Business news

Business news • Jun 22

Student loan update: Full list of rule changes coming in July

Millions of Americans with federal student loans will see sweeping changes to how they borrow, repay and qualify for forgiveness starting July 1.

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Business news • Jun 22

Oracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles

Oracle Corp. reduced its workforce by 21000 employees in the past 12 months, a wider scale than previously known, including those whose jobs were eliminated...

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Business news • Jun 22

California drivers sue gas stations for allegedly using AI to inflate prices

Firms including BP and 7-Eleven accused of coordinating prices to 'wring more money from pockets of consumers'

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Business news • Jun 22

Closely watched Pfizer lung cancer drug falls short in clinical trial

Pfizer said Monday that an experimental drug it hoped could replace a widely used chemotherapy in one of the most common forms of lung cancer fell short in...

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Business news • Jun 22

Thousands of bottles of blood pressure medication recalled nationwide

More than 11000 bottles of chlorthalidone blood pressure medication are being recalled nationwide due to failed dissolution specifications, according to the...

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Business news • Jun 22

Coca-Cola takes its fight with the IRS to federal appeals court with $20B on the line

Coca-Cola is taking its yearslong tax dispute with the IRS to a federal appeals court in Miami, with an estimated $20 billion in taxes and interest on the...

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Business news • Jun 22

Tesla faces federal probe after Model 3 slams into Texas home, killing 76-year-old

The NHTSA is investigating a crash involving a Tesla Model 3 in which the car slammed into a Texas home and killed a 76-year-old.

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Business news • Jun 22

White House's Hassett dismisses expected intervention in Fed policy

HUNT VALLEY, Md. (TNND) — Kevin Hassett, one of President Donald Trump's top economic advisors, is dismissing the White House's expected counsel for new...

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Business news • Jun 22

SpaceX stock tumbles 23% from its high, as average investor sees gains wiped out

Just 10 days after the company's blockbuster IPO, buyers of its initial public shares are in the red.

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Business news • Jun 22

Backers reveal plans for bus terminal at Empire State Plaza

City Auditor Sam Fein and PR executive Joe Bonilla propose an underground Empire State Plaza bus terminal after Albany's South Pearl Street plan collapsed.

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Business news • Jun 22

Stocks flat, oil falls as rate worries offset Iran talks optimism

By Chibuike Oguh NEW YORK, June 22 (Reuters) - Global stocks were mostly flat on Monday while oil prices fell, as optimism over progress in U.S.-Iran talks...

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Business news • Jun 22

Micron’s Stock Keeps Hitting New Highs. Here’s How Much Traders Expect It Could Move After Earnings

Micron's stunning performance this year could be about to get even better, with traders expecting a big move from the memory chipmaker's stock after its...

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Business news • Jun 22

SpaceX sheds $400 billion in value as stock slides below its IPO-day closing price

Anyone who bought SpaceX's stock after the first trading day is now underwater on those purchases — at least on paper.

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Business news • Jun 22

Microsoft and Chevron plan one of the largest gas-powered data center projects in US

Microsoft inked a 20-year power purchase agreement with Chevron, locking in decades of carbon emissions from a new natural gas power plant.

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Business news • Jun 22

GE Vernova Supplier Soars After $8.5 Billion Sale To CRH

The construction juggernaut CRH (CRH) is set to acquire rival Arcosa (ACA) for $8.5 billion. CRH is one of the world's biggest suppliers of construction...

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Business news • Jun 22

Meta Exposed Data Internally From Its Controversial Employee-Tracking Program

Employees had previously raised concerns about the initiative, which involves collecting workers' keystroke data to train AI models.

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Business news • Jun 22

SpaceX Stock Tumbles More Than 16%

SpaceX shares suffered their biggest one-day decline since they went public earlier this month. Shares declined for the third session in a row, falling more...

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Business news • Jun 22

SpaceX stock tumbles 16.4%, shaving off most IPO gains since debut

SpaceX stock fell again on Monday, now poised for three straight down days after a massive run-up following its IPO earlier this month.

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Business news • Jun 22

Polymarket’s viral videos showed people winning big, but the bets were fake

Polymarket paid dozens of social media users to film themselves making fake bets for a promotion that aimed to convince people they can strike it rich on...

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Business news • Jun 22

Stock market today: S&P 500, Nasdaq slide as Big tech, SpaceX hammered

US stocks traded mixed on Monday as investors assessed signs of progress in US-Iran peace talks, while shares of Elon Musk's SpaceX (SPCX) fell for the...

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