Business

US diesel refining economics remain firm despite Iran war truce

Friday, June 26 by SRN News

By Shariq Khan NEW YORK, June 26 (Reuters) - The U.S. diesel futures crack spread, a measure of profitability for refiners, hit a three-week high as analysts said supply tightness for the product is set to persist even after a preliminary deal was reached to... Read More.

IMF chief economist Gourinchas says global economy remains firmly ‘dollar-centered’

Friday, June 26 by SRN News

By Andrea Shalal WASHINGTON, June 26 (Reuters) - Global trade flows and relationships are shifting after U.S. President Donald Trump imposed unilateral tariffs on most countries, but the U.S. dollar continues to anchor international trade, banking and central bank reserves, the International Monetary Fund's chief... Read More.

OpenAI limits its newest ChatGPT product to Trump-approved customers during cybersecurity review

Friday, June 26 by SRN News

ChatGPT maker OpenAI said Friday it is restricting the release of its new artificial intelligence model at the request of President Donald Trump's administration, the latest in an unprecedented government vetting of AI products that could pose cybersecurity risks. OpenAI said its new AI product,... Read More.

Trump threatens 100% tax on European imports if countries impose tax on digital services

Friday, June 26 by SRN News

WASHINGTON (AP) - President Donald Trump on Friday threatened a 100% tax on imports from any country that imposes a tax on digital services from United States companies. In a post on social media, Trump took aim at European countries that he said are discussing... Read More.

Factbox-Biggest job cuts by global automakers

Friday, June 26 by SRN News

June 26 (Reuters) - Auto giant Volkswagen's potential plan to shutter four German factories and ramp up job cuts to as many as 100,000 could be the biggest ever overhaul in the industry. The carmaker faces mounting pressure from Chinese rivals, stiff tariffs on car... Read More.

Drone startup Elroy Air to list on Nasdaq via $1 billion SPAC deal

Friday, June 26 by SRN News

June 26 (Reuters) - Cargo drone startup Elroy Air has agreed to list in the U.S. through a merger with blank-check firm Columbus Circle Capital Corp II in a deal valued at roughly $1 billion, the companies said on Friday. Here are some details:... Read More.

Explainer-Volkswagen Law: the unique structure behind Europe’s biggest carmaker

Friday, June 26 by SRN News

By Christoph Steitz and Victoria Waldersee FRANKFURT, June 26 (Reuters) - Volkswagen's plans to close plants in Germany and nearly double planned job cuts to around 100,000 have put the spotlight on its unique governance and ownership structure that have drawn criticism from investors for... Read More.

Wall St opens lower as chip stocks resume slide

Friday, June 26 by SRN News

June 26 (Reuters) - Wall Street's main indexes fell on Friday, as chipmakers came under renewed selling pressure after a stellar run this quarter, with investors questioning high valuations and the repercussions of massive AI spending by companies. The Dow Jones Industrial Average fell 116.9... Read More.

Unilever explores bid for supplements maker Thorne, FT reports

Friday, June 26 by SRN News

June 26 (Reuters) - Unilever is exploring a bid for U.S. supplements maker Thorne, the Financial Times reported on Friday, as the consumer goods giant accelerates its shift towards beauty and wellbeing brands under CEO Fernando Fernandez. Since taking over in March 2025, Fernandez has... Read More.

Silver miner Sinda raises $213 million in US IPO

Friday, June 26 by SRN News

June 26 (Reuters) - Sinda said late on Thursday it had raised $213 million in its U.S. initial public offering, becoming the latest silver miner to tap the new listings market this month. The company sold 17.75 million shares in the IPO at $12 apiece,... Read More.

Current Weather

US diesel refining economics remain firm despite Iran war truce

IMF chief economist Gourinchas says global economy remains firmly ‘dollar-centered’

OpenAI limits its newest ChatGPT product to Trump-approved customers during cybersecurity review

Trump threatens 100% tax on European imports if countries impose tax on digital services

Factbox-Biggest job cuts by global automakers

Explainer-Volkswagen Law: the unique structure behind Europe’s biggest carmaker

Wall St opens lower as chip stocks resume slide

Unilever explores bid for supplements maker Thorne, FT reports

Silver miner Sinda raises $213 million in US IPO

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