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Oil price slides as US and Iran pause fire; cancer treatments help AstraZeneca beat profit forecasts
Rolling coverage of the latest economic and financial news
Support group rallies during Minority Mental Health Awareness Month
VIRGINIA BEACH, Va. (WAVY) — A local non-profit hosted a walk at Mount Trashmore Park on Sunday to promote mental wellness through education and mentorship. It’s also in recognition of Minority Men…
Kairos opens new mental health clinic in Eugene for youth and families
The mental health nonprofit Kairos NW has opened a new outpatient clinic in Eugene.
Austin businesses claim ‘confusing’ waterway ban submerges summer profits
The Commodore churns its paddles into Lake Austin without moving. Parked by the Tom Miller dam, the steamboat couldn’t depart for any voyage Saturday. READ MORE: https://www.kxan.com/news/local/austin/austin-businesses-claim-confusing-waterway-ban-submerges-summer-profits/
Austin businesses claim ‘confusing’ waterway ban submerges summer profits
The Commodore churns its paddles into Lake Austin without moving. Parked by the Tom Miller dam, the steamboat couldn’t depart for any voyage Saturday.
A program helps Hill Country businesses rebuild all over again
After another round of destructive flooding, LiftFund is offering grants of up to $10,000 to affected small businesses and nonprofits.
China's CATL sees net profit rise 42% in first half
Chinese battery giant CATL posted a 42% year-on-year rise in first-half net profit, supported by robust growth in its energy storage business that offset softer demand in the electric vehicle market.
Booz Allen Profit, Revenue Falls Despite Accelerating Demand
Booz Allen Hamilton reported lower fiscal first-quarter profit and revenue, but the company maintained its outlook and said it is seeing accelerating demand across parts of the business.
AmEx raises 2026 revenue growth forecast as affluent cardholders keep spending
American Express increased its full-year revenue growth forecast and beat Wall Street expectations for second-quarter profit on Friday as its affluent customers continued to swipe their cards for travel and dining despite lingering economic uncertainty.
HSBC to Sell Singapore Insurance Business to Allianz for $2.1 Billion
HSBC has been undergoing a broad revamp, cutting costs and streamlining operations as it accelerates its pivot to Asia, where it generates the bulk of its profits.
Senate Democrats reject Trump-approved ethics provision in landmark crypto bill
Senate Democrats signaled they would not support a revised version of Republicans’ landmark cryptocurrency regulation bill, saying a new ethics provision approved by President Donald Trump does not go far enough to limit the president’s ability to profit off crypto.
Corporation aims to boost MSU sports revenue. Should it operate in secret?
MSU’s secrecy around Spartan Media Ventures, a new for-profit corporation formed to raise money for sports programs, has some concerned — including members of the university’s own Board of Trustees.
SAP Second-Quarter Revenue Up on Cloud Business Results, Operating Profit Guidance Lowered on Slowing Growth
The German business-software company logged a 9.4% rise in revenue, but saw a slowdown in operating profit growth.
Jayapal, Markey Introduce Updated Legislation to Set Strong Guardrails for Private Equity in Healthcare
Washington (July 23, 2026) – Congresswoman Pramila Jayapal (WA-07) and Senator Edward J. Markey (D-Mass.) today reintroduced the Health Over Wealth Act, legislation that would require greater transparency into private equity firms and for-profit companies that own healthcare entities, including hospitals, nursing homes, and mental or behavioral health facilities. The legislation would put safeguards in place to […]
Former accountant laundered $5.3 million stolen from Children’s Healthcare of Atlanta
The funds were stolen from a not-for-profit pediatric health care system.
Alphabet's cash burn raises alarm for Big Tech as AI spending climbs
Alphabet's first cash burn on record has jolted investors awaiting more Big Tech results next week as soaring AI spending strains one of the world's most profitable companies, and the pain is only expected to increase.
Lazard profit plunges on elevated tax rate, financial advisory volatility
Investment bank Lazard reported a 91% plunge in second-quarter profit on Thursday, hurt by a higher tax rate and a drop in revenue in its financial advisory business.
EasyJet profits plunge 70% as fuel costs soar amid Iran war
Budget airline, which has two US investment firms vying to buy it, also affected by passengers booking later
Alaska Air says business strengthened despite fuel price surge
CHICAGO >> Alaska Air Group returned to profitability in June with a double-digit pretax margin despite fuel prices running nearly 70% higher than a year earlier, CEO Ben Minicucci said on the carrier’s quarterly earnings call today.
Google justifies its massive AI spending with a booming cloud business
Google's cloud business is thriving, as companies adopting its AI and AI infrastructure services help the tech giant to report record profits.
Building Markets to Ring Nasdaq Closing Bell, Celebrating The Power of Small Businesses and Campaign to Transform Lives
Building Markets, a global nonprofit that empowers small businesses in vulnerable communities, will ring the Nasdaq Closing Bell in Times Square on Friday, July 24, celebrating the extraordinary potential of entrepreneurs to create jobs, strengthen families, and transform communities.
