business news
Stock futures slip as traders watch oil prices, Iran war for effect on economy: Live updates
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures slipped Wednesday night after the Dow Jones Industrial Average posted a second day of losses and rising oil prices kept traders on edge. Dow futures fell 294 points, or 0.6%. S&P 500 futures lost 0.6%, while Nasdaq 100 futures also dropped […]
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FCC chair slams Amazon for slow satellite launches after it opposed SpaceX data center plan
FCC Chairman Brendan Carr testifies during the House Energy and Commerce Subcommittee on Communications and Technology hearing titled “Oversight of the Federal Communications Commission,” in Rayburn building on Wednesday, January 14, 2026. Tom Williams | Cq-roll Call, Inc. | Getty Images Federal Communications Commission Chairman Brendan Carr lashed out at Amazon on Wednesday for opposing […]
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Atlassian slashes 10% of workforce to ‘self-fund’ investments in AI and enterprise sales
Mike Cannon-Brookes, co-founder of Atlassian Corp., in Sydney, Australia, on Dec. 6, 2023. Lisa Maree Williams | Bloomberg | Getty Images Atlassian said on Wednesday that it’s eliminating 10% of its workforce, or about 1,600 jobs, as the company restructures following a plunge in its stock price driven by developments in artificial intelligence. “We are […]
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The memory stock cycle of boom-bust-repeat is over, executives say
The artificial intelligence spending blitz has the memory industry dancing to a new tune. Shares of Micron are up more than 370% over the past year, while Sandisk, which only listed in February of last year, is up more than 1100%. For decades, memory stocks were stuck in a trader’s game, a boom-bust-repeat pattern, but […]
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Trump admin to announce trade investigations, aimed at replacing IEEPA tariffs: Reports
US President Donald Trump speaks to reporters before boarding Marine One as he departs from the South Lawn of the White House in Washington, DC, on March 11, 2026. Brendan Smialowski | AFP | Getty Images The Trump administration is expected to announce as early as Wednesday new trade investigations, with the goal of replacing […]
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Oracle’s TikTok stake sits at just over $2 billion, filing shows
Sopa Images | Lightrocket | Getty Images Almost two months after TikTok’s U.S. operations officially landed in the hands of a group of investors, Oracle disclosed its stake in the joint venture at roughly $2 billion. In its quarterly financial filing on Wednesday, Oracle said it recorded “non-marketable debt investments and equity securities and related […]
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Dow slides 300 points as oil prices move higher again amid Iran conflict: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading on March 10, 2026 in New York City. Michael M. Santiago | Getty Images The Dow Jones Industrial Average fell on Wednesday as investors continued to eye developments in the U.S.-Iran war and oil prices. The 30-stock index shed 328 points, […]
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Microsoft plans to ship prototype of next Xbox console to developers in 2027
Fairgoers play at the Xbox booth at the Cologne Trade Fair Center during the opening day of Gamescom 2025 in Cologne, Germany, on August 20, 2025. Ying Tang | Nurphoto | Getty Images Microsoft said Wednesday that it will send video game developers prototypes of its next-generation Xbox console in 2027, as the company tries […]
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Food prices could rise as Iran conflict disrupts fertilizer supply chain
The war in Iran could raise global food prices as the conflict disrupts fertilizer shipments through one of the world’s most critical trade routes. While energy markets have focused on oil supply risks, analysts say threats to fertilizer supply chains through the Straight of Hormuz may also bring long-term economic issues through food inflation. “Beyond […]
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Iran war: Trump says he’s not worried about domestic terror attack
U.S. President Donald Trump speaks to the media next to White House press secretary Karoline Leavitt, at the White House in Washington, D.C., U.S., March 11, 2026. Brian Snyder | Reuters President Donald Trump on Wednesday said he’s not worried about Iran executing a terror attack within the United States in retaliation for the ongoing […]
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