Business

When IPOs go wrong: SpaceX, AI firms face a delicate process

Wednesday, June 3 by SRN News

By Greg Bensinger SAN FRANCISCO, June 3 (Reuters) - Beware the ghosts of IPOs past. SpaceX and Anthropic are preparing for what may be the biggest public-market launches in U.S. history, with OpenAI rumored to be close behind. That will put the companies' chiefs in the... Read More.

Ukrainian drones set fire to a St. Petersburg oil terminal ahead of Putin visit

Wednesday, June 3 by SRN News

Ukrainian long-range drones struck an oil terminal in St. Petersburg and set it ablaze, Ukrainian President Volodymyr Zelenskyy said Wednesday, as the Russian city hosted an annual international economic forum promoted by President Vladimir Putin. The drones flew more than 1,000 kilometers (600 miles)... Read More.

Zara owner Inditex defies consumer gloom with strong early summer sales

Wednesday, June 3 by SRN News

By Helen Reid June 3 (Reuters) - Zara owner Inditex reported a strong start to summer trading on Wednesday as currency-adjusted sales grew 11.5% in May, handily beating analyst expectations, even as Iran war inflation worries dent consumer confidence. The strong sales growth should help reassure... Read More.

Investigators search Indonesian free meals agency after its leader was fired

Wednesday, June 3 by SRN News

JAKARTA, Indonesia (AP) - Indonesian investigators searched the National Nutrition Agency's offices Wednesday a day after the president fired the head of the agency responsible for his troubled free meals program. It wasn't clear whether the search by agents of the Attorney General's Office was... Read More.

U.S. targets India with forced labour tariff amid talks on trade pact

Wednesday, June 3 by SRN News

By Manoj Kumar NEW DELHI, June 3 (Reuters) - The United States has proposed an additional tariff of 12.5% on imports from India, saying it is among 60 economies that failed to curb imports made with forced labour, a step that threatens to complicate two-way... Read More.

Morning Bid: Marvell, a fitting name for the latest AI darling

Wednesday, June 3 by SRN News

A look at the day ahead in European and global markets from Tom Westbrook Notwithstanding fresh hostilities in the Middle East, AI shares drove equity markets in Asia to new records on Wednesday. [MKTS/GLOB] AI kingmaker Jensen Huang - the CEO of Nvidia - offered the... Read More.

KPMG Australia COO steps aside amid growing audit client leak scandal

Wednesday, June 3 by SRN News

By Christine Chen SYDNEY, June 3 (Reuters) - KPMG Australia's chief operating officer stepped aside from her executive role on Wednesday, the accounting firm said, in the latest fallout from a growing scandal over allegations it misused client information to win lucrative audit contracts. Eileen Hoggett... Read More.

US proposes tariffs of 10% or 12.5% on goods from 60 economies over forced labor failures

Tuesday, June 2 by SRN News

By David Lawder and Anusha Shah June 2 (Reuters) - The Trump administration on Tuesday proposed imposing additional duties of 10% or 12.5% on imports from 60 economies after determining their failures to curb trade in goods made with forced labor are unreasonable and restrict... Read More.

US says it plans extra tariffs of 10% or more for most trading partners after forced labor probe

Tuesday, June 2 by SRN News

WASHINGTON (AP) - The Trump administration is proposing that tariffs of 10% or more be imposed on products from dozens of major trading partners following a probe into imports of goods allegedly made with forced labor. The report released early Wednesday by the U.S.... Read More.

Oil jumps on Mideast missiles while AI bulls carry stocks higher

Tuesday, June 2 by SRN News

By Tom Westbrook SINGAPORE, June 3 (Reuters) - Oil prices rose for a third day running on Wednesday and the dollar was on the brink of breaking above 160 yen as fresh hostilities flared in the Gulf after U.S.-Iran peace talks stalled. U.S. crude futures jumped... Read More.

Current Weather

When IPOs go wrong: SpaceX, AI firms face a delicate process

Ukrainian drones set fire to a St. Petersburg oil terminal ahead of Putin visit

Zara owner Inditex defies consumer gloom with strong early summer sales

Investigators search Indonesian free meals agency after its leader was fired

U.S. targets India with forced labour tariff amid talks on trade pact

Morning Bid: Marvell, a fitting name for the latest AI darling

KPMG Australia COO steps aside amid growing audit client leak scandal

US proposes tariffs of 10% or 12.5% on goods from 60 economies over forced labor failures

US says it plans extra tariffs of 10% or more for most trading partners after forced labor probe

Oil jumps on Mideast missiles while AI bulls carry stocks higher

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