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The Latest Breaking News on Business

Rory Kennedy revisits Boeing in new film sparked by whistleblower’s death: ‘We’ve got to stay at this’

Film-maker talks about her documentary on John Barnett, the Boeing whistleblower who killed himself in 2024

The Guardian - US

Trump Lets Americans Buy Iranian Oil for the First Time Since the 1980s

As part of peace negotiations, the U.S. Treasury issued an unprecedented total waiver from Iranian oil sanctions.

Reason

Generative AI expanding role in shopping, to enable AI-led purchases: Report

Generative AI is set to revolutionise consumer shopping, moving beyond discovery to completing transactions. Young shoppers, particularly Gen Z, are leading this shift, leveraging AI for product research and even purchases. As AI tools evolve and companies like Amazon and Walmart adapt, expect a new era of "agentic commerce" with…

The Economic Times

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US remains global leader in AI, but China rapidly closing gap with cheaper models: JP Morgan

The United States stands at the forefront of AI development, yet China is swiftly closing the gap with cost-efficient AI systems. Chinese companies are making headway in corporate environments by offering significantly lower operational costs than their American counterparts. This trend may accelerate as organisations prioritise cost-cutting, despite the continued…

The Economic Times

Oil Price Today (June 24): Crude oil near 4-month low as more tankers pass through Hormuz. What are experts saying?

Oil prices extended their decline on Wednesday, hovering near the four-month lows touched in the previous session, as signs emerged that more oil tankers stranded in the Gulf since the start of the Iran conflict are preparing to move through the Strait of Hormuz.

The Economic Times

Why Micron May Be the Most Undervalued Winner of the AI Boom

Micron's AI-driven surge has pushed its valuation to $1.36 trillion, with Meta and Tesla now within reach. With memory emerging as AI's biggest bottleneck, a $2 trillion valuation is becoming increasingly plausible.

Barchart

Dollar Moves Higher as Weak Stocks Boost Liquidity Demand

The dollar index (DXY00 ) climbed to a 13-month high on Tuesday and finished up by +0.36%. The dollar rallied on Tuesday's plunge in equity markets, boosting liquidity demand for the currency. The dollar also has carryover support from last Wednesday, when the FOMC projected higher interest rates later this...

Barchart

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ORCL Stock Layoffs: What to Know as Oracle Cuts 21,000 Jobs

Summary: Oracle has laid off about 13% of its global workforce over the past fiscal year. Are these job cuts bullish or bearish for ORCL shares’ long-term thesis? Let’s find out!

Barchart

“Windows Search needs less Bing” — Microsoft is finally adding an off switch in Windows 11

Microsoft is testing a hidden Windows 11 Search setting that lets users turn off Bing web results and Microsoft Store suggestions.

Windows Central

California drivers accuse gas station operators of using AI to boost pump prices — lawsuit seeks damages for antitrust violations

Californians pay the highest gas prices in the U.S. and a proposed class action says that the issue has been exacerbated by an AI-tool that smartly squeezes customers for the best profits.

Tom’s Hardware

Stop Celebrating Bitcoin’s Recovery. It’s Been Dead Money for 5 Years.

Bitcoin's price has recovered somewhat but remains near the same level it traded at five years ago while the S&P 500 has gained 62%. Continued ETF outflows and weakening demand suggest the crypto's challenges aren't over.

Barchart

Corn Holding onto Slight Losses on Tuesday

Corn futures are trading with 1 to 2 ½ cent losses across the front months on Tuesday. The CmdtyView national average Cash Corn price is down 1 3/4 cents at $3.79 1/4. USDA reported a private export sale of 100,000 MT of corn to Mexico, with 30,000 MT for old...

Barchart

Soybeans Showing Fractional Gains on Tuesday

Soybeans are trading with fractional gains at Tuesday’s midday. The cmdtyView national average Cash Bean price is up 1/2 cents at $10.65 ¾. Soymeal futures are up $1.60 to $2.30, with Soy Oil futures back down 30 to 52 points. Crop Progress data from NASS showed 93% of the US...

Barchart

New Study Finds Homeowners Over Age 65 Lose $20K When Selling Their Homes

Older homeowners are getting less for their homes when they sell, according to a new study, raising important questions about retirement income and taxes.

Kiplinger

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Fortune

UPS is shelling out nearly $50 million on temperature-controlled facilities to meet the booming demand for GLP-1 deliveries

Freight giants have pivoted to healthcare logistics, which they see as recession-proof.

Barchart

Is Texas Pacific Land Stock Underperforming the S&P 500?

Texas Pacific Land has trailed the broader S&P 500 Index over the past year, and Wall Street remains fairly bullish about the stock.

International Business Times

Stock Market Boom Is Making America's Wealth Gap Wider, Economist Warns

According to a recent analysis by RSM Chief Economist Joe Brusuelas, rising stock prices are making the rich significantly richer while providing only limited benefits to the broader economy.

Barchart

Is Ciena Stock Outperforming the S&P 500?

Ciena has rallied the S&P 500 Index over the past year, and analysts remain somewhat bullish about the stock’s growth prospects.

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Barchart

Why Was Tuesday Morning Like a Picture of a Polar Bear in a Blizzard?

I stared at the blank piece of electronic typing paper longer than usual Tuesday morning, trying to figure out what to say.

Everybody Loves Your Money

Resume Now Survey: 92% of U.S. Workers Job-Search During Work Hours—Experts Warn ‘Doomjobbing’ Can Hurt Productivity and Careers

Scrolling through job listings while sitting at a desk has quietly become a widespread workplace habit, and it is reshaping how people think about their current roles. A new Resume Now survey reveals that a striking 92% of U.S. workers search for new jobs during working hours, even while still…

The Independent UK

DOJ ends its crackdown on drivers who remove diesel emissions controls. The pollution impact will equal 9 million trucks

The decision aligns with a broader push by the Trump administration to scale back clean-air regulations

Barchart

Paramount Skydance Stock: Is PSKY Underperforming the Communications Sector?

Paramount Skydance has lagged behind the communications sector over the past year, and analysts remain unsure about its prospects.

International Business Times

Factory Job Cuts 'Running At The Highest Since 2009 If The Pandemic Is Excluded, S&P Says

Layoffs at U.S. factories stood at the highest levels since the 2009 financial crisis, according to a new report.

The Economic Times

US manufacturing soars on front-loading of orders; factory employment tanks to six-year low

US manufacturing activity surged in June as businesses stocked up anticipating shortages and price hikes, driven by Middle East conflict impacts. However, factory employment plunged to a six-year low due to rising operational costs. Despite peace talks offering some confidence, inflation concerns persist, leading manufacturers to cut jobs. This trend…

MarketBeat

As Inflation Hits 3-Year High, These 2 ETFs Are Designed to Hedge Against Rising Costs

With inflation hitting a three-year high of 4.2%, bond ETFs like SCHP and VTIP offer investors a liquid, low-cost way to hedge portfolios using U.S. TIPS.

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