Business

Analysis-Germany to face EU ire over Huawei supplies ahead of China talks

Tuesday, June 13 by SRN News

By Sarah Marsh, Supantha Mukherjee and Andreas Rinke BERLIN/STOCKHOLM (Reuters) – The European Union is set to urge Germany to do more to reduce its use of Huawei gear in its 5G network when Brussels publishes a progress report in coming... Read More.

HSBC eyes leading role in banking for VCs, startups after hiring wave

Tuesday, June 13 by SRN News

NEW YORK (Reuters) – HSBC Holding plc is seeking to become a leading bank for venture capital firms and startups globally after building a large team of technology and healthcare bankers in the United States, Hong Kong and Israel, a... Read More.

US appeals court revives Prudential shareholder case

Tuesday, June 13 by SRN News

By Jody Godoy (Reuters) – A U.S. appeals court on Tuesday partly revived a shareholder lawsuit against Prudential Financial Inc alleging the insurer concealed a shortfall with its individual life insurance policy reserves in 2019. The 3rd U.S. Circuit Court of Appeals... Read More.

U.S. Bancorp CEO says economy heading for “moderate” recession

Tuesday, June 13 by SRN News

(Reuters) – U.S. Bancorp’s Andy Cecere forecast a “moderate” recession that would be short and “not very deep in terms of severity,” CEO of the lender said at a conference on Tuesday. He also said one more interest rate hike was... Read More.

Walmart to invest $257 million in beef-packing plant in Kansas

Tuesday, June 13 by SRN News

(Reuters) – Walmart said on Tuesday it would invest $257 million to open a beef-packing plant in Olathe, Kansas in 2025, which would create more than 600 jobs. The facility will package and distribute cuts of the higher grade Angus beef... Read More.

Sam Bankman-Fried challenges post-extradition charges in Bahamas court

Tuesday, June 13 by SRN News

By Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried, the indicted founder of bankrupt cryptocurrency exchange FTX, wants a U.S. judge to throw out criminal charges brought against him following his extradition from the Bahamas. In papers filed late Monday in Manhattan... Read More.

US bank shares rise after inflation data

Tuesday, June 13 by SRN News

By Manya Saini (Reuters) – Shares of U.S. banks rose on Tuesday after inflation data backed the view that the Federal Reserve will keep interest rates unchanged on Wednesday while leaving the door open for more hikes later that will further... Read More.

Oil prices rise 3% after China rate cut

Tuesday, June 13 by SRN News

By Stephanie Kelly NEW YORK (Reuters) -Oil prices climbed 3% on Tuesday, recovering from steep losses the previous session, after China’s central bank lowered a short-term lending rate for the first time in 10 months. The rate cut, aimed at adding momentum to a hesitant post-pandemic... Read More.

Tyson Foods to lay off 228 employees near Chicago who decline move to Arkansas

Tuesday, June 13 by SRN News

CHICAGO (Reuters) – Tyson Foods will lay off 228 corporate employees in Illinois who declined to relocate to the meatpacker’s Arkansas headquarters, eliminating about 46% of the total staff from two offices, the company confirmed on Tuesday. Employees have resisted a... Read More.

Ryan Cohen scoops up GameStop stock worth $10 million, shares rise

Tuesday, June 13 by SRN News

(Reuters) – Ryan Cohen has bought GameStop stock worth $10 million, a securities filing showed on Tuesday, in a sign that the activist investor was trying to boost shareholder morale after the company lost its fifth CEO in five years... Read More.

Current Weather

Analysis-Germany to face EU ire over Huawei supplies ahead of China talks

HSBC eyes leading role in banking for VCs, startups after hiring wave

US appeals court revives Prudential shareholder case

U.S. Bancorp CEO says economy heading for “moderate” recession

Walmart to invest $257 million in beef-packing plant in Kansas

Sam Bankman-Fried challenges post-extradition charges in Bahamas court

US bank shares rise after inflation data

Oil prices rise 3% after China rate cut

Tyson Foods to lay off 228 employees near Chicago who decline move to Arkansas

Ryan Cohen scoops up GameStop stock worth $10 million, shares rise

On Air Now

Dan Bongino

On Air Next

Dana Loesch

Political News

Stealing from Trump was ‘self-help,’ Cohen testifies at hush money trial

Cohen testifies stealing from Trump was ‘self-help’ at hush money trial

Cohen acknowledges stealing from Trump at hush money trial

Cohen returns to witness stand in Trump hush money trial

Half of Americans oppose immigrant detention camps, Reuters/Ipsos poll finds