Priya Raman
Oil Falls to Pre-War Lows as Hormuz Reopens, but the Truce Wobbles
Crude has round-tripped much of its wartime spike as Gulf shipping resumes, but the weekend's strikes show how fragile the relief is.
Saks Exits Bankruptcy as Exemplar, Shedding Stores and Debt
The owner of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman exited Chapter 11 with a new name, $500 million in financing and a smaller footprint.
Seoul market halts trading as Apple price hikes deepen AI selloff
A 20-minute trading halt in Seoul, Apple down 6% in New York, and a wobble under the AI trade that has carried Asian markets all year.
Micron Quadruples Revenue and Asia's Stock Markets Surge
Record results from Micron, built on a $100 billion order backlog, eased fears over the AI rally and sent Asian equities sharply higher on Thursday.
Brent Slides Below $76 as Hormuz Reopens and Iranian Oil Returns
Brent crude fell to $75.79 on Wednesday, its lowest since the eve of the Iran war, as the Strait of Hormuz reopened and Iranian barrels flowed back to market.
Chip Sell-Off Routs Global Markets as Kospi Sinks Nearly 10%
South Korea's market tripped a circuit breaker, Nasdaq futures slid about 3%, and the AI trade that powered a year of gains went into sharp reverse. Here is what actually moved, and what it touches.
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.