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The Latest Breaking News on Business

Retail sales up a strong 0.9% in May, underscoring the resilience of the US consumer

Shoppers stepped up their spending in May, surpassing economists' expectations, as temperatures warmed and gasoline prices cooled

AAP

US retail sales beat expectations in May as energy costs stay high

US retail sales significantly exceeded expectations in May, climbing 0.9 percent to $763.7 billion, driven by a substantial 3.4 percent increase in spending at gas stations. This surge, fueled by elevated energy costs due to the Middle East war, indicates robust consumer spending despite inflation pressures.

The Economic Times

Retail sales up a strong 0.9% in May, underscoring the resiliance of the US consumer

Shoppers stepped up their spending in May, surpassing economists' expectations, as temperatures warmed and gasoline prices cooled

AAP

From analysis to the latest developments in health,
read the most diverse news in one place.

Retail sales up a strong 0.9% in May, underscoring the resilliance of the US consumer

Shoppers stepped up their spending in May, surpassing economists' expectations, as temperatures warmed and gasoline prices cooled

AAP

Factory CEO gave every employee a $3,000 cooling mattress cover because ‘they will be sharper’ at work

When the AI startup Factory had just 30 employees, chief executive Matan Grinberg made an unusual investment in his workforce. Instead of spending on flashy office perks, he bought a $3,000 Eight Sleep mattress cover for every employee. Grinberg said better rest translates into better performance and compared engineers to…

The Times of India

US awards $500 million to Nvidia-backed SandboxAQ for finding new chipmaking materials

America is investing heavily in its chip industry. The US government has given a massive $500 million to SandboxAQ. This company will develop new chemicals and materials for making computer chips right here in America. The goal is to reduce reliance on foreign supplies for crucial components.

The Economic Times

Starbucks Korea to shut 2,000 stores to teach history lessons to employees

Starbucks Korea is closing over 2,000 stores for mandatory history and social sensitivity training after a marketing campaign sparked outrage. The "Tank Day" promotion, coinciding with the Gwangju massacre anniversary, led to boycotts and leadership changes. The half-day shutdown on June 22 is expected to cost 2.1 billion won in…

The Economic Times

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The Trump Administration Wants More Tariffs To Combat 'Structural Excess Capacity.' Here's What That Means.

When businesses in other countries produce more goods than their domestic markets can use, is that a conspiracy against America? Of course not.

Reason

Elon Musk’s unprecendented accumulation of wealth

IPO mints Musk as world’s first trillionaire – now SpaceX is public, it will be harder than ever not to have a stake in its future

The Guardian - US

PayPal winds down venture arm as fintech giant restructures under new CEO

The fintech is exploring the sale of parts of its portfolio on the secondary market.

Fortune

Spotify was down — what happened during the short outage

Something was wrong with Spotify as thousands of users reported issues with the music streaming service.

Tom’s Guide

ChatGPT’s market share dips below 50%: Key AI trends to know

Hit by Google Gemini's continued expansion and Claude's recent growth, ChatGPT's share of the AI assistant market fell below 50% for the first time in March 2026, as per a report published by market intelligence firm Sensor Tower.

The Economic Times

Robinhood CEO Says 'Business Has Never Been Stronger,' Then Cuts 10% of Workforce

Robinhood plans to cut 10% of its workforce to streamline operations, despite strong performance and record trading. The restructure aims to boost efficiency and simplify management.

International Business Times UK

Sleep Number has filed for bankruptcy — here's what that means for your smart mattress

Sleep Number plans a sale to bedding brand Sleep Country Canada — here's what will happen to your Sleep Number mattress and app.

Tom’s Guide

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The Economic Times

US Stock Market: Wells Fargo raises S&P 500 target on stronger earnings outlook, easing macro risks

Wells Fargo has raised its year-end 2026 target for the S&P 500 to 7,950 from 7,300, implying a potential upside of about 5% from current levels. The brokerage cited stronger corporate earnings, easing macroeconomic uncertainty following the interim U.S.-Iran agreement, and improved investor sentiment after a recent market pullback.

AAP

IBM Study: Limited Control and Rising Dependencies Leave Enterprises Exposed in the Age of AI

ARMONK, N.Y., June 17, 2026 /PRNewswire/ -- A new global study by the IBM (NYSE: IBM) Institute for Business Value finds that as enterprises embed AI deeper into core business operations, most surveyed organizations remain locked into AI systems they cannot easily change, reinforcing the growing importance of AI sovereignty…

Tom’s Hardware

'The retail SSD market has almost disappeared,' says Silicon Motion exec — PC OEMs are buying third-party drives as direct NAND supply dries up

Vice president of client storage solutions at Silicon Motion warns that the retail SSD market has almost disappeared as NAND makers prioritize shipments of memory to AI data centers.

Barchart

The Dell Story Is No Longer Just About PCs. Here’s Why the Stock Still Looks Undervalued.

The market may still be mispricing Dell's AI opportunity.

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Barchart

Doing the Math: How Micron Stock Could Reach $2,100 by 2028

Micron's AI memory leadership and sold-out production capacity could drive explosive revenue and earnings growth through 2028. If demand remains strong, a $2,100 stock price may be within reach.

Barchart

Why Cathie Wood Is Selling AMD Stock

Cathie Wood is trimming AMD to fund a bigger bet on SpaceX, even as the chipmaker's AI growth story remains intact.

Windows Central

Investors say Microsoft inflated Copilot's success and OpenAI partnership — as Azure stumbles with growth concerns

Shareholders accuse Microsoft of masking cloud struggles while betting big and investing billions on AI infrastructure.

Barchart

Dell Stock Looks Cheap Here With Higher Analyst Forecasts - Short Put Plays Are Attractive

Analysts have raised 2027 revenue forecasts for Dell Technologies, implying higher FCF and price targets. Shorting out-of-the-money DELL puts is attractive now. A 10% OTM put expiring in one month yields 4.9%.

TechRadar

Travel disruption is a productivity nightmare – AI is the game changing solution

As travel disruptions continue, AI is becoming essential to keeping business travelers moving seamlessly.

Barchart

Cooper Companies Stock: Is COO Underperforming the Healthcare Sector?

Cooper Companies has lagged behind the healthcare sector over the past year, and analysts remain moderately bullish about its prospects.

The Economic Times

Microsoft launches AI agent with pay-as-you-go pricing

Microsoft is changing how it charges for its software for the first time in two decades, moving to bill customers with a pay-as-you-go model each time they use its new AI agent. The turn is a notable one for Microsoft, whose office software has relied for some two decades on…

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