Business news

Business news • Jun 09

'We are rapidly running out of time' Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

The new Social Security Trustees report released Tuesday confirms that the program is on track for automatic, across-the-board benefit cuts once its main...

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Business news • Jun 09

FDA Approves the First New Sunscreen Ingredient in 20 Years. Here’s What to Know

Bemotrizinol is a powerful, broad-spectrum blocker of dangerous rays that has been used in Europe for years.

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Business news • Jun 09

FDA approves new sunscreen ingredient used for years in Europe and Asia

For the first time in 20 years, the US Food and Drug Administration approved a new sunscreen ingredient — bemotrizinol, or BEMT — that experts say is a...

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Business news • Jun 09

Social Security retirement trust fund will run dry in 2032 unless Congress acts

Tens of millions of retirees and other Americans could see smaller monthly Social Security checks in six years if lawmakers don't act to shore up the...

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Business news • Jun 09

The bull and bear cases for SpaceX

It's a foregone conclusion that SpaceX will raise at least $85 billion in its record-wrecking IPO, with pricing set for Thursday and first trades for Friday...

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Business news • Jun 09

Social Security insolvency now projected for 2032, putting benefits at risk of a 22% cut

Social Security's trustees report said the program is on track to become insolvent by the end of 2032, when beneficiaries would see their monthly checks cut...

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Business news • Jun 09

8 things student loan borrowers should consider before July 1

Student loan borrowers face new repayment rules, borrowing limits, and Parent PLUS deadlines. Here are eight priorities to consider before July 1.

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Business news • Jun 09

Social Security retirement trust fund may be depleted in 2032, new trustees report finds

The Social Security Administration released a new report on Tuesday with fresh projections as to when the trust funds it relies on to help pay benefits may...

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Business news • Jun 09

What To Expect From Wednesday's Report On Inflation

The Iran war has driven up fuel prices, raising concerns that inflation will spread to other products and become persistent. May's report may fan those...

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Business news • Jun 09

Anthropic’s Mythos Is Coming Today; Apple Pursues Modest Goals with Siri Revamp

Big news: Anthropic has a new version of a Mythos-class model coming later today called Claude Fable, according to a person with knowledge of the release.

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Business news • Jun 09

NAR Existing-Home Sales Report Shows 3.2% Increase in May

First-time buyers rose to 35% of all buyers — the highest share since June 2020 — driven by modest inventory improvements. Market outlook cooled for both...

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Business news • Jun 09

Psyched about the SpaceX IPO? Don't forget the brutal lesson from Facebook's IPO.

The excitement is building around the SpaceX IPO, which is set to debut on the Nasdaq Composite on Friday.

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Business news • Jun 09

Alibaba, Baidu Accused by Pentagon of Aiding Chinese Military

The Pentagon accused some of China's biggest companies, including Alibaba Group Holding Ltd., Baidu Inc. and BYD Co. of supporting the Chinese military,...

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Business news • Jun 09

Audi's Mid-Size SUV Gets A Major Overhaul For 2027

The 2027 Audi Q7 enters its third generation with refined styling, advanced lighting technology, and a reworked cabin that evokes a greater sense of luxury.

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Business news • Jun 09

The iPhone lowered the birth rate, new paper finds

Researchers and policymakers have been scrambling to pinpoint why exactly birth rates are falling in the U.S. and around the world.

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Business news • Jun 09

Meta builds its AI data center worker pipeline

Meta is investing $115 million in a no-cost training program for workers in skilled trades, with a big promise for graduates: a guaranteed job.

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Business news • Jun 09

Asian tech stocks rebound after Wall Street embraces AI once more

Chipmaker-dominant markets rally after sell-off on Monday.

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Business news • Jun 09

The Strait of Hormuz is ‘leaking’ oil

One of the biggest mysteries of the global economy is why the oil market has remained so calm during one of the greatest supply shocks in history.

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Business news • Jun 09

GSK to acquire Nuvalent and its two cancer drugs under FDA review for $10.6B

GSK to acquire Nuvalent for $10.6B, gaining two lung cancer drugs — zidesamtinib and neladalkib — both under FDA review in 2026.

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Business news • Jun 09

SpaceX’s $1.78tn IPO asks investors to buy Musk’s moonshots

As much as $1tn of the value of SpaceX's initial public offering is based on a series of ambitious “moonshot” goals that investors must bet will be achieved...

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