO Greg Abel accelerated share buybacks and began drawing down the conglomerate's massive cash pile.