Business news

Business news • Jun 17

US, Iran Prepare for Deal Signing as Financial Details Emerge

(Bloomberg) -- The US and Iran are preparing to formally sign an interim peace deal that has left both sides claiming victory, with details of the accord...

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Business news • Jun 17

Dangerous new drug could be ‘next wave of the opioid epidemic’ — and you can buy it at gas stations

The FDA warns a readily-available opioid-like drug could be the next fentanyl, but it's still legal in 42 states.

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Business news • Jun 17

Stock futures are little changed as Wall Street gears up for Federal Reserve rate decision: Live updates

Wednesday's FOMC decision marks the first with new Fed Chairman Kevin Warsh at the helm of the U.S. central bank.

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Business news • Jun 17

White House’s Anthropic move jolts Congress back into the AI debate

The Trump administration's sudden moves to rein in Anthropic are giving fresh momentum to efforts in Congress to impose guardrails on cutting-edge...

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Business news • Jun 16

OpenAI Burned $3.7 Billion in First Three Months of 2026

OpenAI burned through $3.7 billion in the first quarter, more than half its $5.7 billion in revenue, according to documents the company shared with...

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Business news • Jun 16

Nasdaq and S&P 500 slip while Dow hits record close

June 16 (Reuters) - The Nasdaq Composite and the S&P 500 finished lower on Tuesday under pressure from ​technology stocks, while the Dow Jones Industrial...

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Business news • Jun 16

Hacking group claims major hack of Novo Nordisk and attempted $25 million extortion

A cyber extortion group claimed ​on Tuesday to have stolen more than a terabyte of data from pharmaceutical giant Novo Nordisk and said it is ‌exploring...

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Business news • Jun 16

US asset managers file for first ETFs targeting Wall Street's new obsession, AI and the 'MANGOS'

Just days after SpaceX wrapped up its record $75 billion initial public stock offering and ignited another burst of enthusiasm among traders for all things...

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Business news • Jun 16

Trump’s DoJ intervenes to back Elon Musk in datacenter pollution lawsuit

Justice department urges judge to throw out suit brought by NAACP over xAI's methane-gas turbines in Mississippi.

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Business news • Jun 16

SpaceX purchases Bay Area AI coding startup for $60 billion

The deal is part of an effort to boost Elon Musk's AI company, which has fallen behind key competitors.

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Business news • Jun 16

Anthropic's Fable shutdown is a big moment for open-source AI

Anthropic's Fable shutdown could boost open-source AI, but many of the models gaining traction are Chinese.

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Business news • Jun 16

Trump's AI export strategy runs into Trump's export controls

A flagship U.S. program designed to boost AI exports could be undermined by the very administration that created it.

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Business news • Jun 16

Amazon Prime Day 2026: What To Buy and What To Skip

As someone who's covered Amazon Prime Day for seven years, I can say with certainty that the key to saving the most money during the sale is going in with a...

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Business news • Jun 16

Z.ai’s open-weights GLM-5.2 beats GPT-5.5 on multiple long-horizon coding benchmarks for 1/6th the cost

Today, Chinese AI startup Z.ai (formerly Zhipu AI) announced the immediate release of GLM-5.2, a 753-billion parameter open-weights large language model...

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Business news • Jun 16

SpaceX Stock Has Climbed About 50%. The ‘Flippers’ Are Kicking Themselves.

SpaceX shares have surged nearly 50% in their first days of trading and left a trail of remorseful traders in their wake: those who sold too early.

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Business news • Jun 16

Anthropic Ban Stirs Concerns at OpenAI and Beyond of Crackdown on Foreign AI Talent

The U.S. government's latest battle with Anthropic has revived long-simmering concerns throughout the AI industry that the White House has placed a bullseye...

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Business news • Jun 16

Trading Day: US stocks mixed, oil slides, SpaceX continues its ascent

NEW YORK, June 16 (Reuters) - Wall Street was mixed on Tuesday as tech shares weighed on the S&P 500 and the Nasdaq while the Dow notched another record...

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Business news • Jun 16

Struggling Pizza Hut chain to be sold for $2.7bn

The decision comes after a prolonged period of difficulty for the chain, which has faced increasing competition from a range of rivals.

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Business news • Jun 16

Tech, Media & Telecom Roundup: Market Talk

The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

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Business news • Jun 16

SpaceX’s $60 Billion Cursor Acquisition Doubles 20-Something Cofounders’ Net Worths

Cursor's four young billionaire cofounders will be worth $2.7 billion each when the deal goes through, according to Forbes estimates.

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