Iran behind attack on cargo vessel near Oman in Strait of Hormuz, U.S. official tells MS NOW
"The only crop we're harvesting is what you planted: decades of mistrust," Iranian parliament speaker Mohammad Bagher Ghalibaf said in a social media post.
ON Semiconductor strikes $7 billion deal for Synaptics in physical AI push
ON Semiconductor said the deal bumps up its total addressable market by $30 billion, to $243 billion by 2030.
Chicago Fed President Goolsbee says inflation is too high; Williams sees price pressures easing
In a live CNBC interview from his home district, Goolsbee declined to speculate on where he thinks interest rates are headed.
Democrats probe Trump's troubled $16 million reflecting pool renovation
President Donald Trump has attempted to spruce up Washington in advance of the country's 250th anniversary.
Trump keeps turning Republican wins into loyalty tests — and political liabilities
President Donald Trump’s moves on housing, FISA, Iran and Washington projects are creating new headaches for Republicans trying to show voters they can govern.
Supreme Court limits Roundup cancer suits against Bayer's Monsanto
Glyphosate, used in Roundup weedkiller, is the most commonly utilized herbicide in agriculture, and it has long been linked to cancer claims.
Judge says lawsuit against Trump DOJ 'anti-weaponization' fund will proceed
Acting Attorney General Todd Blanche originally set up the fund as part of a settlement of a lawsuit by President Donald Trump against the IRS.
Luxury spending now driven by experiences and 'inheritourism'
While luxury goods sales are expected to grow between 1% and 4%, experiences are on track for growth of between 3% and 7% this year, according to a new report.
GM reveals 2027 GMC Sierra pickup with new V-8 engines, redesigned styling
The new GMC Sierra trucks are crucial to GM's sales and earnings, especially highly profitable luxury Denali and off-road AT4 models.
As Social Security faces trust fund depletion, some Washington lawmakers call for taxing high earners
High earners may only contribute Social Security payroll taxes for part of the year. As the program faces funding woes, some lawmakers say that should change.
Microsoft lifts price of Xbox consoles due to soaring component costs
Microsoft said it's increasing the price of Xbox game consoles after Apple announced price hikes for MacBooks and iPads.
JPMorgan names Doug Petno and Troy Rohrbaugh co-presidents as longtime exec Marianne Lake exits
The moves would appear to make Doug Petno and Troy Rohrbaugh the most obvious possible successors to JPMorgan Chase CEO Jamie Dimon.
Judge blocks Trump's rule limiting federal student loans for certain grad school borrowers
A federal judge temporarily blocked Trump's limits on how much certain graduate students can borrow. That policy was set to go into effect July 1.
Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
The personal consumption expenditures price index was expected to show a 4.1% annual increase.
Bond ETF flows surge in hunt for yield: 'Market sniffing out something here,' says BlackRock exec
Bond investors are abandoning aggregate benchmarks in favor of a broad mix of fixed-income investments to maximize yield with the stock market on edge.
Apple stock gets slammed on bigger Mac, iPad price hikes. Why it can weather the storm
The stock had its worst session in more than a year as management made its first official move to pass higher memory costs onto consumers.
Wendy's turns lower as meme rally fails to extend to a second day
The stock's volatile run appeared largely disconnected from company fundamentals and instead reflected a burst of social media enthusiasm.
Chan Zuckerberg Initiative's Biohub to open new rare disease funding round
Chan Zuckerberg Initiative's Biohub will offer new grants to the rare disease community while expanding its AI drug repurposing partnership with Every Cure.
Chevron says no quick fix for gas prices as Trump takes on Big Oil: ‘It’s going to take time’
Her comments come shortly after President Donald Trump ordered an investigation into Big Oil, accusing them of "gouging" consumers.
TikTok and YouTube are reinventing sports viewership. Broadcasters are taking note
Leagues, teams and media networks are increasingly meeting younger fans on social media as platforms like TikTok, Roblox and YouTube capture most of their time.
GameStop’s CEO just sacrificed a $35 billion pay package. Here’s how it could impact his effort to buy eBay
Ryan Cohen has shared few details on how he'll move forward with his $56 billion offer for eBay since the company rejected the proposal in May.
Trump pledges rapid U.S. response for Venezuela after historic earthquakes kill hundreds
The swift U.S. offer of assistance reflects a degree of diplomatic realignment between the Trump administration and the Venezuelan interim government.
Iraq piles pressure on OPEC over quota dispute after UAE exit
Reuters reported that though Iraq had considered leaving OPEC, the current plan is to remain a member of the group while seeking a higher output quota.
Darden Restaurants earnings beat estimates but Olive Garden growth weakens
Same-store sales growth at Darden's fine-dining restaurants and Olive Garden fell short of expectations.