Business

S&P 500, Nasdaq futures tick up as tech shares stabilize

Wednesday, June 24 by SRN News

June 24 (Reuters) - S&P 500 and Nasdaq futures inched higher on Wednesday after two straight sessions of declines, as investors returned to technology shares following a sharp selloff that saw the Nasdaq 100 lose over $1 trillion in market value. Concerns over lofty... Read More.

FedEx drops on margin hit as investors gauge freight spin-off fortunes

Wednesday, June 24 by SRN News

By Akriti Shah June 24 (Reuters) - FedEx shares slid 7% before the bell on Wednesday, as a margin squeeze at its core delivery segment raised investor worries about the company's transition following the spinoff of its highly profitable trucking unit. FedEx, in a bid to... Read More.

Premier says China’s tech advancements an ‘opportunity’ for the world, not a threat

Wednesday, June 24 by SRN News

HONG KONG (AP) - China's Premier Li Qiang on Wednesday defended the country's technological advancements as an opportunity for the world rather than a threat. Li also said the country's heavy state subsidies were not the main reason for the rapid rise of its high-tech... Read More.

Australia’s central bank still has work to do to reduce inflation, deputy governor says

Wednesday, June 24 by SRN News

SYDNEY, June 24 (Reuters) - Australia's central bank has work to do to tame "too high" inflation, a top official said on Wednesday, although he added that lower global oil prices stemming from a potential resolution of the U.S.-Israeli war on Iran would be... Read More.

Australia’s top export sectors face rising strike threats

Wednesday, June 24 by SRN News

By Melanie Burton and Helen Clark MELBOURNE/PERTH, June 24 (Reuters) - Labour unrest has flared up across Australia's resources sector, with its lucrative iron ore mines and ports facing heightened strike risks, adding to high costs and red tape that majors like BHP warn... Read More.

ByteDance seeks $20 billion in its largest-ever offshore loan, Bloomberg News reports

Wednesday, June 24 by SRN News

June 24 (Reuters) - Chinese technology company ByteDance, the developer of TikTok, is in preliminary talks with banks for its largest offshore loan of about $20 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter. The company has approached banks for... Read More.

A Serbian town is known for raspberries that are exported around the world

Wednesday, June 24 by SRN News

ARILJE, Serbia (AP) - Serbia 's town of Arilje is known as the Balkan country's "raspberry capital," with its fame reaching beyond borders. Arilje and its surroundings yield berries that are exported as far as the United States and Japan. Serbia is among the top... Read More.

Asian stocks are mixed after big tech sell-off

Wednesday, June 24 by SRN News

HONG KONG (AP) - Asian stocks were mixed on Wednesday following a sell-off in big technology stocks from Asia to Wall Street. U.S. stock futures were also trading mixed, as global investors monitor market movements in Japan and South Korea, which have seen big gains... Read More.

Morning Bid: Time to cash in your chips?

Wednesday, June 24 by SRN News

A look at the day ahead in European and global markets from Tom Westbrook South Korea's chip-heavy KOSPI made an unconvincing attempt at a bounce on Wednesday after notching the fifth-biggest selloff in its history a day earlier. According to BNY, there are signs that the... Read More.

Archaeologists find huge Viking textile production site in Denmark

Wednesday, June 24 by SRN News

SØFTEN, Denmark (AP) - Archaeologists have discovered a huge Viking Age textile production site in Denmark that dates back more than 1,000 years and underlines the sophistication of Viking society. Experts from the Moesgaard Museum said this week that the sprawling 100,000-square-meter (more than 1... Read More.

Current Weather

S&P 500, Nasdaq futures tick up as tech shares stabilize

FedEx drops on margin hit as investors gauge freight spin-off fortunes

Premier says China’s tech advancements an ‘opportunity’ for the world, not a threat

Australia’s central bank still has work to do to reduce inflation, deputy governor says

Australia’s top export sectors face rising strike threats

ByteDance seeks $20 billion in its largest-ever offshore loan, Bloomberg News reports

A Serbian town is known for raspberries that are exported around the world

Asian stocks are mixed after big tech sell-off

Morning Bid: Time to cash in your chips?

Archaeologists find huge Viking textile production site in Denmark

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