Oracle began laying off employees Tuesday in what analysts believe could become one of the largest workforce reductions in the company's history, cuts that appear tied to the skyrocketing cost of building artificial intelligence infrastructure.
Spice and flavorings company McCormick announced on Tuesday that it's combining with Unilever's foods division, which includes brands like Hellmann's and Knorr.
President Trump vented frustration at the United Kingdom and France on Tuesday, saying the U.S. will no longer assist them because of their refusal to join military action against Iran.
Treasury Secretary Scott Bessent said Monday that the U.S. will ultimately retake control of the Strait of Hormuz bordering Iran and restore freedom of navigation, even as ship traffic through the critical waterway slowly rebuilds.
Iran's Kharg Island, home to a terminal through which the country exports most of its oil, has emerged as a focus of the month-old war launched by the United States and Israel.