Business

Italy’s top bank Intesa launches unsolicited $35 billion bid for Monte dei Paschi

Monday, June 8 by SRN News

By Valentina Za MILAN, June 8 (Reuters) - Italy's biggest banking group Intesa Sanpaolo on Monday announced a €30.6 billion ($35 billion) unsolicited cash-and-share bid to buy rival lender Monte dei Paschi di Siena (MPS), kicking off a fresh consolidation drive. Having secured a fifth of... Read More.

Apple expected to unveil new AI features at last developers conference with CEO Tim Cook

Monday, June 8 by SRN News

Apple is expected to unveil new artificial intelligence features at its annual developers conference beginning Monday, which will be the last one featuring CEO Tim Cook before he turns his post over to John Ternus in September. The World Wide Developers Conference, which attracts... Read More.

Private jet market defies Iran war gloom as rich flock to Monaco GP, Cannes

Monday, June 8 by SRN News

By Alessandro Parodi, Tassilo Hummel and Joanna Plucinska LONDON/PARIS/GDANSK, June 8 (Reuters) - As soaring jet fuel prices triggered by the Iran war send ripples across the global travel market, a wealthy elite of CEOs, celebrities and sports stars is flying by private jet in... Read More.

Morning Bid: Blistering AI rally turns ugly

Monday, June 8 by SRN News

A look at the day ahead in European and global markets from Rae Wee An ugly selloff in technology stocks swept across Asia on Monday as investors slammed the brakes on the red-hot AI rally, with a more than 8% fall in South Korea's KOSPI... Read More.

China exports set for strong May on front-loaded orders, chip demand: Reuters poll

Monday, June 8 by SRN News

BEIJING, June 8 (Reuters) - China's export growth likely strengthened in May, underpinned by a backlog of overseas orders brought forward to pre-empt energy price pressures tied to the Gulf war, alongside sustained global demand for semiconductors and AI-related components. Exports from the world's second-largest... Read More.

Goldman Sachs pushes Fed rate-cut call to 2027 on strong US jobs data

Monday, June 8 by SRN News

June 8 (Reuters) - Goldman Sachs expects the U.S. Federal Reserve to keep rates unchanged through 2026 and delay rate cuts until 2027, it said on Friday, citing stronger economic activity and job growth after a robust payrolls report. The brokerage now expects rate cuts... Read More.

China’s global e-commerce push stalls as Iran war lifts costs, dampens demand

Sunday, June 7 by SRN News

By Sophie Yu, Helen Reid and Alessandro Parodi BEIJING/LONDON, June 8 (Reuters) - China's e-commerce export engine is faltering as surging jet fuel costs and weak demand from lower-income consumers in the West linked to the Iran war threaten profits for big online platforms... Read More.

Asian shares drop after plunge in Big Tech stocks gives Wall St its worst day in months

Sunday, June 7 by SRN News

TOKYO (AP) - Asian shares skidded Monday after worries about Big Tech investments and rising odds for an interest rate hike gave U.S. stocks their worst day since October. Japan's benchmark Nikkei 225 dropped 4.2% to 63,804.77. The Japanese government revised the annualized economic... Read More.

The Latest: Israel launches airstrikes on central and western Iran after Iranian missiles fired

Sunday, June 7 by SRN News

Israel struck Iran on Monday after being targeted by missiles, while a U. S. military base in Saudi Arabia came under fire in the most serious exchange of hostilities since an April ceasefire, raising the possibility of a return to heavy fighting and complicating... Read More.

‘Scary Movie’ tops box office, slaying ‘Masters of the Universe’ and adding to low-budget streak

Sunday, June 7 by SRN News

NEW YORK (AP) - The summer box office is booming - but not because of the usual suspects. After three weeks of indie horror dominance at the box office, the slasher spoof "Scary Movie" topped ticket sales with $55 million over the weekend, according... Read More.

Current Weather

Italy’s top bank Intesa launches unsolicited $35 billion bid for Monte dei Paschi

Apple expected to unveil new AI features at last developers conference with CEO Tim Cook

Private jet market defies Iran war gloom as rich flock to Monaco GP, Cannes

Morning Bid: Blistering AI rally turns ugly

China exports set for strong May on front-loaded orders, chip demand: Reuters poll

Goldman Sachs pushes Fed rate-cut call to 2027 on strong US jobs data

China’s global e-commerce push stalls as Iran war lifts costs, dampens demand

Asian shares drop after plunge in Big Tech stocks gives Wall St its worst day in months

The Latest: Israel launches airstrikes on central and western Iran after Iranian missiles fired

‘Scary Movie’ tops box office, slaying ‘Masters of the Universe’ and adding to low-budget streak

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