Business

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Business

Another travel company files for bankruptcy and cancels trips

While airlines are currently struggling with the spike in jet fuel prices caused by the war in Iran, the situation is often even more dire for travel agencies and companies selling various package holidays and organized tours. The string of family-owned travel agency collapses has been particularly prominent in the United Kingdom in recent months.

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Business

What Wall Street expects from SpaceX’s first earnings report

SpaceX has operated as a private company for more than two decades. On August 4, that changes. The company reports Q2 2026 results after market close, its first earnings release since listing on the Nasdaq in June. Wall Street will see the actual financials behind one of the most closely watched stocks of 2026 for

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Business

Best Buy’s new CEO surprises investors with peculiar plan

Best Buy (BBY) has spent years trying to shake off a sales slump, and its next leader thinks part of the answer is smaller buildings. Jason Bonfig, who becomes Best Buy’s sixth chief executive on November 1, told CNBC that he wants to open compact stores in towns and neighborhoods that its full-size locations never

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Business

Roblox made one change and wiped out $9 billion

Roblox (RBLX) looks like it’s tearing down the engine that made its platform so profitable. The gaming company altered its recommendation algorithm to favor experiences with greater long-term retention over viral, highly monetized titles. And younger players are being steered toward newer and older “evergreen” titles that earn less money per hour of play. Roblox

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Business

Jeff Bezos just named Amazon’s next big pillar

In 2018, Jeff Bezos stood in front of Amazon employees at an all-hands meeting in Seattle and told them the company would one day go bankrupt. That quote resurfaced widely in late July 2026, almost exactly as Bezos appeared in a Fortune interview telling investors that Amazon’s chip business is on track to become one

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Business

Boeing stock slips after CEO reveals Air Force One disappointment

Boeing investors got a mixed picture last week. The plane maker is delivering more jets than it has in years. But a familiar problem, its presidential aircraft contract, is still eating into profits. The company’s second-quarter results showed notable progress in production. At the same time, one troubled defense program added a massive $280 million

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Business

Alphabet’s stock splits: History & prospects explained

Alphabet was founded as Google in Menlo Park, California, in 1998, and its original name quickly became synonymous with the concept of the internet search engine. The company went public in 2004, and more than two decades later, it’s the third-largest company by market capitalization, with its shares valued at more than $4 trillion (as

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Business

Tesla rival trims spending plans despite revenue beat

Valued at a market cap of $22 billion, electric vehicle manufacturer Rivian has underperformed the broader markets in recent years. Down 80% from all-time highs, the EV maker beat Wall Street revenue consensus estimates in Q2 and surprised investors with a lower capital spending forecast. For Rivian (RIVN), the announcement comes at a pivotal moment

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Business

BofA refuses to embrace cybersecurity darling ahead of earnings

Every investor has felt the itch to buy the one stock everyone else already owns. Fastly’s chart this year has that kind of pull, a steady climb that turns skeptics into buyers with each new high. One of Wall Street’s largest banks looked at that same chart and decided to stay out. BofA Global Research

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Business

Software company soars amid plans to cut 1,000 jobs

ServiceNow (NOW) plans to cut up to 1,000 jobs, and its stock went up on the news. That reaction surprised many people, given that layoffs usually signal trouble. Yet NOW’s stock price climbed toward $111 after the plan surfaced, up about 9% over five trading sessions. The stock had fallen more than 24% year-to-date before

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