Business news

Business news • Jun 25

Careless People author Sarah Wynn-Williams to sue Meta after gag order imposed

Careless People (Pan Macmillan) author Sarah Wynn-Williams will sue her former employer Meta after a gag order was imposed on her following the publication...

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Business news • Jun 25

Trump turns on Big Oil donors who spent nearly $100 million to get him elected—now he wants the DOJ to investigate them for price gouging

Oil and gas chiefs may have quietly cracked a smile when Donald Trump won the 2024 presidential election. Oil billionaire Harold Hamm,...

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Business news • Jun 25

Oil Prices Jump After Attack Halts Shipping in Strait of Hormuz

Oil prices jumped on Thursday after Iran reportedly struck a container ship in the Strait of Hormuz, halting shipping traffic through the crucial waterway.

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Business news • Jun 25

Why Palantir’s stock is having its worst month in years — even in the midst of an AI boom

Palantir has been known to command an eye-watering valuation premium relative to the rest of the software industry. But as the artificial-intelligence...

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Business news • Jun 25

Ex-Facebook policy chief sues Meta to overturn order barring her from speaking about explosive memoir

A former Facebook policy executive is suing Meta over an arbitration order that has barred her for more than a year from speaking about her explosive memoir...

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Business news • Jun 25

Sandisk, Western Digital, and others soar as Micron results 'justify elevated valuations'

What happened: Memory and storage stocks rallied on Thursday. Shares of Sandisk (SNDK) and Western Digital (WDC) gained 21% and 4%, respectively,...

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Business news • Jun 25

Postal Service Keeps Going by Tapping Workers' Retirement

The US Postal Service isn't about to grind to a halt next year after all, but its long-term finances are still shaky. Postmaster General David Steiner told...

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Business news • Jun 25

Army Will Lease Land on Bases for Critical Mineral Production

Agreement with mining companies is part of Trump Administration's push to establish a domestic supply chain for vital industrial inputs.

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Business news • Jun 25

Trump Media Stock Hits All-Time Low—Down Almost 50% In 2026

The president's media company has fallen nearly 50% since the start of 2026.

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Business news • Jun 25

US Grid Constraints: Towards 40GW+ of Behind-The-Meter Datacenter by 2028?

Why the Grid Can't Keep Up, and Why that Drives Behind-The-Meter 50%+ of DCs/Year By 2028.

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Business news • Jun 25

U.S. Inflation Problems Are Far From Over

The Federal Reserve's new chairman has vowed to deliver price stability, but officials are at odds over whether that will require higher borrowing costs.

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Business news • Jun 25

Micron is looking to end the memory industry's boom-bust cycle

Micron is looking to create a new business model that can withstand the old boom-and-bust memory chip cycle.

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Business news • Jun 25

Micron overtakes Meta, Tesla in market value amid relentless AI infrastructure demand

Micron Technology edged past the market valuation of ​Meta Platforms and briefly Tesla's ‌for the first time on Thursday, after the memory chipmaker's solid...

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Business news • Jun 25

Former Facebook Exec Sarah Wynn-Willams Sues Meta For Allegedly Silencing Her amid Release of Tell-All Memoir

Sarah Wynn-Williams is suing Meta Platforms for prohibiting her from speaking about her experience at the company and her memoir, 'Careless People: A...

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Business news • Jun 25

Qualcomm Just Revealed Its Mystery Big Tech Customer—and Its Stock Is Rising

Qualcomm stock rises after the chip maker almost doubles its non-handset sales target, helping to revive faith in the stumbling AI trade.

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Business news • Jun 25

Key inflation gauge jumps to 3-year high in latest sign of affordability challenges

The Federal Reserve's preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems...

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Business news • Jun 25

Apple stock plunges after raising prices on MacBooks, iPads amid global memory crisis

The global memory shortage has finally come for Apple (AAPL). The company on Thursday raised the prices of its MacBooks and iPads in an effort to offset the...

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Business news • Jun 25

Apple Raises Prices on Macs and iPads Amid the A.I. Boom

Apple raised the prices of its Macs and iPads on Thursday, citing the soaring costs of memory and storage chips as the artificial intelligence boom has...

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Business news • Jun 25

May US PCE inflation tops 4%, leaves Fed hike on the table

WASHINGTON, June 25 (Reuters) - U.S. inflation increased further in May, breaking above 4.0% for the first time in three years as the Middle East conflict...

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Business news • Jun 25

Anthropic says Alibaba must be punished for largest Claude cloning attack

Anthropic has accused the Chinese firm Alibaba of launching the largest attack yet attempting to clone Claude, as China races to match the capabilities of...

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