Business news

Business news • Jun 11

Asian shares slip after another sell-off of AI stocks on Wall St, while oil prices rise

Shares are mostly lower in Asia following another sell-off of artificial-intelligence stocks that dragged the U.S. market sharply lower.

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Business news • Jun 11

Shares retreat as techs extend losses, US strikes on Iran lift oil

Asian stocks fell on Thursday, weighed down by a Wall Street selloff after a hotter-than-expected U.S. inflation reading, while renewed U.S. strikes on Iran...

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Business news • Jun 11

Dow surges 900 points after Trump says U.S. will soon sign deal with Iran, oil falls

A rout in chip stocks and ramp-up in Middle East tensions pulled down the major averages on Wednesday.

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Business news • Jun 10

Oracle Reports Higher Profit on Surging Cloud Revenue

Company reports cloud revenue rose 47%, including a 93% increase in cloud-infrastructure revenue.

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Business news • Jun 10

Oracle's AI spending blows past estimates, raising worries over growing debt

June 10 (Reuters) - Oracle (ORCL.N) , opens new tab on Wednesday forecast capital spending plans for fiscal 2027 above Wall Street estimates, as the ‌cloud...

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Business news • Jun 10

Wall Street indexes fall more than 1%, hit by tech, Iran war worries

The major U.S. stock indexes ended more than 1% lower on Wednesday, with chipmaker shares extending recent declines ‌and with renewed tensions between the...

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Business news • Jun 10

Stock market today: Dow, S&P 500, Nasdaq futures fall as US launches new strikes against Iran

US stock futures tumbled amid reports that the US struck Iran hours after President Trump had pledged to do so, saying negotiations were taking "too long."

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Business news • Jun 10

Visa plugs its payment network into ChatGPT, letting AI agents shop and pay for users

Visa is embedding its payment network into ChatGPT, allowing the chatbot to shop and complete transactions for users.

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Business news • Jun 10

Sen. Elizabeth Warren Makes Hail Mary Plea to Delay SpaceX IPO

The IPO's net result could be "disastrous," Warren said.

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Business news • Jun 10

Stocks Bounce, Oil Falls as US Ends Iran Strikes: Markets Wrap

Stocks dropped as Middle East tensions flared up with new US attacks on Iran, weighing on markets already grappling with a selloff in richly valued tech...

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Business news • Jun 10

Oracle Falls After Data Center Costs Overshadow AI Growth

Oracle Corp. shares declined in extended trading after the company reported quarterly capital expenses that were higher than estimates, raising investor...

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Business news • Jun 10

Oracle Reports Earnings Amid a Rapid Cloud Transformation

Oracle's cloud unit remains a standout, but the news isn't as good for its software business.

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Business news • Jun 10

Trump has a new, surprising take on the higher cost of living: ‘I love the inflation’

President Donald Trump has a surprising take on a new report that shows inflation spiking to its highest level in three years.

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Business news • Jun 10

'I love the inflation,' Trump says as prices rise amid Iran war

WASHINGTON, June 10 (Reuters) - President Donald Trump on Wednesday appeared to embrace data showing inflation has risen more than ‌4%, telling reporters...

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Business news • Jun 10

Short seller Jim Chanos doubts SpaceX valuation, says IPO fueled by 'hopes and dreams'

June 10 (Reuters) - Prominent short seller Jim Chanos took aim at the highly anticipated IPO of SpaceX, warning the Elon Musk-led space company's offering...

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Business news • Jun 10

Xbox warns of a ‘reset’ as it prepares for layoffs

Microsoft's Xbox division will be hit with significant layoffs next month. Xbox CEO Asha Sharma and chief content officer Matt Booty sent a memo warning of...

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Business news • Jun 10

'The die has been cast': Trump allies fear it's too late to reverse economic woes

Less than a quarter of Americans approve of how the president is managing cost-of-living issues, according to a poll released this week.

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Business news • Jun 10

Another sell-off for AI stocks knocks Wall Street back to where it was 5 weeks ago

NEW YORK (AP) — Another sell-off for artificial-intelligence stocks helped drag the U.S. market sharply lower Wednesday, as Wall Street's former superstars...

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Business news • Jun 10

OPM awards major HR IT modernization contract to Oracle

The nearly $400 million, 10-year contract is expected to deliver a single, governmentwide system for agencies to manage their human resources capabilities.

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Business news • Jun 10

New Middle East Clashes and Inflation Fears Spark Dow’s Worst Day of 2026

Renewed fighting in the Middle East hit stocks and drove up oil futures, even as data showing a sharp rise in inflation underscored the war's pressure on...

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