Business

Samsung Elec’s chip chief says he discussed next-generation foundry with Nvidia CEO

Monday, June 8 by SRN News

SEOUL, June 8 (Reuters) - Samsung Electronics' co-CEO and head of its chip division, Jun Young-hyun, said on Monday he discussed cooperation in next-generation foundry chips with Nvidia CEO Jensen Huang during a meeting in Seoul. Jun said Samsung and Nvidia are currently collaborating on... Read More.

Campbell’s sticks to annual targets as US consumer spending remains strained

Monday, June 8 by SRN News

June 8 (Reuters) - Packaged food maker Campbell's Co stuck to its annual outlook on Monday, months after trimming the forecast, as cautious U.S. consumer spending continued to weigh on demand. Consumer sentiment sank to record lows in recent months as rising gasoline prices linked... Read More.

Lilly shares jump as analysts see retatrutide data extending obesity market edge

Monday, June 8 by SRN News

June 8 (Reuters) - Eli Lilly shares jumped 4% premarket on Monday, driven by compelling new data for its next-generation obesity drug, retatrutide, with analysts and investors expecting it to extend the drugmaker's lead in the booming weight-loss market. Lilly presented full data from two... Read More.

S&P 500, Nasdaq futures climb as chip stocks stabilize

Monday, June 8 by SRN News

By Sruthi Shankar and Twesha Dikshit June 8 (Reuters) - S&P 500 and Nasdaq futures climbed on Monday, as chip stocks steadied after plunging to over two-week lows, though renewed strikes in the Middle East kept investors largely at bay. Shares of Nvidia, Broadcom and Micron... Read More.

Chip rout puts Korea’s ‘ant’ investors to the test as margin debt soars

Monday, June 8 by SRN News

(Corrects name of finance minister in paragraph 12 to Koo Yun-cheol, not Choi Sang-mok) By Cynthia Kim and Yena Park SEOUL, June 8 (Reuters) - Seoul resident Laura Byun has long preferred U.S. mutual funds over Korean shares, but the KOSPI's blistering rally changed that and... Read More.

U.S. election betting boom to test prediction markets’ insider trading controls

Monday, June 8 by SRN News

By Douglas Gillison WASHINGTON, June 8 (Reuters) - Prediction market watchdogs may struggle to police betting on the U.S. midterm elections, with thousands of races offering ever more ways for insiders to make a quick buck on a rising number of platforms, according to experts... Read More.

Tate & Lyle: From sugar barons in London’s East End to US takeover

Monday, June 8 by SRN News

June 8 (Reuters) - Tate & Lyle on Monday agreed to a £2.7 billion ($3.6 billion) takeover in cash from U.S.-based Ingredion, marking a new chapter for one of Britain's oldest industrial names and creating a global food and beverage ingredients major. Here is Tate... Read More.

Five ways Elon Musk’s SpaceX upended Wall Street’s IPO playbook

Monday, June 8 by SRN News

By Manya Saini June 8 (Reuters) - Elon Musk is bringing his pioneering business style to the IPO world this week when his rocket and satellite maker SpaceX goes public, in ways that no other company has. Here is how SpaceX is breaking Wall Street... Read More.

Gwynne Shotwell, the ‘glue’ executing Musk’s lofty SpaceX ambitions

Monday, June 8 by SRN News

By Akash Sriram and Echo Wang June 8 (Reuters) - When SpaceX goes public on Friday with what is expected to be a record-setting IPO, it will cap two decades of founder and CEO Elon Musk's ambition to transform rocketry, satellite communications and humanity's reach... 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.

Current Weather

Samsung Elec’s chip chief says he discussed next-generation foundry with Nvidia CEO

Campbell’s sticks to annual targets as US consumer spending remains strained

Lilly shares jump as analysts see retatrutide data extending obesity market edge

S&P 500, Nasdaq futures climb as chip stocks stabilize

Chip rout puts Korea’s ‘ant’ investors to the test as margin debt soars

U.S. election betting boom to test prediction markets’ insider trading controls

Tate & Lyle: From sugar barons in London’s East End to US takeover

Five ways Elon Musk’s SpaceX upended Wall Street’s IPO playbook

Gwynne Shotwell, the ‘glue’ executing Musk’s lofty SpaceX ambitions

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

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