Business news

Business news • Jun 19

The stock market's next leg higher may not come from AI: Chart of the Day

The stock market's next leg higher may not need another AI miracle or mega IPO. After months of AI dominance and a week of SpaceX (SPCX) frenzy,...

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Business news • Jun 19

US curbs Anthropic AI access, raising global concerns

The Trump administration has restricted foreign access to Anthropic's latest AI models over security fears, forcing a global shutdown.

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Business news • Jun 19

'Exactly how the dot-com bubble burst': A market research firm says keep an eye on this AI warning sign

Tom Essaye says that cheap AI stock valuations could signal that investors are growing fearful that the data center boom will come to a halt.

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Business news • Jun 19

Yen nears four-decade low, and Katayama issues warning

The yen blew through the ¥161-to-the-dollar mark overnight and approached levels not seen since the 1980s, though it pulled back just short of notching a...

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Business news • Jun 19

Community recalls Schwebel’s 120-year baking legacy

YOUNGSTOWN — A baking company founded in Campbell and serving Ohio, Pennsylvania and New York has announced it will begin 'winding down operations,' with...

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Business news • Jun 19

SpaceX (SPCX) Is Up 14.9% After Record IPO And $60 Billion Cursor AI Deal - What's Changed

In mid-June 2026, Space Exploration Technologies Corp. completed the largest IPO in history, raising roughly US$75–86 billion and rapidly secured inclusion...

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Business news • Jun 19

How Much Is SpaceX Really Worth?

The company's deep commitment to Mars colonization and Elon Musk's nearly total control make SpaceX stock an astonishingly speculative bet, our columnist...

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Business news • Jun 19

SpaceX lands investment-grade ratings as shares tumble

SpaceX has been awarded investment-grade credit ratings by all three major agencies just days after its record stock market debut, even as its newly listed...

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Business news • Jun 19

Dollar Rises to One-Year High on Increased Prospects of Higher U.S. Interest Rates

The dollar rose to a one-year high against a basket of currencies on Friday, boosted by expectations the Federal Reserve could raise interest rates in...

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Business news • Jun 19

The US says ASML’s top chip tool may be in China, but how?

There's a commercial logic that cuts against the idea that ASML would risk its export license to arm a Chinese customer.

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Business news • Jun 19

Meta lobbies Congress for immunity from lawsuits alleging online harm to children

Meta has lobbied U.S. lawmakers for legal immunity from child harm lawsuits as part of the Kids Online Safety Act as the company faces thousands of...

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Business news • Jun 19

More than 1 billion barrels of oil have gone missing

The good news: The Strait of Hormuz is open again, after Iran and the United States signed a memorandum of understanding this week.

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Business news • Jun 19

SpaceX’s $2.5 Trillion Value Is Built on AI Data Centers. Their Cost Is Otherworldly.

Data centers in orbit mean no water or electric bills. But they also cost three times as much as data centers on Earth—$170 billion for one.

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Business news • Jun 19

Apple to work with Intel on US chip design and production, Trump says

Apple has agreed to work with Intel on designing and producing chips in the U.S., President Donald Trump announced on Thursday.

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Business news • Jun 19

Gas prices fall below $4 per gallon as oil loses steam

Gas prices fell below $4 per gallon, reaching a national average of $3.99 on Thursday, giving Americans critical relief just as the summer driving season...

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Business news • Jun 19

New First-of-Its-Kind Flu Vaccine Approved by FDA Expert Panel

WASHINGTON (AP) – A new kind of flu vaccine moved a step closer to the U.S. market Thursday as federal health advisers recommended approval of the first...

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Business news • Jun 19

‘Hawkish shift’ in US rates upends global currency bets

A resurgence in the dollar has sent bets on the currencies of big emerging markets and major commodity producers into reverse, as a hawkish shift by the...

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Business news • Jun 19

‘We created a monster’: companies rein in AI usage as costs strain budgets

Amazon, Walmart and Uber are among early adopters that have introduced caps or discouraged wasteful activity.

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Business news • Jun 19

Anthropic Has the Template for Fixing Its Mythos Nightmare

Dario Amodei arrived at the G7 summit this week with a problem few tech bosses have faced: The US government had just treated his newest...

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Business news • Jun 19

Early Users of Anthropic Mythos Still Have Access After US Order

Some firms chosen early on by Anthropic PBC to test the Mythos AI model ahead of a wider release have preserved their access to a preview of the system,...

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