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Micron tops estimates, touts $22B in customer deals for memory chips
Micron forecasts quarterly profit and revenue above estimates and secures $22 billion in customer deals for memory chips amid ai-driven demand.
US new single-family home sales post second straight monthly decline
Sales of new U.S. single-family homes fell again in May due to rising mortgage rates and prices, challenging hopes for a housing recovery.
Oil prices steady as investors focus on Hormuz flows after peace talks
Oil prices remain steady as investors monitor crude flows through the Strait of Hormuz following progress in U.S.-Iran peace talks and easing sanctions.
US announces $17.5B in conditional loans for nuclear power
WASHINGTON, June 23 (Reuters) – The U.S. Department of Energy announced on Tuesday $17.5 billion in conditional loans for utilities and energy companies to purchase parts needed to strengthen the U.S. commercial nuclear supply chain. U.S. Energy Secretary Chris Wright told reporters the loans will help the U.S. achieve its[...]
SpaceX extends losses after $600B wipeout, tech stocks slide again
SpaceX shares declined further following a $600 billion market value loss as tech stocks, including chipmakers and hyperscalers, faced broad selloff.
Oracle workforce shrinks by about 21,000 employees amid AI adoption
Oracle's workforce declined by about 21,000 employees in fiscal 2026 due to restructuring and AI adoption, reflecting significant changes in its cloud computing operations.
Oil falls 4% after US-Iran talks signal easing supply risks
Oil prices fell 4% after US-iran talks signaled easing supply risks and the strait of Hormuz reopened, impacting global crude markets.
SpaceX launches notes offering, discloses $100.8B cash balance
SpaceX launched an offering of senior unsecured notes and disclosed a cash balance of $100.8 billion as of June 19, following its Nasdaq debut.
Alan Greenspan, longtime US Federal Reserve chairman, dies aged 100
Alan Greenspan, former US Federal Reserve chairman, died at 100. He led the Fed from 1987 to 2006, influencing US economic policy and facing criticism for the 2007 financial crisis.
Luigi Mangione plans ‘extreme emotional disturbance’ defense at CEO killing trial
Luigi Mangione plans to use an extreme emotional disturbance defense in the trial for the fatal shooting of UnitedHealthcare CEO Brian Thompson in Manhattan.
Apple to raise prices due to memory chip shortage, CEO tells WSJ
June 17 (Reuters) – Apple plans to raise prices on its products to offset increasing memory and storage chip costs, CEO Tim Cook told the Wall Street Journal in an interview. A surge in AI-driven demand for data centers has forced consumer electronics companies into a fierce competition for dwindling supplies of the key co[...]
Trump says Apple to partner with Intel on US chip design, production
Apple has agreed to work with Intel to design and manufacture chips in the United States, diversifying its manufacturing base amid high demand.
