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Oil prices slump after President Trump announces new Iran talks are imminent, citing pressure from Gulf allies to hold off on a massive round of airstrikes. European and U.S. futures are in the green ahead of the first trading session of August. In Japan, the yen stabilises after U.S. and Japanese authorities confirm joint market intervention. Reports emerge of a $400bn mega-merger between AstraZeneca and Bristol Myers-Squibb which would potentially be one of the largest deals in the pharma sector ever. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The latest news from RNZ's business team.
An early morning update from RNZ's business team.
An early morning update from RNZ's business team.
Once again prediction markets face a legal challenge and that is where we start this evening. This is the Business News Headlines for Friday the 31st and final day of July. Thanks so much for being with us again. In other news, the Trump administration targets trains coming from Mexico…and why. Markets ended the month higher. Speaking of higher…oil companies report huge profits due to rising oil prices. It's happened again, rogue AI agents hack into three organizations. More lawsuits have been filed against social media companies and why. We'll check the numbers in The Wall Street Report and United is taking out the middle seat on some flights…and when. Thanks for listening! The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon Central on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour...and on Threads @Insight_On_Business.
The latest news from RNZ's business team.
Mark Pownall is joined by Business News reporters to talk about the big events of the week in WA business and politics. In this edition they discuss oil refining, desalination, Northern Star, strike actions, data centres, Golden Sedayu, and the latest in Greg Poland's defamation action.
An affiliate of a Canadian aerospace manufacturer has filed for bankruptcy protection for its longtime factory in Southwest Ohio, according to a local report.Magellan Aerospace USA Inc. is seeking Chapter 11 protection for the Magellan plant in Middletown, the Journal-News reports. Documents filed with the court reportedly listed assets of $10 million to $50 million and liabilities of $50 million to $100 million.The Chapter 11 process typically allows companies to continue operating their assets; the filing would reportedly authorize company officials to pursue a restructuring or reorganization, as well as a sale of the facility or liquidation, if necessary.Magellan, based in suburban Toronto, makes complex assemblies and systems for aircraft manufacturers, engine makers and space agencies across the globe from production facilities in North America, Europe and India. The company says the Middletown plant manufactures high-temperature, vacuum-brazed honeycomb structures for exhaust systems and control surfaces and offers assembly of titanium- and nickel-based alloy components and aluminum structures.The facility traces its roots to 1928, when a company eventually known as Aeronca was founded in Cincinnati; it moved to suburban Middletown following a 1937 flood, and was acquired by Magellan predecessor Fleet Aerospace 40 years ago.Magellan officials indicated in a corporate resolution this month that bankruptcy would be in the best interests of the company along with those of its creditors, employees and other stakeholders. The Journal-News said that the company did not respond to multiple requests for comment.#Manufacturing, #Aerospace, #AerospaceManufacturing, #Bankruptcy, #Chapter11, #Ohio, #MagellanAerospace, #Aviation, #SupplyChain, #IndustrialNews, #ManufacturingNews, #Aircraft, #Factory, #BusinessNews, #Industry
Understanding the sluggish growth of the U.S. economy is where we start this evening. This is the Business News Headlines for Thursday the 30th day of July, thanks for being with us. In other news, Wall Street roared back today with a nod to Microsoft. The 30-year fixed mortgage rate climbed yet again. The European Union is offering billions to companies who wish to build data centers there…and why. Strong sales of the Apple iPhone drive revenue higher and better than expectations. In more earnings news Amazon also reported a strong quarter. We'll check the numbers in The Wall Street Report and FIFA is back in the news as Europe threatens a boycott of the World Cup. Thanks for listening! The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon Central on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour...and on Threads @Insight_On_Business.
