Business

SpaceX’s wild ride is just getting started

Tuesday, June 23 by SRN News

By Saqib Iqbal Ahmed and Lewis Krauskopf NEW YORK, June 23 (Reuters) - SpaceX's stock extended its wild ride on Tuesday, briefly falling below its first-day opening price before rebounding on an otherwise weak day for the tech sector - sharpening Wall Street's focus on... Read More.

How a heat dome is formed and why experts blame one for Europe’s baking temperatures

Tuesday, June 23 by SRN News

Europe is sizzling under an early heat wave this week, with millions of people experiencing extremely high temperatures, and experts say a phenomenon known as a heat dome is to blame. Here's what to know. Heat domes are essentially high-pressure systems that remain stationary for a... Read More.

SpaceX short interest estimated to be about 5-7% of float, S3 Partners says

Tuesday, June 23 by SRN News

By Saqib Iqbal Ahmed NEW YORK, June 23 (Reuters) - Short sellers are finding it easier to borrow SpaceX shares, even as some 5% to 7% of the company's float, about 40 million shares, has been sold short, according to S3 Partners. "Shares are getting easier... Read More.

Global imbalances could fuel financial stability risks, says BoC Governor Macklem

Tuesday, June 23 by SRN News

(Corrects dateline to 'June 23' from 'June 7') By Promit Mukherjee OTTAWA, June 23 (Reuters) - The Bank of Canada Governor Tiff Macklem said on Tuesday that global imbalances of financial flows, led by China's export surplus and the reliance of the United States on foreign... Read More.

Analysis-Alo Yoga primed for public offering or sale after owner’s sale of wholesale T-shirt business

Tuesday, June 23 by SRN News

By Abigail Summerville NEW YORK, June 23 (Reuters) - In a deal that attracted little interest from Wall Street, the owner of popular yoga clothing maker Alo agreed to sell its wholesale T-shirt division Bella+Canvas last month. Alo and its founders have not talked about the... Read More.

Trump administration announces $17.5 billion in loans for 10 new large nuclear reactors

Tuesday, June 23 by SRN News

WASHINGTON (AP) - The Trump administration is providing $17.5 billion to speed the development of 10 new large nuclear reactors to meet the skyrocketing power demand from massive data centers. Energy Secretary Chris Wright cited "tremendous interest" among developers of data centers that would... Read More.

AI stock slump raises the question if investors are just taking profits or getting very nervous

Tuesday, June 23 by SRN News

Technology companies are spending big to incorporate artificial intelligence into their businesses and to build huge data centers. Investors who had jumped on the bandwagon appear to be having second thoughts. Proponents of artificial intelligence see it as the next great revolution for the global... Read More.

US spectrum auction raises $3.5 billion, will fund replacing Chinese telecom equipment

Tuesday, June 23 by SRN News

June 23 (Reuters) - The U.S. Federal Communications Commission said Thursday an auction of wireless mid-band spectrum raised more than $3.5 billion, which will largely be used to fund the replacement of Chinese telecom equipment. The FCC said up to $3.3 billion of the auction's... Read More.

US consumers favor homebuying over renting for first time since 2023, BofA study shows

Tuesday, June 23 by SRN News

By Saeed Azhar and Arasu Kannagi Basil June 23 (Reuters) - A majority of U.S. consumers now say they would prefer to buy a home rather than rent or move in with family, the first time since 2023 that sentiment has favored homeownership, according to... Read More.

US manufacturing rises on front-loading of orders, but factory employment tumbles to six-year low

Tuesday, June 23 by SRN News

By Lucia Mutikani WASHINGTON, June 23 (Reuters) - U.S. manufacturing activity rose again in June as companies preemptively placed new orders in anticipation of shortages and higher prices, but factory employment hit a six-year low, blamed on rising operating costs related to the Middle East... Read More.

Current Weather

SpaceX’s wild ride is just getting started

How a heat dome is formed and why experts blame one for Europe’s baking temperatures

SpaceX short interest estimated to be about 5-7% of float, S3 Partners says

Global imbalances could fuel financial stability risks, says BoC Governor Macklem

Analysis-Alo Yoga primed for public offering or sale after owner’s sale of wholesale T-shirt business

Trump administration announces $17.5 billion in loans for 10 new large nuclear reactors

AI stock slump raises the question if investors are just taking profits or getting very nervous

US spectrum auction raises $3.5 billion, will fund replacing Chinese telecom equipment

US consumers favor homebuying over renting for first time since 2023, BofA study shows

US manufacturing rises on front-loading of orders, but factory employment tumbles to six-year low

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