Local mental health nonprofit cuts the ribbon on new facility
A local mental health nonprofit cut the ribbon on a new facility.
5 projects at UW–Madison aimed at transforming science and energy with AI receive DOE Genesis Mission funding
The projects, spanning fusion to critical minerals, are among 278 funded awards to national labs, companies, universities and non-profits in order to accelerate breakthroughs in energy, scientific discovery and national security through a new platform that combines AI, supercomputing, quantum systems and advanced scientific instruments.
Erlanger Health System signs letter of intent to join Prisma Health
Erlanger Health System plans to join Prisma Health, creating a 27-hospital system in exchange for a $2 billion strategic capital commitment toward care in the Chattanooga, Tennessee area. | The tentative deal includes a $2 billion strategic capital commitment from Prisma, and would yield a 27-hospital, $9 billion operating revenue nonprofit in the southeast.
Alaska Air says underlying business strengthened despite fuel-hit quarter
Alaska Air Group returned to profitability in June with a double-digit pretax margin despite fuel prices running nearly 70% higher than a year earlier, CEO Ben Minicucci said on the carrier's quarterly earnings call on Wednesday.
Erlanger seeks to join South Carolina health system in proposed $2 billion deal
Erlanger Health could become part of one of the Southeast's largest nonprofit health systems under a proposed partnership with South Carolina-based Prisma Health, a move leaders say would bring $2 billion in investments over 15 years and transform Chattanooga's flagship safety-net hospital.
Quorum Health, a private equity-backed hospital chain, is going nonprofit
After years of trying different strategies, one private equity backed company has decided its best, and maybe only, option is to turn its 11 hospitals back into nonprofits.
Airbus Shares Climb on Midterm Profitability Goal
The stock gained more than 7% after the group said it aimed to significantly boost its profitability in the coming years, betting demand will remain strong.
Is AMC Entertainment Holdings (AMC) Fairly Valued After Its Q2 2026 Results?
AMC Entertainment Holdings (AMC) just posted its second quarter 2026 results, giving investors fresh detail on how the cinema operator is performing on both revenue and profitability after a busy movie slate. See our latest analysis for AMC Entertainment Holdings. At a share price of US$2.20, AMC Entertainment Holdings has swung sharply in recent sessions, with a 7 day share price return of 12.24% after Q2 headlines, yet a 1 month share price return down 22.26% and a 1 year total shareholder...
Dark money group emerges to bankroll pro-Stevens ads in Senate race
The group A Stronger Michigan is mostly funded by Center Forward, a nonprofit organization that has ties to major corporations and industry groups.
More charges expected in NC political nonprofit spending investigation, according to DA
More charges expected after new search warrants indicate a politically connected nonprofit was spending money at strip clubs, beach vacation rentals and golf outings.
AdventHealth, Intermountain Health plan to form Denver-area joint venture
Nonprofit health systems AdventHealth and Intermountain Health announced plans Tuesday to bring Denver-area hospitals and ambulatory sites under a new, to-be-formed joint venture. | The entity would comprise five AdventHealth hospitals, three Intermountain hospitals and their affiliated sites. It would be managed by AdventHealth, which is also expected to be the joint venture's majority owner.
Politics & Power: President Trump’s White House windfall of $2.2B and the ethics questions that follow
Matt Corrigan, a political analyst from Jacksonville University, joins News4JAX anchor Bruce Hamilton on this week’s Politics & Power to discuss the ethics questions raised about policy and profit colliding after President Donald Trump’s $2.2 billion financial disclosures.
Is AMC Entertainment’s (AMC) Record Revenue Proof That the Theater Recovery Is Finally Real?
AMC Entertainment Holdings, Inc. (NYSE:AMC) jumped 16% in premarket trading on Monday after reporting record second-quarter revenue and a surprise adjusted profit. Revenue reached $1.60 billion, compared with the $1.47 billion expected by analysts, while adjusted earnings came in at 14 cents per share instead of the expected 6-cent loss. The quarter provides the strongest […]
Marsh quarterly profit rises on strength in risk management business
Insurance brokerage Marsh reported a jump in second-quarter profit on Tuesday, as it benefited from robust demand for its risk management and consulting businesses.
Earnings Preview: What To Expect From Live Nation Entertainment’s Report
Live Nation Entertainment will release its second-quarter earnings next month, and analysts anticipate a double-digit profit boost.
These 5 Side Hustle Businesses Keep Costs Low and Profits High
With minimal startup expenses, strong demand, and room to scale, these side hustle ideas offer a path from extra cash to a full-time business.
Why Hybrid Healthcare Is a Business Imperative for Employers in Nevada
The Nevada Independent is a nonpartisan, nonprofit news and opinion website founded in 2017 by veteran political journalist and commentator Jon Ralston. The site and its supporting channels are focused on ethical, unbiased and transparent journalism. In general, we aim to gather and disseminate important public information and increase civic engagement.
Why Hybrid Healthcare Is a Business Imperative for Employers in Nevada
The Nevada Independent is a nonpartisan, nonprofit news and opinion website founded in 2017 by veteran political journalist and commentator Jon Ralston. The site and its supporting channels are focused on ethical, unbiased and transparent journalism. In general, we aim to gather and disseminate important public information and increase civic engagement.
