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Business

Market and economic updates.

OECD Warns of Weakened Global Growth Amid Middle East Energy ShockBusiness
Jun 18, 2026By Ali Raza Sheikh

OECD Warns of Weakened Global Growth Amid Middle East Energy Shock

The OECD warns that the global economic outlook has weakened due to energy shocks and inflation from the Middle East con...

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The AI Spending Paradox: Cheaper Tokens Fuel Massive Corporate SplurgesBusiness
Jun 18, 2026By Ali Raza Sheikh

The AI Spending Paradox: Cheaper Tokens Fuel Massive Corporate Splurges

As the cost of AI processing tokens decreases, corporate spending on artificial intelligence is actually surging due to ...

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US Mergers and Acquisitions Explode to $1.2 Trillion in First Five Months of 2026Business
Jun 18, 2026By Ali Raza Sheikh

US Mergers and Acquisitions Explode to $1.2 Trillion in First Five Months of 2026

US mergers and acquisitions have skyrocketed to $1.2 trillion in the first five months of 2026, driven by private equity...

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Federal Reserve Signals Potential Late-2026 Rate Hike, Sparking Market Sell-OffBusiness
Jun 18, 2026By Ali Raza Sheikh

Federal Reserve Signals Potential Late-2026 Rate Hike, Sparking Market Sell-Off

The stock market plummeted after the Federal Reserve signaled a potential interest rate hike in late 2026 to fight infla...

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China's Shanghai Composite Slips as Global Markets Digest Hawkish Fed SignalsBusiness
Jun 18, 2026By Ali Raza Sheikh

China's Shanghai Composite Slips as Global Markets Digest Hawkish Fed Signals

China's Shanghai Composite slipped 0.37% to 4093 points as investors reacted to hawkish signals from the U.S. Federal Re...

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AI Paradox: Cheaper Tokens Drive Unprecedented Corporate Spending SupercycleBusiness
Jun 18, 2026By Ali Raza Sheikh

AI Paradox: Cheaper Tokens Drive Unprecedented Corporate Spending Supercycle

As the cost of AI computing tokens drops, companies are spending vastly more on artificial intelligence, a phenomenon kn...

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Crude Oil Prices Plunge as US-Iran Deal Reopens Strait of HormuzBusiness
Jun 18, 2026By Ali Raza Sheikh

Crude Oil Prices Plunge as US-Iran Deal Reopens Strait of Hormuz

Crude oil prices have plunged following a groundbreaking US-Iran agreement that reopens the Strait of Hormuz, clearing a...

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Fox Corporation Acquires Roku in Massive $22 Billion Deal to Reshape StreamingBusiness
Jun 18, 2026By Ali Raza Sheikh

Fox Corporation Acquires Roku in Massive $22 Billion Deal to Reshape Streaming

Fox Corporation has announced a $22 billion cash and stock deal to acquire streaming pioneer Roku, marking a massive con...

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Federal Reserve Holds Rates Steady Under New Chair Kevin Warsh, But Hike LoomsBusiness
Jun 18, 2026By Ali Raza Sheikh

Federal Reserve Holds Rates Steady Under New Chair Kevin Warsh, But Hike Looms

Federal Reserve Chairman Kevin Warsh kept interest rates unchanged in his first decision, but half of the committee offi...

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State Street Reports Record Custody Assets GrowthBusiness
Jun 17, 2026By Ali Raza Sheikh

State Street Reports Record Custody Assets Growth

State Street Corp. reported record growth in assets under custody on June 17, 2026, surpassing $50 trillion globally. Th...

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