Traders work at the New York Stock Exchange on June 3, 2026. NYSE U.S. equities fell on Wednesday after President Donald Trump signaled that negotiations with Iran were taking “too long” and threatened more action. The Dow Jones Industrial Average fell by 953.33 points, or 1.87%, to 49,918.78. The S&P 500 lost 1.62% to end…
The world’s richest person wants to sell you the world’s biggest IPO — and one of the most expensive. SpaceX insiders are certain to reap a huge return from a stock sale expected to rocket Elon Musk into being the first trillionaire, but what about the rest of us? Subscribe to read this story ad-free…
FOX Business White House correspondent Edward Lawrence explains how soaring gas and energy prices drove inflation higher than wage growth, while President Donald Trump’s oil reserve strategy aims to ease pressure. The U.S. Strategic Petroleum Reserve (SPR) is dropping toward Biden-era lows toward levels not seen since the Reagan administration. According to the latest data…
Palantir CEO Alex Karp said the artificial intelligence software company’s enterprise customers are “unhappy” with how the frontier labs are operating. “It’s not just the man and woman on the street that is unhappy with the frontier labs, it’s in private, every single enterprise we deal with,” he told CNBC’s Sara Eisen on Wednesday. Many…
Seeking: Business executive to help manage one of the nation’s best-known news brands. Must enjoy long hours, a fluid work schedule — and an editorial chief with predilection for generating controversy. Paramount Skydance has been on the hunt for a business executive who can work with Bari Weiss, the editor in chief of CBS News,…
A Mornings with Maria panel analyzes the markets, the impact from the conflict in Iran and investing in companies that the government has a stake in. Inflation ticked higher in May as American consumers continued to face elevated fuel prices amid the Iran war’s impact on the energy market and across the economy. The Bureau…
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What happened: Supermicro Computer (SMCI) stock tumbled as much as 13% at the open on Wednesday. What’s behind the move: The AI server maker announced plans to raise approximately $7 billion through a combination of equity and equity-linked financing. Supermicro said the capital will be used to purchase components to fulfill roughly $39 billion in…
What happened: Supermicro Computer (SMCI) stock was poised to decline as much as 12% at the open on Wednesday. What’s behind the move: The AI server maker announced plans to raise approximately $7 billion through a combination of equity and equity-linked financing. Supermicro said the capital will be used to purchase components to fulfill roughly…
David Ellison, the chief executive of Paramount, promised to respect the editorial independence of “60 Minutes” in a call with Lesley Stahl, one of the show’s correspondents, she told The New York Times on Tuesday. The call to Ms. Stahl, made on Sunday, was one of the first signs that Mr. Ellison was personally taking…