'Saved the day for us': Local business steps up to help Big Brothers Big Sisters after S2 eviction
What was supposed to be a time of celebration and fundraising for an Idaho non-profit quickly turned stressful after their event location closed with just days’ notice. Thanks to another local business that stepped in at the last minute, they were able to pull off their most successful fundraising event ever. Big Little Dill Big […]
AMC Entertainment (AMC) Stock Trades Up, Here Is Why
Shares of theater company AMC Entertainment (NYSE:AMC) jumped 17.3% in the morning session after the company reported impressive Q2 2026 earnings results with revenue and Adjusted EBITDA crushing expectations.The cinema chain delivered a blowout second quarter, posting total revenues of $1.60 billion—representing 14.2% year-over-year growth and easily surpassing analyst estimates of $1.47 billion. Profitability metrics were particularly strong, with Adjusted EBITDA soaring to $321.4 million comp
Trump’s attacks on democracy reveal his authoritarian ambitions | LSE United States Politics and Policy
Trump is becoming a dictator, one who combines the transactional pursuit of profit and power with racism, white supremacy, and personalised rule.
AMC Entertainment Q2 2026 earnings: record revenue, surprise profit
The theater chain beat Wall Street estimates on both revenue and earnings as attendance climbed in the U.S. and Europe
AMC Entertainment posted record revenue and a surprise profit as blockbusters packed theaters
The theater chain beat Wall Street estimates on both revenue and earnings as attendance climbed in the U.S. and Europe
How Fox News, MS NOW and CNN Are Building Beyond the Cable Bundle
Fox News, MS NOW and CNN are using profitable linear TV businesses to invest in streaming, memberships and digital products.
Anthropic's $1M gift expands Memphis nonprofit's AI and computer science education efforts
The AI research and development company Anthropic is investing $1 million to help expand computer science and AI education in the Mid-South through a gift to Memphis-based nonprofit Code Crew. Accord...
AMC Entertainment (NYSE:AMC) Reports Upbeat Q2 CY2026, Stock Jumps 15.2%
Theater company AMC Entertainment (NYSE:AMC) reported Q2 CY2026 results exceeding the market’s revenue expectations, with sales up 14.2% year on year to $1.60 billion. Its non-GAAP profit of $0.14 per share was significantly above analysts’ consensus estimates.
Domino's misses quarterly sales, profit estimates on weak demand, competition
Domino's Pizza missed sales and profit estimates for the second consecutive quarter on Monday, underscoring pressure from weak demand, intensifying competition and macroeconomic uncertainty.
I Am A Gentleman Inc. connects young men in Chicago with business clothes
The nonprofit I Am A Gentleman Inc. provided the opportunity Sunday for some young men to shop for new professional clothes.
Why is Seattle event food so pricey? Vendors explain the $8 juice
Seattle food vendors are an integral part of the city's farmers markets and public festivals. But many are struggling to make a profit, let alone a living.
Photos: Nationwide protests target AI data centers
Humans First, a conservative-led nonprofit, organized nationwide protests against AI data centers on Saturday.
Every Day In Every Way, Attribution Science Is Getting Better & Better
Support CleanTechnica's work through a Substack subscription, on Patreon, or on Stripe. Help us produce all of the high-quality, original content we publish week after week despite the challenges of content-scraping AI, antisocial media, inflation, and other hurdles. The National Academies of Sciences, Engineering, and Medicine are private, nonprofit institutions ... [continued]
Paying for early access to Trump’s Truth Social could raise big money
In yet another unprecedented move by America's first billionaire president, Donald Trump may soon be profiting from a new line of business tied to his office: charging access for a first peek at certain posts on his Truth Social platform.
Paying for Early Access to Trump's Truth Social Could Raise Big Money
NEW YORK (AP) — America’s first billionaire president may soon be profiting from a new line of business tied to his office: charging access for a first peek at certain posts on his Truth Social platform. Donald Trump's struggling media company plans to sell Wall Street traders the chance to see ...
A behavioral health recovery center opening in Anchorage’s Fairview neighborhood will focus on mobile outreach
True North Recovery and the Fairview Community Council signed a non-binding contract, called a “good neighbor agreement” that outlines how the nonprofit will operate in order to reduce negative impacts to the neighborhood.
Wagner's New Business Model
Wagner's leftover fighters run a tramadol empire in Central African Republic, fueling gold profits, militia violence, and ties to Sudan's war.
Business owner sells family’s vintage Pokémon cards for personal profit, police say
A business owner is facing felony charges after police said he took a family's vintage Pokémon card collection and sold them for his own profit.
Apple, Google must stop profiting off AI nudify apps, San Francisco AG says
Official estimates Google and Apple likely made millions in nudify app fees.
Fifth Third reports rise in quarterly profit on higher interest income
Fifth Third Bancorp reported a rise in second-quarter profit on Friday, helped by higher net interest income and fee growth in capital markets and wealth management businesses.
