Business

Luxury market shows early signs of recovery in Q2 despite Middle East war, Bain says

Thursday, June 25 by SRN News

(Corrects Levato's first name in paragraph 5) MILAN, June 25 (Reuters) - The global personal luxury goods market is showing signs of a recovery in the second quarter, despite the war in the Middle East, as demand in the U.S. was stronger than expected, consultancy... Read More.

US weekly jobless claims drop more than expected

Thursday, June 25 by SRN News

WASHINGTON, June 25 (Reuters) - The number of Americans filing claims for unemployment benefits fell more than expected last week, consistent with labor market resilience. Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 215,000 for the week ended June 20, the... Read More.

EU releases 3 billion-euro loan package for Ukraine’s recovery as part of 2-year commitment

Thursday, June 25 by SRN News

WARSAW, Poland (AP) - The European Union has disbursed the first 3 billion-euro ($3.4 billion) tranche of a 90 billion-euro ($101 billion) loan to Ukraine, the country's prime minister announced Thursday at the opening of a conference on Ukraine's post-war recovery in Poland. The conference,... Read More.

Volkswagen’s Everllence valued well above €9 billion in bidding race, source says

Thursday, June 25 by SRN News

By Alexander Hübner, Rachel More and Christina Amann BERLIN, June 25 (Reuters) - All three bids for Volkswagen's engine maker Everllence valued the unit "clearly above" €9 billion euros ($10.21 billion), a source directly involved in the talks told Reuters on Thursday. Volkswagen picked U.S.... Read More.

JPMorgan names Petno, Rohrbaugh co-presidents, sharpening Dimon succession planning

Thursday, June 25 by SRN News

June 25 (Reuters) - JPMorgan Chase on Thursday named insiders Doug Petno and Troy Rohrbaugh as co-presidents, advancing succession planning as veteran CEO Jamie Dimon marks 20 years atop Wall Street's largest bank. Dimon has led JPMorgan since January 2006, steering the bank through the... Read More.

US denies Polestar authorization to sell vehicles in latest strike against China-made EVs

Thursday, June 25 by SRN News

June 25 (Reuters) - Electric-vehicle maker Polestar said on Thursday that the U.S. did not grant it authorization to sell vehicles in the country from model year 2027 onwards, effectively banning it from selling cars in the United States. The Sweden-based company, which is majority-owned... Read More.

Tesla to ramp up production in Germany by 20%

Thursday, June 25 by SRN News

June 25 (Reuters) - Tesla said on Thursday that production at its Berlin plant will rise by 20% to 7,500 vehicles per week from October this year. (Reporting by Christoph Steitz, writing by Linda Pasquini, editing by Thomas Seythal) Brought to you by Read More.

EU governments adopt legislation to fulfil EU side of US trade deal

Thursday, June 25 by SRN News

LUXEMBOURG, June 25 (Reuters) - European Union governments adopted on Thursday legislation to remove import duties on many U.S. goods, fulfilling the EU's side of a trade deal struck with U.S. President Donald Trump last year and avoiding renewed transatlantic trade conflict. • The... Read More.

Nasdaq futures jump 2% as Micron, Qualcomm forecasts relieve investors

Thursday, June 25 by SRN News

June 25 (Reuters) - Nasdaq futures jumped 2% on Thursday after upbeat forecasts from chipmakers Micron and Qualcomm pointed to strong demand for artificial intelligence infrastructure, lifting sentiment towards technology stocks. Micron and Qualcomm signalled robust demand for AI infrastructure, with customers committing $22 billion... Read More.

Jaguar Land Rover to recall over 250,500 SUVs in US over air bag issue, NHTSA says

Thursday, June 25 by SRN News

June 25 (Reuters) - Tata Motors-owned Jaguar Land Rover is recalling 250,857 SUVs in the U.S. over an air bag defect that could increase the risk of injury in a crash, the U.S. National Highway Traffic Safety Administration said on Thursday. • The recall covers... Read More.

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Current Weather

Luxury market shows early signs of recovery in Q2 despite Middle East war, Bain says

US weekly jobless claims drop more than expected

EU releases 3 billion-euro loan package for Ukraine’s recovery as part of 2-year commitment

Volkswagen’s Everllence valued well above €9 billion in bidding race, source says

JPMorgan names Petno, Rohrbaugh co-presidents, sharpening Dimon succession planning

US denies Polestar authorization to sell vehicles in latest strike against China-made EVs

Tesla to ramp up production in Germany by 20%

EU governments adopt legislation to fulfil EU side of US trade deal

Nasdaq futures jump 2% as Micron, Qualcomm forecasts relieve investors

Jaguar Land Rover to recall over 250,500 SUVs in US over air bag issue, NHTSA says

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