United States · Business
Same event, multiple sources, transparently cited.
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UAE completes nearly half of pipeline to bypass Strait of Hormuz amid Iran blockade
The UAE has finished nearly 50% of a new pipeline bypassing the Strait of Hormuz to secure oil exports amid Iran’s blockade.
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Jeff Bezos defends Amazon’s $40 million Melania Trump documentary purchase as a business move
Jeff Bezos defended Amazon’s $40 million purchase of a Melania Trump documentary as a sound business decision despite criticism and financial losses.
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Jeff Bezos downplays AI bubble fears, highlights tech job growth and productivity gains
Jeff Bezos dismissed AI bubble worries and emphasized rising tech roles and productivity in a May 20 CNBC interview.
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Target reports 6.7% net sales growth in Q1 2026, driven by product and experience updates
Target announced $25.443 billion in net sales for Q1 2026, up 6.7% year-over-year, led by stronger product offerings and improved customer experience.
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Rivian lays off hundreds shortly after launching R2 SUV
Rivian announced layoffs impacting less than 2% of staff mostly in customer and service teams after R2 SUV deliveries began.
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Robinhood to cut 10% of workforce amid corporate restructuring
Robinhood announced layoffs of about 290 employees, 10% of its staff, as it shifts to a leaner organizational structure.
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Federal Reserve holds rates steady at 3.5%-3.75% in Kevin Warsh's first meeting amid US-Iran peace optimism
The Federal Reserve paused interest rates at 3.5%-3.75% on June 17 in its first meeting chaired by Kevin Warsh, while US-Iran peace hopes eased market tensions.
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GM and Lockheed Martin Partner to Boost U.S. Defense Manufacturing Capacity
General Motors and Lockheed Martin announced a partnership to expand weapons production through improved manufacturing and supply chains.
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European Parliament approves EU-US tariff deal ahead of July 4 deadline
The European Parliament approved the EU-US tariff deal on June 16, setting stage for final member state approval by late June.
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US Strategic Petroleum Reserve Drops to Lowest Since 1983 Amid Large Oil Releases
The US Strategic Petroleum Reserve fell to about 340.3 million barrels by mid-June 2026, its lowest level since 1983, after major planned releases.
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US Gasoline Prices Dip Below $4 a Gallon for First Time Since April Amid US-Iran Deal
US average retail gasoline prices fell below $4 a gallon on June 14 amid optimism over a US-Iran peace agreement reopening the Strait of Hormuz.
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Salesforce to buy AI customer service firm Fin for $3.6 billion
Salesforce signed a deal to acquire AI customer service platform Fin for $3.6 billion, expanding its autonomous AI agent offerings.
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Fox Corporation to acquire Roku for $22 billion in streaming deal
Fox Corporation announced it will buy Roku in a $22 billion cash-and-stock deal valued at $160 per share.
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US Economy Grows Steadily at 2% Despite Global Shocks and Rising Inflation
The US economy expanded at an annualized 2% rate in May 2026, with strong job gains and capital investment despite trade tensions and global conflicts.
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SpaceX raises $75 billion in largest IPO, Elon Musk forecasts $1 trillion revenue by 2030
SpaceX conducted the largest IPO in history on June 12, raising $75 billion and Elon Musk projected $1 trillion revenue by 2030.
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High Power Costs in Nagpur Limit Cooling Use During Extreme Summer Heat
Residents in Nagpur struggle to afford electricity amid soaring power costs despite grid upgrades ahead of peak summer heat.
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SoftBank’s $60 Billion Bet on OpenAI Spurs Internal and Market Worries
SoftBank has invested more than $60 billion in OpenAI since last year but faces internal and market concerns over its concentrated AI wager.
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Woodside CEO warns Iran war’s impact on LNG supply will last longer than expected
Woodside CEO Liz Westcott said markets underestimate how long the Iran war will affect global LNG supply.
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Itochu subsidiary to take over AirLife’s Japan sales and logistics operations
Itochu’s Century Medical will manage sales, delivery, and inventory of SunMed products in Japan from early July 2026.
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Morgan Stanley Japan CEO says BoJ rate hike key to yen strengthening to 140 vs dollar
Alberto Tamura, CEO of Morgan Stanley Japan, says a Bank of Japan rate hike in June is essential for yen strength against the dollar.
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25 states sue Trump administration over federal student loan caps, citing nursing shortage
A coalition of 25 states and DC sued the Trump administration over new federal student loan borrowing limits, arguing they worsen healthcare shortages.
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Fund Managers Raise Alarm Over AI Data Center Borrowing as Top Credit Risk
A Bank of America survey finds 34% of global fund managers now see AI hyperscaler spending as leading systemic credit threat.
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Minnesota bans prediction markets, CFTC files suit to block enforcement
Minnesota passed a law banning prediction markets, and the CFTC sued to stop its enforcement.
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New York hotel workers union and hotel association agree on eight-year contract to avoid strike
New York hotel workers union and hotel association reached an eight-year labor deal covering up to 27,000 workers before the 2026 FIFA World Cup.