Business

Yen hits key 160 level for third session, dollar buoyed by Gulf woes

Thursday, June 4 by SRN News

By Jiaxing Li HONG KONG, June 5 (Reuters) - The Japanese yen is testing the 160 barrier on Friday, prompting pushback from Japanese officials, while the U.S. dollar is on track for a weekly gain as Gulf tensions fuel safe-haven flows. The yen weakened to the... Read More.

BUSINESS HEADLINES

Thursday, June 4 by SRN News

The Dow leaps to a record as oil prices ease and US stocks outside of AI rally NEW YORK (AP) - Wall Street rallied after falling oil prices and yields in the bond market eased the pressure on U.S. stocks. The S&P 500 rose 0.4%... Read More.

Stocks drop as AI rally pauses, US-Iran peace talks stall

Thursday, June 4 by SRN News

By Rae Wee SINGAPORE, June 5 (Reuters) - Asian share markets slid on Friday as investors took profits on technology stocks and turned defensive ahead of the weekend, wary of the flare-up in Middle East hostilities as U.S.-Iran peace talks remain in limbo. The Iran-backed Hezbollah... Read More.

Oil little changed on uncertainty over US-Iran peace deal

Thursday, June 4 by SRN News

By Florence Tan SINGAPORE, June 5 (Reuters) - Oil prices were little changed on Friday following sharp declines in the previous session, with prospects dimming for a near-term end to the U.S.-Israeli war with Iran after the Hezbollah militia rejected a new ceasefire in Lebanon. Brent... Read More.

China’s solar majors charge into batteries as panel sales falter

Thursday, June 4 by SRN News

By Sudarshan Varadhan and Colleen Howe SHANGHAI, June 5 (Reuters) - China's major solar panel manufacturers are ramping up higher-margin battery exports to boost revenue as growth in photovoltaic (PV) sales slows, betting on rising global demand for renewable energy storage to cut reliance on... Read More.

S&P Global keeps fast entry proposal unchanged as SpaceX listing looms

Thursday, June 4 by SRN News

June 4 (Reuters) - S&P Global said on Thursday it was not changing the rules for fast entry into their major indices, setting up a clash with Elon Musk's SpaceX which is set to start trading on the public markets next week. Musk has... Read More.

The Media Line: Israel’s Haredi Debate Becomes an Economic Reckoning

Thursday, June 4 by SRN News

Israel's Haredi Debate Becomes an Economic Reckoning Rising defense costs, demographic change, and gaps in education, employment, and military service are turning a long-running social dispute into a national fiscal challenge By Gabriel Colodro / The Media Line Israel's debate over... Read More.

CME Group’s CEO, Duffy, warns of systemic risk from new crypto ‘perps’

Thursday, June 4 by SRN News

By Anirban Sen and Pritam Biswas June 4 (Reuters) - CME Group CEO Terry Duffy warned on Thursday that U.S. regulators are creating systemic risk by allowing perpetual cryptocurrency futures, and criticized the Commodity Futures Trading Commission's process for approving the novel products. Speaking at the... Read More.

Tradiing Day: Who needs tech?

Thursday, June 4 by SRN News

By Jamie McGeever ORLANDO, Florida, June 4 (Reuters) - Investors on Thursday latched onto the more encouraging aspects of mixed signals surrounding an end to war in the Middle East, pushing stocks higher and oil prices lower. Worries over AI weighed on tech, but other... Read More.

Lululemon cuts forecasts amid persistent sales slump in key US market

Thursday, June 4 by SRN News

By Anuja Bharat Mistry and Danielle Kaye June 4 (Reuters) - Lululemon Athletica cut its annual revenue and profit forecasts on Thursday, as the athletic apparel maker grapples with waning brand appeal and tough competition in the U.S., sending its shares down about 9% in... Read More.

Current Weather

Yen hits key 160 level for third session, dollar buoyed by Gulf woes

BUSINESS HEADLINES

Stocks drop as AI rally pauses, US-Iran peace talks stall

Oil little changed on uncertainty over US-Iran peace deal

China’s solar majors charge into batteries as panel sales falter

S&P Global keeps fast entry proposal unchanged as SpaceX listing looms

The Media Line: Israel’s Haredi Debate Becomes an Economic Reckoning

CME Group’s CEO, Duffy, warns of systemic risk from new crypto ‘perps’

Tradiing Day: Who needs tech?

Lululemon cuts forecasts amid persistent sales slump in key US market

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