Sunday, 12 July 2026Clear-eyed news, from daybreak on.
DaybreakWire
Independent news, around the clock
Author

Priya Raman

Priya Raman edits Business at Daybreak Wire. She came to journalism after years inside the numbers, and still reads filings, earnings calls and central-bank statements the way other people read novels. Priya's standard for a business story is simple: connect the figure to a person — what a rate decision does to a mortgage, what a merger means for a payroll. She is allergic to hype cycles in both directions, and insists that every number in her section appear exactly as the source published it.

Signage bearing the Oracle Corporation logo.

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.

Business  · 23 Jun 2026, 07:01  · Priya Raman
Alan Greenspan, who chaired the Federal Reserve from 1987 to 2006.

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.

Business  · 22 Jun 2026, 13:20  · Priya Raman
London's Canary Wharf financial district. (Illustrative)

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.

Business  · 22 Jun 2026, 06:22  · Priya Raman
A hand holds a memory chip. Surging AI demand has left Micron's high-bandwidth memory sold out for the year. (Illustrative file photo)

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.

Business  · 21 Jun 2026, 18:09  · Priya Raman
Federal Reserve Chair Kevin Warsh at his first FOMC news conference on June 17, 2026.

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.

Business  · 19 Jun 2026, 07:12  · Priya Raman
An Apple store, where prices on iPhones, iPads and Macs could rise as memory chip costs climb.

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.

Business  · 18 Jun 2026, 07:16  · Priya Raman
Social media apps including Instagram, TikTok and YouTube on a smartphone screen.

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.

Business  · 17 Jun 2026, 13:21  · Priya Raman
The Bank of England, which is expected to hold interest rates after May's inflation reading.

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.

Business  · 17 Jun 2026, 08:25  · Priya Raman
Lockheed Martin and GM Defense partnership hero image.

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.

Business  · 16 Jun 2026, 18:47  · Priya Raman
A Thames Water sign; the utility is Britain's biggest water supplier.

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.

Business  · 16 Jun 2026, 11:42  · Priya Raman
Shoppers crowd Nanjing Road, Shanghai's main retail street (file photo).

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.

Business  · 16 Jun 2026, 07:14  · Priya Raman
People walk beneath a large screen showing the Nikkei 225 index inside a building in Tokyo.

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.

Business  · 15 Jun 2026, 07:15  · Priya Raman
A SpaceX Falcon 9 rocket on the pad; the company's trading debut reshaped how investors priced its listed rivals.

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.

Business  · 14 Jun 2026, 08:18  · Priya Raman
A Sleep Number mattress retail storefront, the kind operated by the Minneapolis company across U.S. shopping centers.

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.

Business  · 13 Jun 2026, 17:51  · Priya Raman
Intel's headquarters campus in Santa Clara, California, photographed in 2023. Intel's stock has surged roughly 210% in 2026. Credit: Wikimedia Commons

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.

Business  · 13 Jun 2026, 10:05  · Priya Raman
The Warner Bros. studio lot, subject of the Paramount Skydance merger.

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.

Business  · 13 Jun 2026, 09:35  · Priya Raman
A driver fills up at a gas station, where pump prices that rose 40.5% over the year drove May's 4.2% inflation reading.

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.

Business  · 13 Jun 2026, 07:15  · Priya Raman

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.

Business  · 12 Jun 2026, 18:38  · Priya Raman
SpaceX's Starship rocket being prepared for a test flight at Starbase in Boca Chica, Texas, in a January 2025 file photo. Credit: AP Photo/Eric Gay

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.

Business  · 12 Jun 2026, 18:38  · Priya Raman