Business news summaries — Page 5
Essential facts and source links for recent business stories.
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Nuclear stocks’ growth case balances power demand against cost and valuation risks
After a 2026 sector pullback, The Motley Fool sees rising U.S. power demand and new reactor construction as positives, but flags reactor costs, small modular reactor development and valuations. It cites a 60% rise in U.S. demand forecast for 2025–2045. -
On signs Mbappé to a cash-and-equity deal before its 2027 soccer-boot launch
Reuters reported Kylian Mbappé signed a cash-and-equity deal with On after his 20-year Nike partnership ended. On gains its first major star ahead of a 2027 soccer-boot launch. A CNBC source said Nike did not renew his contract, which expired in July 2026. -
Wewahiver’s $14 Bluetooth ring offers hands-free social scrolling
The $14 Wewahiver TikTok Scrolling Ring sold on Amazon connects by Bluetooth to control feeds on TikTok, Instagram, YouTube and Facebook, and can also serve as a camera remote. TheStreet presents it as a more comfortable alternative to repeated swiping. -
Reuters reports BP walked away from possible Devon Eagle Ford purchase
Reuters reported BP walked away from a possible purchase of Devon Energy’s Eagle Ford assets, citing confidential sources. TPH Research analysts said the assets could be worth about $4.5 billion. BP neither confirmed nor denied the report; its shares fell 0.4%, Devon’s 3.6%. -
Disney confirms intent to repair Expedition Everest's stationary Yeti
At an August 2026 D23 event, Disney confirmed it intends to repair the 25-foot Yeti animatronic on Expedition Everest at Animal Kingdom; it has been kept stationary since 2008 because of a risk of cracking. No refurbishment or closure date has been announced. -
Chevron plans about 20 exploration wells as it expands its search
Chevron plans about 20 exploration wells next year and five or six appraisal wells. Exploration chief Kevin McLachlan says his exploration budget will rise more than 50% from 2025; 2026 spending is expected to exceed $1.5 billion, up from just under $1 billion in 2025. -
Goldman argues U.S. inflation is less entrenched than headline data suggest
Goldman Sachs argues U.S. inflation is less entrenched than headline figures suggest: tariffs and AI-related measurement effects lift core goods inflation, while adjusted services and labor-cost measures show less pressure than in other large developed economies. -
Disney's growth trims Comcast's revenue lead to $4.7 billion
Comcast remained ahead of Disney in their latest June-ended quarters, reporting $29.9 billion in revenue versus Disney’s $25.2 billion. Comcast’s total fell 1.2% year over year, while Disney’s rose 7%, led by 10% growth in its Experiences division. -
Jury finds Meta misled New Mexico users, leaving penalties to judge
New Mexico jurors found Meta misled residents: 26 of 29 statements on user data, hate speech and misinformation were misleading, with more than 43 million violations. A judge will set penalties, up to $5,000 per violation; the state says it will push for the maximum. -
Hammack warns years of above-target inflation may normalize high prices
Cleveland Fed President Beth Hammack warned that inflation above the 2% target for more than five years could make Americans see high prices as normal. She said policy should be restrictive enough to return inflation to target but did not specify a rate move. -
An app-based list suggests 64 California Starbucks stores may close
Starbucks plans to close 250 stores across the U.S. and Canada in the coming days; an unconfirmed app-based list identifies 64 California locations. Starbucks declined to confirm the list, which names no locations in San Francisco proper. -
Four arrested in Texas-Arkansas gift-card tampering probe
Texas officials say four suspects were arrested in a gift-card tampering operation spanning Texas and Arkansas. Investigators recovered hundreds of altered cards, representing more than $100,000 in potential losses from a single day’s activity. -
Rhapsodielle sets end-of-October closure for its final two stores
Las Vegas-area fast-fashion retailer Rhapsodielle is closing all its stores; its remaining two Henderson locations are due to shut at the end of October 2026. An Instagram post said store credit and gift cards will be accepted until closing. -
Fed rate hike adds borrowing-cost pressure for women-owned firms
The Fed raised its benchmark rate by 0.25 percentage point on Sept. 16, 2026, to 3.75%–4%, its first hike since July 2023. The hike can raise borrowing costs for women-owned firms facing unequal credit access; 16 of 18 Fed officials projected at least one more hike this year. -
KB Home’s backlog grew 3% as third-quarter housing revenue fell 20%
KB Home’s fiscal third-quarter housing revenue fell 20% year over year to $1.3 billion and deliveries dropped 19% to 2,732, while backlog rose 3% to $2.05 billion. Built-to-Order homes made up 74% of deliveries, but gross margin narrowed to 16.5% from 18.2%. -