San Francisco Demands Apple and Google Delete AI ‘Nudify’ Apps From App Stores
The City Attorney’s Office sent the tech giants cease-and-desist letters this week telling them to stop profiting from 13 “face-swap” apps that are overwhelmingly used to target women and girls.
Sister Cities Celebrated 40 years at the Duluth Entertainment Convention Center
Welll...The smokey air didn't stop a global celebration today.The decc was filled with culture... Food... And community tonight...As "Sister cities" hosted its first-ever dock and dine event.The nonprofit also celebrated
Sports without politics is a fantasy and the World Cup proves it
From ancient Greece to Nazi Germany, sport and politics have long been intertwined. Nevertheless, we still imagine that international sport can be kept above the fray and serve as a neutral arena where nations compete on merit alone. In this article, diplomacy scholar Geoffrey Allen Pigman argues the 2026 FIFA World Cup shows this is a dangerous illusion. When international sport is left entirely to revenue-maximizing private bodies like FIFA, it doesn't escape politics, but rather surrenders to its worst expressions. With the 2028 Los Angeles Olympics fast approaching, the IOC must decide whether to learn that lesson or repeat the same mistakes. The largest and most lucrative FIFA World Cup ever draws toward its climactic conclusion amidst a swirl of controversy. Team members, staff, fans, and spectators have been denied their right to enter the United States to participate, and US President Donald Trump intervened with FIFA boss Gianni Infantino to overturn a referee’s call that Trump believed disadvantaged the US national team. It is a moment to step back and reflect on what the purposes of international sport mega-events like the World Cup, and international sport more broadly, are, and what they should be. Does international sport serve public purposes? Is there a public interest? Or is it primarily a private endeavor organized by commercial enterprises to entertain the global public (and generate profit in the process), which is occasionally used by governments and leaders for raisons d’etat? Central to the idea of sport is the principle of fair play, which in the international context demands that games be free from political interference. However, it is impossible to separate sport from politics, all claims to the contrary notwithstanding. The most positive political use of international sport through the millennia has been to facilitate diplomacy. The use of international sport for diplomatic objectives has existed since at least the time of the ancient Olympic Games, around which was instituted the custom of the Ekecheiria, or Olympic Truce, between participating states to facilitate fair competition and diplomatic achievements by ensuring that participants could travel safely to the Olympiad. In his seminal work On Diplomacy (1987), diplomacy scholar James Der Derian characterized the objectives of diplomacy as overcoming alienation and mediating estrangement between governments and between peoples. One increasingly important diplomatic tool in the technology-infused media environment over the past century has been public diplomacy, under which governments and non-state diplomatic actors (e.g. transnational corporations) communicate to global publics about their international policy objectives and to shape their global brand image. Political scientist Michał Kobierecki, in his important book Sports Diplomacy (2020), views sports diplomacy as falling broadly within the ambit of public diplomacy, as international sport intimately involves the participation of global publics as spectators and consumers of global media. Diplomacy scholar Stuart Murray and this author, in a 2013 article, distinguish between international sport used for diplomatic purposes and international sport-as-diplomacy, which encompasses the range of diplomacy that occurs as teams and competitors, spectators and fans, and government officials all converge for international sporting events like the Olympic Games and FIFA World Cup. Diplomacy scholar H.E. Chehabi, in a 2001 article on US-Iran sports diplomacy, describes the interaction between spectators and fans at international sporting events as “people-to-people diplomacy,” in which relationships develop independently of governments and their objectives. Diplomacy by the aforementioned definitions is often unsuccessful. Moreover, all too often the tools of diplomacy may be employed by governments and other actors to thwart or oppose the objectives of diplomacy as characterized by Der Derian. Governments routinely use the tools of public diplomacy to disseminate propaganda, spreading misinformation in the attempt to deceive global publics about their objectives and to create misleading impressions about their brand identity. Within sports diplomacy, the term “sportswashing” has been coined recently to describe how governments invest in and promote international sport to create positive global public impressions of their nations and, in doing so, to distract the global public from their deficient records in areas such as human rights and democratic governance. Murray, in his 2018 book Sports Diplomacy: Origins, Theory and Practice, introduces the concept of sports anti-diplomacy, wherein governments intentionally use international sport to advance aggressive and nationalistic objectives. Obvious historical examples include Hitler’s use of the 1936 Berlin Olympics to glorify his Third Reich and the 1969 El Salvador-Honduras football “war.” SUGGESTED READING The beautiful game made ugly By Emily Ryall FIFA argues that it is and seeks to be apolitical in its stewardship of international Association Football (soccer). FIFA policies governing bids to host the World Cup require uninhibited and non-discriminatory access for players, team staff, and spectators of all participating countries to host nations and venues. It became clear soon after Trump returned to power in the United States in January 2025 that Trump’s political intentions and objectives to limit non-US citizens from living and working in the United States and, in numerous cases, even visiting the country, would collide with FIFA’s host nation policies. Beginning soon after the start of the second Trump administration, US federal authorities imposed restrictions on entry to the United States of citizens of between 20 and 40 countries for any purpose, with only limited exceptions. Federal Immigration and Customs Enforcement (ICE) began arresting non-US citizens in the United States, including persons with and without legal status, holding them in jails, concentration camps, and other detention facilities until they were deported to their home or third countries, where they faced substantive risks to their personal safety. FIFA boss Gianni Infantino, in an effort to ensure the most successful and lucrative World Cup in history, engaged diplomatically with President Trump in an attempt to facilitate entry to the US for World Cup participants. Infantino did all in his power to ingratiate himself with Trump, to the extent of creating a FIFA “Peace Prize,” which he awarded to Trump in December 2025 at a ceremony