business

AstraZeneca and Bristol Myers Squibb Explore $400 Billion Merger, According to Financial Times

08/02/2026, 01:31 PM business announcement AstraZeneca

AstraZeneca is exploring a potential merger with Bristol Myers Squibb, which could create a combined entity valued at approximately $400 billion, marking one of the largest mergers in history.

States Expand Student Loan Options Amid New Federal Borrowing Caps, Highlighting Risks and Trade-offs

08/02/2026, 07:30 AM business review

As federal student loan caps take effect, states are expanding their own loan offerings, which may provide alternatives for borrowers but come with significant risks and trade-offs compared to federal loans.

Investors Benefit from Oil Market Surge Amid U.S.-Iran Conflict, but Caution Advised

08/02/2026, 06:30 AM business review energy Exxon Mobil Chevron Valero Energy

The recent surge in oil prices due to the U.S.-Iran conflict has significantly boosted profits for major energy companies, but experts caution investors about the risks of holding onto these gains amid market volatility.

Airlines Expect High Airfare to Persist Amid Rising Fuel Costs and Strong Demand

08/02/2026, 05:31 AM business forecast finance consumer Delta Air Lines American Airlines United Airlines Southwest Airlines

U.S. airfare has risen significantly, with June prices up 26.5% year-over-year, as airlines maintain pricing power despite rising fuel costs. This trend suggests that consumers may continue to face high travel expenses in the near future.

Goldman Sachs Reports Record Trading Revenue Driven by Equities Business

08/01/2026, 01:30 PM business growth finance Goldman Sachs

Goldman Sachs has reported significant growth in its equities trading, driven by strategic investments and a focus on client integration, positioning the firm for a potentially record-breaking year in trading revenue.

Buying a Condo with a Mortgage May Become More Complicated

08/01/2026, 07:31 AM business review

New mortgage rules from Fannie Mae and Freddie Mac are set to complicate the process for condo buyers, potentially impacting the housing market and affordability for many buyers.

Retail Giants Walmart, Costco, and Amazon Poised to Benefit from Growing GLP-1 Weight-Loss Drug Market

08/01/2026, 06:31 AM business growth retail healthcare Costco Amazon Walmart

Retail giants like Walmart, Costco, and Amazon are capitalizing on the growing trend of direct-to-consumer GLP-1 weight-loss drugs, as employers increasingly drop coverage for these medications. This shift not only enhances their market share but also fosters long-term customer relationships beyond just the sale of prescriptions.

Best Buy Appoints Jason Bonfig as New CEO, Plans to Open Smaller Stores to Drive Growth

08/01/2026, 05:30 AM business announcement retail Best Buy

Best Buy is undergoing a strategic shift under incoming CEO Jason Bonfig, who plans to revitalize the company by focusing on smaller store formats and enhancing customer experience amid declining sales and market challenges.

Investors Should Focus on the Front End of the Yield Curve Ahead of Upcoming Federal Reserve Meetings

07/31/2026, 12:36 PM business forecast

As uncertainty surrounding interest rates continues to affect the market, analysts suggest that investors should concentrate on the front end of the yield curve to navigate potential volatility.

Fintech Broker Clear Street to Provide Pre-IPO Access to AI Giant Databricks Valued at $188 Billion

07/31/2026, 11:36 AM business announcement ai finance

Clear Street is launching a platform to provide accredited investors access to late-stage private companies like Databricks, valued at $188 billion, amid rising demand for pre-IPO investments. This move reflects a broader trend of private market wealth creation and the desire for retail investors to participate before companies go public.