Business & Markets — July 29, 2026

Visa cuts 2,600 jobs. The payments company will eliminate roughly 2,600 positions, about 7% of its workforce, as CEO Ryan McInerney streamlines operations in an AI-driven restructuring.

CNBC Top News · Read more →

Apple briefly tops $5 trillion. The iPhone maker briefly crossed $5 trillion in market value Tuesday, joining Nvidia and regaining its spot as the world's most valuable company during a broader tech slump.

Forbes · Read more →

eBay settles cyberstalking case for $55.7 million. eBay and former executives will pay $55.7 million to a Mass. couple targeted in a 2019 harassment and cyberstalking campaign over their critical e-commerce blog coverage.

TechCrunch · Read more →

SK Hynix miss deepens AI sell-off. South Korean stocks broke rout records Wednesday after SK Hynix earnings missed analysts' expectations. The miss deepened a global AI-stock decline ahead of Microsoft and Meta results and the Fed decision.

The Guardian · Read more →