in the then Trump-controlled John F. Kennedy Center for the Performing Arts in Washington, DC, on the occasion of the World Cup draw. The prize was an ersatz consolation for someone who aspired in vain to win the rather more prestigious and well-known Nobel Peace Prize. And in the run-up to the World Cup, conditions became worse. In February 2026, Trump and Israeli Prime Minister Benjamin Netanyahu launched a war of aggression against Iran, illegal under international law, under the false pretence that Iran’s government was preparing to attack the United States and Israel. During the US aerial bombardment of Iran, US planes bombed Azadi Stadium, the facility where Iran’s national football team trained. As the 2026 FIFA World Cup began, it was clear that Infantino’s efforts had been for naught: the Trump administration would not adhere to FIFA policies governing access to World Cup host nations. World Cup referee Omar Artan, a citizen of Somalia, was denied a US visa to enter the United States to participate in the World Cup. Trump’s government only granted US visas to Iran’s football team ten days before they were scheduled to arrive for the tournament. Numerous members of the support staff for Iran’s team were denied US visas. Iran’s team, which had been scheduled to train in Arizona, was directed to shift its training site to Tijuana, Mexico, notwithstanding that all three of their group stage matches took place at US venues. The US Department of Homeland Security only permitted the Iranian team to enter the US on the day before each scheduled match and then to return to Mexico immediately after playing. Members of Iraq’s and Switzerland’s football teams were delayed for hours by US officials at the US border, and an Iraqi team photographer was refused entry. Spectators and fans from Haïti and Iran were denied entry to the United States altogether. A large number of fans from a range of countries had their applications for US visas rejected. There were multiple off-ramps through which participants could have avoided the negative consequences of Trump’s decisions for the 2026 World Cup. Once it was clear that the Trump government intended to violate the established expectations for World Cup hosts, FIFA could have shifted the matches scheduled to take place in the United States to Mexico and Canada. The three nations were already designated as co-hosts, and host cities and venues had been selected. Once it was clear that FIFA, governed by FIFA boss Gianni Infantino’s dependent and dysfunctional relationship with Trump, would never consider this option on its own, it fell to the national football federations to act. The national federations, particularly some combination of federations of the leading contenders (France, Spain, Brazil, Argentina, Morocco, England, Germany, etc.), could have refused to participate under the US-imposed conditions or, at the least, demanded an ironclad agreement with the Trump government that FIFA policies on access would be respected. ___ International sport is inextricably entangled with diplomacy of different sorts, for good or ill, it cannot be considered to be in the purely private realm and left to revenue-maximizing private actors. ___ Why did neither FIFA nor the national football federations act to protect the interests of players, team staff, referees, fans, and spectators? In essence, the relentless engines of capitalism prevailed over norm observance, ethics, and fair play. The revenue interests of FIFA, sponsors, global media, and host cities won out. FIFA’s managers viewed hosting another World Cup principally in the United States as a veritable pot of gold for FIFA and its collaborators. FIFA has estimated its own revenue over the 2023-26 budget cycle, which includes the 2026 World Cup, at $13 billion, revised up from an initial projection of $11 billion, and 72% higher than the previous revenue cycle. Of that total, FIFA is estimated to have generated $8.9 billion from the Cup itself in revenue from TV rights ($3.92 billion), sponsorships ($2.69 billion), ticket sales ($3.1 billion), licensing rights, and other sources. A joint study by FIFA and the World Trade Organization estimates that the World Cup will contribute over $40 billion to global GDP, including nearly $14 billion in direct visitor spending in the three host countries (but principally in the United States, which hosted the lion’s share of the matches). The FIFA World Cup is now reportedly “the single most lucrative recurring commercial property in global sport.” And yet, notwithstanding the Trump government’s uses of the World Cup for sports anti-diplomacy, and the climate of anxiety that this created for participants and spectators, diplomacy that did not depend upon governments was able to thrive at the World Cup. Examples of successful people-to-people diplomacy were legion, as citizens of towns and cities across the States, as well as in Mexico and Canada, welcomed team members, their families and supporters, to training sites across North America. Fans of different teams joined together in person in stadiums for matches, at watch parties and bars, and at welcome events sponsored by host cities. The joy and camaraderie shared between the citizenry of Boston and Scotland’s “Tartan Army” of fans is but one example of how the “Beautiful Game” brings people together. Friendships forged across continents are likely to endure well beyond the Cup final. Even those achievements cannot be seen as unalloyed, however. As South African football fan Byron Pillay commented to Al Jazeera, “Football is called the Beautiful Game for a reason, for its ability to unite people. But it’s hard to believe in that magic with the politics and war rhetoric off the field of play, especially when one of the tournament hosts is central to that.” Ultimately, the experience of the 2026 FIFA World Cup illustrates that, as international sport is inextricably entangled with diplomacy of different sorts, for good or ill, it cannot be considered to be in the purely private realm and left to revenue-maximizing private actors. As long as there is the possibility of diplomatic progress in mediating estrangement between governments or between peoples, there is a broad and overarching public interest in international sport. Likewise, as it would be difficult to put on an international sport mega-event without international sporting organizations like FIFA and the International Olympic Committee (IOC), global media firms, and companies purchasing sponsorships, public and private interests in international sport must coexist, most likely somewhere on a shifting spectrum between partnership and rivalry or cross purposes. As the World Cup wraps up, the IOC needs to consider its lessons before the scheduled 2028 Los Angeles Olympics if they want to avoid a media-hyped Trump version of the 1936 Berlin Olympiad. The IOC and the National Olympic Committees need to set conditions on and make demands of Trump’s government with clearly articulated consequences for non-compliance, up to and including cancellation of the Games. Time is running out for the IOC, as unlike with the FIFA World Cup, there is no at-the-ready alternate venue for Los Angeles.