The Kospi rollercoaster continues - Korea's main stock index records its best day ever as SK Hynix and Samsung increase their valuations by more than a quarter. The Nasdaq breaks a 6-day losing streak as Microsoft adds the most to its market cap in a single day of any company, ever. Elsewhere, the Bank of England delivers its fifth hold in a row, with the MPC voting 6 to 3 to keep rates unchanged. And Italian defence giant Leonardo upgrades its profit and order forecasts for the year as new contracts surge 45-percent in the first half.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
An early morning update from RNZ's business team.
An early morning update from RNZ's business team.
The latest news from RNZ's business team.
Several things came together today to tank Wall Street and that's where we start this evening. This is The Business News Headlines for Wednesday the 29th day of July, thanks for being with us again. In other news, we'll take a deeper look at the Fed decision today. Also in the news and a blow to unions a court strikes down collective bargaining in Wisconsin. Starbucks reports better than expected sales. An arts school in Michigan reveals a link to Jeffery Epstein and concerns about sexual involvement by faculty and staff. We'll check the numbers in The Wall Street Report and we'll take a deeper look at food prices that have spiked by 33%. Thanks for listening! The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon Central on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour...and on Threads @Insight_On_Business.
American equities plummet and borrowing costs hit their highest in nearly two decades as investors find little to like in the Fed's fifth 'hold' in a row. But, Chairman Warsh hints that a hike could be on the way. Elsewhere, investors digest a mixed bag of tech earnings from across the pond. Microsoft's cloud growth accelerates at its fastest pace in nearly five years, but Meta takes a hit as Mark Zuckerberg doubles down on AI spending. And strong EV demand boosts Renault sales in the first half, as the French carmaker withstands pressure from its Chinese peers.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
An early morning update from RNZ's business team.
An early morning update from RNZ's business team.
The latest news from RNZ's business team.
Plus, Boeing logs another quarterly loss amid spending push on new Air Force One jets. And, PayPal's CEO says he's open to evaluating sale offers, while focusing on the company's turnaround plan. Alex Ossola hosts. Sign up for WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Minnesota attempted to halt prediction markets but a judge stopped the effort and that is where we start today. This is The Business News Headlines for Tuesday the 28th of July, thank you for being with us. In other news, the Federal Reserve is expected to keep rates stable much to the ire of President Trump. Consumer confidence in the U.S. economy dips yet again. eBay and a 50 million dollar judgement made the news. We'll check the numbers in The Wall Street Report and FIFA is back in the news and it's about investments. Thanks for listening! The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon Central on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour...and on Threads @Insight_On_Business.
Another day, another circuit breaker on the Kospi: AI capex fears spill across Asian equity markets, on the back of a five-percent slump in Nvidia shares that sees Apple regain its crown as the world's most valuable public company. In other news, oil prices extend yesterday's declines amid hopes for some kind of resolution to the Iran conflict. LVMH gets a lift as sales inch higher in the second quarter, with US strength helping the company to shrug off weaker demand in Europe. And Mercedes-Benz sees a boost in second quarter operating profit but warns of intense competition and subdued demand in China.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
An early morning update from RNZ's business team.
News from the business sector.
An early morning update from RNZ's business team.
It's a scorcher here in the Midwest with the "feels like" temperature sitting at 117 degrees. This is the Business News Headlines for Monday the 27th day of July, thanks for being with us. We kick things off today with news that the Cracker Barrel CEO is leaving and we'll remember that huge backlash over her attempt to re-brand the restaurant chain. In other news, mediators say they are making progress in defusing the war. The new bridge linking the U.S. and Canada opened today and it will make a big difference in moving products to and from both nations. We'll check the numbers in The Wall Street Report and big news out of YouTube and NBC to share with you today. Thanks for listening! The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon Central on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour...and on Threads @Insight_On_Business.
Oil prices plunge as Iran reportedly says it will hold off on strikes as long as the US does the same, while Trump advisers fear over munitions supplies. Calming hostilities in the Middle East helps lift equity futures on both sides of the Atlantic - investors brace for a big week of corporate earnings and central bank decisions. Elsewhere, CXMT becomes the biggest China-listed company by total market cap in its blockbuster IPO - surging more than 500-percent in Shanghai. And French President Emmanuel Macron is set to hold a crisis cabinet meeting today, as hundreds of thousands of people are displaced as wildfires tear across France and Spain.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
An early morning update from RNZ's business team.
