Business

China prepares $295 billion plan to fund nationwide AI buildout, Bloomberg News reports

Tuesday, June 9 by SRN News

June 9 (Reuters) - China is preparing to spend around 2 trillion yuan ($295.43 billion) over the next five years on building data centers across the country, Bloomberg News reported on Tuesday, as Beijing looks to challenge the U.S. in the intensifying AI race. National... Read More.

Analysis-Short-sellers to tread carefully as Musk’s SpaceX debuts

Tuesday, June 9 by SRN News

By Saqib Iqbal Ahmed NEW YORK, June 9 (Reuters) - Short sellers beware: Elon Musk's SpaceX IPO may be too hot to handle. On the face of it, the company is a natural target for short sellers - investors who sell borrowed shares to profit from... Read More.

Analysis-Fuel price shock to widen product gap between US airlines

Tuesday, June 9 by SRN News

By Rajesh Kumar Singh RIO DE JANEIRO, June 9 (Reuters) - The fuel shock hitting U.S. airlines is doing more than squeezing margins - it is widening a product gap that may take years to close, as stronger carriers keep investing in lounges, premium seating,... Read More.

Morning Bid: Buy the chip

Tuesday, June 9 by SRN News

By Mike Dolan June 9 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Relief rally, dip-buying or a dead cat bounce? However you want to characterize Wall Street's modest rebound on Monday, what is clear is that... Read More.

Wall St futures tick up as chips extend gains

Tuesday, June 9 by SRN News

June 9 (Reuters) - U.S. stock index futures climbed on Tuesday, as chip stocks extended gains for a second day, while easing hostilities in the Middle East also aided sentiment. Nasdaq futures led gains in early trading, with shares of chipmakers Nvidia, Broadcom and Micron... Read More.

The best places to park your short-term investments

Tuesday, June 9 by SRN News

As you consider your options for short-term investments, keep three key items in mind. 1. Yield: The accounts with the highest yields typically require you to maintain a minimum balance. "Teaser" rates may apply to the first few months but drop after that. Additionally,... Read More.

Apple failed to make its AI tool to comply to EU regulations, EU Commission says

Tuesday, June 9 by SRN News

BRUSSELS, June 9 (Reuters) - Apple decided not to roll out its new Siri AI tool in the European Union after it had unsuccessfully requested to be exempted of interoperability obligations for the tool, a spokesperson for the EU Commission said on Tuesday. "The decision... Read More.

BOJ to consider pausing bond taper next fiscal year, sources say

Tuesday, June 9 by SRN News

By Leika Kihara and Takahiko Wada TOKYO, June 9 (Reuters) - The Bank of Japan will consider maintaining the current pace of bond purchases beyond next fiscal year, sources said, pausing a taper process that would mark a turning point in its quantitative tightening (QT)... Read More.

Stellantis recalls over 1 million US vehicles over power steering defect, NHTSA says

Tuesday, June 9 by SRN News

June 9 (Reuters) - Chrysler-parent Stellantis is recalling 1,076,999 vehicles in the U.S. due to a defect in the power steering system that could increase the risk of fire, the U.S. National Highway Traffic Safety Administration said on Tuesday. The electric hydraulic power steering pump... Read More.

SpaceX IPO fever sparks hunt for proxy plays in Asia

Tuesday, June 9 by SRN News

By Gregor Stuart Hunter, Summer Zhen and Samuel Shen SINGAPORE, June 9 (Reuters) - SpaceX's $75 billion IPO is fuelling a frenzy among investors in Asia for ETFs and supply chain partners linked to Elon Musk's rocket company that are likely to benefit from the... Read More.

Current Weather

China prepares $295 billion plan to fund nationwide AI buildout, Bloomberg News reports

Analysis-Short-sellers to tread carefully as Musk’s SpaceX debuts

Analysis-Fuel price shock to widen product gap between US airlines

Morning Bid: Buy the chip

Wall St futures tick up as chips extend gains

The best places to park your short-term investments

Apple failed to make its AI tool to comply to EU regulations, EU Commission says

BOJ to consider pausing bond taper next fiscal year, sources say

Stellantis recalls over 1 million US vehicles over power steering defect, NHTSA says

SpaceX IPO fever sparks hunt for proxy plays in Asia

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