Business

Nike edges past quarterly revenue estimates despite persistent woes in China

Tuesday, June 30 by SRN News

By Juveria Tabassum and Danielle Kaye June 30 (Reuters) - Nike on Tuesday reported quarterly revenue that edged past estimates, as the world's largest sportswear company tries to draw back shoppers and reassure investors that its turnaround push is working. Sales continued to fall in China,... Read More.

Bloom Energy, Brookfield expand AI infrastructure power partnership to $25 billion

Tuesday, June 30 by SRN News

June 30 (Reuters) - Bloom Energy and Brookfield said on Tuesday they expanded their partnership to finance power projects for AI infrastructure, boosting their funding framework fivefold to $25 billion to accelerate the global deployment of fuel cells. Brookfield in October had agreed to invest... Read More.

Trading Day: Stocks cap weak month, stellar quarter

Tuesday, June 30 by SRN News

By Stephen Culp NEW YORK, June 30 (Reuters) - Tech stocks boosted Wall Street as investors prepared to close the book on a month of losses for the S&P 500 and the Nasdaq, but the strongest quarterly percentage gains for all three major U.S. stock... Read More.

Tesla Q2 deliveries expected to rebound as Europe sales recover

Tuesday, June 30 by SRN News

June 30 (Reuters) - Tesla is expected to report a 5% rise in vehicle deliveries on Thursday for the second quarter. The gain is likely to stem from higher demand in Europe, where a sharp jump in fuel prices has pushed consumers to choose battery-powered... Read More.

Egg producers will pay $3.3M and donate 53 million eggs to settle price fixing claims

Tuesday, June 30 by SRN News

NEW YORK (AP) - The U.S. Justice Department and 17 states reached settlement agreements with three major egg producers this week to resolve allegations that the companies illegally colluded for years to raise prices, including when the cost soared to record highs last year. The... Read More.

BUSINESS HEADLINES

Tuesday, June 30 by SRN News

US stocks rise and trim their losses for June NEW YORK (AP) - U.S. stocks rose and trimmed their losses in what had been a rocky June. The S&P 500 gained 0.8% Tuesday, though it still fell to its first losing month following two fabulous... Read More.

BlackRock cools on emerging markets, sees value in euro government debt

Tuesday, June 30 by SRN News

June 30 (Reuters) - The BlackRock Investment Institute (BII) said on Tuesday it had become less bullish on the outlook for emerging market stocks and hard-currency debt, but more upbeat on the outlook for euro zone government bonds. Here are the main points from the... Read More.

Rio bus drivers and workers throughout Brazil demand shorter work week as lawmakers examine proposal

Tuesday, June 30 by SRN News

RIO DE JANEIRO (AP) - Hundreds of bus drivers on strike protested in downtown Rio de Janeiro on Tuesday, demanding better conditions, increased pay and an end to the six-day working week. They are also part of a broader movement of workers pushing to... Read More.

Nestle could lower coffee prices as bean costs fall

Tuesday, June 30 by SRN News

By Richa Naidu VEVEY, Switzerland, June 30 (Reuters) - Nestle will take falling coffee bean costs into account when setting retail prices, a senior executive told Reuters on Tuesday, a potential boost to consumers seeking their caffeine fix that had become increasingly pricey in recent... Read More.

Boeing, engineers’ union begin contract talks

Tuesday, June 30 by SRN News

June 30 (Reuters) - Boeing and the union representing its engineers and technical workers said on Tuesday they would begin formal contract talks ahead of the expiration of their labor agreements in October. The Society of Professional Engineering Employees in Aerospace, which represents roughly 17,000... Read More.

Current Weather

Nike edges past quarterly revenue estimates despite persistent woes in China

Bloom Energy, Brookfield expand AI infrastructure power partnership to $25 billion

Trading Day: Stocks cap weak month, stellar quarter

Tesla Q2 deliveries expected to rebound as Europe sales recover

Egg producers will pay $3.3M and donate 53 million eggs to settle price fixing claims

BUSINESS HEADLINES

BlackRock cools on emerging markets, sees value in euro government debt

Rio bus drivers and workers throughout Brazil demand shorter work week as lawmakers examine proposal

Nestle could lower coffee prices as bean costs fall

Boeing, engineers’ union begin contract talks

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