Business

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.

Analysis-How a nudge from Nvidia propelled frugal Micron into the AI boom and a $1 trillion market cap

Tuesday, June 2 by SRN News

By Stephen Nellis SAN FRANCISCO, June 2 (Reuters) - Micron Technology's march toward a $1 trillion valuation is nothing if not dramatic: a year ago it was a little over $100 billion. That surge, though, was not built on its famed frugality, but on a nearly... Read More.

UniCredit gets to 34% of Commerzbank as bid’s take-up increases

Tuesday, June 2 by SRN News

MILAN, June 2 (Reuters) - Italian bank UniCredit has reached a 34.35% direct stake in Commerzbank almost a month into its takeover bid for the German rival, a regulatory filing showed. Data UniCredit publishes weekly under German takeover rules showed investors had tendered Commerzbank... Read More.

Cambodia initiates action with UN agency to force conciliation of maritime dispute with Thailand

Tuesday, June 2 by SRN News

PHNOM PENH, Cambodia (AP) - Cambodia's government has filed notice under a U.N. agreement on maritime law for compulsory conciliation of a sea border dispute with neighboring Thailand, Prime Minister Hun Manet said Tuesday. At issue is territory claimed by both that is believed to... Read More.

Israel’s weapons exports reach a record high with sales doubling in the past 5 years

Tuesday, June 2 by SRN News

TEL AVIV, Israel (AP) - Israeli weapons exports reached a record high of more than $19 billion last year, a 30% increase from 2024, Israel's Defense Ministry said Tuesday. More than half of 2025's sales were "mega-deals" valued at $100 million or more, the ministry... Read More.

Trump taps housing finance director Pulte as acting director of national intelligence after Gabbard

Tuesday, June 2 by SRN News

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 on Truth Social regarding Pulte, the director of the Federal Housing Finance Agency and... Read More.

Fulcrum plummets 50% after scrapping lead sickle-cell drug on FDA concerns

Tuesday, June 2 by SRN News

June 2 (Reuters) - Shares of Fulcrum Therapeutics plunged 50% in premarket trading on Tuesday after the company said it would abandon development of its experimental sickle-cell disease drug following cancer-risk concerns raised by the U.S. FDA, and explore strategic options including a potential... Read More.

Morning Bid: Equity supply shock?

Tuesday, June 2 by SRN News

By Mike Dolan June 2 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets On the surface, global markets looked pretty serene early on Tuesday, masking both the latest twist in the AI story and another set of confusing... Read More.

Dollar General raises annual profit forecast on resilient demand for discount goods

Tuesday, June 2 by SRN News

June 2 (Reuters) - Discount retailer Dollar General raised its annual profit forecast on Tuesday, as shoppers seek affordable essentials amid economic uncertainty. Shares of the company were up about 3% in premarket trading. Rising gasoline prices due to the Iran war are further pressuring consumer... Read More.

Current Weather

Short seller Andrew Left convicted of securities fraud

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

Analysis-How a nudge from Nvidia propelled frugal Micron into the AI boom and a $1 trillion market cap

UniCredit gets to 34% of Commerzbank as bid’s take-up increases

Cambodia initiates action with UN agency to force conciliation of maritime dispute with Thailand

Israel’s weapons exports reach a record high with sales doubling in the past 5 years

Trump taps housing finance director Pulte as acting director of national intelligence after Gabbard

Fulcrum plummets 50% after scrapping lead sickle-cell drug on FDA concerns

Morning Bid: Equity supply shock?

Dollar General raises annual profit forecast on resilient demand for discount goods

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