Business

Wall St opens lower on tech losses, Middle East tensions

Wednesday, June 10 by SRN News

June 10 (Reuters) - Wall Street's main indexes opened lower on Wednesday, as a selloff in technology stocks continued and renewed tensions between the U.S. and Iran overshadowed a tame May inflation reading. The Dow Jones Industrial Average fell 112.0 points, or 0.22%, to 50,760.12.... Read More.

Instant View: CPI rises at fastest rate in three years but meets market expectations

Wednesday, June 10 by SRN News

NEW YORK, June 10 (Reuters) - U.S. consumer inflation increased at its fastest pace in three years in May as the Middle East conflict raised the price of gasoline and other energy products, giving more ammunition for the Federal Reserve to keep interest rates... Read More.

Honda recalls more than 880,000 cars due to a problem with rear suspension components

Wednesday, June 10 by SRN News

Honda is recalling more than 800,000 vehicles because rear suspension components may fail and cause drivers to lose control, increasing the chances of a crash or injury. American Honda Motor Co. said the recall covers certain 2016-2022 Honda Pilot, 2017-2023 Ridgeline, 2019-2023 Passport and 2014-2020... Read More.

Franklin Templeton to participate in SpaceX IPO, CEO Johnson tells CNBC

Wednesday, June 10 by SRN News

June 10 (Reuters) - Fund manager Franklin Resources, better known as Franklin Templeton, will participate in rocket maker SpaceX's blockbuster initial public offering this week, CEO Jenny Johnson told CNBC on Wednesday. Speaking on a CNBC interview, Johnson said clients were calling up the asset... Read More.

Wall St futures pare declines after May inflation data

Wednesday, June 10 by SRN News

June 10 (Reuters) - U.S. stock index futures trimmed losses on Wednesday after May inflation data tempered some bets of further Federal Reserve's policy tightening. A Labor Department report showed the Consumer Price Index rose 4.2% on a yearly basis in May, in-line with estimates. At... Read More.

Factbox-Airlines resume some Middle East flights but disruption continues

Wednesday, June 10 by SRN News

June 10 (Reuters) - Airlines are gradually restoring some flights to the Middle East as regional carriers rebuild schedules after war-related disruption, though the conflict continues to disrupt wider traffic flows. Middle Eastern airlines have added capacity after severe disruption linked to the Iran war,... Read More.

Bosch on track to meet 2026 targets but wary of Middle East risks, CEO says

Wednesday, June 10 by SRN News

BERLIN, June 10 (Reuters) - The world's top automotive supplier, Robert Bosch GmbH, is on track to meet its financial targets this year despite new challenges emerging, including possible supply chain shocks resulting from the Middle East conflict, CEO Stefan Hartung told Reuters on... Read More.

Traders keep bets on Fed rate hike by October

Wednesday, June 10 by SRN News

June 10 (Reuters) - Traders of short-term U.S. interest rates edged away from bets that the Federal Reserve rate will deliver a rate hike as soon as September, but continued to show strong conviction of a rate hike by October, after a government report... Read More.

Paramount, Warner Bros deal under EU subsidy scrutiny, decision due July 14

Wednesday, June 10 by SRN News

By Foo Yun Chee BRUSSELS, June 10 (Reuters) - Paramount Skydance Corp's $110 billion takeover of Warner Bros Discovery, backed by Gulf sovereign wealth funds, is under European Union subsidy scrutiny, according to a European Commission filing. The U.S. entertainment giant sought EU approval under its... Read More.

Edmunds’ five best used performance cars for less than $25,000

Wednesday, June 10 by SRN News

If you like the idea of owning a fun-to-drive car but can't afford a new one, this summer is an ideal time to consider buying used. Right now, quite a few performance cars that might have been out of reach for you when new... Read More.

Current Weather

Wall St opens lower on tech losses, Middle East tensions

Instant View: CPI rises at fastest rate in three years but meets market expectations

Honda recalls more than 880,000 cars due to a problem with rear suspension components

Franklin Templeton to participate in SpaceX IPO, CEO Johnson tells CNBC

Wall St futures pare declines after May inflation data

Factbox-Airlines resume some Middle East flights but disruption continues

Bosch on track to meet 2026 targets but wary of Middle East risks, CEO says

Traders keep bets on Fed rate hike by October

Paramount, Warner Bros deal under EU subsidy scrutiny, decision due July 14

Edmunds’ five best used performance cars for less than $25,000

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