Business

Washington Post — Business Jun 11

Lawmakers propose increasing excise tax on stock buybacks

U.S. lawmakers are considering a proposal to increase the excise tax on stock buybacks from 1 percent to 4 percent. This move is intended to address the financial practices of companies that buy back their own stocks.

Bias: 30 Sentiment: +0.00

Washington Post — Business Jun 11

New Fed Chair Kevin Warsh to Hold First Policy Meeting Amid High Inflation

Kevin Warsh will conduct his inaugural policy meeting as the chair of the Federal Reserve next week, with inflation currently at a three-year high. President Trump has indicated a preference for lower interest rates.

Bias: 36 Sentiment: +0.00

The Verge Jun 11

Ryanair Under Investigation for Charging Parents to Sit with Children

Ryanair is being investigated by the UK's Competition and Markets Authority for charging parents mandatory fees to sit with their children during flights. The investigation will assess whether these fees are unfair under consumer law.

Bias: 16 Sentiment: +0.00

New York Times — Business Jun 11

Oil Prices Rise Amid U.S.-Iran Tensions

Oil prices have risen as tensions escalate between the United States and Iran, marked by a second day of exchanges of fire. This situation has led to concerns about the possibility of renewed conflict.

Bias: 42 Sentiment: -0.20

Al Jazeera English Jun 11

Gold Becomes Largest Global Reserve Asset, Surpassing US Treasuries

As of June 11, 2026, gold has become the largest reserve asset globally, making up 27% of total reserve holdings. This shift marks a significant change in the composition of global reserves, previously dominated by US Treasuries.

Bias: 30 Sentiment: +0.00

cnn.com Jun 11

US Inflation Reaches 4.2% in May, Driven by Energy Costs

US inflation reached 4.2% in May, the highest in three years, largely driven by rising energy costs linked to geopolitical tensions. Monthly inflation increased by 0.5%, with energy prices accounting for 60% of this rise. Core inflation, excluding food and energy, rose by 0.2%, indicating ongoing affordability concerns for consumers.

Bias: 45 Sentiment: -0.10

Daily Wire Jun 11

FBI Arrests Man Accused of Defrauding Federal Food Program

The FBI has arrested Said Abdullahi Ereg, accused of defrauding a federal food program for children out of $4 million. Ereg allegedly misused funds intended for meals, claiming to serve millions while only providing a fraction. He faces multiple charges, and his case will be heard in federal court in Minnesota.

Bias: 65 Sentiment: -0.10

New York Times — Business Jun 11

European Central Bank Expected to Raise Inflation Forecast

The European Central Bank is likely to increase its inflation forecast in light of rising prices linked to the ongoing war. This move indicates the bank's adaptation to changing economic circumstances in Europe.

Bias: 33 Sentiment: +0.00

BBC — Business Jun 11

UK Competition Regulator Investigates Ryanair for Child Seating Charges

The UK's competition regulator is investigating Ryanair for imposing charges on parents who wish to sit next to their children during flights. The inquiry will evaluate the legality of these fees under competition regulations.

Bias: 5 Sentiment: +0.00

BBC — Business Jun 11

Korea imposes $400 million fine on e-commerce company for data breach

Korea has issued a $400 million fine to an e-commerce giant due to a data breach that compromised the private information of around 37.5 million users. This penalty marks a significant regulatory action in response to the incident.

Bias: 5 Sentiment: +0.00

Al Jazeera English Jun 11

South Korea fines Coupang $408 million for data breach

Coupang has been fined $408 million by South Korea's data protection authority due to inadequate safety measures and a delay in reporting a major data breach. This incident is recognized as the largest data leak in South Korea's history.

Bias: 36 Sentiment: -1.00

independent.co.uk Jun 11

Knicks Fans Burn Sage Outside Madison Square Garden Ahead of Game 4

Knicks fans burned sage outside Madison Square Garden before Game 4 of the NBA Finals, citing concerns over 'bad energy' after a loss linked to President Trump's attendance. The event was marred by violence at a watch party, leading to injuries and arrests. Despite these incidents, many fans are celebrating the team's success and the excitement surrounding the finals.

Bias: 65 Sentiment: +0.20

Washington Examiner Jun 11

Prosecutors Will Not Pursue Death Penalty in Minnesota Assassination Case

U.S. prosecutors have decided not to seek the death penalty for Vance Luther Boelter, charged with the assassination of former Minnesota House Speaker Melissa Hortman and the attempted murders of state Senator John Hoffman and his wife. This decision is part of a plea agreement ahead of a court hearing. The shootings, described as politically motivated, occurred on June 14, 2025.

Bias: 42 Sentiment: -0.50

nbcnews.com Jun 11

Trump Comments on Inflation Amid Rising Economic Concerns

President Trump commented on rising inflation, stating he is optimistic about future decreases linked to the resolution of the Iran war. His remarks drew criticism from Democratic leaders who argued he is out of touch with economic concerns. Recent data shows inflation has risen to 4.2%, outpacing wage growth and contributing to declining real earnings.

Bias: 65 Sentiment: -0.20

New York Post Jun 11

Ron Berkowitz files lawsuit against restaurants for unpaid fees

Ron Berkowitz, a public relations expert, is suing a group of three restaurants for close to $250,000 in unpaid fees. The lawsuit involves notable chefs Masaharu Morimoto and Robbie Felice.

Bias: 62 Sentiment: +0.00

Washington Examiner Jun 11

Rep. Don Bacon Reports Signal App Hacking by Russian Operatives

Rep. Don Bacon (R-NE) reported that Russian operatives hacked his Signal app account, and federal investigators are looking into the breach. He does not believe any classified information was compromised and has expressed concerns about ongoing foreign hacking attempts targeting U.S. officials.

Bias: 4 Sentiment: +0.00

Fox News — Latest Jun 11

Ohio Legislature Approves $875 Million Payment for Nursing Homes Following Court Ruling

The Ohio legislature has approved an $875 million payment package to nursing homes following a ruling by the Ohio Supreme Court that the state miscalculated Medicaid reimbursements. The funding aims to address underpayments resulting from the incorrect formula used in previous budget cycles.

Bias: 39 Sentiment: +0.00

New York Times — Business Jun 11

Oil Prices Increase Amid U.S.-Iran Tensions

Oil prices have risen as tensions between the United States and Iran escalate, marked by a second day of exchanges of fire. This situation has led to concerns about the possibility of renewed conflict.

Bias: 65 Sentiment: -0.20

Fox News — Latest Jun 11

Cody Campbell discusses potential lawsuits against CFB Playoff regarding Texas Tech

Cody Campbell, a Texas Tech booster, has warned against potential lawsuits if other conferences, including the Big Ten, avoid scheduling games with Texas Tech following the reinstatement of quarterback Brendan Sorsby. Campbell argues that such actions could constitute collusion and an antitrust violation, and he believes Sorsby's betting on games does not justify extreme measures from rival schools.

Bias: 65 Sentiment: +0.00

Al Jazeera English Jun 11

Maasai Women Engage in Fodder Farming Amid Drought in Tanzania

Maasai women in Tanzania are responding to the impacts of drought by farming drought-resistant grass for animal feed. This approach provides both sustenance for livestock and a source of income.

Bias: 30 Sentiment: +0.50