Business news

Business news • Jun 11

Heading For The Exits

SpaceX's reported $75B raise and AI IPO wave hint at insider selling, gated private funds, and frothy market valuations—learn what it means for investors...

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Business news • Jun 11

Why These 3 Analysts Say Oracle’s Post-Earnings Stock Slump Is a Buying Opportunity

Oracle stock is falling after earnings but Wall Street analysts think there is a reason to back the cloud computing-and-software company.

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Business news • Jun 11

Solar generates more energy in US than coal for first time | US news

Even as Donald Trump boosts coal over clean energy, solar power is hitting new milestones in the US and remains the leading source of new power.

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Business news • Jun 11

Barrett blasts SCOTUS liberals' dissent over "fictional premise"

The Supreme Court on Thursday ruled that federal law does not allow private parties to sue to unwind contracts under the Investment Company Act,...

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Business news • Jun 11

Pump Prices Fall for Third Straight Week

WASHINGTON, DC (June 11, 2026) – The national average for a gallon of regular has been falling for three straight weeks, delivering some relief to drivers...

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Business news • Jun 11

E.U. reviewing Paramount-Warner merger over Middle Eastern wealth funds’ backing

The European Commission said it will decide by Sunday whether to sign off on the blockbuster media merger or open a full investigation.

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Business news • Jun 11

Meet the SpaceX employees who are set to become multimillionaires thanks to its IPO: from execs to even welders

As markets brace for what could become one of the most consequential public offerings in modern history, Elon Musk's rocket giant SpaceX is preparing to...

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Business news • Jun 11

Musk Confidant Antonio Gracias Set for $68 Billion SpaceX Win

Gracias and his firm Valor Equity Partners are the second-largest SpaceX shareholder.

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Business news • Jun 11

Elon Musk SpaceX

A woman takes a selfie with a large inflatable figure depicting Elon Musk in Times Square in New York on Thursday, June 11, 2026. (AP Photo/Seth Wenig)

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Business news • Jun 11

Musk’s Net Worth Down More Than $50 Billion Ahead Of SpaceX IPO

A monthlong decline in Tesla shares has cut more than $50 billion from CEO Elon Musk's fortune, but the world's richest person is still expected to become a...

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Business news • Jun 11

What Happens If AI Causes 25% Unemployment? Anthropic Has a Concept of a Plan

"Some amount of displacement, though we cannot say how much ... and our responsibility is to prepare for it and respond to it," Anthropic wrote.

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Business news • Jun 11

High US mortgage rates to keep housing market subdued: Reuters poll

High mortgage rates will keep turnover in U.S. residential housing subdued this year and next with very modest price rises, according to property...

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Business news • Jun 11

Anthropic backpedals on Fable safety measure

Anthropic has apologized for stealthily throttling its new AI model, Claude Fable 5, with hidden guardrails that undermine both researchers and rivals using...

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Business news • Jun 11

Big Tech is preventing new stock-market highs as investors change the way they play AI, says this top strategist

Nomura's Charlie McElligott says investors are finally waking up to the problems with a market that is too concentrated on AI leadership.

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Business news • Jun 11

FDA Approves First New Sunscreen Ingredient in Decades

It may soon be safer than ever for people in the US to go out into the sun. That's because your sunscreen could soon be doing a better job of protecting you...

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Business news • Jun 11

Wall Street Poised to Rebound Amid New Iran Tensions

Investors are apparently hopeful that the renewed attacks in Iran will be short-lived, though evidence on the ground about that was shaky.

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Business news • Jun 11

People Living Near xAI’s Dirty Data Centers Are Furious About the SpaceX IPO

SpaceX, Elon Musk's behemoth company that launches rockets and runs data centers, is set to go public Friday with a target valuation above $1.75 trillion.

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Business news • Jun 11

Stocks drop, oil rises as Iran and rate worries dog traders

Fresh worries about the Middle East ceasefire and the prospect of a US interest rate hike hit stocks and oil prices Thursday, following a rollercoaster week...

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Business news • Jun 11

Prices are soaring on these everyday grocery items, driving up inflation

Americans are paying more particularly for produce and baked goods, among others, driven by the Iran war, tariffs and drought.

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Business news • Jun 11

Opinion | Inflation gets even worse

Wednesday's announcement of 4.2 percent inflation in May, up from 3.8 percent in April, is the worst reading from the Labor Department in three years.

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