Business

SpaceX IPO bars investors from China and Hong Kong, Bloomberg News reports

Friday, June 5 by SRN News

June 5 (Reuters) - SpaceX's underwriters have barred investors in China and Hong Kong from participating in the company's planned initial public offering, Bloomberg News reported on Friday, citing people familiar with the matter. Lead banks managing the offering instructed members of the underwriting syndicate... Read More.

A fish fight off Florida tests Trump’s drive to deregulate America’s seas

Friday, June 5 by SRN News

ST. AUGUSTINE, Fla. (AP) - Miles from shore, Chris Kemp pumps and reels as he battles a fish 150 feet below. Eventually, it gives up, and the 10-pound red snapper is hauled aboard the Jodie Lynn II. There's barely time to rejoice. As Kemp... Read More.

Morning Bid: Missing the mark

Friday, June 5 by SRN News

By Anna Szymanski June 5 (Reuters) - Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers! Markets entered this week riding high as traders held out hopes for both an end... Read More.

Apollo bows out of $2 billion takeover pursuit of UK’s Bodycote

Friday, June 5 by SRN News

June 5 (Reuters) - Apollo Global Management and Britain's Bodycote have ended talks over a £1.52 billion ($2 billion) takeover proposal, the groups said on Friday, sending shares of the British thermal processing services group down as much as 12%. The U.S.-based alternative asset manager... Read More.

Take Five: Houston, we have an IPO

Friday, June 5 by SRN News

June 5 (Reuters) - The public listing of SpaceX will take centre stage as it looks likely to become one of the top 10 most valuable U.S. listed firms after it goes public, while a rate hike from the European Central Bank on Thursday... Read More.

Australia’s AirTrunk to invest $30 billion in India by 2030

Friday, June 5 by SRN News

SYDNEY, June 5 (Reuters) - Australia's AirTrunk said on Friday it would invest $30 billion in India within the next four years to build out 5 gigawatts of new data centre capacity in the South Asian nation. Sydney-headquartered AirTrunk, backed by Blackstone and Canadian Pension... Read More.

Yen pinned near intervention zone; dollar boosted by Gulf tensions

Friday, June 5 by SRN News

By Amanda Cooper LONDON, June 5 (Reuters) - The Japanese yen tested the 160-per-dollar barrier on Friday, drawing sharp official warnings, as the dollar held firm ahead of key U.S. employment data and Middle East tensions underpinned safe-haven demand. Peace talks between the U.S. and Iran... Read More.

JP Morgan upgrades Tesla to ‘neutral’, sees robotics driving long-term growth

Friday, June 5 by SRN News

By Rashika Singh June 5 (Reuters) - J.P. Morgan upgraded Elon Musk-led Tesla to "neutral" from "underweight" on Friday, citing that the electric-vehicle maker's valuation is increasingly driven by its push into autonomous driving and robotics rather than near-term earnings. The more optimistic view on Tesla... Read More.

Spirit Airlines shutdown forces thousands of US employees to reset careers

Friday, June 5 by SRN News

By Doyinsola Oladipo NEW YORK, June 5 (Reuters) - In April, Travis Arcamone was named flight attendant of the year at Spirit Airlines' Orlando, Florida, base. A month later, he was out of a job, after the company failed to find a way out of... Read More.

Lululemon slides as bleak forecasts deepen turnaround worries

Friday, June 5 by SRN News

June 5 (Reuters) - Lululemon Athletica shares dropped 12% in premarket trade on Friday after bleak quarterly and annual profit outlooks deepened concerns over the yoga apparel maker's turnaround amid slowing U.S. demand, competition and tariff costs. The stock is on track to lose more... Read More.

Current Weather

SpaceX IPO bars investors from China and Hong Kong, Bloomberg News reports

A fish fight off Florida tests Trump’s drive to deregulate America’s seas

Morning Bid: Missing the mark

Apollo bows out of $2 billion takeover pursuit of UK’s Bodycote

Take Five: Houston, we have an IPO

Australia’s AirTrunk to invest $30 billion in India by 2030

Yen pinned near intervention zone; dollar boosted by Gulf tensions

JP Morgan upgrades Tesla to ‘neutral’, sees robotics driving long-term growth

Spirit Airlines shutdown forces thousands of US employees to reset careers

Lululemon slides as bleak forecasts deepen turnaround worries

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