Business

Fox’s plan to buy Roku for $22 billion is one of the biggest media tech deals of the year and a major bet on the future of television advertising. The offer values Roku at about $160 per share, combining cash and Fox Class A shares, and represents a significant premium to Roku’s previous market price. The logic is scale. Roku gives Fox a powerful connected TV platform at a time when traditional TV audiences are fragmenting, and advertisers are moving budgets toward streaming.

Iran's reopening to the global economy is being closely watched by the technology industry, which sees a country of 90 million people with high rates of smartphone adoption, strong engineering talent, and years of pent-up demand for digital services as a potentially significant emerging market. Major US technology platforms, including app stores, cloud services, and social media networks, have operated under sanctions restrictions that prevented them from serving Iranian user

Airlines, cruise lines, shipping companies, and manufacturers that absorbed months of elevated fuel costs due to the Strait of Hormuz closure are now confronting a dramatic reversal of fortune following Sunday's US-Iran peace announcement. Oil prices falling toward 80 per barrel from a peak above 100 represents a cost windfall that analysts say could materially boost second half earnings across multiple fuel intensive sectors. Delta Air Lines, which had already shown resilien

Brent crude futures have now fallen to around $83.77 per barrel following Sunday's Iran peace announcement, a decline of roughly 4 percent in a single overnight session that reflects markets beginning to price in the end of the most severe oil supply disruption in global history. The International Energy Agency had previously estimated that the Strait of Hormuz handled approximately 20 million barrels per day of crude oil and oil products before the war, representing roughly

Iran is set to receive approximately $24 billion in previously frozen assets under the terms of the memorandum of understanding reached with the United States, a figure that represents one of the largest sanctions relief payouts in diplomatic history. The funds have been locked in accounts across multiple jurisdictions, primarily South Korean, Japanese, and European banks that held payments for Iranian oil and gas exports, and their release will immediately restore significan

Cisco is in advanced talks to acquire Astrix Security, a Tel Aviv based startup specializing in monitoring and securing AI agents for between $250 million and $350 million, according to people familiar with the matter. Astrix has built technology designed to track what AI agents are doing, what data they are accessing, and whether their behavior falls within expected and authorized parameters, capabilities that are becoming increasingly critical as enterprises deploy autonomo

Robotaxi services have quietly moved from high profile prototype to genuine urban infrastructure in 2026, with autonomous ride hailing vehicles now operating commercially in dozens of cities across the United States, according to a new assessment from Nvidia's newsroom. The shift is one of the most tangible expressions of how quickly physical AI, the application of AI to real world mechanical tasks, has moved from lab to street. Passengers are routinely getting into vehicles

Figure, the humanoid robotics company, has secured two of the most significant commercial orders in the history of robotics: a 20,000 unit contract with Amazon and a 50,000 unit deal with Mercedes Benz that together represent a revenue pipeline exceeding 14 billion dollars through 2029. The company is already producing more than 1,200 robots per month and recently validated the capabilities of its Figure 03 prototype, which researchers say demonstrates dexterity and task comp

Apple used its Worldwide Developers Conference this month to unveil its biggest expansion of Apple Intelligence since the platform launched in 2024, headlined by a completely rebuilt version of Siri called Siri AI. The new assistant is designed to understand personal context, search across a user's emails, messages, and photos, answer questions using live web information, and carry out multi-step actions across apps, a significant leap from the more limited voice-command Siri

SpaceX's record-breaking IPO is already reshaping the broader space sector, with the company set to begin entering MSCI's global equity indexes on June 13, a process that will eventually force index-tracking funds around the world to buy shares of the newly public company. While inclusion is typically a positive catalyst for a stock, the scale of SpaceX's roughly $1.77 trillion valuation means index funds may need to raise cash by trimming positions elsewhere, a dynamic some

