Business

Average US long-term mortgage rate falls to 6.48%, retreating from its highest level in 9 months

Thursday, June 4 by SRN News

The average long-term U.S. mortgage rate eased this week from its highest level in nine months, welcome relief for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate fell to 6.48% from 6.53% last week, mortgage buyer Freddie Mac said Thursday. The average rate remains... Read More.

Singapore Airlines in talks on order for at least 50 big jets, sources say

Thursday, June 4 by SRN News

PARIS/HONG KONG, June 4 (Reuters) - Singapore Airlines is in discussions with Airbus and Boeing for the purchase of at least 50 of the industry's biggest jets as it plans the next phase of its growth from next decade, industry sources said. The Southeastern Asian... Read More.

Coca-Cola CFO flags uneven demand, warns of Middle East risks into 2027

Thursday, June 4 by SRN News

June 4 (Reuters) - Coca‑Cola is adjusting ways to keep its drinks both affordable and appealing as consumer demand remains uneven across income groups, CFO John Murphy said at an industry conference on Thursday. The beverages giant, which raised its annual profit target in April,... Read More.

Blackstone private credit fund caps withdrawals as redemption requests surge

Thursday, June 4 by SRN News

By Arasu Kannagi Basil and Isla Binnie NEW YORK, June 4 (Reuters) - Blackstone has capped withdrawals at its flagship private credit fund as redemption requests jumped in the second quarter, the world's largest alternative asset manager said on Thursday, following its peers. After... Read More.

Gas engine maker Innio set for Nasdaq debut after upsized $2.43 billion IPO

Thursday, June 4 by SRN News

June 4 (Reuters) - Innio is set to make its U.S. market debut later on Thursday after strong investor interest helped the gas engine manufacturer raise $2.43 billion in an upsized initial public offering. Investors are piling into companies underpinning the AI... Read More.

US will stick to tariff caps in deals with EU, Japan and others, US trade chief says

Thursday, June 4 by SRN News

By Leigh Thomas PARIS, June 4 (Reuters) - The United States will respect the tariff caps in trade deals struck with the European Union, Japan and others and planned new U.S. tariffs over forced labour provide the legal basis to do so, U.S. Trade Representative... Read More.

Jack Daniel’s maker Brown-Forman posts stronger sales, sees challenging demand ahead

Thursday, June 4 by SRN News

June 4 (Reuters) - Whiskey maker Brown-Forman on Thursday warned of strained consumer spending behavior for the year even as the Jack Daniel's maker reported better-than-expected quarterly sales on the back of steady demand for premium spirits. Shares of the Kentucky-based company rose 3% in... Read More.

US jobless aid filings, a proxy for layoffs, hit highest level since Iran war began in February

Thursday, June 4 by SRN News

WASHINGTON (AP) - The number of Americans filing for jobless aid hit their highest level in four months last week, but layoffs remain historically low despite ongoing economic uncertainty brought on by the war in Iran. U.S. applications for unemployment benefits for the week ending... Read More.

Paramount+ to stream UFC main cards in Canada from 2027

Thursday, June 4 by SRN News

June 4 (Reuters) - Paramount Skydance and the Ultimate Fighting Championship on Thursday announced a six-year deal, under which UFC's numbered event main cards in Canada will be streamed exclusively on Paramount+ starting next year. The deal is the latest step in Paramount's push to... Read More.

Supreme Court upholds broad reading of SEC authority to recoup ill-gotten gains in fraud cases

Thursday, June 4 by SRN News

WASHINGTON (AP) - The Supreme Court on Thursday upheld a broad reading of the authority of the Securities and Exchange Commission to recoup ill-gotten gains from people who engage in securities fraud. The justices ruled unanimously against Ongkaruck Sripetch, who was sentenced to 21 months... Read More.

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Current Weather

Average US long-term mortgage rate falls to 6.48%, retreating from its highest level in 9 months

Singapore Airlines in talks on order for at least 50 big jets, sources say

Coca-Cola CFO flags uneven demand, warns of Middle East risks into 2027

Blackstone private credit fund caps withdrawals as redemption requests surge

Gas engine maker Innio set for Nasdaq debut after upsized $2.43 billion IPO

US will stick to tariff caps in deals with EU, Japan and others, US trade chief says

Jack Daniel’s maker Brown-Forman posts stronger sales, sees challenging demand ahead

US jobless aid filings, a proxy for layoffs, hit highest level since Iran war began in February

Paramount+ to stream UFC main cards in Canada from 2027

Supreme Court upholds broad reading of SEC authority to recoup ill-gotten gains in fraud cases

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