Business news

Business news • Jun 16

New 'Apple One' Perk Extends to Chase's Sapphire Reserve Credit Card

Yesterday, we reported that Chase's Sapphire Preferred credit card ($95 annual fee) now offers a complimentary one-year Apple TV streaming subscription,...

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Business news • Jun 16

‘Awful thing:’ Elon Musk’s xAI seeks dismissal of NAACP lawsuit

xAI and its subsidiary have filed a motion to dismiss the suit, citing that its operation is crucial to the nation's economy.

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Business news • Jun 16

‘Reeks of Corruption’: Top DOJ Officials Reportedly Cleared Paramount-Warner Bros. Merger Before Staff Lawyers, Who Were ‘Leaning’ Toward Antitrust Lawsuit, Could Object

Top Justice Department officials moved to drop the antitrust investigation into Paramount's $111 billion takeover of Warner Bros. Discovery before the team...

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Business news • Jun 16

On Uber and Lyft, different prices for the same ride raise questions about how fares are calculated

A Consumer Reports investigation finds Uber and Lyft riders often see different prices even when they request rides at the same time on the same route.

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Business news • Jun 16

U.S. oil stockpile falls to 43-year low

The U.S. Strategic Petroleum Reserve played a critical role in keeping a lid on oil and gasoline prices during the Iran war, but it's running low.

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Business news • Jun 16

How SoFi Went From Fintech Darling To Wall Street Pariah

Former investment banker Anthony Noto built SoFi into a lending juggernaut, helping to push its valuation to nearly $40 billion. Now Wall Street is doubting...

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Business news • Jun 16

Vietnam's economy is one of the fastest-growing in the world. Can it make the leap into the ranks of middle-income countries?

Hanoi wants to grow the economy by 10% annually by the end of the decade--but does Vietnam have enough capital, labor, and infrastructure to meet these...

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Business news • Jun 16

Dow rises above 52,000 for the first time as oil prices extend decline, but a tech selloff weighs on the S&P 500 and Nasdaq

The Dow Jones Industrial Average ended at a new record close on Tuesday as falling oil prices eased inflation concerns and bolstered economically sensitive...

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Business news • Jun 16

The Iran War Permanently Altered the Global Economy

The global order has been altered, and economies are unlikely to simply pick up where they left off before the U.S. and Israel began bombing Iran.

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Business news • Jun 16

Republicans hopeful Iran deal could stop the pain at the pump — but it may be too late

Even if gas prices ease, some Republicans, including those close to the White House, fear that voter perceptions of a sour economy are already baked in.

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Business news • Jun 16

SpaceX Overtakes Amazon in Value as Post-IPO Rally Reaches 49%

SpaceX jumped for a third straight day on Tuesday, overtaking Amazon.com Inc. in value to become the fifth-largest stock in the world.

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Business news • Jun 16

Iran war is a wake-up call for Southeast Asia’s energy sector, IEA report says

The International Energy Agency says Southeast Asia's power sector is too open to risks from its dependence on imports of oil and gas from a limited number...

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Business news • Jun 16

Fox is buying Roku. It’s a big bet on making streaming free.

Fox's Lachlan Murdoch called the deal a “defining moment” for the company, in a move that would further consolidate the news, entertainment and streaming...

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Business news • Jun 16

US stock market climbs as US-Iran deal stirs hopes for end to energy chaos

US stocks have rallied on hopes that the tentative deal to end the US-Israel war on Iran will restore stability to energy supply chains roiled by months of...

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Business news • Jun 16

Anthropic, Trump Officials Seek Deal on Restoring Powerful Model Access

'Both parties are working quickly to get this resolved,' Anthropic says in first public comments since it pulled Fable and Mythos models.

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Business news • Jun 16

How Anthropic lost the White House’s trust — and then its flagship product

The Trump administration weighed export controls on Anthropic weeks before forcing its AI model offline, after a dispute over sharing its technology with a...

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Business news • Jun 16

Fox Corp. to buy video streaming giant Roku for $22 billion

Fox Corp. announced plans to acquire the video streaming giant Roku in a deal valued at $22 billion. NBC News' Brian Cheung spoke with Natalie Jarvey from...

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Business news • Jun 16

Is the Iran war just an energy shock - or a turning point?

The Iran war's disruption to global crude oil and LNG markets is already being measured in lost barrels and higher prices. Now, with a U.S.-Iran peace deal...

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Business news • Jun 16

CNBC Daily Open: Relief rally rolls on as Mideast deal boosts sentiment

As investors look to the formal signing of the Iran deal on Friday, equities are hitting fresh highs, oil is down and yields are pulling back.

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Business news • Jun 16

Anthropic Is Still at Odds With the White House Over Claude Fable 5

Anthropic leaders flew to Washington, DC, to meet with White House officials on Monday. After high-level talks, they're still split on the risk Claude Fable...

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