Business

Trump signs an executive order to vet top AI models for national security risks

Tuesday, June 2 by SRN News

President Donald Trump signed an executive order on artificial intelligence Tuesday, less than two weeks after postponing a White House ceremony over his concerns that a similar policy could dull America's edge on AI technology. The order establishes a framework for the federal government to... Read More.

Movie Review: ‘Masters of the Universe’ does not have the power

Tuesday, June 2 by SRN News

"Masters of the Universe" might not know who its audience is. Sure, yes, perhaps "everyone" is the goal. Modern blockbusters are usually aiming for those golden four quadrants that might justify spending hundreds of millions of dollars to make a movie about an old... Read More.

Oil market could be underpricing risks, Vitol’s Bahrain chief says

Tuesday, June 2 by SRN News

LONDON, June 2 (Reuters) - The oil market is underpricing some risks from the Iran war, global commodity trading house Vitol's managing director for Bahrain, Tom Baker, said on Tuesday. Iran's effective closure of the Strait of Hormuz and attacks on energy infrastructure including oilfields... Read More.

US job openings jump to near two-year high in April

Tuesday, June 2 by SRN News

WASHINGTON, June 2 (Reuters) - U.S. job openings increased more than expected in April, hitting the highest level in nearly two years, though hiring declined likely because of lingering economic uncertainty. Job openings, a measure of labor demand, surged 731,000 to 7.618 million by... Read More.

AI demand, earnings optimism lift tech giants’ market value in May

Tuesday, June 2 by SRN News

June 2 (Reuters) - The world's most valuable technology companies with the exception of Alphabet added billions of dollars in market value in May, as upbeat earnings outlooks and strong demand for AI chips fuelled a rally in their shares. Apple, memory chipmakers Micron Technology,... Read More.

Victoria’s Secret soars 50% as turnaround powers upbeat annual forecasts

Tuesday, June 2 by SRN News

June 2 (Reuters) - Victoria's Secret shares jumped about 50% to a record high and were set for their best day ever on Tuesday, after the lingerie retailer raised its annual forecasts after posting double-digit quarterly revenue growth across its brands. ... Read More.

BUSINESS HEADLINES

Tuesday, June 2 by SRN News

Trump taps housing finance director Pulte as acting director of national intelligence after Gabbard WASHINGTON (AP) - President Donald Trump has tapped federal housing finance Director Bill Pulte to be acting director of national intelligence to replace Tulsi Gabbard. Trump made the surprise announcement Tuesday... Read More.

New York sues over the Trump administration’s deal to end an offshore wind project

Tuesday, June 2 by SRN News

New York's attorney general sued the Trump administration Tuesday over one of its deals to end an offshore wind project. Under a deal made public in March, French company TotalEnergies is getting $1 billion - essentially a refund of its leases for offshore wind... Read More.

Short seller Andrew Left convicted of securities fraud

Tuesday, June 2 by SRN News

A federal grand jury in California has convicted short seller Andrew Left of securities fraud. Left, who was a securities analyst, trader, and guest commentator on television channels including CNBC and Fox Business, was charged in July 2024 with one count of engaging in a... Read More.

John Delaney’s Forbright targets $994 million valuation in US IPO

Tuesday, June 2 by SRN News

By Arasu Kannagi Basil June 2 (Reuters) - Forbright, founded by former U.S. Representative John Delaney, is targeting a valuation of up to $993.8 million in its U.S. initial public offering, as a strong run of new listings by U.S. banks extends into 2026. Chevy... Read More.

Current Weather

Trump signs an executive order to vet top AI models for national security risks

Movie Review: ‘Masters of the Universe’ does not have the power

Oil market could be underpricing risks, Vitol’s Bahrain chief says

US job openings jump to near two-year high in April

AI demand, earnings optimism lift tech giants’ market value in May

Victoria’s Secret soars 50% as turnaround powers upbeat annual forecasts

BUSINESS HEADLINES

New York sues over the Trump administration’s deal to end an offshore wind project

Short seller Andrew Left convicted of securities fraud

John Delaney’s Forbright targets $994 million valuation in US IPO

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