Business

Yen slips to key 160 level as Gulf hostilities boost dollar

Tuesday, June 2 by SRN News

By Rae Wee SINGAPORE, June 3 (Reuters) - Persistent strength in the dollar sent the Japanese yen sliding to the key 160 level on Wednesday, as hostilities in the Gulf erupted anew and bolstered demand for the safe-haven U.S. currency. The U.S. Central Command said Iran... Read More.

Mexican sugar producers push to scrap US import quotas

Tuesday, June 2 by SRN News

By Adriana Barrera MEXICO CITY, June 2 (Reuters) - Mexico's sugar industry is pushing for the United States to eliminate limits on U.S. imports and is working on a potential anti-dumping case against U.S. fructose should talks on the issue fail, industry representatives said on... Read More.

Exclusive-Cigna drops coverage of GLP-1 obesity drugs for its own employees

Tuesday, June 2 by SRN News

By Amina Niasse NEW YORK, June 2 (Reuters) - Health insurer Cigna will stop covering GLP-1 weight-loss drugs including Novo Nordisk's Wegovy and Eli Lilly's Zepbound in its employee health plan effective July 1, according to materials viewed by Reuters on Tuesday. Details of the change... Read More.

Shopify expands share buyback program by $3 billion

Tuesday, June 2 by SRN News

June 2 (Reuters) - Shopify said on Tuesday its board had approved an additional $3 billion share buyback program, bringing the Canadian e-commerce company's total repurchase authorization to $5 billion. The move comes a month after the company's lukewarm forecast failed to stem investor worries... Read More.

How a carjacking in Connecticut led back to a man known as the crypto ‘Godfather’ in California

Tuesday, June 2 by SRN News

On a leafy Connecticut road in the summer of 2024, would-be kidnappers pulled a couple from their Lamborghini SUV, beat them in broad daylight and threw them into a van, only to be arrested shortly thereafter as multiple witnesses, including a passing off-duty FBI... Read More.

Macquarie, IG4 to sell controlling stake in Brazil’s CLI to AD Ports for $835 million

Tuesday, June 2 by SRN News

June 2 (Reuters) - Australia's Macquarie Group said on Tuesday its asset management arm and Brazil's IG4 Capital agreed to sell a controlling stake in Corredor Logística e Infraestrutura S.A (CLI) to AD Ports Group for $835 million. Here are the details: ... Read More.

Microsoft reveals new quantum chip made with AI, says it will have systems by 2029

Tuesday, June 2 by SRN News

By Stephen Nellis SAN FRANCISCO, June 2 (Reuters) - Microsoft on Tuesday unveiled a new quantum computing chip that it redesigned with the help of AI, saying it now believes it will have commercially useful quantum machines by 2029. The new target date puts Microsoft on... Read More.

Ulta Beauty boosts profit forecast on higher-priced product demand

Tuesday, June 2 by SRN News

By Anuja Bharat Mistry and Arriana McLymore June 2 (Reuters) - Cosmetics retailer Ulta Beauty raised annual profit forecast on Tuesday, betting that leaner inventory-related losses and resilient demand for high-priced products will help counter rising costs tied to store expansion and marketing. Defying the global... Read More.

Fed Chair Warsh names policy veterans Winfree, Heil as interim advisers, WSJ reports

Tuesday, June 2 by SRN News

June 2 (Reuters) - Federal Reserve Chair Kevin Warsh has tapped two conservative policy veterans, Paul Winfree and Daniel Heil, to advise him while he settles into the job, the Wall Street Journal reported on Tuesday, citing sources. Winfree and Heil would work as temporary... Read More.

Trading Day: New high? Still a buy

Tuesday, June 2 by SRN News

By Jamie McGeever ORLANDO, Florida, June 2 (Reuters) - World stocks rose to fresh peaks again on Tuesday as no major change in U.S.-Iran tensions, together with a general calm across currency and bond markets, encouraged investors to keep buying. In the U.S., small caps... Read More.

Current Weather

Yen slips to key 160 level as Gulf hostilities boost dollar

Mexican sugar producers push to scrap US import quotas

Exclusive-Cigna drops coverage of GLP-1 obesity drugs for its own employees

How a carjacking in Connecticut led back to a man known as the crypto ‘Godfather’ in California

Macquarie, IG4 to sell controlling stake in Brazil’s CLI to AD Ports for $835 million

Microsoft reveals new quantum chip made with AI, says it will have systems by 2029

Ulta Beauty boosts profit forecast on higher-priced product demand

Fed Chair Warsh names policy veterans Winfree, Heil as interim advisers, WSJ reports

Trading Day: New high? Still a buy

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