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Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
Global markets tumbled after Federal Reserve Chair Kevin Warsh issued a hawkish first policy statement. The resulting tech sell-of
topicS&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
The S&P 500 and Nasdaq declined on Monday, pulled down by losses in megacap technology stocks including Alphabet. Investors are mo
topicWhatsApp gets new chief as Meta taps India's CRED founder Kunal Shah, and invests $900M in startup
Meta has named Indian fintech entrepreneur Kunal Shah to lead WhatsApp globally. Shah is stepping down as CEO of CRED to take over
topicReport: Under Armour closing corporate office in Portland
Under Armour is shutting its corporate footwear office in Southwest Portland. The company is relocating key functions to Baltimore
topicIt’s Not TV. It’s Instagram: App Is Testing Longform, Episodic Storytelling on TV
Instagram is expanding its television presence by testing horizontal video and episodic storytelling. The app is moving into the l
topicYum Brands sells Pizza Hut for $2.7B, sharpens focus on Taco Bell and KFC
Yum! Brands has signed a $2.7 billion deal to sell Pizza Hut to LongRange Capital and Yum China. The company is exiting its poores
topicFor cash-strapped farmers, deal to end Iran fighting comes too late
President Donald Trump and Vice President JD Vance state that an interim agreement to end the war with Iran will provide a financi
topicNYC hipster hotspot restaurant in trendy neighborhood seized for not paying $1.3M in taxes
Authorities shut down Kiki's, a popular restaurant in Dimes Square, for unpaid sales and personal income taxes. A bright orange se
AbbVie sharpens immunology focus with $10.9 billion Apogee deal
AbbVie is buying Waltham-based Apogee Therapeutics to expand its immunology and inflammatory disease pipeline. This $10.9 billion
topicExclusive: AI scholar Dean Ball says he's heading to OpenAI
OpenAI has hired former White House adviser Dean Ball and AI researcher Noam Shazeer. Ball will lead the Strategic Futures team to
topicWhy so many Americans can’t afford housing anymore
High home prices and mortgage rates are preventing millions of young Americans from buying homes. A shortage of affordable starter
topicWaymo's Driverless Cars Are Turning Los Angeles Residential Streets Into Staging Lots, and Neighbors Are Done With It
Waymo driverless taxis are causing friction in Los Angeles neighborhoods due to idling and staging on residential streets. Some Sa
topicMicron Stock Faces Tough Earnings Test. What History Says Happens Next.
Micron reports fiscal Q3 earnings on June 24 amid high AI memory demand. While the company has beaten estimates for eight straight
topic‘Whatever’: Trump now OK with Fed holding or raising rates as long as Powell not chair
Federal Reserve Chairman Kevin Warsh held interest rates steady during his first rate-setting meeting on June 17. President Trump
topicS. Korea’s KOSPI slumps 8%, triggers circuit breaker as AI rally turns tail
The KOSPI index plunged over 8%, triggering a marketwide circuit breaker and a brief trading halt. The decline was driven by profi
topicHyundai takes full control of Boston Dynamics as SoftBank exits for $325 million
Hyundai Motor Group has acquired SoftBank's remaining 9.65% stake in Boston Dynamics for $325 million. The robotics company is now
topicAccenture Plunges On Fiscal Q3 Results. Analyst Downgrades On 2027 Outlook.
Accenture stock fell 14% after the company lowered its revenue guidance to 3-4%. The decline follows a third-quarter revenue miss
topicStocks Hit by Tech Selloff, Yen Near 40-Year Low: Markets Wrap
Global equity markets are declining as investors sell artificial intelligence stocks to lock in profits. South Korea's Kospi index
topicWhy This AI Data Center Stock Is Surging on an AMD Partnership
Rackspace Technology shares rose 21% after announcing a deal to integrate AMD chips into its AI data centers. The partnership focu
topicFed Meeting Today: Nasdaq Set to Regain Ground as Investors Await Warsh's First Rate Decision
Federal Reserve Chair Kevin Warsh presided over his first FOMC meeting. The Fed has established inflation control as its primary p
topicDon't Get Left Behind On Space-Stock Moneymaking Blastoff
SpaceX has completed the largest IPO in history and trades under the ticker SPCX. Retail investment inflows for the company have s
topicMDA Space to buy Blue Canyon Technologies to gain foothold in U.S. market
Canadian firm MDA Space signed a definitive agreement on June 19, 2026, to buy Blue Canyon Technologies from RTX for $620 million
topicAsia shares slip as markets reprice Fed expectations, oil gains
Asian stocks mostly eased on Tuesday as investors anticipated more aggressive Federal Reserve action to combat inflation. Oil pric
topicDatabricks says it solved the decades-old data pipeline problem that's been slowing AI agents
Databricks is restructuring its data stack to support AI agents using a Lake Transactional/Analytical Processing architecture. Thi