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Business News

Location American Business News for 11 June 2026
Nigeria Senate Pushes Crypto Bill to Committee, Setting Up 4-Week Review Phase The Nigerian Senate has advanced a major cryptocurrency regulation bill through a second reading, moving the country closer to its first comprehensive legal framework for digital assets. Legislative Progress and Next Ste...
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California financier arrested for $100 million bank fraud

American Banker - 11 Jun 2026 22:31
California financier arrested for $100 million bank fraud Federal prosecutors arrested and charged Mahender Makhijani, 44, with orchestrating a $100 million bank fraud against Western Alliance Bancorp.
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The US has controversially added Alibaba, Baidu, and BYD to a list of Chinese military companies, sparking tensions and prompting the firms to challenge the designation.
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5 charts from Goldman Sachs show how AI mania stacks up against past market booms How does AI mania stack up against some of the great bubbles of the past? Goldman Sachs flagged five metrics to compares the booms.
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Social Security benefits and costs are perfectly reasonable - no case exists for massive cuts It might be nice to reduce the large share of benefits going to high earners who retire later and live long lives.
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The big question: Why is the European Central Bank hiking rates when the Fed is not? The European Central Bank, in hiking interest rates on Thursday for the first time since 2023, is making a choice the Federal Reserve is not: to increase rates into a supply shock.
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World Bank Warns Iran War Is Slowing Global Growth

The New York Times - 11 Jun 2026 13:30
World Bank Warns Iran War Is Slowing Global Growth The world economy is weakening as energy prices fuel a new bout of inflation.
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Oracle stock is tumbling on cloud miss and costly data center plans: What it means for the AI bubble debate The software giant beat Wall Streets estimates on revenue, but investors appear to be concerned about its plans to raise $40 billion. Oracle Corporation reported increased revenue of 21% year-over-year (YOY) for its fisc...
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ASK Group Taps Eric Schimdt-Backed Keeta to Tokenize Oil, Gold and Copper The UAE-based investment group ASK Group and U.S. blockchain company Keeta have partnered to launch a public exchange where physical assets will be traded as fractional digital tokens. Gulf Commodities to Go Digital A Un...
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Tesla-SpaceX Merger? Big Short Investor Steve Eisman Says He Wouldnt Doubt It Big Short investor Steve Eisman said he would not be surprised by a Tesla-SpaceX deal, fueling speculation about Elon Musks next major move. The comments come as SpaceX IPO demand reportedly tops $250 billion. SpaceX IPO...
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XRPL and RLUSD Take Center Stage as Ripple Joins Mastercards AI Payments Push Ripple is participating in Mastercards Agent Pay for Machines effort, placing XRPL and RLUSD in a wider push to support AI-driven payments. Mastercard is working with more than 30 partners as autonomous transactions rais...
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Greg Abbott wants data centers to stop passing the bill to Texans Gov. Greg Abbott proposed new regulations for Texas data centers, citing concerns about energy consumption and costs for local residents.
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Social Security insolvency is entirely solvable, says commissioner under Biden The solution is simple - but it wont be easy.
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Goldman Sachs rethinks what's next for cybersecurity stocks Here's what could happen to PANW shares next
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Cast iron cookware is long-lasting and versatile - starting at $24 Although cast iron cookware gets a bad rap for being hard to maintain, it's surprisingly easy to use while being long-lasting, saving you money in the long run.
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Target's dreamy 7-piece floral farmhouse comforter set is 66% off The Regency Heights 7-Piece Zennia Farmhouse Comforter Set is 66% off at Target. The soft and cuddly bedding has a floral design that will elevate the bedroom.
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BIGBANG Announces Stadium World Tour: Venues, Dates And More Details BIGBANG are back baby - and they are going big. Their tour ends a nine-year absence from the global stage and arrives on the group's 20th anniversary year.
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Cherie DeVaux In The Spotlight After Kentucky Derby And Belmont Wins After becoming the first female trainer to win the Kentucky Derby, Cherie Devaux followed with a win in the Belmont Stakes and is now in the sports spotlight.
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Blackrock Files Final Pre-Launch Form for Bitcoin Covered-Call ETF, Analyst Gives 1-Week Window Bloomberg Intelligence senior exchange-traded fund (ETF) analyst Eric Balchunas said on Thursday that Blackrocks Ishares Bitcoin Premium Income ETF could be live on Nasdaq within a week after the firm filed a Form 8-A wi...
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Cathie Wood dumps $12.7M of tumbling, next-gen travel stock ARK Invest sold $12.7M in Archer Aviation shares on June 8, rotating into DoorDash and Pony AI as eVTOL hype gives way to hard execution questions.
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Agave plants grow wild in India and new distillers are using them to create a spirits industry.
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Where to watch South Korea vs. Czechia live stream free from anywhere Want to watch South Korea vs. Czechia online. We'll break down multiple options around the world for the second match of the tournament.
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