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Friday, October 16, 2026
The New York Finance

Top Business News Around The World

Friday, October 16, 2026

Business

Oil prices rise further as Israel-Iran extends into fourth day

Oil prices extended gains Monday as Israel and Iran pounded each other with missiles for a fourth day and threatened further attacks, stoking fears of a lengthy conflict that could reignite inflation.…

By The New York Finance Staff

China factory output slumps but consumption offers bright spot

China’s factory output grew slower than expected last month as trade war pressures bit, official data showed Monday, while a bump in a key gauge of domestic consumption offered a rare bright spot…

By The New York Finance Staff

US-China trade talks in London enter their second day

The U.S. and China held a second day of talks Tuesday in London aimed at easing their trade dispute, after President Donald Trump said China is “not easy” but the U.S. was “doing well” at…

By The New York Finance Staff

Telegram to get $300 mn in partnership with Musk’s xAI

Telegram established a partnership with Elon Musk’s xAI to provide the Grok generative artificial intelligence program on the messaging service for one year, Telegram’s CEO announced Wednesday. In exchange for implementing Grok…

By The New York Finance Staff

US aerospace industry anxious as tariffs loom

US airlines and aerospace manufacturers insist they have no use for tariff protections, warning that the proposed Trump administration levies could eat into the healthy trade surplus the sector has enjoyed for…

By The New York Finance Staff

Apple under pressure to shine after AI stumble

Pressure is on Apple to show it hasn’t lost its magic despite broken promises to ramp up iPhones with generative artificial intelligence (GenAI) as rivals race ahead with the technology. Apple will…

By The New York Finance Staff