Trump media firm plans to sell high speed access to Truth Social posts
The move would allow Wall Street firms and other institutions to get news from Truth Social contributors in milliseconds so they can make quick profits off transactions in stocks, bonds and interest rates
Do Good Fest raises $200K for youth mental health nonprofits
Last weekend’s Do Good Fest charity concert raised $200,000 to support youth mental health.
Abbott Boosts 2026 Profit Guidance as Sales Across Business Rise
Abbott Laboratories raised its 2026 profit guidance after a stronger-than-expected second quarter driven by improved performance across most of its business lines.
Residents ask Hillsborough to stop funding Israeli business nonprofit
The Florida Israel Business Accelerator has helped nearly a dozen Israeli businesses open offices in Hillsborough County.
Elevance Health Profits Eclipse $1.4 Billion As Costs Ease Somewhat
Elevance Health reported second quarter net income of $1.45 billion as medical costs fell in some health plans, triggering an improved outlook for the rest of the year.
Elevance raises annual profit forecast on better medical cost management
Elevance Health raised its annual profit forecast after beating second-quarter earnings estimates on Wednesday, as it looks to keep medical costs in check.
China's Sinopec establishes four business units in major overhaul, officials say
Sinopec is launching a major internal restructuring, setting up new business units and relocating hundreds of staff, as the world's biggest refiner seeks to lift profits amid flagging Chinese oil and petrochemicals demand, company officials said.
India's ICICI Prudential Life reports quarterly profit jump on strong premium growth
ICICI Prudential Life Insurance reported a 27.8% rise in first-quarter profit on Wednesday, supported by strong premium growth from its high-margin products.
Taylor Riggs: This is an economy that's open for business
'The Big Money Show' co-host Taylor Riggs reports on major banks like JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup, and Wells Fargo delivering blowout profits in Q2, indicating a resilient economy and strong consumer spending.
Former nonprofit business manager pleads guilty to bank fraud
The former business manager of a local nonprofit pleaded guilty to bank fraud in federal court on Tuesday.
NSF Seafood Engine in New England wins $15M U.S. National Science Foundation award to strengthen fisheries and aquaculture
KINGSTON, R.I.—July 14, 2026— The U.S. National Science Foundation announced a major new award to bolster the American seafood industry through the NSF Regional Innovation Engines (NSF Engines) program within the Directorate for Technology, Innovation, and Partnerships. The NSF Seafood Engine in New England, led by the Portsmouth-based non-profit NERACOOS, is a collaboration of seafood […]
HCA Healthcare Shares Drop After Quarterly Earnings Squeezed by Payer Mix Shifts
The for-profit operator of healthcare facilities scaled back financial guidance for the year following payer mix shifts due to health insurance exchanges.
Big Banks Smash Earnings Records, but ‘Tectonic’ Risks Loom
The largest banks in the United States collectively raked in tens of billions of profits in the second quarter, despite the war in Iran and persistent inflation.
Pound marches higher as investors focus on UK politics
The pound rose against the dollar on Tuesday as investors took profits after the U.S. currency's recent climb to more than one-year highs ahead of key U.S. inflation data later in the day, while holding steady against the euro.
Wells Fargo profit jumps on interest income boost
Wells Fargo's profit jumped in the second quarter as its income from interest payments rose.
German retailers warn of worsening business conditions as costs rise
German retailers are facing worsening business conditions as rising energy, labour and purchasing costs squeeze profits while sales remain weak, the German Retail Association (HDE) said on Tuesday, urging the government to act quickly.
