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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.

An oil tanker loads crude at an offshore Gulf terminal.

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.

Business  · 28 Jun 2026, 07:44  · Priya Raman
A Saks Fifth Avenue storefront, part of the group now renamed Exemplar Luxury Group.

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.

Business  · 27 Jun 2026, 09:25  · Priya Raman
An electronic board tracking South Korea's KOSPI index, which fell more than 8% on Friday, June 26, 2026.

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.

Business  · 26 Jun 2026, 09:22  · Priya Raman
The trading floor of the Tokyo Stock Exchange, where Japanese shares rose more than 2% on Thursday.

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.

Business  · 25 Jun 2026, 08:40  · Priya Raman
Vessels seen off Musandam, Oman, near the Strait of Hormuz in June 2026.

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.

Business  · 24 Jun 2026, 09:23  · Priya Raman
A trader works on the floor of the New York Stock Exchange as global equities sell off.

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.

Business  · 23 Jun 2026, 13:17  · Priya Raman
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