Business & Markets — June 26, 2026

NYC freezes rents on one million apartments. New York City's Rent Guidelines Board voted 7-1 to freeze regulated rents for up to two years, fulfilling a central campaign promise of Mayor Zohran Mamdani weeks into his term.

Reuters · Read more →

ON Semiconductor acquires Synaptics for $7 billion. The deal expands ON Semi's total addressable market by $30 billion. The chipmaker is positioning itself for physical AI applications in robotics and edge computing.

CNBC Top News · Read more →

John Bolton to plead guilty to mishandling classified documents. The former national security adviser will enter a guilty plea in federal court in Maryland under a plea deal, prosecutors said Friday.

Washington Examiner · Read more →

Elon Musk ordered to give deposition in vote-buying case. A federal judge ordered Musk to testify under oath in two lawsuits accusing him of defrauding swing-state voters through America PAC before the 2024 election.

The Hill · Read more →