Business

The latest in business, ranked by importance and recency.

South Bow to Pay $26.9 Million Penalty and Spend $40 Million on Pipeline Safety After 2022 Kansas Spill

AP News

business1 hr agoUpdated

South Bow to Pay $26.9 Million Penalty and Spend $40 Million on Pipeline Safety After 2022 Kansas Spill

A proposed settlement filed in U.S. District Court in Kansas requires South Bow to pay a civil penalty and spend roughly $40 million on prevention measures after the largest onshore crude pipeline spill in the United States in nine years. The agreement resolves allegations that t…

6 sources

energy climate legal potus

Trump Reports $1.4 Billion Crypto Gains; Senate Clarity Act Discussed

businessinsider.com

business4 hrs ago

Trump Reports $1.4 Billion Crypto Gains; Senate Clarity Act Discussed

President Donald Trump's disclosure of $1.4 billion in crypto-related wealth is influencing negotiations over ethics rules in the Digital Asset Market Clarity Act. A new draft is expected in days as the Senate considers a vote this month.

1 source

crypto-regulation congress ethics digital-assets potus white-house press-briefing

Dubai Announces Plans for New Port on UAE East Coast

theconversation.com

business8 hrs ago

Dubai Announces Plans for New Port on UAE East Coast

Dubai officials announced plans to build a new port on the UAE's eastern coast. The facility would increase shipping capacity and create an alternative route avoiding the Strait of Hormuz after the recent US-Iran war. No timeline or cost details were released.

6 sources

Bitmine Immersion Technologies Reports $11.3 Billion in Holdings

coindesk.com

business8 hrs ago

Bitmine Immersion Technologies Reports $11.3 Billion in Holdings

Bitmine owns 5,770,038 ETH representing 4.8 percent of total supply along with 206 BTC and other assets. The company staked 4,917,189 ETH valued at $9.0 billion.

2 sources

Robinhood Chain trading volume rises from $200,000 to over $500 million in nine days, led by memecoins

ambcrypto.com

business11 hrs ago

Robinhood Chain trading volume rises from $200,000 to over $500 million in nine days, led by memecoins

Robinhood launched its Ethereum layer-2 blockchain in early July 2026. Memecoins quickly became the most traded assets on the network, with one token reaching a $150 million market capitalization.

3 sources

Twelve States Sue to Block Paramount Skydance Acquisition of Warner Bros. Discovery After Federal Approval

New York Post

business2 hrs agoUpdated

Twelve States Sue to Block Paramount Skydance Acquisition of Warner Bros. Discovery After Federal Approval

California and 11 other states filed an antitrust lawsuit challenging the $111 billion deal. The suit alleges reduced competition in film distribution and cable channel licensing. The Department of Justice approved the merger last month.

+10

15 sources

South Korea to Create Fund for Future Industries Using Semiconductor Tax Revenue

Yonhap

business13 hrs agoUpdated

South Korea to Create Fund for Future Industries Using Semiconductor Tax Revenue

President Lee Jae Myung said Monday the government will establish a future response fund financed by extra tax revenue from the AI semiconductor boom. The fund will support investments in future industries, youth policies, regional development and education.

2 sources

Apollo Receives £7.15-per-Share Bid for easyJet After Castlelake Offer

cnbc.com

business3 days agoUpdated

Apollo Receives £7.15-per-Share Bid for easyJet After Castlelake Offer

Apollo Global Management submitted a cash offer of £7.15 per share for easyJet, valuing the airline at £5.7 billion. The bid exceeds Castlelake's earlier proposal and prompted easyJet shares to rise more than 13 percent.

6 sources

Kansas City to Host Six World Cup Matches After Chicago Withdraws Over FIFA Contract Terms

nbcnews.com

business2 days ago

Kansas City to Host Six World Cup Matches After Chicago Withdraws Over FIFA Contract Terms

Organizers prepared routes, volunteers and a youth scrimmage for a FIFA delegation visit. The city secured six matches at Arrowhead Stadium after Chicago withdrew its bid.

3 sources

Federal Reserve Chairman Names Experts for Five Policy Review Task Forces

AP News

business4 days ago

Federal Reserve Chairman Names Experts for Five Policy Review Task Forces

Federal Reserve Chairman Kevin Warsh announced the members of five task forces that will examine communications, data, balance sheet policy, productivity and jobs, and inflation frameworks. The groups include academics, former central bankers, and business leaders.

12 sources

Peter Mallouk acquires majority stake in Sporting Kansas City at roughly $700 million valuation

Forbes

business4 days ago

Peter Mallouk acquires majority stake in Sporting Kansas City at roughly $700 million valuation

The wealth advisor and Creative Planning CEO spent hundreds of millions of his own cash on the deal months before July 2026. Mallouk, who holds a $16.1 billion net worth, already owned a minority stake and part of the Kansas City Royals.

