Business news

Business news • Jun 17

WATCH: New Fed chair Kevin Warsh holds first news conference after leaving interest rate unchanged

The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank's policymakers said they could support a rate hike later this...

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Business news • Jun 17

"Truly evil" FDA rejection of gene therapy overturned after Trump official ousted

A gene therapy for Huntington's disease has a new path toward approval from the Food and Drug Administration after the ouster of several Trump officials,...

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Business news • Jun 17

SpaceX acquires Anthropic and OpenAI rival in $60B deal

SpaceX just agreed to buy AI coding startup Cursor for $60 billion. Here's what the blockbuster deal means for Elon Musk's battle with Anthropic and OpenAI.

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Business news • Jun 17

Anthropic Employees Accuse Trump Administration of Targeting Them

Workers at the artificial intelligence company have been puzzled and increasingly concerned by the administration's move to limit their latest A.I. models.

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Business news • Jun 17

Tech stocks today: Uber and Lucid expanding in Houston, Intel's latest chip moves

What to watch from SpaceX and other tech stocks during the holiday-shortened week.

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Business news • Jun 17

Why so many Americans can’t afford housing anymore

The cost and toll of America's housing crisis is displayed in charts and statistics.

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Business news • Jun 17

Education Department Touts New Student Loan Repayment Plan, But Read The Fine Print

The Education Department is aggressively promoting its new Repayment Assistance Plan (RAP), launching July 1st, promising federal student loan borrowers...

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Business news • Jun 17

Carvana’s new vehicle strategy turns dealership into ‘playground,’ test-drive center with sales all online

But don't expect Carvana to sell you a vehicle at one of its seven Stellantis stores, marking a stark contrast from typical franchised dealers.

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Business news • Jun 17

AST SpaceMobile Announces Successful Orbital Launch of BlueBirds 8, 9, and 10

BlueBird satellites are the largest commercial communications arrays ever deployed in low Earth orbit, measuring approximately 2,400 square feet,...

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Business news • Jun 17

From supply shock to oil glut: IEA flags scale of demand destruction caused by Iran war

The energy supply shock triggered by the Iran War has prompted the IEA to slash its global oil demand forecast.

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Business news • Jun 17

Exclusive | Apple to Raise Prices Due to Memory Chip Crunch, Tim Cook Says

The CEO tells the Journal in an exclusive interview that soaring costs make price increases 'unavoidable'

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Business news • Jun 17

Iran War Has Irrevocably Changed the Middle Eastern Oil Trade

Welcome to our guide to the commodities driving the global economy. Today, reporter Yongchang Chin discusses the lasting impact of the Iran war on the...

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Business news • Jun 17

2 Reasons to Buy the Dip on Struggling Carvana Stock

Used car stock Carvana (CVNA) is struggling today but flashing a bullish signal in its options pits.

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Business news • Jun 17

AI and tech groups not in ‘a bubble situation’, says Schroders CIO

AI technology groups and hyperscalers are not yet in “a bubble situation”, according to the chief investment officer at UK asset manager Schroders,...

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Business news • Jun 17

Portland eyes shot at fixing Oregon’s most notorious railroad crossing

A proposed merger between two railroad giants could give Portland city officials an unusual chance to force a fix along an area known for its horrific...

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Business news • Jun 17

Trump administration seeks to halt air pollution lawsuit against Musk’s xAI

The US government has intervened on the side of Elon Musk's xAI in a legal dispute over the environmental impact of a $20bn data centre in Mississippi,...

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Business news • Jun 17

DOJ aims to block suit over Musk data center pollution, citing national security

The Justice Department has moved to stop litigation over xAI's data center pollution in Mississippi, having also intervened in a separate lawsuit against...

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Business news • Jun 17

Futures Mixed, Oil Rises On Trump's New Iran Threat

Dow Jones futures: The Dow hit a new high and SpaceX kept rising. but chips and most AI stocks fell. Fed chief Kevin Warsh's comments loom.

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Business news • Jun 17

AP Exclusive: Nvidia’s Jensen Huang says society needs ‘new social norms’ in the age of AI

Nvidia CEO Jensen Huang — whose work helped propel artificial intelligence — is stressing in an Associated Press interview that society has no choice but to...

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Business news • Jun 17

McDonald's bringing back fried apple pie to celebrate America's 250th birthday

McDonald's is bringing back its fried apple pie, with the fan-favorite menu item returning to most U.S. restaurants for a limited time starting June 23.

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