Moulin urges France to curb deficit rather than rely on ECB
Bank of France Governor Emmanuel Moulin said France must act to avert a sovereign debt crisis ahead of next year's presidential election and should not expect the ECB to rescue it. He called for budget savings to put the deficit on a downward path. -
Eight states tax Social Security benefits, but some retirees are exempt
Colorado, Connecticut, Minnesota, Montana, New Mexico, Rhode Island, Utah and Vermont tax Social Security benefits, but income limits mean not every resident owes state tax. Rates and exemptions vary, and some retirees could owe tax on 2026 returns. -
ALDI to launch seven fresh meals, with singles under $8 and family options under $15
ALDI says its first seven fresh, ready-made meals will roll out in select U.S. markets in early October, reaching stores nationwide by January 2027. Five single-serve meals will cost under $8, and two family-size options will be under $15. -
Naples raid finds $3.6m and 11 Rolexes allegedly held by Angelino clan
Police in Naples found $3.6 million in bundled €50 bills and 11 Rolex watches in a Caivano apartment, allegedly held by Angelino clan members. Authorities arrested 34 people in connection with the cash and charged them with crimes including drug trafficking and extortion. -
Forbes opinion calls prediction markets an information source, not gambling
A Forbes opinion piece calls prediction markets a source of information, not gambling, and criticizes Minnesota’s ban. Courts have temporarily blocked the state from enforcing it; the author says participants put their own money and knowledge behind forecasts. -
US consumer sentiment fell to 48.1 in September as prices weighed
US consumer sentiment fell to 48.1 in September from 51.7 in August, a University of Michigan survey found, as grocery and gas prices weighed on views of the economy. Year-ahead inflation expectations rose to 4.6% from 4%, their highest reading since June. -
Southwest Florida auto condos cost from the low $700,000s to about $2 million
Climate-controlled auto condos for car collectors are selling in Southwest Florida from the low $700,000s to around $2 million, as many residents struggle to afford homes. Sleeping in the vehicle-storage units is not legally allowed. -
KFC tests breakfast and tableside service at McKinney concept site
KFC is testing breakfast and tableside service at its new Open House concept restaurant in McKinney, a Dallas suburb, which opens Saturday. The morning menu includes breakfast sandwiches, chicken tenders, hash brown sticks, mini cronuts, hot coffee and iced lattes. -
SSA expected to announce 2027 COLA, wage cap and earnings-test limit Oct. 14
The Social Security Administration is expected to announce the 2027 cost-of-living adjustment on Oct. 14, when September inflation data are due, along with new program figures. The earnings-test limit, wage cap and work-credit threshold are expected to rise. -
After grounding its last DHC-8, Yakutia suspends all local flights
Russian airline Yakutia suspended all local flights this week after grounding its only remaining DHC-8 turboprop over a broken right landing-gear strut; the airline is awaiting a replacement. The halt limits air service in the remote Sakha republic. -
Canada explores a Paris Agreement route to sell carbon removals abroad
Environment Minister Julie Dabrusin said Thursday Canada is exploring a Paris Agreement framework for trading carbon credits, so buyer countries could count eligible Canadian emissions cuts or removals toward their targets. Ottawa sees export potential. -
NextEra agrees to acquire 49% of Chesapeake’s Florida gas pipeline
NextEra Energy Resources agreed on Sept. 1 to acquire a 49% stake in Chesapeake Utilities’ estimated $1.2 billion Florida Energy Pathway, a gas pipeline from Palm Beach County to Miami-Dade County. Chesapeake’s Peninsula Pipeline will retain 51% and operate it. -
Investors open Q4 watching payrolls and inflation for rate clues
Investors will watch Friday’s U.S. jobs and euro zone inflation reports and Wednesday’s U.S. inflation data for rate clues. Economists expect 100,000 jobs in September and 4.2% unemployment; futures show about even odds of an October quarter-point Fed hike. -
UK family weighs smaller home to clear £165,000 mortgage at renewal
A UK family is considering selling its home and using the equity to buy a smaller one outright when its fixed mortgage deal ends in December, clearing a £165,000 balance (about $218,300); Reddit commenters warned moving costs could eat into the savings. -
German consumer sentiment slides to -30.6 amid rising energy prices
German consumer sentiment fell to -30.6 heading into October from a revised -26.8 in September, below the -27.4 average forecast in a Reuters poll, as households’ income outlook weakened and most expected high energy prices to reduce their purchasing power, the survey found.
