Business

Fed’s Daly says AI is not for now driving inflation up or down

Thursday, June 4 by SRN News

June 4 (Reuters) - San Francisco Federal Reserve President Mary Daly on Thursday said that while she believes AI over a five- to 10-year window could be a deflationary force, the effect is "not a pressing issue" for monetary policy which operates on a... Read More.

Walmart investors reject AI workplace report as automation expands in the US

Thursday, June 4 by SRN News

By Nicholas P. Brown and Juveria Tabassum June 4 (Reuters) - Walmart investors on Thursday voted against a shareholder proposal asking it to report on how its use of AI is affecting the well-being of its workforce, according to preliminary voting results from the retailer's... Read More.

Lufthansa employees injured in a Boeing nose gear incident at Frankfurt airport

Thursday, June 4 by SRN News

BERLIN (AP) - German airline Lufthansa says several employees were injured on Thursday after the nose gear of a Boeing jet "unexpectedly" retracted, causing the nose of the plane to fall several meters (yards) to the ground and breaking off the door flaps of... Read More.

US screwworm case puts ranchers on alert, rallies cattle prices

Thursday, June 4 by SRN News

By Tom Polansek CHICAGO, June 4 (Reuters) - U.S. feeder cattle futures surged on Thursday as ranchers and traders were on high alert for more potential cases of the flesh-eating screwworm parasite. The U.S. Department of Agriculture confirmed late on Wednesday that New World screwworm was... Read More.

Redemption requests rise at Blackstone, Partners Group as private markets strain

Thursday, June 4 by SRN News

By John Revill and Arasu Kannagi Basil June 4 (Reuters) - Swiss alternative asset manager Partners Group on Thursday flagged more withdrawal requests from its funds while Blackstone said it capped withdrawals at its flagship private credit fund, underscoring widening stresses in private funding... Read More.

American Airlines temporarily suspends some of its summer routes due to steep jet fuel costs

Thursday, June 4 by SRN News

NEW YORK (AP) - American Airlines is temporarily suspending some of its routes this summer, as steep jet fuel costs continue to strain carriers' budgets amid the war with Iran. In a statement, American said it had adjusted service for "select routes" in August and... Read More.

Trump expected to announce $700 million in new support for struggling coal industry

Thursday, June 4 by SRN News

WASHINGTON (AP) - President Donald Trump is again seeking to boost the struggling U.S. coal industry, with an announcement expected Thursday to spend nearly $700 million to support coal-fired power plants and coal exports. A White House official said the administration will use authority... Read More.

Average US long-term mortgage rate falls to 6.48%, retreating from its highest level in 9 months

Thursday, June 4 by SRN News

The average long-term U.S. mortgage rate eased this week from its highest level in nine months, welcome relief for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate fell to 6.48% from 6.53% last week, mortgage buyer Freddie Mac said Thursday. The average rate remains... Read More.

Singapore Airlines in talks on order for at least 50 big jets, sources say

Thursday, June 4 by SRN News

PARIS/HONG KONG, June 4 (Reuters) - Singapore Airlines is in discussions with Airbus and Boeing for the purchase of at least 50 of the industry's biggest jets as it plans the next phase of its growth from next decade, industry sources said. The Southeastern Asian... Read More.

Coca-Cola CFO flags uneven demand, warns of Middle East risks into 2027

Thursday, June 4 by SRN News

June 4 (Reuters) - Coca‑Cola is adjusting ways to keep its drinks both affordable and appealing as consumer demand remains uneven across income groups, CFO John Murphy said at an industry conference on Thursday. The beverages giant, which raised its annual profit target in April,... Read More.

Current Weather

Fed’s Daly says AI is not for now driving inflation up or down

Walmart investors reject AI workplace report as automation expands in the US

Lufthansa employees injured in a Boeing nose gear incident at Frankfurt airport

US screwworm case puts ranchers on alert, rallies cattle prices

American Airlines temporarily suspends some of its summer routes due to steep jet fuel costs

Trump expected to announce $700 million in new support for struggling coal industry

Average US long-term mortgage rate falls to 6.48%, retreating from its highest level in 9 months

Singapore Airlines in talks on order for at least 50 big jets, sources say

Coca-Cola CFO flags uneven demand, warns of Middle East risks into 2027

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