economy

Trump Administration Appeals Ruling Against $100,000 H-1B Visa Fee

06/11/2026, 10:39 AM economy announcement

The Trump administration's appeal against a federal ruling that blocked a $100,000 fee on H-1B visa applications highlights ongoing tensions regarding immigration policy and its impact on the tech sector's workforce.

OpenAI to Acquire Ona to Enhance Codex AI Coding Assistant

06/11/2026, 10:39 AM economy announcement ai

OpenAI's acquisition of Ona is a strategic move to enhance its AI coding assistant, Codex, enabling it to handle more complex tasks and improve deployment capabilities for AI agents, which is crucial in a competitive market.

Avalanche Treasury Co. to Begin Trading on Nasdaq Under Ticker AVAT

06/11/2026, 09:33 AM economy announcement finance crypto

Avalanche Treasury Co. is launching on the Nasdaq under the ticker AVAT, marking a significant development in the crypto treasury sector as it aims to differentiate itself through active capital allocation strategies rather than merely holding cryptocurrency.

Jim Cramer Recommends Buying Honeywell (HON) Ahead of Planned Breakup into Aerospace and Automation Segments

06/11/2026, 09:33 AM economy recommendation industrials Honeywell

The CNBC Investing Club highlighted a positive market reaction driven by semiconductor stocks, while also discussing the anticipated impact of SpaceX's IPO and Honeywell's upcoming business split, which Jim Cramer views as a buying opportunity.

Oracle (ORCL) shares drop 11% amid $20 billion capital raise and cash flow concerns

06/11/2026, 09:33 AM economy stock_drop software ai Oracle

Oracle's shares fell 11% following the announcement of a $20 billion capital raise and negative free cash flow, raising concerns about the company's financial health amid significant investments in artificial intelligence.

Wholesale Prices Increased 1.1% in May, Driven by Energy Surge

06/11/2026, 07:31 AM economy forecast finance

Wholesale prices increased by 1.1% in May, surpassing expectations and signaling rising inflationary pressures, particularly driven by energy costs. This development is significant as it may influence the Federal Reserve's monetary policy decisions moving forward.

European Central Bank Raises Interest Rates for First Time Since 2023 Amid Rising Energy Costs Due to Iran War

06/11/2026, 07:31 AM economy announcement finance

The European Central Bank (ECB) raised its key interest rate by 25 basis points to 2.25% in response to inflationary pressures stemming from the ongoing Iran war, marking its first rate hike since 2023. This decision reflects the ECB's efforts to combat rising inflation while navigating a challenging economic outlook.

Bezos Discusses $12 Billion Fundraising for AI Startup Prometheus in Exclusive CNBC Interview

06/11/2026, 07:31 AM economy fundraising ai

Jeff Bezos has invested in his AI startup Prometheus during its Series B funding round, which has raised a total of $12 billion, indicating strong investor confidence and potential growth in the AI sector.

DoorDash Enhances User Experience with AI-Driven Ordering and Reservation Features

06/11/2026, 07:31 AM economy announcement software DoorDash

DoorDash is enhancing its customer experience by introducing an AI chatbot, Ask DoorDash, which allows users to order food and make reservations using photos and prompts. This move is part of a broader trend among gig economy companies to integrate AI technologies to remain competitive.

Iran Threatens to Target Elon Musk’s Companies, Including SpaceX’s Starlink, as Military Operations Escalate

06/11/2026, 07:31 AM economy announcement

Iran has declared that it will consider all of Elon Musk's companies in the Middle East, including SpaceX's Starlink, as military targets in retaliation against the U.S., highlighting escalating tensions in the region.