Business

Borrowed money fueling US stock rally is getting more expensive

Monday, June 29 by SRN News

By Karen Brettell NEW YORK, June 29 (Reuters) - The borrowed money helping to fuel the U.S. stock rally is getting more expensive, and some on Wall Street are starting to wonder how much longer the math will work. Inflows into leveraged exchange-traded products, rising stock... Read More.

JetBlue pilot reports hitting drone as plane approached JFK airport to land Monday morning

Monday, June 29 by SRN News

A JetBlue pilot reported hitting a drone as he approached JFK International Airport to land in New York Monday morning. The Federal Aviation Administration is investigating the incident that happened as the plane passed through 3,000 feet (914 meters) around 7:15 a.m. as it... Read More.

Europe’s central bank head defends its recent rate hike to fight inflation

Monday, June 29 by SRN News

FRANKFURT, Germany (AP) - The head of the European Central Bank defended its June 11 rate hike as justified to ward off real inflationary pressures and said it wasn't just a mere "insurance hike." ECB head Christine Lagarde said Monday that without the quarter percentage-point... Read More.

Stellantis extends summer stoppage at Fiat 500 Turin factory

Monday, June 29 by SRN News

MILAN, June 29 (Reuters) - Stellantis has added an extra week of summer downtime at its Fiat 500 factory in Turin, northern Italy, due to parts shortages from some suppliers, the FIM Cisl trade union said on Monday, adding that the stoppage may also... Read More.

WhatsApp will allow users to go by usernames instead of phone numbers, closing a privacy blind spot

Monday, June 29 by SRN News

LONDON (AP) - WhatsApp users will soon get the option of going by usernames instead of phone numbers, the company said Monday, announcing plans to address a privacy blind spot. The app said it has started allowing users to reserve unique usernames, which can be... Read More.

US SEC fines BofA’s Merrill Lynch $7.5 million over suspicious activity reports

Monday, June 29 by SRN News

June 29 (Reuters) - The U.S. Securities and Exchange Commission said on Monday it fined Bank of America's Merrill Lynch unit $7.5 million for failing to file numerous suspicious activity reports from April 2020 to September 2024. (Reporting by Jonathan Stempel in New York) Brought... Read More.

Supreme Court says Fed’s Cook can keep her job for now, but it upholds other Trump firings

Monday, June 29 by SRN News

WASHINGTON (AP) - The Supreme Court on Monday dramatically expanded presidential power, upholding President Donald Trump's firings of the heads of independent federal agencies with one important exception: the Federal Reserve. The justices allowed Fed governor Lisa Cook to stay in her job while she... Read More.

Fed’s Cook says Supreme Court decision defends central bank’s independence

Monday, June 29 by SRN News

June 29 (Reuters) - Federal Reserve Governor Lisa Cook said following a Supreme Court decision on Monday that thwarted her attempted firing by President Donald Trump that the ruling defends central bank independence. "The Supreme Court's decision to leave the lower court's order in... Read More.

Honeywell Aerospace rises in Nasdaq debut

Monday, June 29 by SRN News

By Aatreyee Dasgupta June 29 (Reuters) - Honeywell Aerospace shares rose 7% in their Nasdaq debut on Monday, marking another step in the three-way split of manufacturing giant Honeywell. Shares of the aircraft engine, parts and defense systems maker opened at $236.78 apiece, versus $221.01 at... Read More.

Wall Street opens higher as US, Iran halt attacks

Monday, June 29 by SRN News

June 29 (Reuters) - Wall Street's main indexes opened higher on Monday as easing tensions in the Middle East lifted sentiment following days of hostilities between the U.S. and Iran. The Dow Jones Industrial Average rose 119.0 points, or 0.23%, at the open to 51,995.14.... Read More.

Current Weather

Borrowed money fueling US stock rally is getting more expensive

JetBlue pilot reports hitting drone as plane approached JFK airport to land Monday morning

Europe’s central bank head defends its recent rate hike to fight inflation

Stellantis extends summer stoppage at Fiat 500 Turin factory

WhatsApp will allow users to go by usernames instead of phone numbers, closing a privacy blind spot

US SEC fines BofA’s Merrill Lynch $7.5 million over suspicious activity reports

Supreme Court says Fed’s Cook can keep her job for now, but it upholds other Trump firings

Fed’s Cook says Supreme Court decision defends central bank’s independence

Honeywell Aerospace rises in Nasdaq debut

Wall Street opens higher as US, Iran halt attacks

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