Priya Raman
Oracle Cut 21,000 Jobs in a Year as It Funnels Cash Into AI
A securities filing shows Oracle’s headcount fell to 141,000 from 162,000 in a year. The company named its own AI as a factor while pouring billions into data centres.
Alan Greenspan, the Fed's 'Maestro,' Dies at 100
The longest-serving Fed chair of the modern era steered the U.S. through Black Monday and the 1990s boom, then spent his later years defending the low-rate bets critics tie to the 2008 crash.
Gen Z Is Out-Earning Britain's Millennials, but the Rebound Is Fragile
After years of being told they were priced out of adulthood, Britain's Gen Z workers are out-earning the millennials who came before them. The catch is who gets left out.
Micron Tops $1,000 a Share as the AI Memory Boom Heads Into Earnings
Micron has more than tripled in 2026 on sold-out AI memory. Its June 24 earnings will test whether a thousand-dollar share price has run ahead of the business.
Fed Holds Rates but Its Dot Plot Flips Toward a 2026 Hike
The Federal Reserve kept rates steady in Kevin Warsh's first meeting as chair, but its new projections show the median policymaker now expecting a 2026 hike rather than a cut.
Apple Says Price Increases Are 'Unavoidable' as Memory Costs Surge
The company that built the most profitable supply chain in technology says it can no longer shield buyers from soaring memory prices.
UK Under-16 Social Media Ban Could Cut £1.3bn From Digital Ads
Britain's under-16 social media ban has a price for advertisers: eMarketer trimmed its 2027 UK digital ad forecast by £1.3bn. The question is where the money goes.
UK Inflation Holds at 2.8%, Below Forecasts, Easing Rate Pressure
Consumer prices rose 2.8% in May, below forecasts, as cheaper food offset costlier air fares, clearing the way for the Bank of England to hold rates.
GM and Lockheed Martin team up to scale US weapons production
General Motors and Lockheed Martin signed an agreement to combine the automaker's mass manufacturing with the defense contractor's expertise, targeting US munitions capacity.
Thames Water Nears Nationalisation as UK Rejects Rescue Deal
The government said a £10bn creditor rescue didn't protect customers, pushing the debt-laden supplier of 16 million people closer to temporary state control.
China's Retail Sales Shrink for the First Time Since Covid
A surprise May contraction lays bare the gap between China's humming factories and its cautious shoppers, and sharpens the question of when Beijing will move to revive demand.
Asian Stocks Surge and Oil Slides on the US-Iran War Deal
A confirmed truce between Washington and Tehran sent Asia-Pacific shares to records and knocked oil lower, handing central banks a sliver of relief days before the Fed decides on rates.
SpaceX's Market Debut Sank Its Listed Space Rivals
The biggest name in the business finally went public. The reaction across the rest of the space sector was a sell-off, not a celebration.
Sleep Number Files for Bankruptcy, Agrees to $415 Million Sale to Sleep Country Canada
Sleep Number filed for Chapter 11 and agreed to a $415 million stalking-horse sale to Sleep Country Canada, blaming tariffs and inflation as 2,920 jobs hang on the outcome.
Bank of America Double-Upgrades Intel to Buy, Sets $135 Price Target
Bank of America analyst Vivek Arya bypassed Neutral and double-upgraded Intel to Buy on June 11, lifting his price target from $96 to $135—a call that projects more than $6 in earnings per share by 2030 on the back of a recovering CPU business and a growing foundry operation.
Justice Department Clears Paramount’s $110 Billion Warner Bros. Deal
Antitrust regulators approved the Paramount Skydance–Warner Bros. Discovery merger with no conditions, clearing the biggest federal hurdle for a media giant that would own CBS, CNN and HBO Max.
Inflation Hit 4.2% in May, Lifting the 2027 Social Security Raise
May's Consumer Price Index rose 4.2% from a year earlier, the most since 2023. A gasoline surge drove it, and the squeeze lands first on fixed incomes.
Adobe Beats and Raises Guidance, but CFO Exit to Marvell Sinks the Stock
A clean quarter and a higher full-year forecast were no match for the news that finance chief Dan Durn is leaving for chipmaker Marvell, the second top-level exit at Adobe in three months.
SpaceX Tops $2 Trillion After 25% Pop in Record $75 Billion Nasdaq Debut
Shares of Elon Musk's rocket company jumped about 25% in their first Nasdaq session, capping the largest public offering ever priced and setting up a fast track into the index funds that hold ordinary retirement savings.