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Business

Market and economic updates.

Vanguard Lowers Expense Ratios on 50 Mutual FundsBusiness
Jun 17, 2026By Ali Raza Sheikh

Vanguard Lowers Expense Ratios on 50 Mutual Funds

Vanguard Group announced lower expense ratios on 50 mutual funds effective June 17, 2026. The cuts are expected to save ...

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BlackRock Launches Spot Bitcoin ETF with Zero FeesBusiness
Jun 17, 2026By Ali Raza Sheikh

BlackRock Launches Spot Bitcoin ETF with Zero Fees

BlackRock Inc. launched a spot Bitcoin ETF with a temporary zero-fee structure on June 17, 2026. The asset manager aims ...

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Morgan Stanley Expands Wealth Management DivisionBusiness
Jun 17, 2026By Ali Raza Sheikh

Morgan Stanley Expands Wealth Management Division

Morgan Stanley announced a major expansion of its wealth management division on June 17, 2026, hiring 500 new advisors. ...

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Goldman Sachs Cuts Investment Banking FeesBusiness
Jun 17, 2026By Ali Raza Sheikh

Goldman Sachs Cuts Investment Banking Fees

Goldman Sachs announced a reduction in standard investment banking advisory fees on June 17, 2026, to win back market sh...

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American Express Reports Record Consumer Spend in Q2Business
Jun 17, 2026By Ali Raza Sheikh

American Express Reports Record Consumer Spend in Q2

American Express Co. reported record consumer spending volumes for Q2 2026 on June 17, driven by travel and entertainmen...

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Mastercard Launches Biometric Payment CardBusiness
Jun 17, 2026By Ali Raza Sheikh

Mastercard Launches Biometric Payment Card

Mastercard Inc. launched a new biometric payment card with fingerprint authentication on June 17, 2026. The feature aims...

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Visa Partners with Major Crypto Exchange for Card IntegrationBusiness
Jun 17, 2026By Ali Raza Sheikh

Visa Partners with Major Crypto Exchange for Card Integration

Visa Inc. announced a strategic partnership with a major crypto exchange on June 17, 2026, to integrate crypto debit car...

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McDonald's Tests AI Drive-Thrus in 500 LocationsBusiness
Jun 17, 2026By Ali Raza Sheikh

McDonald's Tests AI Drive-Thrus in 500 Locations

McDonald's Corp. is testing AI-powered voice ordering drive-thrus in 500 locations starting June 17, 2026. The goal is t...

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Starbucks Closes 150 Underperforming US StoresBusiness
Jun 17, 2026By Ali Raza Sheikh

Starbucks Closes 150 Underperforming US Stores

Starbucks Corp. announced the closure of 150 underperforming US stores on June 17, 2026. The chain is optimizing its foo...

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L'Oreal Acquires Clean Beauty Brand for $800 MillionBusiness
Jun 17, 2026By Ali Raza Sheikh

L'Oreal Acquires Clean Beauty Brand for $800 Million

L'Oreal SA announced the acquisition of a clean beauty brand for $800 million on June 17, 2026. The deal strengthens its...

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