The latest news from RNZ's business team.
An early morning update from RNZ's business team.
An early morning update from RNZ's business team.
An early morning update from RNZ's business team.
Middle East concerns push Brent to $100 a barrel while equity and debt markets see sell-offs on both sides of the Atlantic. European stocks suffer their biggest losses in a fortnight with German yields spiking to their highest level in 15 years. President Trump launches his latest round of tariffs with most major trading partners affected. Eu foreign policy chief Kaja Kallas has called the measures a ‘negative surprise'. German software giant SAP pares back its FY guidance but its cloud order backlog is up by 26 per cent. Meanwhile, VW shares are lower in pre-market sales after the car maker predicted 2026 sales to fall by 3 per cent.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
With the price of oil surging it's clear that you, the consumer, will be paying more and today we'll take a deep dive into what you may expect. This is the Business News Headlines for Thursday the 23rd of July, thanks for being with us again. In other news, the tariffs placed on Canada are they real or some sort of tool? What President Trump is saying about AI and high utility bills. We'll check the dismal number in The Wall Street Report and because there is a lack of good news today…we'll double down on the notion that AI spending may be over priced. Thanks for listening! The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon Central on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour...and on Threads @Insight_On_Business.
Alphabet shares pare back overnight as investors scrutinise its ever-increasing capex plans. Tesla is also down after missing on earnings while free cash flow turns negative. Elsewhere, Unicredit raises its outlook after posting a beat on both the top and bottom lines as CEO Andrea Orcel tells CNBC the bank is firing on all cylinders. And forex headwinds take a bite out of Roche's first half sales, but the Swiss drugmaker confirms its full-year targets.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
An early morning update from RNZ's business team.
What happens when an AI agent goes rogue? OpenAI has some explaining to do and that is where we start this afternoon. This is the Business News Headlines for Wednesday the 22nd day of July, thanks for being with us. In other news, Google parent Alphabet exceeded profit expectations. Meanwhile, Tesla profits fall and why that happened. A new bridge will open and why the United States has been disinvited to the party. We think you'll enjoy this story. We'll check the numbers in The Wall Street Report and for the conversation you'll meet Glen Leaders the owner of Leaders Tractor and Combine Salvage based in Iowa. We did this interview while on a bus headed for the Oregon coast. Thanks for listening! The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon Central on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour...and on Threads @Insight_On_Business.
UK inflation data hits the tape - new Prime Minister Andy Burnham vows to practice fiscal discipline, scrapping VAT on electricity bills and facing calls to extend tax breaks for young workers. Elsewhere. three tankers carrying Saudi oil are forced to U-turn in the Red Sea amid Houthi threats, as a new front opens up in the US-Iran conflict. On the tech front, Samsung is reportedly in talks to invest up to 1 billion euros in French AI firm Mistral. And Santander says it's on track to meet its targets for the year after underlying net profit jumps by nearly a fifth amid higher revenues.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What affect can the recent threat from the Houthis in Yemen have on world trade?
Here we go...again. Our friends in Canada are being targeted by President Trump and that is where we start this evening. This is the Business News Headlines for Tuesday the 21st day of July, thanks for being with us. In other news, businesses may feel free to discriminate against women, men, folks from various ethnic groups. How? We'll share. There is a new ban on social media use that has made the news. ESPN is cutting staff and we'll share why. In yet another sports story we'll tell you about Progressive and the yet to start WNBA Cleveland team. We'll check the numbers in The Wall Street Report and what's going on with Kraft/Heinz and Disney? We'll share the news. Thanks for listening! The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon Central on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour...and on Threads @Insight_On_Business.
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