Michelle Davenport Business Editor 
Americans Set $1.2 Million Retirement Benchmark, But Most Expect to Fall Short A survey by global asset manager Schroders reveals that Americans believe they need an average of $1.2 million in savings to retire comfortably, but most anticipate falling far short of that goal. The findings, based on responses from 1,500 investors aged 30-79, highlight … Read more
Netflix Stock Plummets 8% on Mixed Q2 Results and Weak Outlook Netflix shares fell more than 8% in after-hours trading on Thursday, marking one of the steepest declines in the tech sector amid mixed quarterly results and a disappointing third-quarter outlook. The drop occurred despite the company’s second-quarter earnings aligning with analyst expectations, according to … Read more
Schwebel’s Bakery, a staple in Youngstown and surrounding regions, is nearing liquidation after a creditor petitioned a federal judge to appoint a receiver. The company, which announced plans to shut down operations by Labor Day, faces a $5,366,781 credit default and legal battles with the Teamsters union. The closure of Schwebel’s Bakery, a regional icon, … Read more
Technology stocks led a broad market decline on Thursday, July 16, 2026, as investors re-evaluated the AI-driven rally. While the S&P 500 fell 0.52% and the Nasdaq dropped 1.19%, analysts point to the outsized influence of semiconductor weightings in major indexes and shifting investor sentiment regarding chip demand sustainability. Semiconductor Volatility and the S&P 500 … Read more
Costco opened its first standalone gas station in Mission Viejo, California, on June 24, 2026. The 40-pump site, accessible only to members, offers fuel at $4.59 per gallon—significantly lower than the local average. The facility marks a strategic shift for the retailer as it expands fuel operations to drive long-term member loyalty. Mission Viejo Standalone … Read more
United Airlines announced on Wednesday that it expects to face nearly $6 billion in additional jet fuel expenses this year compared to projections made at the start of 2026. Despite this significant cost headwind, the Chicago-based carrier raised the low end of its full-year profit forecast, citing robust travel demand and the ability to pass … Read more
X, formerly known as Twitter, operates as a real-time social platform for breaking news, live events and community building, according to its listings on the App Store and Google Play. The service integrates AI-driven analysis via Grok and offers a tiered subscription model called X Premium for enhanced visibility and creator tools. X positions itself … Read more
BlackRock shares surged more than 7% on Wednesday after the world’s largest money manager reported a record $15.34 trillion in assets under management for the second quarter of 2026. The firm saw $192 billion in net inflows, driven by strong demand for its iShares exchange-traded funds and ongoing private market expansion. The financial giant’s performance, … Read more
A fourth lawsuit has been filed to block Paramount’s proposed $110 billion acquisition of Warner Bros. Discovery, with shareholders accusing David Ellison and his father, Oracle founder Larry Ellison, of orchestrating an illegal side deal with President Trump to secure regulatory approval for the merger. The lawsuit, filed Tuesday in Delaware Chancery Court, alleges that … Read more
SpaceX shares dropped below their $135 initial public offering price for the first time on Wednesday, July 15, 2026, hitting an all-time low of $132.75. The decline follows a period of volatile trading for the aerospace company, which saw its stock price surge to over $225 within its first month of public trading. Market Performance … Read more