Business

Global financial firms pivot to South Korea, cautious on China and India, survey shows

Monday, June 29 by SRN News

By Jayshree P Upadhyay MUMBAI, June 30 (Reuters) - Global financial firms are pivoting expansion plans towards South Korea while taking a more measured approach to China and India, according to an industry survey. Firms are also scaling existing businesses and widening product lines in... Read More.

Self-exiled Chinese billionaire Guo Wengui gets 30 years in US prison for fraud conviction

Monday, June 29 by SRN News

NEW YORK (AP) - A self-exiled billionaire Chinese business tycoon once believed to be among China's wealthiest men was sentenced Monday to 30 years in a U.S. prison for a massive financial fraud. Guo Wengui, who fled China a decade ago and reinvented himself as... Read More.

Uber, Waymo end robotaxi partnership in Phoenix

Monday, June 29 by SRN News

By Juby Babu June 29 (Reuters) - Uber and Alphabet's Waymo have ended their self-driving partnership in Phoenix, Arizona, as the ride-hailing giant prepares to launch a new autonomous vehicle collaboration in the city. Under the partnership struck in 2023, Uber had integrated Waymo's autonomous vehicles... Read More.

Trading Day: Wall Street gains, Dow hits record closing high as fragile U.S.-Iran truce holds

Monday, June 29 by SRN News

By Stephen Culp NEW YORK, June 29 (Reuters) - U.S. stocks followed their world counterparts higher on Monday, with the S&P 500 and the Nasdaq snapping five-day losing streaks and the blue-chip Dow notching an all-time closing high as the U.S. and Iran halted attacks... Read More.

Michigan judge blocks Kalshi from allowing residents to place sports bets

Monday, June 29 by SRN News

June 29 (Reuters) - A Michigan judge on Monday blocked prediction market operator Kalshi from continuing to allow people in the state to place financial bets on sporting events after the state's attorney general accused it of violating state gaming law. Ingham County Circuit Court... Read More.

US senator asks regulator to reject giant NextEra-Dominion power deal, filing

Monday, June 29 by SRN News

By Laila Kearney NEW YORK, June 29 (Reuters) - U.S. Senator Angus King is urging the country's top energy regulator to reject NextEra Energy's proposed $66.8 billion acquisition of Dominion Energy, saying the deal would consolidate too much power in the hands of one company,... Read More.

Maersk upgrades 2026 earnings guidance on strong demand

Monday, June 29 by SRN News

June 29 (Reuters) - Shipping group Maersk on Monday upgraded its earnings guidance for this year on strong demand in the container market, particularly in Asia. Its forecast for earnings before interest, taxes, depreciation, and amortization has been adjusted to $8 billion to $10... Read More.

Methodology changes could lower US May core PCE inflation, economists say

Monday, June 29 by SRN News

WASHINGTON, June 29 (Reuters) - The May data for the U.S. Personal Consumption Expenditures Price Index, excluding food and energy, could be revised lower when the government implements methodological changes to some components later this year, economists say. The Bureau of Economic Analysis said last... Read More.

Proxy advisers notch third legal win staving off Republican ‘anti-ESG’ rules

Monday, June 29 by SRN News

By Ross Kerber and Mike Scarcella June 29 (Reuters) - A federal judge late on Friday granted a preliminary injunction blocking an Indiana law requiring new disclosures from proxy advisers, marking a third legal victory for Institutional Shareholder Services and Glass Lewis against restrictions backed... Read More.

Luigi Mangione’s federal trial in UnitedHealthcare CEO’s killing postponed until January

Monday, June 29 by SRN News

NEW YORK (AP) - Luigi Mangione's federal trial in the killing of UnitedHealthcare CEO Brian Thompson will now begin in January, a judge said Monday, delaying it from the fall. U.S. District Judge Margaret Garnett said she was postponing the federal trial so Mangione's lawyers... Read More.

Current Weather

Global financial firms pivot to South Korea, cautious on China and India, survey shows

Self-exiled Chinese billionaire Guo Wengui gets 30 years in US prison for fraud conviction

Uber, Waymo end robotaxi partnership in Phoenix

Trading Day: Wall Street gains, Dow hits record closing high as fragile U.S.-Iran truce holds

Michigan judge blocks Kalshi from allowing residents to place sports bets

US senator asks regulator to reject giant NextEra-Dominion power deal, filing

Maersk upgrades 2026 earnings guidance on strong demand

Methodology changes could lower US May core PCE inflation, economists say

Proxy advisers notch third legal win staving off Republican ‘anti-ESG’ rules

Luigi Mangione’s federal trial in UnitedHealthcare CEO’s killing postponed until January

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