2 sources

France Limits Nuclear Output at Three Plants but Grants Heatwave Exemption at Bugey

csmonitor.com

business1 day ago

France Limits Nuclear Output at Three Plants but Grants Heatwave Exemption at Bugey

France's main energy provider shut down three reactors and reduced output at eight others on July 12 to meet environmental regulations during a heatwave. The Economy Ministry granted a temporary exemption for one plant to maintain grid security.

3 sources

Volkswagen Group China Deliveries Fell 36.6 Percent, Global Sales Dropped 8.6 Percent

automotiveworld.com

business2 days ago

Volkswagen Group China Deliveries Fell 36.6 Percent, Global Sales Dropped 8.6 Percent

Volkswagen Group reported a sharp drop in China sales for the April-June period that pulled down its global deliveries. The company said it would reduce its model lineup by up to half.

4 sources

benzinga.com

business3 days ago

U.S. Venture Capital Deployment Reached Record $412.7 Billion in First Half of 2026, Almost Entirely in Large AI Deals

PitchBook and the National Venture Capital Association reported that AI-related deals captured 86 percent of the total. Exit value reached $2.2 trillion, driven almost entirely by SpaceX.

1 source

Jersey Mike’s Files for IPO Valued at $12 Billion

ndtv.com

business3 days ago

Jersey Mike’s Files for IPO Valued at $12 Billion

The sandwich chain submitted its Form S-1 last week to list on the New York Stock Exchange under ticker JMKE. The filing discloses revenue growth, executive pay, and related-party transactions tied to a 2024 Blackstone acquisition.

2 sources

Volkswagen CEO Seeks Alternatives to Plant Closures

Abc News

business1 day ago

Volkswagen CEO Seeks Alternatives to Plant Closures

Oliver Blume said more intelligent solutions exist than closing plants. The comments follow a cost-cutting program that lowered German factory costs 20 percent last year.

4 sources

Circle Receives OCC Approval for National Digital-Currency Trust Bank Charter

bleedingcool.com

business3 days ago

Circle Receives OCC Approval for National Digital-Currency Trust Bank Charter

Circle has received approval to establish a national digital-currency trust bank. The charter supports its stablecoin business and adds institutional custody services under a single federal trust charter. It also places USDC infrastructure under direct federal oversight for the f…

2 sources

Volkswagen to Reduce Annual Production Capacity to 9 Million Vehicles

news.sky.com

business4 days ago

Volkswagen to Reduce Annual Production Capacity to 9 Million Vehicles

Volkswagen announced adjustments to its global production capacity and model lineup. The changes respond to shifts in market conditions and heightened competition.

2 sources

Business

South Bow to Pay $26.9 Million Penalty and Spend $40 Million on Pipeline Safety After 2022 Kansas Spill

Trump Reports $1.4 Billion Crypto Gains; Senate Clarity Act Discussed

Dubai Announces Plans for New Port on UAE East Coast

Warren Asks Dimon About Epstein Ties and 2009 UK Bankers’ Tax Call

Bitmine Immersion Technologies Reports $11.3 Billion in Holdings

Robinhood Chain trading volume rises from $200,000 to over $500 million in nine days, led by memecoins

Twelve States Sue to Block Paramount Skydance Acquisition of Warner Bros. Discovery After Federal Approval

South Korea to Create Fund for Future Industries Using Semiconductor Tax Revenue

Apollo Receives £7.15-per-Share Bid for easyJet After Castlelake Offer

Kansas City to Host Six World Cup Matches After Chicago Withdraws Over FIFA Contract Terms

Federal Reserve Chairman Names Experts for Five Policy Review Task Forces

Peter Mallouk acquires majority stake in Sporting Kansas City at roughly $700 million valuation

France Limits Nuclear Output at Three Plants but Grants Heatwave Exemption at Bugey

Volkswagen Group China Deliveries Fell 36.6 Percent, Global Sales Dropped 8.6 Percent

U.S. Venture Capital Deployment Reached Record $412.7 Billion in First Half of 2026, Almost Entirely in Large AI Deals

Vega Buys 16% of Vodafone from e& for £4.4 Billion as e& Exits Stake

Jersey Mike’s Files for IPO Valued at $12 Billion

Volkswagen CEO Seeks Alternatives to Plant Closures

Circle Receives OCC Approval for National Digital-Currency Trust Bank Charter

Volkswagen to Reduce Annual Production Capacity to 9 Million Vehicles