Business news

Business news • Jun 16

SpaceX closes in on Amazon in sprint toward $3 trillion

SpaceX (SPCX) surged again on Tuesday, briefly topping both Amazon (AMZN) and Microsoft (MSFT) as the rocket maker's market value approached $3 trillion.

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Business news • Jun 16

How Roku fits into Fox's future — and what investors are missing about the deal

Fox's stock dropped following its announcement that it will acquire Roku for $22 billion. Analysts still think it's a good deal.

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Business news • Jun 16

Stock market today: Dow rises, S&P 500 and Nasdaq drift ahead of Warsh's first Fed meeting as chair

Wall Street stocks were mixed on Tuesday as hopes faded for a swift reopening of the Strait of Hormuz and focus turned to the Federal Reserve's policy...

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Business news • Jun 16

US student debt repayment system is being overhauled – here’s what to know

Borrowers face stricter payment timelines after Biden-era Save repayment plan was ended by Donald Trump.

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Business news • Jun 16

Pizza Hut, overtaken by the arrival of delivery culture, will be sold for $2.7 billion

Pizza Hut's parent company is selling the 68-year-old chain for $2.7 billion. Yum Brands said on Tuesday that the private equity firm LongRange Capital will...

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Business news • Jun 16

SpaceX Is More Valuable Than Meta, Broadcom and Many Others

In its first few days of trading, Elon Musk's newly listed rocket maker has become one of the world's most valuable companies.

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Business news • Jun 16

SpaceX rockets past Amazon, eyes Microsoft in sprint toward $3 trillion

SpaceX (SPCX) surged again on Tuesday, passing Amazon (AMZN) and briefly topping Microsoft (MSFT) as the rocket maker's market value approached $3 trillion.

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Business news • Jun 16

Meta's CTO says morale is almost 'the worst it's ever been'

Meta recently faced layoffs and AI shifts. CTO Andrew Bosworth acknowledged low morale, though he said it was worse during Cambridge Analytica.

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Business news • Jun 16

Ex-Citi executive says bank sacked her after raising Trump concerns

A former Citigroup executive says she was sacked after raising concerns about the Wall Street bank's courting of Donald Trump as a client and expressing...

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Business news • Jun 16

The Surprising FDA View That Sent Moderna Stock Flying

Moderna stock surged Tuesday after documents posted ahead of a key meeting suggested the FDA would likely approve its flu shot.

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Business news • Jun 16

Wall Street ended mixed as SpaceX climbed and broader tech fell

Wall Street's major market averages ended mixed on Tuesday after the U.S.-Iran peace deal lifted sentiment in the previous session.

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Business news • Jun 16

Chick-fil-A's reign is over. See who is now the top fast food chain

The king of fast food has officially been dethroned. For the first time in more than a decade, Chick-fil-A is no longer the top-rated quick-service...

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Business news • Jun 16

D.O.J. Seeks to Halt Pollution Lawsuit Against Elon Musk’s Data Center

In an unusually aggressive move, the Justice Department told a federal court in Mississippi that Elon Musk's artificial intelligence company, xAI,...

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Business news • Jun 16

Exclusive: PayPal winds down venture arm as fintech giant restructures under new CEO

PayPal is shuttering its 10-year-old venture team amid a broader corporate shakeup, according to five sources familiar with the matter.

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Business news • Jun 16

Microsoft walked away from a $3 billion deal to lease Oracle cloud capacity over security concerns

Microsoft was recently in talks with Oracle for cloud infrastructure, but sources say the deal fell through over security and compliance concerns.

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Business news • Jun 16

Exclusive / Netflix wades into the M&A game

It failed in a bid for Warner Bros. Discovery. Then, it bowed out of its pursuit of Roku, according to people involved in the sale process.

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Business news • Jun 16

KFC Announces 'Next Chapter' for Its Chicken

KFC is betting its future on chicken without the bones, as well as drinks with a lot more flair. The chain on Monday laid out a "next chapter" built around...

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Business news • Jun 16

Markets News, June 16, 2026: Dow Hits Record as Chip Stocks Lead Tech Lower; SpaceX Stock Soars on Cursor Deal

Tech stocks took a breather and the Dow extended its run of record highs on Tuesday as Federal Reserve and Group of Seven meetings got underway.

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Business news • Jun 16

Technical factors are adding fuel to SpaceX's meme stock fire

Options, leveraged ETFs and index arbitrage are likely boosting the stock ahead of its inclusion in some benchmark stock indexes.

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Business news • Jun 16

Lutnick’s Letter to Anthropic Warned of Curbs on Top AI Models

US Commerce Secretary Howard Lutnick warned Anthropic PBC in a letter last week that it would need government permission to grant foreign nationals access...

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