Business

High mortgage rates and a weakening labor market are squeezing first-time homebuyers who struggle to save for down payments as wages fail to keep pace with inflation.

Peltz's relationship with Wendy's dates back to an activist campaign he led more than two decades ago.

SpaceX stock rose after CEO Elon Musk held an all-hands meeting for SpaceX employees where he discussed artificial-intelligence, Starlink, and the company’s future.

The Internal Revenue Service and the Treasury Department offered guidance on rollovers between retirement plans and individual retirement accounts.

The lawsuit, filed in U.S. District Court in Manhattan, notes that Trump's posts on his own social media site often move financial markets.

Nebius stock jumped 18% after earnings, putting Michael Burry’s short in focus as the AI infrastructure company said payback on new investments fell below two years.

Saudi Arabia has redirected oil exports away from the Strait of Hormuz, but most Gulf producers still lack a reliable backup option to the world's most important energy choke point.

Bank of America is joining other US bank initiatives to strengthen infrastructure—focusing on AI, transportation and water systems.

This places Uganda’s petroleum sector at the heart of one of the most consequential chapters in the country’s history. Oil is not merely another resource; it is expected to serve as a catalyst for industrialisation, infrastructure development, energy security, and broader economic growth. Yet history has shown that natural resources alone do not guarantee prosperity. Their transformative power depends on how effectiv

Eli Lilly’s experimental weight-loss drug retatrutide has yet to be approved by the FDA. | Eli Lilly has filed lawsuits against six U.S. companies, accusing them of selling illegal versions of its experimental weight-loss drug retatrutide.

The PJM Interconnection is considering setting “ride-through” standards after data centers tripped offline in Northern Virginia on July 22, the latest and largest such event in PJM’s history, the grid operator said.

Dating app Bumble announced on Tuesday that it would be getting rid of its hallmark rule that prevents men from making the first move.

When Master Grain Milling Limited produced its first bag of wheat flour in 2013, it was a modest operation running a single production line. Just over 13 years later, the Jinja-based company has grown into a structured agro- processing enterprise with an annual turnover of over Shs 60 billion in the 2025/2026 financial year, backed […] The post Equity Bank powers Master Grain Milling’s rise appeared first on The Obse

Trade Minister Sanjay Tanna has urged Japan to invest in Uganda’s infrastructure, agro-processing and tourism sectors as the two countries seek to deepen economic ties.

It's been a wild summer for stocks, even if it may not feel like it at surface level.

Gristedes CEO warns New York City Mayor Zohran Mamdani's $70 million city-run grocery stores will devastate bodegas and supermarkets nearby.

The courts of law last week delivered major developments across criminal, commercial and corruption cases, including the sentencing of nine people convicted over the 2018 kidnapping and murder of accountant Susan Magara, the dismissal of a Shs 68 million claim against Stanbic Bank and testimony from Gen Edward Katumba Wamala in the trial over the […] The post Court wrap up: Dr Spire Ssentongo followers set fundraiser

Commure wants to automate health care's administrative tasks with AI. An inside look at the messy realities of the startup's ambitious quest.

Jaguar’s upcoming EV has a minimalist cabin with a smartphone-style display.

Supermicro reported its Q4 results after the bell on Tuesday.

Nebius stock was surging on Wednesday after financial results from the AI cloud infrastructure company beat expectations. Short pressure may be helping the rally.

Effective migration policy is not about imposing new patterns of movement, but about making existing ones safer, fairer, and more beneficial for all.

As US employers brace for the largest price hikes on employee health plans in 15 years, a growing number are opting out of group insurance altogether.