Business

New York Fed survey finds stable inflation expectations in May

Monday, June 8 by SRN News

By Michael S. Derby June 8 (Reuters) - The U.S. public's inflation outlook was little changed in May despite the strong upward pressure on prices resulting from the war in the Middle East, a survey released by the New York Federal Reserve showed on Monday. Inflation... Read More.

Analysis-Soaring fertilizer prices dim Brazilian farmers’ edge over US rivals

Monday, June 8 by SRN News

By Ed White, May Angel and Oliver Griffin WINNIPEG, Manitoba/LONDON/SAO PAULO (Reuters) June 8 - Brazil's cheap, abundant land has long helped the country's farmers create vast, low-cost farms, allowing them to wrest export markets from U.S. farmers hurt when China began switching suppliers during... Read More.

US airlines fuel costs soared in April to $6.5 billion

Monday, June 8 by SRN News

WASHINGTON, June 8 (Reuters) - U.S. passenger airlines' fuel costs jumped 78% in April to nearly $6.5 billion over the same month last year as the conflict in the Middle East has sharply driven up fuel costs, the U.S. Transportation Department said Monday. Airlines' fuel... Read More.

Two more Texas screwworm infections found in animals far apart, USDA says

Monday, June 8 by SRN News

KERRVILLE, Texas (AP) - Two more cases of the New World screwworm have been confirmed in Texas, demonstrating the difficulty of stopping the spread of a pest that could potentially devastate the nation's cattle industry, the U.S. Department of Agriculture announced Monday. The screwworm is... Read More.

Japanese investors make biggest foreign stock exit in five years in May

Monday, June 8 by SRN News

June 8 (Reuters) - Japanese investors sold foreign stocks at the fastest pace in about five years in May, as caution over Middle East hostilities and concerns that a tech-driven market rally had run too far weighed on sentiment. They sold foreign stocks of a... Read More.

LATAM Brasil trims capacity plans on fuel costs, cuts seen into third quarter

Monday, June 8 by SRN News

By Luciana Magalhaes and Gabriel Araujo RIO DE JANEIRO, June 8 (Reuters) - LATAM Airlines' Brazilian unit is expected to trim capacity by about 3% in July compared with its initial plans for the period due to rising fuel costs, CEO Jerome Cadier told Reuters... Read More.

J&J to buy cancer drug technology developer Firefly Bio for $1 billion

Monday, June 8 by SRN News

June 8 (Reuters) - Johnson & Johnson said on Monday it will acquire biotech Firefly Bio for $1 billion in cash, as it looks to expand its cancer drug pipeline. Firefly's Firelink platform uses antibodies to deliver a protein-degrading drug directly into cancer cells, an... Read More.

BUSINESS HEADLINE

Monday, June 8 by SRN News

From unfilled gas tanks to fewer frills, retailers see US consumers rethink their spending NEW YORK (AP) - U.S. consumers haven't stopped spending since the Iran war drove up fuel prices. But company executives and retail analysts say many shoppers are reassessing what they buy... Read More.

Cerebras shares climb as Wall Street brokerages back AI chip strategy

Monday, June 8 by SRN News

June 8 (Reuters) - Cerebras shares gained on Monday as multiple Wall Street firms initiated coverage with bullish calls after the quiet period, backing the chip designer's unconventional AI strategy more than three weeks after its strong debut. Shares of the company rose 5.5% in... Read More.

Honeywell reaffirms annual forecast ahead of aerospace spinoff

Monday, June 8 by SRN News

June 8 (Reuters) - Honeywell on Monday reaffirmed its annual adjusted profit forecast weeks ahead of the spinoff of its aerospace business. The company forecasts its full-year 2026 adjusted profit to range between $10.35 and $10.65 per share. Last year, Honeywell announced a three-way split of... Read More.

Current Weather

New York Fed survey finds stable inflation expectations in May

Analysis-Soaring fertilizer prices dim Brazilian farmers’ edge over US rivals

US airlines fuel costs soared in April to $6.5 billion

Two more Texas screwworm infections found in animals far apart, USDA says

Japanese investors make biggest foreign stock exit in five years in May

LATAM Brasil trims capacity plans on fuel costs, cuts seen into third quarter

J&J to buy cancer drug technology developer Firefly Bio for $1 billion

BUSINESS HEADLINE

Cerebras shares climb as Wall Street brokerages back AI chip strategy

Honeywell reaffirms annual forecast ahead of aerospace spinoff

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