Business

Wall Street futures tick lower after record highs; HPE soars

Tuesday, June 2 by SRN News

June 2 (Reuters) - The S&P 500 and the Nasdaq 100 futures edged lower on Tuesday after hitting a series of record highs, while blowout results from Hewlett Packard Enterprise and a funding commitment from Alphabet underscored investor confidence in the AI buildout. HPE surged... Read More.

Arm Holdings CEO says US would have difficulty banning AI CPU chip exports to China

Tuesday, June 2 by SRN News

By Max A. Cherney TAIPEI, June 2 (Reuters) - Arm Holdings CEO Rene Haas said on Tuesday that it would be difficult to block the export to China of CPUs that are useful for AI because of their widespread use and as it would be... Read More.

Estee Lauder still open to acquisitions after failed Puig talks, CEO says

Tuesday, June 2 by SRN News

June 2 (Reuters) - An Estee Lauder merger with Jean Paul Gaultier-owner Puig failed to go through because of the price tag, Stephane de La Faverie, President and CEO of the U.S. cosmetics maker said on Tuesday, but added the company was still open... Read More.

Marvell Technology surges after Nvidia’s Huang calls it ‘next trillion-dollar company’

Tuesday, June 2 by SRN News

June 2 (Reuters) - Marvell Technology's shares surged more than 24% in premarket trading on Tuesday after Nvidia CEO Jensen Huang called the chipmaker the next "trillion-dollar company." Huang and Marvell CEO Matt Murphy were speaking at an event at the Computex week in Taipei... Read More.

HPE surges 29% as AI infrastructure boom boosts server demand

Tuesday, June 2 by SRN News

June 2 (Reuters) - Hewlett Packard Enterprise shares rallied nearly 29% in premarket trade on Tuesday, as investors cheered the AI server maker pulling forward its long-term financial targets by two years, buoyed by strong AI infrastructure demand. HPE, which competes with Dell Technologies and... Read More.

BOJ should signal clear rate path after June hike, SMFG markets chief says

Tuesday, June 2 by SRN News

By Makiko Yamazaki and Miho Uranaka TOKYO, June 2 (Reuters) - The Bank of Japan should lay out a clear path for policy normalisation after a widely expected rate hike this month to stabilise the bond market, Sumitomo Mitsui Financial Group's global markets chief, Arihiro... Read More.

Analysis-Euro zone firms struggle to raise prices despite Iran war shock

Tuesday, June 2 by SRN News

By Francesco Canepa and Rob Lang FRANKFURT, June 2 (Reuters) - Only a third of the euro zone's largest companies have indicated they are raising prices in response to the Iran war, a Reuters analysis of listed corporate earnings commentary shows, suggesting a weak economy... Read More.

EasyJet lures takeover interest as investors spot a bargain

Tuesday, June 2 by SRN News

By Raechel Thankam Job and Ankita Bora June 2 (Reuters) - British budget airline easyJet has caught the eye of U.S. investment firm Castlelake for a possible takeover. While easyJet has called the timing "highly opportunistic", analysts say its low valuation, slots at key airports and... Read More.

Morning Bid: Nvidia chief to Asia: ‘We’re still supply constrained’

Tuesday, June 2 by SRN News

A look at the day ahead in European and global markets from Gregor Stuart Hunter Nvidia CEO Jensen Huang says the company has enough supply for "very, very robust growth" linked to the AI boom. But it still needs more. Speaking at a conference in Taipei... Read More.

Rescuers dig for bodies after a mining explosives blast in Myanmar kills at least 43

Monday, June 1 by SRN News

BANGKOK (AP) - More than a dozen rescue and charity groups used excavation machinery to recover bodies Monday after a massive blast from stored mining explosives in northeastern Myanmar. The explosion occurred at midday Sunday in Kaungtup village, Namhkam township in Shan state near the... Read More.

Current Weather

Wall Street futures tick lower after record highs; HPE soars

Arm Holdings CEO says US would have difficulty banning AI CPU chip exports to China

Estee Lauder still open to acquisitions after failed Puig talks, CEO says

Marvell Technology surges after Nvidia’s Huang calls it ‘next trillion-dollar company’

HPE surges 29% as AI infrastructure boom boosts server demand

BOJ should signal clear rate path after June hike, SMFG markets chief says

Analysis-Euro zone firms struggle to raise prices despite Iran war shock

EasyJet lures takeover interest as investors spot a bargain

Morning Bid: Nvidia chief to Asia: ‘We’re still supply constrained’

Rescuers dig for bodies after a mining explosives blast in Myanmar kills at least 43

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