The Food and Drug Administration announced Friday that it has cleared the first over the counter continuous glucose monitor designed specifically for children, a move that expands access to a technology that has already transformed diabetes management for adults. Continuous glucose monitors use a small sensor worn on the skin to track blood sugar levels throughout the day and night, sending real-time data to a smartphone or receiver without the need for repeated finger-prick

The opening weekend of the 2026 World Cup is delivering an immediate economic jolt to host cities across the United States, Mexico, and Canada, with hotels, restaurants, and transit systems reporting sharp spikes in activity as fans from around the world descend on venues for the 48 team tournament. Friday's USA-Paraguay match alone drove a surge in local spending around its host stadium, while cities hosting Saturday's four-match slate, including the San Francisco Bay Area,

Cuban President Miguel Díaz Canel unveiled a package of economic reforms this week aimed at liberalizing parts of the island's centrally planned economy, marking one of the most significant shifts in Cuban economic policy in years. The measures reportedly include expanded space for private enterprise, changes to currency and pricing policies, and steps intended to attract foreign investment, all framed by the government as necessary adaptations to the severe economic pressure

Interest rate futures markets are pointing toward a steady policy decision when the Federal Reserve concludes its next meeting on June 17, with pricing implying a 0 basis-point move is by far the most likely outcome. The effective federal funds rate currently sits at 3.62%, within the central bank's target range of 3.5% to 3.75%, a range that has been in place since the Fed's most recent adjustment. As of Friday's market close, futures curves showed investors expect the polic

NVIDIA is reportedly developing a new AI model for healthcare documentation in partnership with Abridge, a startup that has become one of the fastest-growing names in clinical AI by helping doctors automatically generate notes from patient conversations. The collaboration would combine Nvidia's AI infrastructure and model-development expertise with Abridge's clinical workflow integrations, which are already used by a number of major US health systems to reduce the administrat

SpaceX made history on Friday with the largest initial public offering ever recorded, pricing shares at $135 and watching them rocket more than 19% on their first day of trading on the Nasdaq under the ticker SPCX. Shares opened at $150, surged past $160 shortly after the bell, and closed around $161.11, valuing Elon Musk's space and AI infrastructure company at approximately $1.77 trillion. The offering raised roughly $75 billion, instantly making Musk, who retains more than

Wall Street closed out the week on a high note Friday, with all three major indexes posting gains as investors digested SpaceX's blockbuster Nasdaq debut alongside growing optimism over a potential US-Iran peace agreement. The S&P 500 rose 0.5% to finish at 7,431.46, the Nasdaq Composite added 0.31% to close at 25,888.84, and the Dow Jones Industrial Average jumped 353.51 points, or 0.7%, to settle at 51,202.26. Goldman Sachs, Verizon, and JPMorgan led the Dow's gainers, clim

The US Department of Justice's Antitrust Division has cleared Paramount Skydance's roughly $110 billion acquisition of Warner Bros. Discovery, removing one of the largest remaining regulatory hurdles to what would be the most significant consolidation in the history of American media. In a statement issued Friday, the DOJ said its eight-month investigation, which involved reviewing more than two million documents from over 80 parties, concluded that the deal is not likely to

Oil prices fell again on Friday, with crude slipping roughly 2% to trade near $85 a barrel as growing confidence in an imminent US-Iran peace deal continued to ease fears of a prolonged disruption to Middle East energy supplies. The decline builds on weeks of gradual easing in crude prices since the most acute phase of the conflict, and AAA data shows the relief is now reaching consumers directly: average US gasoline prices have fallen approximately 40 cents per gallon compar

Prometheus, the industrial AI startup co-led by Amazon founder Jeff Bezos, announced this week that it has raised $12 billion in a new funding round at a valuation of $41 billion, bringing its total funding to more than $18 billion in just over a year. Investors in the round include JPMorgan Chase, Goldman Sachs, BlackRock, DST Global, and Arch Venture Partners, alongside Bezos himself, who was also the largest backer of the company's initial $6.2 billion raise when it launch