Tag: Business
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SpaceX, Charter discussed mobile phone partnership in US, Bloomberg News reports
June 26 : SpaceX and internet provider Charter Communications have held executive-level talks about partnering on a consumer mobile phone offering in the United States, Bloomberg News reported on Friday, citing sources.Reuters could not immediately verify the report.
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Zuckerberg asks Meta to explore working with Polymarket and Kalshi, NYT reports
June 26 : Meta CEO Mark Zuckerberg has urged his lieutenants to explore partnerships with the popular prediction markets Polymarket and Kalshi as his company builds a similar app, the New York Times said on Friday, citing three employees with knowledge of the matter. Meta and Kalshi did not immediately respon
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Ryan Cohen-led GameStop pledges to pursue its takeover offer for eBay
June 26 : GameStop pledged on Friday to pursue its proposed takeover of eBay, even after the e-commerce firm rejected an unsolicited cash-and-stock offer of about $56 billion from the videogame retailer.GameStop CEO Ryan Cohen had surprised Wall Street with the offer to buy eBay in May to turn it into a bigge
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SpaceX rises marginally ahead of Russell rebalance
June 26 : Shares of SpaceX rose a marginal 0.15 per cent on Friday ahead of its inclusion in Russell indexes, with passively managed funds tracking those benchmarks required to add billions of dollars’ worth of Elon Musk’s internet and rocket company to their holdings.Traders exchanged about $19 billion worth
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US launches new Chinese tech crackdown, will ban some imports
WASHINGTON, June 26 : The U.S. Federal Communications Commission on Friday said it will ban the import of equipment from a group of Chinese manufacturers, the latest move by Washington to crack down on Chinese-made electronic gear.The FCC in 2022 previously barred approvals of new models of telecommunications
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Oracle stock has worst week since 2001 dot-com bust as AI financing concerns escalate
Oracle’s surging spending, negative free cash flow and $130 billion debt pile are weighing on the stock.
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Dollar declines for second straight day but set for weekly gain
NEW YORK, June 26 : The dollar fell for a second straight session on Friday as recent economic data and a drop in oil prices slightly cooled expectations for Federal Reserve rate hikes, although the yen remained in territory that left it primed for an intervention.Despite the recent declines, the greenback wa
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EU defends digital tax approach, says ready to act if Trump takes measures
BRUSSELS, June 26 : The European Commission said on Friday the EU and its member states have the sovereign right to regulate economic activity, responding to U.S. President Donald Trump’s threats over digital taxes.”Any taxes are non-discriminatory by design and apply equally to all large companies, regardles
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Walmart heir Lukas Walton buys minority stake in the Chicago Bulls and United Center
Lukas Walton is the 39-year-old grandson of Walmart founder Sam Walton. He and Samantha Walton are residents of Chicago.
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Wall Street is set to close the books on a memorable first half next week. Here’s what’s ahead
The view is more rosy than investors could’ve been expected, as they wrap up the month, quarter, and first half of 2026 next week.
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