Business

Palo Alto raises annual forecasts on strong AI cybersecurity demand, shares surge

Tuesday, June 2 by SRN News

June 2 (Reuters) - Palo Alto Networks raised its annual revenue and profit forecast on Tuesday, as enterprises increased spending on cloud, identity and AI-driven cybersecurity products amid a rising threat landscape, sending shares up 7.4% in extended trading. Here are some details on the... Read More.

US sanctions Iran’s largest digital asset exchange Nobitex and 3 others

Tuesday, June 2 by SRN News

WASHINGTON (AP) - As part of the Trump administration's ongoing campaign to pressure Iran into a deal that would end an ongoing war with the U.S. and Israel, the U.S. placed sanctions on Iran's largest digital asset exchange and three other exchanges, Tuesday. Included... Read More.

The show will go on: White House correspondents’ dinner rescheduled for July, with Trump attending

Tuesday, June 2 by SRN News

NEW YORK (AP) - And now, Take Two: The White House Correspondents' Association dinner has been rescheduled - with President Donald Trump apparently in attendance. The dinner, cut short in April by a gunman who prosecutors say was trying to assassinate Trump, will now take... Read More.

Goldman CEO says high oil prices could shift consumer behavior in second half of 2026

Tuesday, June 2 by SRN News

By Saeed Azhar and Manya Saini NEW YORK, June 2 (Reuters) - Goldman Sachs CEO David Solomon expects consumer behavior to change in the second half of 2026 if inflation picks up, fueled by higher oil prices. "You're going to see more shifts in consumer behavior,"... Read More.

Mastercard appoints insider Ling Hai CFO in leadership reshuffle

Tuesday, June 2 by SRN News

June 2 (Reuters) - Mastercard named Ling Hai as chief financial officer on Tuesday to succeed Sachin Mehra, who will step into the newly created role of chief business officer, as the payments giant reshuffles leadership as part of a management restructuring. The reorganization, effective... Read More.

Paramount seeks EU approval for Warner Bros acquisition

Tuesday, June 2 by SRN News

BRUSSELS, June 2 (Reuters) - Paramount Skydance Corp sought EU antitrust approval on Tuesday to buy Warner Bros Discovery, a European Commission filing showed. The Commission, which acts as the EU's competition enforcer, set a July 7 deadline for its decision. (Reporting by Foo Yun... Read More.

General Mills agrees to sell Häagen-Dazs shops in China to investor group

Tuesday, June 2 by SRN News

HONG KONG (AP) - General Mills is selling its Häagen-Dazs ice-cream shops in mainland China to an investor group that includes Chinese tea brand Ningji. Minneapolis-based General Mills said in a statement late Monday that the deal will allow the buyers to exclusively sell the... Read More.

Trump administration proposes 25% tariffs on Brazil despite extensive US trade surplus

Tuesday, June 2 by SRN News

WASHINGTON (AP) - The Trump administration proposed 25% tariffs on imports from Brazil, charging that the world's 10th-biggest economy engages in trade practices that are "unreasonable'' and that "burden or restrict U.S. commerce.'' Brazil's President Luiz Inácio Lula da Silva said he received the decision... Read More.

US exchanges extend selloff as perpetual futures approval unnerves investors

Tuesday, June 2 by SRN News

June 2 (Reuters) - The selloff in the shares of U.S. bourse operators continued on Tuesday on worries over the risk implications of perpetual futures for cryptocurrencies and fear among investors that such derivative contracts would be extended to equities. Cboe Global Markets fell 9%,... Read More.

Trump makes changes to steel, aluminum and copper tariffs

Tuesday, June 2 by SRN News

NEW YORK (AP) - President Donald Trump on Monday adjusted tariffs on some steel, aluminum and copper imports, lowering some tariffs on farming equipment and extending the lower rate to other equipment. In an executive order, Trump lowered tariffs on agricultural equipment, including combines and... Read More.

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Current Weather

Palo Alto raises annual forecasts on strong AI cybersecurity demand, shares surge

US sanctions Iran’s largest digital asset exchange Nobitex and 3 others

The show will go on: White House correspondents’ dinner rescheduled for July, with Trump attending

Goldman CEO says high oil prices could shift consumer behavior in second half of 2026

Mastercard appoints insider Ling Hai CFO in leadership reshuffle

Paramount seeks EU approval for Warner Bros acquisition

Trump administration proposes 25% tariffs on Brazil despite extensive US trade surplus

US exchanges extend selloff as perpetual futures approval unnerves investors

Trump makes changes to steel, aluminum and copper tariffs

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