Business

S&P downgrades JetBlue deeper into junk as high fuel costs dent recovery

Monday, June 8 by SRN News

June 8 (Reuters) - Global ratings agency S&P said on Monday it had downgraded JetBlue Airways to "CCC+" from "B-," pushing the carrier further into junk territory as high jet fuel costs hamper its recovery. The low-cost carrier has been trying to restore profitability through... Read More.

Blue Owl fund facing redemptions raises $500 million in bond sale, Bloomberg News reports

Monday, June 8 by SRN News

June 8 (Reuters) - A private credit fund managed by Blue Owl Capital, which earlier this year imposed limits on investor redemptions, has raised $500 million through an investment‑grade bond offering, Bloomberg News reported on Monday, citing a person familiar with the matter. Blue... Read More.

Strike at GM axle supplier continues

Monday, June 8 by SRN News

By Kalea Hall DETROIT, June 8 (Reuters) - A strike at a major supplier for General Motors' trucks entered its second week on Monday with the United Auto Workers and Dauch Corp still unable to reach a deal, according to a local union official. "Unfortunately,... Read More.

Trading Day: Recovery, but on mute

Monday, June 8 by SRN News

By Jamie McGeever ORLANDO, Florida, June 8 (Reuters) - The S&P 500 and Nasdaq rebounded on Monday from Friday's tech-led rout, on news of an Israel-Iran detente and as investors bought back cheapened stocks. The recovery was fairly muted though, suggesting worries over interest rates... Read More.

Meta funds skilled trades jobs program for AI data center buildout

Monday, June 8 by SRN News

By Katie Paul NEW YORK, June 8 (Reuters) - Meta is investing $115 million to stand up a new training program for data center technician jobs, as the social media giant races to build the infrastructure to power its AI ambitions. The cost-free program, America's Workforce... Read More.

US carriers spent $6.5B on fuel in April; global profit forecast is cut nearly in half

Monday, June 8 by SRN News

U.S. airlines spent more than $6 billion on jet fuel in April, up 78% from a year earlier despite using slightly less fuel, government data released Monday showed. Meanwhile, the airline industry's top global trade group warned that soaring energy costs could nearly halve... Read More.

How major US stock indexes fared Monday 6/8/2026

Monday, June 8 by SRN News

Wall Street held steadier and recovered some of its sell-off from last week. Oil prices, meanwhile, rose Monday following fighting between Israel and Iran, but they pared their biggest gains. The S&P 500 added 0.3%, coming off its 2.6% drop from Friday that was... Read More.

Airline chiefs slam engine makers for delays at industry summit

Monday, June 8 by SRN News

By Allison Lampert, Gabriel Araujo, Rajesh Kumar Singh and Luciana Magalhaes RIO DE JANEIRO, June 8 (Reuters) - Commercial jet enginemakers faced renewed pressure from airline CEOs on Monday, as carriers warned that grounded aircraft and higher repair costs could persist for years. The comments... Read More.

US says BYD, Baidu and Alibaba are aiding China’s military

Monday, June 8 by SRN News

By Michael Martina and David Shepardson WASHINGTON, June 8 (Reuters) - The U.S. on Monday issued an updated list of major Chinese companies that it believes are aiding Beijing's military, including e-commerce group Alibaba, Internet search provider Baidu and automaker BYD. The long-awaited update supersedes... Read More.

ISS urges Warner Bros shareholders to reject executive pay tied to Paramount merger

Monday, June 8 by SRN News

June 8 (Reuters) - Proxy adviser ISS on Monday urged Warner Bros Discovery shareholders to vote against executive pay and exit packages for CEO David Zaslav and other top executives tied to the company's merger with Paramount Skydance. Warner Bros shareholders in April backed the... Read More.

Current Weather

S&P downgrades JetBlue deeper into junk as high fuel costs dent recovery

Blue Owl fund facing redemptions raises $500 million in bond sale, Bloomberg News reports

Strike at GM axle supplier continues

Trading Day: Recovery, but on mute

Meta funds skilled trades jobs program for AI data center buildout

US carriers spent $6.5B on fuel in April; global profit forecast is cut nearly in half

How major US stock indexes fared Monday 6/8/2026

Airline chiefs slam engine makers for delays at industry summit

US says BYD, Baidu and Alibaba are aiding China’s military

ISS urges Warner Bros shareholders to reject executive pay tied to Paramount merger

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