Business news

Business news • Jun 30

Judge refuses to dismiss state AGs' Meta child addiction lawsuit

Meta lost its bid to dismiss a lawsuit brought by dozens of state attorneys general accusing it of designing Facebook and Instagram to be addictive to...

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Business news • Jun 30

New-Vehicle Sales Projected to Rise in June as Affordability Pressures Persist

Total new-vehicle sales for June 2026 are projected to reach 1363800 units, a 3.6% increase year over year, according to a joint forecast from JD Power and...

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Business news • Jun 30

British Government Likely to Intervene in Paramount’s Proposed $110 Billion Takeover of Warner Bros. Discovery

The British government has signalled that it is likely to intervene in Paramount Skydance's proposed $110 billion takeover of Warner Bros. Discover.

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Business news • Jun 30

How Companies Are Managing AI Token Spend

Growing use of AI agents is set to increase corporate AI token spend, and some companies are using techniques from the cloud era to control costs.

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Business news • Jun 30

Gold heads for worst quarter in more than a decade as retail frenzy fades

The price of gold fell below $4,000 a troy ounce on Tuesday as it headed for its worst quarterly performance in more than a decade, amid expectations of...

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Business news • Jun 30

Japanese Yen Falls to 40-Year Low, Pleasing Tourists but Worrying Tokyo

With the Japanese yen on Tuesday touching a 40-year low against the dollar, the 120,000 yen he spent on a new Seiko watch works out to about $740,...

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Business news • Jun 30

Trump takes his inflation battle to gas retailers after his plot against the Fed runs aground—sets target for $2.50 a gallon

President Trump is searching for a new target in his battle against the affordability crisis, and it seems he's found one in gasoline retailers.

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Business news • Jun 30

Brent posts biggest monthly decline since March 2020 as traders monitor U.S.-Iran talks

Traders focused on the prospect of fresh talks between the U.S. and Iran in Doha. Trump had said talks would take place in Qatar's capital on Tuesday,...

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Business news • Jun 30

Mamdani’s New Pied-à-Terre Tax Leaves Wealthy With Few Loopholes

The super wealthy are accustomed to finding ways to shrink their tax bills. But with New York City's new levy on seven-figure pieds-à-terre, many are...

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Business news • Jun 30

The AI boom's historical warning

The technological revolutions that transform the economy have a long history of attracting more investment than what near-term returns justify.

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Business news • Jun 30

Strait of Hormuz is reopening faster than expected, says Morgan Stanley as it cuts oil-price target

The Strait of Hormuz is reopening faster than expected, oil analysts at Morgan Stanley said as they cut their oil-price view for this year and next.

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Business news • Jun 30

Energy experts said gas prices would stay high. Why were they wrong?

The unexpected drop in gasoline prices has given President Donald Trump a political boost, even as energy analysts warn the fragile ceasefire and tightening...

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Business news • Jun 30

Trump Complains About ‘Too High’ Gas Prices, Says It Must Fall To $2.50

The president blamed gas retailers for elevated prices at the pump—which were driven up by the Iran war—and argued they should fall immediately,...

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Business news • Jun 30

China’s factory activity rebounds in June but weak domestic demand lingers

The world's second-largest economy registered robust trade growth this year, with May exports skyrocketing 19.4 per cent year on year.

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Business news • Jun 30

China's June factory activity expands faster than expected; PMI rises to 50.3 (FXI:NYSEARCA)

The official National Bureau of Statistics (NBS) Manufacturing Purchasing Managers' Index (PMI) rose to 50.3 in June from 50.0 in May, above economists'...

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Business news • Jun 30

Trump tells US petrol retailers to reduce prices ‘immediately’

US president warns of 'big problems' if retailers do not cut prices at the pumps, condemns illegal gouging.

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Business news • Jun 30

Warren Buffett Holds Back Annual Donation To Gates Foundation Over Epstein-Linked Review: Report

Billionaire Investor Warren Buffett has, for the first time in nearly two decades, decided to delay his annual multibillion-dollar donation to the Gates...

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Business news • Jun 30

The AI jobs debate just got messier

A new report finds "high-intensity AI adopters” saw headcount increase 10.2%. Among those companies, entry-level headcount rose by 12%, countering the...

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Business news • Jun 30

Buffett Delays Gifts to Gates’ Charity Amid Epstein Review: WSJ

Warren Buffett has decided to skip his midyear donations to the Gates Foundation for the first time in two decades, as he waits for the results of a review...

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Business news • Jun 30

What NSE and Jio Platforms IPOs reveal about India's changing economy

India's largest stock exchange and its biggest telecoms operator will both go public by the end of this year in what experts say could be landmark listings...

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