Business

Rio Tinto sees lithium as fastest-growing division, executive says

Tuesday, June 23 by SRN News

By Ernest Scheyder LAS VEGAS, June 23 (Reuters) - Rio Tinto. expects its lithium business to grow faster than its copper, iron ore and other divisions as it works to triple production by 2028 for the electric vehicle and battery storage markets, an executive said... Read More.

House gives final approval to bipartisan housing bill aimed at lowering costs

Tuesday, June 23 by SRN News

WASHINGTON (AP) - The House gave final approval Tuesday to a broad bipartisan bill aimed at lowering the cost of housing, with lawmakers in both parties eager to show progress on affordability issues ahead of this year's midterm elections. The 358-32 vote sends the... Read More.

Morgan Stanley restricts redemptions at private credit fund after withdrawals surge

Tuesday, June 23 by SRN News

June 23 (Reuters) - Wall Street banking giant Morgan Stanley has limited redemptions at one of its private credit funds after investors sought to withdraw almost 11.6% of shares outstanding, a regulatory filing showed on Tuesday. (Reporting by Pragyan Kalita in Bengaluru; Editing by... Read More.

FedEx eyes 11% rise in 2026 revenue, but shares slide after margin drop

Tuesday, June 23 by SRN News

June 23 (Reuters) - FedEx on Tuesday beat quarterly profit estimates and projected about 11% revenue growth in 2026, but shares fell 5.7% in extended trading after a margin drop in its core express segment. The delivery giant also forecast earnings per share of $16.90... Read More.

Nike names Pfizer executive David Denton as CFO

Tuesday, June 23 by SRN News

June 23 (Reuters) - Nike on Tuesday named David Denton as CFO, replacing Matthew Friend, as the footwear maker struggles through a turnaround amid supply chain issues and stiff competition. Denton, 60, joins Nike from Pfizer, where he has been the finance chief since May... Read More.

Trading Day: Chip wreck

Tuesday, June 23 by SRN News

By Jamie McGeever ORLANDO, Florida, June 23 (Reuters) - Global stocks slumped in a tech-fueled selloff on Tuesday, with investors unnerved by growing debt-funded AI spending, the prospect of a more hawkish U.S. rate outlook, and tightening financial conditions from a stronger dollar and higher... Read More.

Trump administration touts Iran deal as a payday for US farmers, but Iran denies it

Tuesday, June 23 by SRN News

WASHINGTON (AP) - U.S. President Donald Trump and Vice President JD Vance say their interim deal to end the war with Iran will deliver a financial windfall to American farmers. But the Iranians deny it. And, in the absence of more details, sanctions experts are... Read More.

Selection process for Atlanta Fed president reset after Warsh became chairman, CNBC reports

Tuesday, June 23 by SRN News

By Howard Schneider June 23 (Reuters) - The search process for the next president of the Federal Reserve Bank of Atlanta was reset when Kevin Warsh took over as the chairman of the U.S. central bank, CNBC reported on Tuesday, citing two unnamed people... Read More.

Barclays, Stifel lift S&P 500 target to 7,800 on strong earnings outlook

Tuesday, June 23 by SRN News

June 23 (Reuters) - Barclays and Stifel raised their year-end targets for the S&P 500 index to 7,800 on Tuesday, citing strength in corporate earnings. The target is about 4.4% higher than the index's last close of 7,472.79. "The equity bull case remains intact, but earnings... Read More.

Mark Zuckerberg directed Meta to create a prediction markets app, NYT reports

Tuesday, June 23 by SRN News

June 23 (Reuters) - Meta CEO Mark Zuckerberg recently dispatched a small team at his company to create a smartphone app similar to Polymarket and Kalshi, the New York Times reported on Tuesday, citing two employees with knowledge of the matter. The app will probably... Read More.

Current Weather

Rio Tinto sees lithium as fastest-growing division, executive says

House gives final approval to bipartisan housing bill aimed at lowering costs

Morgan Stanley restricts redemptions at private credit fund after withdrawals surge

FedEx eyes 11% rise in 2026 revenue, but shares slide after margin drop

Nike names Pfizer executive David Denton as CFO

Trading Day: Chip wreck

Trump administration touts Iran deal as a payday for US farmers, but Iran denies it

Selection process for Atlanta Fed president reset after Warsh became chairman, CNBC reports

Barclays, Stifel lift S&P 500 target to 7,800 on strong earnings outlook

Mark Zuckerberg directed Meta to create a prediction markets app, NYT reports

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