The Cutthroat Smartphone Industry And DRAM Crisis Force A Player Out Of The U.S. Market, Giving Apple & Samsung Additional Room To Reap Profits
The brutality of the smartphone industry coupled with rising DRAM costs have forced one manufacturer out of the U.S. market
Health insurers’ $1.7 trillion revenue sparks concern
Physician-legislator Greg Murphy is calling for the breakup of the seven largest for-profit health insurance conglomerates, which he says are taking almost $2 trillion annually from the American pe…
Business Owners: Learn How To Lower Your Energy Costs
With costs rising across the board, operating a profitable business in today’s economy is a true challenge. One area that’s caused considerable strain for New Jersey businesses since last summer is energy costs — but dramatic savings are possible with the right information and a smart strategy. On Tuesday, July 14, the Verona Chamber of […]
The $20 Billion Business Of Resort Anthropomorphism
Dog butlers, Gucci bowls and pet spas? The real story is how luxury hotels are turning consumer psychology into one of hospitality’s smartest profits
Private equity might dodge state laws by partnering with healthcare nonprofits
It wasn’t billed as a takeover. The nonprofit hospice where Washington state nurse Milli Palmer has worked for nearly two decades announced in October 2024 that it was entering a “joint venture” with Compassus, a private equity-backed home health company. The deal was billed as a 50/50 partnership between Compassus and Providence, Palmer’s employer. But […]
Wall Street goes bowling for profits, driving up the price of a middle-class pastime
Fueled by private equity investments, Lucky Strike Entertainment went on a buying spree and now owns more than 1 in 10 American bowling alleys.
When regulation is good for business
By now, I think I have established both my view that I am a fan of ESG investing and the benefits of regulating what is and isn’t a sustainable investment, and my view that in Europe, ESG regulation has gone too far and become too costly. It almost feels like the old Aristotelian maxim of doing things in moderation that leads to the best outcomes is valid in regulatory efforts as well. To give you an example, let’s look at a study by the National Bank of Belgium on the impact of the EU’s Sustainable Finance Disclosure Regulation (SFDR) on fund flows of conventional and ESG funds. The SFDR was announced on 27 November 2019 and came into effect on 10 March 2021. It was implemented in several stages and split funds marketed in the EU into three broad categories: (i) Art. 6 funds that are basically conventional funds without any specific ESG integration, (ii) Art. 8 funds that ‘promote environmental or social characteristics’, which must provide additional reporting how they do that, and (iii) Art. 9 funds that are impact funds. The gaps between the announcement and the phased implementation give us an idea of how fund flows were affected by the regulation. It is clearly visible in the figure below that once the new regulation was announced and when it was initially implemented, fund flows in Art. 8 and Art. 9 funds increased significantly. Conventional Art. 6 funds also saw more inflows, but the increase was not statistically significant. I should add that the data below is pure fund flow, cleaned of performance effects and of any reclassified funds that moved from one classification to another. Note also that once the initial rush in ESG funds was over, additional, stricter regulatory requirements didn’t create that many new flows. This implies that with additional regulation, the funds incurred higher costs to comply but didn’t benefit in terms of new inflows and higher assets under management. Fund flows as the SFDR regulation was implemented in the EU Source: Emiris et al. (2026) When examining the drivers of these flows, the authors of the study found that institutional investors were more likely to switch to ESG funds and particularly so in countries where concerns about sustainability are culturally more accepted. In a society where buy-in into environmental and social risks is higher, private investors were shifting more of their assets into ESG funds as the regulation made it clear which funds are really green and which ones are not. And institutional investors in these countries did so as well, given the societal pressures and reputational risks of sticking with conventional funds. Meanwhile, fund managers reacted to the changing regulatory environment as well. Many funds that were mildly green before the regulation was announced became greener and more sustainable as the regulation was introduced to attract new assets and new investors. Cleverly, and unsurprisingly, these ESG funds also charge on average higher fees, which means that not only did fund managers gather fresh assets, but their profitability increased as well.
The 80/20 Institute Introduces an Approach to Expand Margin Without Cutting — by Concentrating on the 20% That Drives Profit
Lakewood Ranch, FL, July 12, 2026 (GLOBE NEWSWIRE) -- Amid a broad corporate push to 'do more with less,' The 80/20 Institute is making a contra...
They're Building Half A Bridge to Save Science...
