Business

China’s May retail sales fall for first time in over three years

Tuesday, June 16 by SRN News

(Corrects year to 2026 in paragraph 12) By Ellen Zhang, Kevin Yao and Qiaoyi Li BEIJING, June 16 (Reuters) - China's economy showed increasing unevenness in May, with retail sales falling for the first time in over three years and investment slumping, while industrial output picked... Read More.

OpenAI spending hit $34 billion last year ahead of planned IPO, FT reports

Tuesday, June 16 by SRN News

June 15 (Reuters) - OpenAI spent $34 billion last year to dominate the booming AI market ahead of its planned IPO, the Financial Times reported on Monday. Audited financial figures show the ChatGPT maker spent about $19 billion on research and development in 2025 and... Read More.

BOJ raises interest rates to 31-year high in widely expected move

Tuesday, June 16 by SRN News

TOKYO, June 16 (Reuters) - The Bank of Japan raised interest rates to a 31-year high on Tuesday, a widely expected move that signalled its focus on countering inflation risks from the Middle East conflict. At a two-day meeting that ended on Tuesday, the central... Read More.

All eyes turn to Fed chair Kevin Warsh and his first moves on interest rates

Tuesday, June 16 by SRN News

WASHINGTON (AP) - Ever since Kevin Warsh was nominated by President Trump in late January to lead the Federal Reserve, a question has lingered: Will he seek to raise interest rates to tame inflation or cut them as Trump has long demanded? On Wednesday,... Read More.

Steve Harvey: God’s blessings come with a duty to give back

Tuesday, June 16 by SRN News

Steve Harvey believes his decades of success as an entertainer, motivational speaker and author are blessings from God and connections to his philanthropy. "The more God trusts you, the more he will bless you, but he has to trust you with what he's going to... Read More.

China Shock 2.0: Surging Chinese exports threaten Europe’s economy, raising concern at G7 summit

Tuesday, June 16 by SRN News

WASHINGTON (AP) - For eight years, the United States has waged economic war on China, slapping big taxes on Chinese products before they enter America. But the campaign hasn't dented China's industrial prowess. The world's second biggest economy is exporting more products than ever. It's just... Read More.

What to know about the demining and escort mission that US allies want for the Strait of Hormuz

Monday, June 15 by SRN News

EVIAN-LES-BAINS, France (AP) - The naval mission for the Strait of Hormuz that U.S. allies are proposing as a follow-up to a deal to end the Iran war would aim to reassure crews and shipping insurers that vessels can safely navigate the narrow waterway... Read More.

Higher prices for gas, groceries and flights will outlast the Iran war, experts say

Monday, June 15 by SRN News

NEW YORK (AP) - A tentative deal to end the Iran war makes it reasonable to ask how soon prices will drop for gasoline, groceries, airline tickets and other items that got more expensive during the conflict. Not so fast, experts say. Even after oil... Read More.

Oil rebounds on concerns about US-Iran peace deal, restoration of supply

Monday, June 15 by SRN News

June 16 (Reuters) - Oil prices rebounded on Tuesday on concerns about the lack of details in a preliminary agreement ending the war between the U.S. and Iran and the realization the resumption of supply through the key Strait of Hormuz may take longer... Read More.

Mirae Asset apologises to investors over failure to get SpaceX IPO allocation

Monday, June 15 by SRN News

SEOUL, June 15 (Reuters) - South Korea's Mirae Asset Securities apologised to investors on Monday for failing to secure an allocation of SpaceX shares in the U.S. company's record-setting IPO, adding it would consider financial compensation for those affected. In a letter to clients reviewed... Read More.

Current Weather

China’s May retail sales fall for first time in over three years

OpenAI spending hit $34 billion last year ahead of planned IPO, FT reports

BOJ raises interest rates to 31-year high in widely expected move

All eyes turn to Fed chair Kevin Warsh and his first moves on interest rates

Steve Harvey: God’s blessings come with a duty to give back

China Shock 2.0: Surging Chinese exports threaten Europe’s economy, raising concern at G7 summit

What to know about the demining and escort mission that US allies want for the Strait of Hormuz

Higher prices for gas, groceries and flights will outlast the Iran war, experts say

Oil rebounds on concerns about US-Iran peace deal, restoration of supply

Mirae Asset apologises to investors over failure to get SpaceX IPO allocation

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