Business news

Business news • Jun 23

Trouble getting weight loss drugs covered by insurance? Here's what to know

If your doctor prescribes a GLP-1 medication for weight loss but your insurance won't cover it, you have options.

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Business news • Jun 23

SpaceX closes nearly 1% higher, snapping three-day losing streak

Gains have been pared back at the space and AI company following an initial surge off of its record-breaking IPO.

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Business news • Jun 23

S&P 500 futures decline after tech sell-off drags down broad market index; South Korea's Kospi falls over 6%: Live updates

Tech giants tumbled in Monday's regular trading, dragging down the S&P 500 and Nasdaq Composite.

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Business news • Jun 23

Greenspan’s Legacy Is as Convoluted as His Words

His reputation no longer lies in post-crisis tatters, but should it inspire Trump 2.0?

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Business news • Jun 23

SpaceX Had A Blockbuster Listing. Then It Lost $600 Billion In Just 3 Days

Retail trading in SpaceX, officially named Space Exploration Technologies Corp., was the strongest of any IPO in recent history.

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Business news • Jun 23

US watchdog opens probe after Tesla crashes into Texas home, killing woman

Road safety regulator investigates crash involving a Model 3 that had been reportedly operating in self-driving mode.

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Business news • Jun 23

Asian shares are trading mixed amid caution about the war in Iran

Asian shares are mixed in subdued trading as recent enthusiasm cools and markets face uncertainty about efforts to end the war in Iran.

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Business news • Jun 23

Tech giant Oracle cuts 21,000 jobs as it embraces AI

Oracle shed about 21,000 roles globally in the last year as the US technology giant reshapes its business around artificial intelligence (AI),...

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Business news • Jun 23

Oil Prices Rise Amid Mixed Signals From U.S.-Iran Peace Talks

Equity markets across Asia were divided, with Japan's Nikkei Stock Average rising and South Korea's Kospi falling.

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Business news • Jun 23

Asia shares slip as markets reprice Fed expectations, oil gains

Asian stocks mostly eased and ​oil prices regained strength early on Tuesday after the U.S. waived sanctions on Iran, while traders grappled ‌with rising...

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Business news • Jun 23

Oracle Cuts 21,000 Jobs in One Year, Blames AI For at Least Some

It's using AI internally, and spending money to support AI everywhere else.

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Business news • Jun 23

AI models capable of devastating attacks on governments and business months away, rare Five Eyes statement warns

Signal agencies in Australia, the US, the UK, New Zealand and Canada sound alarm after Trump blocks foreign nationals from Anthropic's Fable AI model.

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Business news • Jun 23

“AI Disrupts Everything” Hits the U.S. Job Market! Oracle Cuts Over 20,000 Jobs as AI Computing Budgets Accelerate the Replacement of Human Labor

Database software and cloud computing giants $Oracle (ORCL.US)$ It is aggressively cutting costs through layoffs to support its ambitious artificial...

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Business news • Jun 23

Alphabet Stock Tumbles as Google’s DeepMind Loses Nobel Prize Winner to Anthropic

Shares of Alphabet dropped Monday in the first trading session since John Jumper, a senior research scientist and Nobel Prize winner, said he was leaving...

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Business news • Jun 22

RIP Alan Greenspan, Who’s Just Coming Back into Style

The longtime Fed Chair was known for his cryptic pronouncements and penchant for vagaries. It's a legacy being revived today.

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Business news • Jun 22

Exclusive | Fatal Tesla Crash Into Texas Home Now Under Federal Safety Investigation

A driver told officials he was using a driver-assistance system when his car slammed into a Houston-area home, killing a woman.

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Business news • Jun 22

Oracle workforce shrinks by about 21,000 employees amid AI adoption

Oracle's total workforce declined 13%, or about 21000 employees, in fiscal 2026, as the cloud computing giant continued restructuring ​its business,...

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Business news • Jun 22

Shareholders sue Uber’s board over sexual assaults, other incidents

The lawsuit, led by a Detroit pension fund, alleges Uber's board and management has cut too many compliance corners, resulting in thousands of lawsuits.

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Business news • Jun 22

SpaceX turns to bond market to raise capital, reports $100.8 billion cash

Elon Musk's SpaceX turned to the bond market for the first time, capitalizing on a post-IPO momentum that has vaulted its cash ​reserves past $100 billion...

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Business news • Jun 22

Oracle (ORCL) Cuts 21,000 Jobs As It Prepares $50 Billion AI Buildout

Oracle (NYSE:ORCL) plans to reduce its workforce by about 13%, or roughly 21000 employees, in fiscal 2026 as part of a broad restructuring.

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