Today’s post is about science: what you can do now to protect it from unprecedented threats, and how your action is the first half of a long-term program that Congress must take up next. Let me start with describing the embryonic state of science advocacy. There are many well-meaning organizations: the American Association for the Advancement of Science, Research!America, and subject-specific organizations such as the Society for Neuroscience and the American Physical Society. Their general approach is to emphasize the common good: the remarkable value that science and innovation have provided to all Americans. However, these organizations are offering an incomplete solution. Before I start, a preliminary: If you already know about the threat, go ahead and weigh in with OMB at this link. Ideas about what to say come from Research!America and the American Physical Society. You have until Monday, July 13 at 11:59pm Eastern. Then come back here and read the rest of this post. Finally, get in touch with whoever is likely to be your next member of Congress in 2027. The threat: An end to merit-based science… The onslaught of attacks on science is accelerating. It’s not just cuts to grants, which was the last battle. That battle is not done yet, but there is a new and worse threat. Now comes a proposed public rule from the Office of Management and Budget. The rule would take decision-making power over grants away from experts and put it into the hands of political appointees. Former NIH official Elizabeth Ginexi wrote an excellent summary of what OMB is trying to do, which is codify the executive branch’s ability to award or terminate grants, for arbitrary cause or no stated cause. Since World War II, a necessary step in scientific grant-making has been consideration of scientific merit. This approach has made America into a dominant scientific superpower, the envy of the world. Of course, political considerations do come into the mix. The proposed rule tilts the balance dramatically away from merit. …but why? Many people have difficulty comprehending why Russell Vought and OMB would want to damage science in this way. If you’re a working scientist, you are likely to be particularly uncomprehending. Who would hurt an activity so self-evidently good? The answer is: this is part of the program to replace the rule of law with a personalist regime. OMB Director Russell Vought, a Christian nationalist, would like to implement what legal scholars call a “unitary executive,” and what I would call a dictatorship. Or if you like, a personalist authoritarian regime. I am a working scientist. This rule will debilitate my research. It may chill the speech of scientists for speaking freely in the public sphere. It is a form of personalizing power and decision-making within the executive branch. In short, it sacrifices science in the service of tyranny. To Russell Vought, a decrease in the quality of science might be an acceptable cost. He might even consider it an added benefit to weaken a pillar of soft U.S. power based on knowledge and skepticism. The professional societies are building half a bridge The nonprofits are asking you to make public comment. Public comment is like building the first half of a bridge. Before implementation, OMB is compelled by law to have a period of public comment. Rules have to be consistent with the law and the Constitution. They express the federal government’s stance toward how those laws will be implemented. When a presidential administration works in good faith, these public comments are used to inform their eventual action, and sometimes mitigate it. The comment period reflects our First Amendment right to petition our government. The executive branch is then supposed to take those comments into account - completing the bridge between us, the people, and our government. Project 2025 seeks to take away the second half of the bridge. We have to replace it. The first half of the bridge Organizations like AAAS, Research!America, and SfN are partly right. You should certainly comment. Their core model is earnest: if enough of us make noise, then we will achieve change. This idealistic point of view is offered in good faith. That point of view is also currently bullshit. The fundamental reason is that the federal rulemaking process has two parts: There has to be a period of public comment. OMB makes the final rule…but is free to disregard public comment. Oops. That’s a loophole. However, not all is lost. Congress can complete the bridge Congress has enormous power. That power suggests a roadmap for how to proceed. This lawless administration is still going to issue that rule. Nonetheless, your comments still play an essential role. Here are two steps you can take. Step 1: Send your comment to your Representative and Senator. Whether they are Democrats or Republicans, many of them support science. Whatever you wrote as public comment in the Federal Register, also send it to your member of Congress. You can include information about jobs in your district or state by looking at Joshua Weitz’s ScienceMatters interactive map. Call the U.S. Capitol switchboard at (202) 224-3121 and give your town, zip code, or state, then deliver your message. Step 2: Politicize the hell out of science. You heard me, politicize it as an issue. We hear a lot from the old scientific establishment about science being nonpartisan. This is obsolete, sentimental thinking. Under normal conditions, it was true. But we can no longer make that assumption. We can keep on pretending, but we’re putting science at risk. There is a way forward. Rules are subordinate to the law…and Congress makes laws. Therefore Congress can step in. In this fall’s election, it is likely that Democrats will retake the House of Representatives. That puts at least one chamber of Congress in the hands of Democrats. They are far more inclined than the current Congress to investigate and legislate. This opens a path to undoing the damage. It also creates a permission structure for pro-science Republicans to find a way back from the brink. We have to encourage them. In the House, every district is up every two years. In your district, contact both of the major party candidates. If your state has a Senate race, contact those candidates too. Specifically mention the proposed OMB rule. Ask for two things: For this year’s appropriations process in August and September, ask that amendments be added to stop the implementation of the new rule. Those amendments should support peer-reviewed science and stop political interference. Looking ahead to next year, ask the Congressman/Congresswoman/Senator to work to hold hearings in 2027 on the importance and benefits of peer-reviewed science for health and prosperity. What hearings and amendments will accomplish Congress can use its investigatory power to summon heads of agencies and the director of the OMB. That will allow fact-finding regarding the consequences of this rule. Congress can override the rule through the appropriations process. They can write into statute a requirement to follow peer review and best scientific practices. In this way, Congress can stop the attacks on science. Postscript: Moving forward Now I have a request for you, to help me. As many of you know, I ran for Congress in order to save democracy and science. Although I did not win, that battle continues by other means. I met and heard from thousands of supporters both here in New Jersey and nationally. I learned that pro-science, pro-democracy activists have the potential to become a much greater force. In the weeks and months ahead, I will be building ways to harness that energy. I will be announcing those plans soon. In the meantime, an important step is to wind down the Congressional campaign, which has a few remaining bills to pay. Please help me retire that last debt.
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Over 25 Jacksonville organizations and agencies gather for free community health fair in Arlington
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Memorial Hermann exits commercial insurance business
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