The Business Show

Gold price check: Gold dips slightly after the Fed holds rates steady but remains up over 45% year-over-year. Analysts still see room for more gains amid inflation and geopolitical uncertainty.Apple’s foldable iPhone: A respected analyst says Apple could launch its first foldable iPhone in 2026, but component challenges and soft market demand could delay the plan.

Meta’s AI pivot: After a failed $32 billion bid for Ilya Sutskever’s Safe Superintelligence, Meta hires CEO Daniel Gross and Nat Friedman instead — showing that in the AGI arms race, talent is the biggest prize.

Grab your coffee — Costco’s fueling up, Apple’s folding in, and the AI talent wars are getting billion-dollar serious.

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In today’s episode, we unpack Warren Buffett’s surprise stumble as Berkshire Hathaway’s stock drops over 10% since his succession announcement—defying his own prediction. Plus, the Buss family cashes out, selling a majority stake in the Lakers for a record-breaking $10 billion. Meanwhile, Social Security’s trust fund is projected to run dry by 2033, sparking urgent calls for Congress to act. We’ll also break down America’s booming millionaire count and what it means for wealth inequality. Let’s dive into the headlines shaping your money and the markets this week.

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In today’s episode, we unpack Amazon CEO Andy Jassy’s warning that AI advancements will shrink the company’s corporate headcount over the next few years. Plus, OpenAI’s Sam Altman claims Meta is dangling $100 million bonuses to lure away top AI staff, homebuilder confidence sinks close to pandemic lows amid high rates and tariffs, JPMorgan Chase bumps its Sapphire Reserve fee to $795 with luxury perks to match, and President Trump gives TikTok yet another 90-day lifeline despite a looming legal deadline. Let’s get into the headlines shaping tech, housing, and policy this week.

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 In today’s episode, we break down Amazon’s plan to stretch Prime Day to a record four days—July 8 to 11—promising daily deal drops and more member perks. Plus, OpenAI lands a $200 million U.S. defense contract and launches “OpenAI for Government,” Meta Platforms pushes WhatsApp into paid ads for the first time to boost revenue, and Kraft Heinz pledges to remove all artificial dyes from its U.S. products by 2027 as regulators ramp up health pressure. The headlines keep moving—let’s get into it.

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In today’s episode, we break down why Victoria’s Secret stock is climbing after activist investor Barington Capital takes a stake and pushes for a board overhaul and a renewed focus on bras. Plus, EchoStar soars nearly 50% after President Trump personally intervenes in its FCC dispute, Microsoft expands its European data sovereignty program to ease regulatory pressure, Starbucks doubles down on its employee turnaround strategy to win back its culture—and JPMorgan Chase and American Express escalate the premium credit card rivalry with major refreshes and bigger perks on the way. The business world isn’t slowing down—and neither are we.

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Mattel is partnering with OpenAI to infuse AI into toys like Magic 8 Ball and UNO, with new AI-powered products expected this year — part of Mattel’s broader push beyond plastic and into digital experiences. Meanwhile, bacon prices are up nearly 20% year-over-year due to tariffs, higher production costs, and California’s animal welfare laws, potentially making the price spike permanent. Oracle shares cooled slightly after reaching an all-time high, still riding momentum from strong cloud earnings. And Starbucks CEO Brian Niccol is rolling out a turnaround plan: trimming 30% of the menu, launching protein lattes, promising no price hikes this fiscal year, and leaning on algorithms to improve service speed.

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 Oracle shares jumped 8% after smashing earnings expectations and forecasting major cloud growth, thanks in part to rising AI demand and key partnerships. Meanwhile, Chime’s $27 IPO signals a thaw in the fintech freeze, and Disney and Universal have filed Hollywood’s first big copyright lawsuit against an AI company, Midjourney, over IP theft. We also cover Costco’s new early access perk for Executive members and Nintendo’s record-breaking Switch 2 launch, which sold 3.5 million units in just four days.

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 In today’s episode, we break down Mark Zuckerberg’s $14 billion investment into Scale AI—and why he’s betting big on CEO Alexandr Wang to rescue Meta’s lagging AI efforts. Plus, GM announces a $4 billion U.S. production shift to avoid steep auto tariffs, Google launches a new round of voluntary buyouts while pushing hybrid work, and Starbucks debuts an OpenAI-powered assistant to help baristas serve drinks faster. The future is moving fast—and so are the headlines.

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Today's episode dives deep into the seismic shifts reshaping America's economy and tech landscape. From President Trump's tariff diplomacy cooling inflation fears to Mark Zuckerberg's desperate scramble to catch up in the AI arms race, we're witnessing pivotal moments that will define the next decade. Apple disappoints again with delayed Siri upgrades, Microsoft makes a bold play for handheld gaming supremacy, and Wall Street serves up mixed signals with Robinhood's S&P 500 snub. Meanwhile, the housing market reality check is hitting sellers hard as buyers finally gain the upper hand after years of being squeezed out. It's a power-packed episode covering the stories that matter most to your wallet, your tech, and your future.

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 In today’s episode, Apple gears up for WWDC 2025 with sky-high expectations to revive its AI reputation and share price. Meanwhile, U.S. and Chinese officials meet in London to ease trade tensions, but deep strategic rifts remain. Over in Hollywood, Warner Bros. Discovery is splitting into two public companies to refocus and appease frustrated shareholders. And finally, Disneyland celebrates 70 magical years—highlighting a massive $67 billion annual boost to the U.S. economy and previewing $30 billion in future park investments.

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