Business

BUSINESS HEADLINES

Friday, June 26 by SRN News

Former executive sues Meta over attempts to 'silence' her memoir, 'Careless People' A former Meta executive whose memoir, "Careless People," provides an explosive insider account of her time at the social media giant, has sued the company for attempting to "silence" her. The lawsuit was... Read More.

Prediction market platform Polymarket tops $1 billion in annualized revenue, source says

Friday, June 26 by SRN News

By Manya Saini June 26 (Reuters) - Polymarket's annualized revenue has surpassed $1 billion, a source familiar with the matter told Reuters on Friday, highlighting the rapid rise of prediction markets as retail investors flock to trade on everything from elections and sports to financial... Read More.

China Eastern Airlines to buy 25 Airbus A330neo jets for list price of $9.4 billion

Friday, June 26 by SRN News

By Julie Zhu and Tim Hepher HONG KONG/PARIS, June 26 (Reuters) - China Eastern Airlines said on Friday it plans to buy 25 A330neo jets from Airbus for a catalogue price of about $9.35 billion, as the Chinese carrier expands its widebody fleet to serve... Read More.

Fed Chair Warsh taps veteran economists as advisers, WSJ reports

Friday, June 26 by SRN News

June 26 (Reuters) - Federal Reserve Chairman Kevin Warsh has tapped Daniel Covitz and Eric Engstrom, two veteran central-bank economists, to serve as advisers, the Wall Street Journal reported on Friday, citing people familiar with the matter. Reuters could not immediately confirm the report.... Read More.

Morning Bid: When the chips are down and up and down

Friday, June 26 by SRN News

By Anna Szymanski June 26 (Reuters) - Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Huge moves in global tech stocks hogged the spotlight this week. But given how much many AI darlings... Read More.

Jobs data, rate bets in focus as US stocks close solid first half

Friday, June 26 by SRN News

By Lewis Krauskopf NEW YORK, June 26 (Reuters) - Jobs data in the coming week will shed light on the U.S. economy's strength, which could raise prospects for near-term interest rate hikes, adding potential volatility to a stock market already on edge from swings in... Read More.

Lululemon shareholders back board slate after truce with founder

Friday, June 26 by SRN News

By Savyata Mishra June 26 (Reuters) - Lululemon shareholders have elected three management-backed directors, including former Levi Strauss chief Chip Bergh, cementing the settlement of a bruising proxy battle with its founder and paving the way for the incoming CEO to focus on reviving the... Read More.

Fed to hold rates this year, economists say, defying market bets for hikes: Reuters poll

Friday, June 26 by SRN News

By Indradip Ghosh June 26 (Reuters) - The U.S. Federal Reserve will hold its benchmark interest rate steady for the rest of this year, defying financial market pricing for two hikes, according to an even larger majority of economists polled by Reuters. Inflation is running above... Read More.

UK proposes listing rule changes amid Saba tussle with trusts

Friday, June 26 by SRN News

LONDON, June 26 (Reuters) - Britain on Friday set out proposed changes to listing rules for investment trusts aimed at strengthening shareholder protections, following a series of campaigns by U.S. activist investor Saba Capital targeting the sector. The Financial Conduct Authority said the proposed reforms... Read More.

US equity funds record weekly outflows as tech weakness weighs

Friday, June 26 by SRN News

June 26 (Reuters) - U.S. equity funds came under selling pressure in the week to June 24, as concerns over debt-funded spending in the technology sector and expectations of a hawkish Federal Reserve policy stance sparked risk aversion. Investors pulled $3.53 billion from U.S. equity... Read More.

Current Weather

BUSINESS HEADLINES

Prediction market platform Polymarket tops $1 billion in annualized revenue, source says

Fed Chair Warsh taps veteran economists as advisers, WSJ reports

Morning Bid: When the chips are down and up and down

Jobs data, rate bets in focus as US stocks close solid first half

Lululemon shareholders back board slate after truce with founder

Fed to hold rates this year, economists say, defying market bets for hikes: Reuters poll

UK proposes listing rule changes amid Saba tussle with trusts

US equity funds record weekly outflows as tech weakness weighs

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