Business

Inflation likely reached 3-year high last month as Iran war spikes gas prices

Tuesday, June 9 by SRN News

WASHINGTON (AP) - Consumer prices probably jumped in May for the third straight month, heightening concerns for the inflation fighters at the Federal Reserve and underscoring the threat that rising costs pose for the Trump administration as midterm elections near. Inflation is expected to... Read More.

Law firms cheated in filing claims with NFL’s $1 billion concussion settlement fund, report says

Tuesday, June 9 by SRN News

The court officials overseeing the NFL's $1 billion settlement fund for concussion-related injuries have barred five law firms from handling any more claims from former players, after finding that they fraudulently steered clients toward doctors willing to give them a Parkinson's disease diagnosis whether... Read More.

Japan’s Asics to spin off Onitsuka Tiger business

Tuesday, June 9 by SRN News

By Mariko Katsumura TOKYO, June 10 (Reuters) - Japan's Asics Corp on Wednesday said it will spin off its high-end Onitsuka Tiger business, a key driver behind four straight years of record profit, in a bid to speed up decision-making and boost competitiveness. Asics shares were... Read More.

Starbucks mulls options for Japan business, including stake sale, Bloomberg reports

Tuesday, June 9 by SRN News

June 9 (Reuters) - Starbucks is weighing options for its Japanese business, including a stake sale, Bloomberg News reported on Tuesday. A stake sale might be valued at ¥400 billion ($2.5 billion) to ¥500 billion, possibly attracting interest from other industry players and private... Read More.

US Air Force confident in fix for Boeing KC-46 refueling tanker

Tuesday, June 9 by SRN News

By Dan Catchpole June 9 (Reuters) - The U.S. Air Force is confident a fix has been found for long-running troubles with a key system on Boeing's KC-46 aerial refueling tanker, Air Force Secretary Troy Meink told a Senate subcommittee on Tuesday. Boeing and the Air... Read More.

Japan’s largest banks to jointly issue stablecoins by March 2027

Tuesday, June 9 by SRN News

TOKYO, June 10 (Reuters) - Japan's three largest banks said on Wednesday they will jointly issue stablecoins during the current fiscal year ending in March 2027, a sign of growing momentum for digital payments in a country where cash and credit cards remain popular. The... Read More.

Asian stocks slide, oil gains as Middle East tensions escalate

Tuesday, June 9 by SRN News

By Ankur Banerjee SINGAPORE, June 10 (Reuters) - Asian stocks fell on Wednesday while oil prices surged as escalating tensions in the Middle East unsettled markets, dimming hopes for an end to the months-long war that has pushed commodities higher and stoked inflation worries. The United... Read More.

Sydney’s new international airport to welcome first passengers in October

Tuesday, June 9 by SRN News

By Renju Jose SYDNEY, June 10 (Reuters) - Sydney's new A$5.6 billion ($3.6 billion) airport will open to passengers in October after more than a decade of planning, adding red-eye flight options from Australia's largest city as the existing hub operates under night curfew restrictions. The... Read More.

SoftBank’s attempt to get $6 billion OpenAI margin loan stalls, Bloomberg News reports

Tuesday, June 9 by SRN News

June 10 (Reuters) - SoftBank Group's talks with potential creditors to raise at least $6 billion from a margin loan backed by its OpenAI stake have stalled, Bloomberg News reported on Wednesday, citing sources. The company is considering various fundraising options, the report said, adding... Read More.

Weak yen, hawkish Fed adds to pressure on BOJ to accelerate hikes

Tuesday, June 9 by SRN News

By Junko Fujita TOKYO, June 9 (Reuters) - Persistent weakness in the yen and an expected hawkish shift for the Federal Reserve after a hot jobs report in the U.S. are expected to add pressure on the Bank of Japan to accelerate interest-rate increases. The Fed... Read More.

Current Weather

Inflation likely reached 3-year high last month as Iran war spikes gas prices

Law firms cheated in filing claims with NFL’s $1 billion concussion settlement fund, report says

Japan’s Asics to spin off Onitsuka Tiger business

Starbucks mulls options for Japan business, including stake sale, Bloomberg reports

US Air Force confident in fix for Boeing KC-46 refueling tanker

Japan’s largest banks to jointly issue stablecoins by March 2027

Asian stocks slide, oil gains as Middle East tensions escalate

Sydney’s new international airport to welcome first passengers in October

SoftBank’s attempt to get $6 billion OpenAI margin loan stalls, Bloomberg News reports

Weak yen, hawkish Fed adds to pressure on BOJ to accelerate hikes

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