Day: June 9, 2025
Apple’s WWDC underwhelms on AI, but software gets biggest facelift in over a decade
Apple CEO Tim Cook speaks during the Apple Worldwide Developers Conference (WWDC) on June 09, 2025 in Cupertino, California. Justin Sullivan | Getty Images News | Getty Images Apple‘s annual developer conference on Monday lacked the splashy announcement that fans are used to seeing at WWDC. There was nothing like the Vision Pro reveal from […]
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China’s homegrown coffee giants are brewing up a U.S. expansion
Chinese beverage chains are redefining coffee culture in the country — and now they’re trying to win over customers in the U.S. and beyond. Luckin Coffee, China’s largest coffee chain, has expanded aggressively in China and overtaken Starbucks on the mainland, with more than twice as many outlets. Following an accounting fraud scandal that got the company […]
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Apollo eyes $100 billion Germany investment as private capital swerves U.S. turmoil for Europe
MEGA, or “Make Europe Great Again,” was a hot topic at this year’s biggest private markets event last week. The about-turn in sentiment toward the continent was illustrated no better than when the boss of industry juggernaut Apollo said he saw the opportunity to put $100 billion “in the ground” in Germany over the next […]
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Stock futures are little changed as investors await details on U.S.-China trade policy: Live updates
Traders work at the New York Stock Exchange on June 4, 2025. NYSE Stock futures are near flat on Monday night as investors waited for more insight on trade discussions between the U.S. and China. Dow Jones Industrial Average futures add 25 points points, or 0.1%. S&P 500 futures and Nasdaq 100 futures each also […]
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Disney to pay Comcast $438.7 million to take full control of Hulu, ending lengthy valuation process
Signage is seen at the 2019 Deadline Contenders Hulu Reception at Paramount Theater on the Paramount Studios lot on April 07, 2019 in Hollywood, California. Rachel Murray | Getty Images Disney has agreed to pay Comcast $438.7 million for its stake in the streaming service Hulu, concluding a years-long appraisal process. In 2023 Disney announced […]
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RFK Jr. removes all members of CDC panel advising U.S. on vaccines
U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. testifies before the Senate Committee on Appropriations hearing on the Department of Health and Human Services budget, on Capitol Hill in Washington, D.C., U.S., May 20, 2025. Ken Cedeno | Reuters Health and Human Services Secretary Robert F. Kennedy Jr. on Monday said he […]
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Crypto CEO accused of laundering $500 million linked to sanctioned Russian banks
Signage is seen at the United States Department of Justice headquarters in Washington, D.C., August 29, 2020. Andrew Kelly | Reuters Federal prosecutors in Brooklyn have charged the founder of a U.S.-based cryptocurrency payments firm with operating what they allege was a sophisticated international money laundering scheme that moved over half a billion dollars on […]
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FDA approves Merck’s RSV shot for infants, ramping up competition with Sanofi and AstraZeneca
The Food and Drug Administration on Monday approved Merck’s shot designed to protect infants from respiratory syncytial virus during their first season of the virus, bringing to market a rival to a similar treatment from Sanofi and AstraZeneca. The decision will allow the company to launch the drug, which will be marketed as Enflonsia, ahead […]
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Danny Moses of ‘The Big Short’ breaks down why he likes the unloved energy sector now
Investor Danny Moses, who made a killing betting against mortgage-backed debt before the 2008 crash, revealed he is bullish on the unloved energy sector. The Moses Ventures founder pointed out that energy stocks’ weighting in the S & P 500 benchmark is only 3% right now, compared to their historical average of 7%. “I don’t […]
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WWDC25 live updates: Apple to announce iOS 26, AI developments
Apple brings together its operating system names to simply 26 Thomas Fuller | SOPA Images | Lightrocket | Getty Images Apple is changing the style of its names of operating systems for all of its devices. To reflect the majority of the year when these software updates will be available to customers, the company will […]
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