Business

Struggling Pizza Hut restaurant chain will be sold for $2.7 billion

Tuesday, June 16 by SRN News

The struggling Pizza Hut restaurant chain will be sold for $2.7 billion by parent company Yum Brands. Yum Brands said in February that it was considering selling Pizza Hut and the chain looked to close 250 U.S. restaurants. The pizza chain has struggled with outdated... Read More.

McDonald’s is serving fried apple pie again for America’s 250th birthday

Tuesday, June 16 by SRN News

McDonald's is frying up some apple pies to honor America's 250th birthday. The company said Tuesday it's bringing back fried apple pies for the first time in more than three decades. They'll be available at most U.S. restaurants for a limited time starting June 23. McDonald's... Read More.

Trading platform Robinhood to cut 10% of workforce in restructuring

Tuesday, June 16 by SRN News

By Manya Saini June 16 (Reuters) - Robinhood said on Tuesday it would cut 10% of its full-time workforce, or about 290 roles, as the trading platform seeks to operate more efficiently by flattening organizational layers. The move comes as companies across sectors continue to scrutinize... Read More.

German auto lobby welcomes EU approval of US trade deal but tariffs still weigh

Tuesday, June 16 by SRN News

BERLIN, June 16 (Reuters) - The European Parliament's approval of Brussels' trade deal with the United States is important for German auto makers seeking clarity but trade barriers remain too high, with tariffs on trucks particularly steep, an industry body said on Tuesday. Germany's VDA... Read More.

SpaceX buys AI coding startup Cursor for $60 billion in race for an edge over Anthropic and OpenAI

Tuesday, June 16 by SRN News

SpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk's space exploration and AI company seeks a competitive edge against rivals Anthropic and OpenAI after its Wall Street debut last week. SpaceX said in April that it... Read More.

G7 allies scramble to put Ukraine back atop Trump’s agenda as war drags on

Tuesday, June 16 by SRN News

EVIAN-LES-BAINS, France (AP) - U.S. allies at the Group of Seven summit of major industrialized democracies worked Tuesday to push the war in Ukraine back up the agenda of President Donald Trump after more than four years of fighting sparked by Russia's full-scale invasion. The... Read More.

UBS expects no Fed easing this year; sees hawkish tone in June meeting

Tuesday, June 16 by SRN News

June 16 (Reuters) - UBS Global Wealth Management pushed back its timeline for U.S. Federal Reserve rate cuts to March and June 2027 and no longer expects any easing this year, citing expectations of a hawkish tone at this week's policy meeting. The wealth manager... Read More.

SoftBank launches cybersecurity product based on OpenAI models

Tuesday, June 16 by SRN News

By Anton Bridge TOKYO, June 16 (Reuters) - Japan's SoftBank Group has launched a cybersecurity product designed to counter breaches enabled by artificial intelligence, the company said on Tuesday. The "Patching as a Service" product will be rolled out in Japan through a joint venture established... Read More.

Wells Fargo raises S&P 500 target on stronger earnings outlook

Tuesday, June 16 by SRN News

June 16 (Reuters) - Wells Fargo raised its 2026 year-end S&P 500 target to 7,950, citing upside from corporate earnings strength and a preliminary U.S.-Iran deal, the Wall Street brokerage said in a note dated June 15. (Reporting by Rashika Singh in Bengaluru; Editing... Read More.

US, Mexican officials to discuss agriculture, energy as Trump casts doubt on trade deal

Tuesday, June 16 by SRN News

By David Lawder WASHINGTON, June 16 (Reuters) - U.S. and Mexican negotiators meet in Washington on Tuesday for a second round of talks focused on agriculture and energy in an effort to revamp the North American trade agreement, as President Donald Trump casts doubt on... Read More.

Current Weather

Struggling Pizza Hut restaurant chain will be sold for $2.7 billion

McDonald’s is serving fried apple pie again for America’s 250th birthday

Trading platform Robinhood to cut 10% of workforce in restructuring

German auto lobby welcomes EU approval of US trade deal but tariffs still weigh

SpaceX buys AI coding startup Cursor for $60 billion in race for an edge over Anthropic and OpenAI

G7 allies scramble to put Ukraine back atop Trump’s agenda as war drags on

UBS expects no Fed easing this year; sees hawkish tone in June meeting

SoftBank launches cybersecurity product based on OpenAI models

Wells Fargo raises S&P 500 target on stronger earnings outlook

US, Mexican officials to discuss agriculture, energy as Trump casts doubt on trade deal

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