Business

Boeing weighs 737 ramp-up to approach Airbus production targets, Air Current reports

Friday, June 5 by SRN News

June 4 (Reuters) - Boeing is exploring raising production of its bestselling 737 jet beyond its publicly stated target of 63 aircraft per month, the Air Current reported on Thursday. The planemaker is drafting plans and assessing whether its suppliers could support raising output of... Read More.

Actors’ union approves 4-year contract with studios and streamers

Friday, June 5 by SRN News

LOS ANGELES (AP) - Television and movie actors on Thursday voted overwhelmingly to ratify a four-year contract with studios and streaming services, a month after their union leaders negotiated a deal they say provides protections against synthetic actors created by artificial intelligence. The ratification... Read More.

Switch in talks to raise funds at $50 billion-plus valuation, The Information reports

Friday, June 5 by SRN News

June 4 (Reuters) - Data center developer Switch is in talks to raise billions of dollars at a valuation of at least $50 billion, The Information reported on Thursday, citing people with knowledge of the deal. Here are some details: • Brookfield Asset Management,... Read More.

Auto market turmoil takes toll on German carmakers, study says

Friday, June 5 by SRN News

BERLIN, June 5 (Reuters) - German carmakers lost ground to competitors at the start of the year as tariffs, conflict and technological upheaval weighed on sales, according to an EY analysis warning of further pressures ahead. Revenue generated by the world's major auto groups rose... Read More.

Morning Bid: Small miss, big hit

Friday, June 5 by SRN News

A look at the day ahead in European and global markets from Tom Westbrook The drawdown in tech stocks that has followed a narrow earnings miss at U.S. chipmaker Broadcom deepened in Asia on Friday, tipping South Korean stocks toward just their seventh weekly loss... Read More.

Asian shares drop, with South Korea’s Kospi down more than 5%

Friday, June 5 by SRN News

HONG KONG (AP) - Shares have fallen in Asia, with South Korea's benchmark dropping more than 5%, after sharp declines for some big artificial intelligence-related stocks in the U.S. U.S. futures also retreated. On Wall Street on Thursday, computer chipmaker Broadcom's shares sank 12.6%... Read More.

Japan could end up an ‘AI colony’ if it falls behind, digital minister warns

Friday, June 5 by SRN News

By Kantaro Komiya TOKYO, June 5 (Reuters) - Japan could fall prey to a new form of colonialism in the AI era if it fails to keep pace with the technology's rapid development, the country's digital minister warned on Friday. "I hope many Japanese people... Read More.

US employers likely added 105,000 jobs in May with labor market stable despite costly Iran war

Friday, June 5 by SRN News

WASHINGTON (AP) - The American job market has climbed out of a rut. But it's still trudging along tepidly, frustrating young people and others out of work. The Labor Department is expected to report Friday that companies, non-profits and government agencies added 105,000 jobs last... Read More.

Longtime CBS correspondent Scott Pelley lived many workers’ fantasy: Telling your boss off

Friday, June 5 by SRN News

NEW YORK (AP) - As if Scott Pelley's years in a glamorous, globetrotting, seven-figure dream job weren't enough, he's pulled off one more thing to stir your envy: a cutting takedown of his boss that went loudly public. The "60 Minutes" correspondent's searing rebuke of... Read More.

Corporate regulator investigating KPMG Australia partners over audit leak scandal

Thursday, June 4 by SRN News

SYDNEY, June 5 (Reuters) - Australia's corporate regulator said on Friday it had launched a formal investigation into three KPMG Australia partners linked to whistleblower allegations the accounting firm misused confidential client data to win lucrative audit contracts. The Australian Securities and Investments Commission said... Read More.

Current Weather

Boeing weighs 737 ramp-up to approach Airbus production targets, Air Current reports

Actors’ union approves 4-year contract with studios and streamers

Switch in talks to raise funds at $50 billion-plus valuation, The Information reports

Auto market turmoil takes toll on German carmakers, study says

Morning Bid: Small miss, big hit

Asian shares drop, with South Korea’s Kospi down more than 5%

Japan could end up an ‘AI colony’ if it falls behind, digital minister warns

US employers likely added 105,000 jobs in May with labor market stable despite costly Iran war

Longtime CBS correspondent Scott Pelley lived many workers’ fantasy: Telling your boss off

Corporate regulator investigating KPMG Australia partners over audit leak scandal

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