Business & Markets — June 24, 2026

Alphabet joins the Dow, replacing Verizon. S&P Dow Jones Indices will add Alphabet Inc. to the Dow Jones Industrial Average in place of Verizon. The move continues the index's tilt toward mega-cap tech.

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Congress passes bipartisan housing affordability bill. The House gave final passage to the Road to Housing Act, which restricts private equity home purchases and expands supply incentives to address the US affordable housing shortage.

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Millions of Americans lose SNAP benefits under Trump cuts. Trump administration cuts to the food stamp program have stripped benefits from millions of low-income Americans. Arizona is the hardest-hit state, and food banks are reporting rising strain.

Reuters · Read more →

SK Hynix plans $29.4 billion Nasdaq ADR listing. South Korea's SK Hynix, the AI memory chip maker that recently surpassed Samsung in market value, plans to raise $29.4 billion via American Depositary Receipts on the Nasdaq.

Reuters · Read more →