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Business & Economy
10 stories
BusinessOct 10Updated

Trump Says Russia Will Supply Diesel to US; Zelenskyy Criticizes Deal, Trump Responds

President Trump said Friday he reached an agreement with Vladimir Putin for Russia to supply millions of tons of diesel, and a Treasury license allows imports until April 7. Ukrainian President Zelenskyy criticized the deal, and Trump said Saturday it is "time for Ukraine to get a new president."

Yahoo News · ABC Australia · CBS News · Gcaptain · Rediff · Hurriyet Daily News

BusinessOct 9

Congressional Panel Finds Webull Has Structural Ties to China Government

A bipartisan House Select Committee on China released a report Wednesday finding that trading platform Webull maintains structural connections to the Chinese government that pose a national security risk to U.S. finances.

CNBC · Investors · Breitbart

BusinessOct 9Updated

SpaceX agrees to acquire low-band spectrum to launch Starlink Mobile carrier

SpaceX has agreed to purchase nationwide low-band radio spectrum in the 800 MHz band from investment firm Grain Management, a move the company says will enable Starlink Mobile to operate as a major U.S. cellular carrier competing directly with AT&T, Verizon, and T-Mobile.

The Verge · Phonescoop · Teslarati · Satellitetoday · CBS News · Macrumors

BusinessOct 8

Paramount Completes $110 Billion Acquisition of Warner Bros. Discovery

Paramount has finalized its $110 billion acquisition of Warner Bros. Discovery, creating a new media company called Skydance that unites major film studios, streaming services, and television networks under single ownership. The merger closed on October 8, 2026, after surviving legal challenges and regulatory scrutiny.

The Verge · GuruFocus · Yahoo News · Deadline · Thestockmarketwatch

BusinessOct 8

Navy Awards Anduril $2.9 Billion Contract for Virginia-Class Submarine Components

Anduril Industries won a $2.9 billion U.S. Navy contract to manufacture components for Virginia-class submarines at a new Maryland facility, part of a $6.6 billion total investment aimed at expanding U.S. submarine production capacity.

CNBC · Redstate · Investors · Gcaptain · Defenseone · New York Post

BusinessOct 7

World Bank Raises East Asia Growth Forecast to 4.5% on AI Exports, Warns of Concentration Risk

The World Bank elevated its 2026 growth forecast for East Asia and the Pacific to 4.5%, citing strong artificial intelligence-related exports, but cautioned that the region's heavy reliance on the AI boom leaves it vulnerable to a potential global tech spending reversal.

CNBC · Economic Times · Thestockmarketwatch · Ianvisits · Project Syndicate · Thehackernews

BusinessOct 7

Finland Orders Google to Halt Data Center Construction Over Environmental Violations

Finnish authorities have ordered Google to suspend construction on two planned data centers after the company cleared over 300 hectares of forest without completing mandatory environmental impact assessments, less than a month after announcing a €13 billion investment in the country.

BBC · Helsinki Times · Zerohedge · Arynews

BusinessOct 7

Fuel Industry Cautions Against Trump's Red Dye Diesel Order

President Trump signed an executive order allowing wider use of tax-exempt red dye diesel on highways, but major industry groups are warning retailers to proceed cautiously, citing unresolved tax obligations and logistical complications.

NBC News · Yahoo News · Globalnews · WebProNews · Foxbusiness · Arynews

BusinessOct 6

Saudi Aramco Chief Says Global Oil Stockpile Replenishment Could Take Two Years

The CEO of Saudi Aramco warned Monday that rebuilding global oil inventories depleted by conflict in the Middle East could take up to two years, even if the Strait of Hormuz fully reopens. Nearly 3 billion barrels of oil supply have been lost since February, and the global energy system faces mounting pressure.

CNBC · GuruFocus · RTÉ

BusinessOct 6

Euro Falls to 17-Month Low Amid Political Turmoil in Spain and France

The euro hit its weakest level against the U.S. dollar in 17 months on Monday, driven by political uncertainty in Spain and France alongside broader eurozone fiscal challenges. The currency declined 0.6% to reach its lowest point since May 2025.

CNBC · GuruFocus · RTÉ · DW