United States chip crunch boosts Micron shares

 

United States – Apple CEO Tim Cook has confirmed that the global technology supply chain is experiencing severe shortages of critical memory and storage chips as demand for components used in artificial intelligence applications accelerates. The announcement validates warnings from chipmakers that high-bandwidth memory has become scarce, shifting the balance...

United States accounting quirk boosts S&P 500 earnings

 

United States – Recent research from the University of Florida finds that a significant portion of the S&P 500’s reported 30% profit growth in the latest quarter comes from accounting treatment of “other income” rather than from core business operations. The study shows that nearly half of the earnings increase...

United States: SpaceX to buy Cursor for $60 billion

 

United States-based Space Exploration Technologies (SpaceX) has entered a definitive agreement to acquire Anysphere, the software company behind the AI coding agent Cursor, in an all-stock deal valued at US$60 billion. Announced after SpaceX’s record-breaking initial public offering on the Nasdaq exchange on June 12, the transaction will compensate Anysphere...

United States: Accenture shares plunge after revenue warning

 

United States-based Accenture saw its shares plunge 18% after the global IT consulting firm cut the top end of its revenue outlook for the upcoming fiscal period, prompting a sharp, immediate sell-off. The company’s revised guidance led investors to reassess its growth prospects in a cooling business environment, where corporations...

Copenhagen drugmaker hit by massive cyber extortion

 

Novo Nordisk A/S, the Copenhagen-based pharmaceutical company, is responding to a significant cybersecurity incident after a criminal group claimed to have stolen 1.3 terabytes of internal data and demanded a $25 million ransom. The company disclosed the breach on June 11, 2026, stating that unauthorized access occurred on a limited...

United States consultancy Accenture slides after $4.18bn cyber deal

 

Accenture shares dropped more than 11 percent in pre-market trading on Thursday, June 18, 2026, after the U.S.-listed consultancy announced a $4.18 billion push into industrial cybersecurity alongside a weaker revenue outlook. The company said it will acquire majority stakes and full ownership in Dragos, runZero and NetRise, which together...

San Jose investors sue Adobe over AI copyright disclosures

 

SAN JOSE, California – Investors in Adobe Inc. have filed a shareholder derivative lawsuit in the U.S. District Court for the Northern District of California, accusing the company’s top officers and directors of misleading statements about its generative artificial intelligence strategy and the risks behind it. The complaint, filed on...

United States firms report Apple-Intel chip partnership

 

On June 18, 2026, reports indicated that Apple and Intel are working on a strategic partnership to expand semiconductor manufacturing in the United States. The potential arrangement would pair Apple’s chip design expertise with Intel’s U.S.-based foundry services to reinforce domestic production capacity and reduce dependence on overseas fabrication. The...

AEG and WSG Complete Acquisition of Allbirds IP

 

New York. American Exchange Group and WSG Brands completed acquisition of Allbirds' intellectual property assets in mid‑June 2026, finalizing a deal AEG first announced in March. AEG will manage design and manufacturing while WSG takes brand-management and licensing responsibilities, forming a co-ownership structure that follows Allbirds' March definitive agreement and...

Nigeria Customs, American Business Council deepen trade ties

 

Abuja — On Tuesday, June 16, 2026, the Nigeria Customs Service and the American Business Council met at Customs Headquarters to agree to deepen trade ties and tackle operational bottlenecks affecting bilateral commerce. Comptroller-General Adewale Adeniyi led the NCS delegation and announced plans to make stakeholder consultations a permanent feature...