Business news

Business news • Jun 10

Life on the edge of Musk's Starbase brings fortunes and fractures

While SpaceX's rapid expansion is bringing jobs, visitors and global attention, it is also fueling lawsuits, environmental concerns and a growing divide...

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Business news • Jun 10

Man Orders Single Taco at Chipotle, Loads It With Toppings and Pays $8.90; Video Divides X

A video that is making the rounds on social media was shot inside a Chipotle Mexican Grill. Somehow, it has led to a debate about where the line is between...

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Business news • Jun 10

AI is helping software engineers do more — and faster. Companies are still waiting for the payoff.

Companies are pouring billions into AI, but faster workers and higher AI use haven't translated into economy-wide productivity gains.

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Business news • Jun 10

Cancer-focused Parabilis’ upsized $670M IPO breaks new record for biotechs

Parabilis Medicines' IPO has lived up to the hype—securing $670 million for the largest listing in the sector's history. The cancer biotech, formerly known...

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Business news • Jun 10

America’s emergency oil reserve is about to hit its lowest level since Reagan was in office

The nation's emergency reserve for oil and fuel supplies is slipping below Biden-era lows to its most exhausted level since the Reagan era—when the nearly...

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Business news • Jun 10

Solar beats coal in the US electricity mix for the first month ever

Solar generated more US electricity than coal for the first month on record in May 2026, according to new analysis from global energy think tank Ember.

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Business news • Jun 10

Top Goldman Sachs executive opposed David Solomon’s backing of Kathy Ruemmler

Goldman Sachs' outgoing chief of staff opposed chief executive David Solomon's decision to back Kathy Ruemmler, the former general counsel whose ties to sex...

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Business news • Jun 10

Futures Fall As U.S. Strikes Iran After Whipsaw Session

Dow Jones futures: The stock market whipsawed lower around key levels levels amid AI fears and Trump's Iran threats. CPI inflation is on tap.

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Business news • Jun 10

Social Security’s retirement trust fund faces funding shortfall one year earlier than expected

Social Security's retirement trust fund is projected to face a funding shortfall in 2032, a year earlier than previously expected.

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Business news • Jun 10

Trump Family Reportedly Made About $2.3 Billion on Crypto While Investors Lost About $2.3 Billion on Trump-Related Crypto

Cryptocurrency news can be hard to follow. For instance, I recently encountered the term “tokenized coin” and spiraled until I could calm myself down with a...

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Business news • Jun 10

Stock Market News, June 9, 2026: Nasdaq Rebounds Off Session Lows

Chip stocks remain a pressure point; oil prices drop.

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Business news • Jun 10

Musk Looks to an Army of Loyalists to Help Make Him a Trillionaire

The SpaceX IPO is expected to set records Friday and mark a new pinnacle in Wall Street's retail revolution.

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Business news • Jun 10

Dow drops more than 900 points as chip sell-off worsens, Trump threatens more Iran attacks: Live updates

U.S. stock futures slipped on Tuesday night after the U.S. launched "self-defense strikes" against Iran, in retaliation for the downing of a helicopter a...

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Business news • Jun 10

Social Security shortfall expected to accelerate, with funds at critical low in 2032

The shortfall will be driven in part by a drop in immigration and Trump's tax cuts, trustees say, resulting in trimmed benefits.

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Business news • Jun 10

Seattle enacts year-long ban on new AI datacenters

Home city of Amazon and Microsoft passes moratorium as backlash against energy-guzzling AI infrastructure grows.

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Business news • Jun 10

Economists Weigh In on the Future of Work and AI

How 16 top economists think AI will change the job market, and how to prepare.

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Business news • Jun 09

Why your next sunscreen’s ingredient list may look more like those in Europe

The FDA has approved a new sunscreen additive for the first time in two decades. Consumer groups have been pushing the change for years.

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Business news • Jun 09

G.M. Plans to Develop Energy Storage Batteries as E.V. Sales Flag

The carmaker will follow Tesla in making components for large batteries used by electric utilities, data centers and other businesses to handle fluctuations...

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Business news • Jun 09

SpaceX IPO demand is approaching four times oversubscribed, source says

Elon Musk's SpaceX has drawn more than $250 billion of investor demand for what stands to be the largest-ever IPO, said people familiar with the matter on...

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Business news • Jun 09

New York's Penn Station to get $8 billion remodel with columns, sunlight and Trump's name

NEW YORK (AP) — When Manhattan's original Pennsylvania Station was demolished in 1963, it marked the undignified end to one of America's great public works,...

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