Business

A leaner, more focused Honeywell Aerospace projects strong growth after spinoff

Wednesday, June 3 by SRN News

By Dan Catchpole June 3 (Reuters) - Honeywell Aerospace told investors on Wednesday that it expects to book $6.5 billion in adjusted earnings by 2030, fueled by strong demand from jetmakers and defense customers, along with a sharper focus after its split from Honeywell International... Read More.

US factory orders post biggest gain in 11 months in April

Wednesday, June 3 by SRN News

WASHINGTON, June 3 (Reuters) - New orders for U.S. factory goods posted their biggest increase in nearly a year in April amid strong demand for commercial aircraft and a range of other goods. Factory orders surged 4.8%, the largest rise since May 2025, after an... Read More.

European Union launches tech sovereignty initiative to boost chips, cloud and AI at home

Wednesday, June 3 by SRN News

BRUSSELS (AP) - European Union leaders, worried about the continent relying too heavily on American companies for AI and cloud computing services and Asia for microchips, are pushing back. The 27-nation bloc unveiled a "tech sovereignty" package on Wednesday with measures to promote homegrown... Read More.

US private payrolls increase in May, ADP says

Wednesday, June 3 by SRN News

WASHINGTON, June 3 (Reuters) - U.S. private payrolls increased more than expected in May, the ADP's national employment report showed on Wednesday. Private employment rose by 122,000 jobs last month after a downwardly revised 105,000 gain in April. Economists polled by Reuters had forecast private... Read More.

Many airlines hit hard by jet fuel price swings, not all can hedge, IATA says

Wednesday, June 3 by SRN News

By Robert Harvey LONDON, June 3 (Reuters) - Many airlines have been hit hard by price swings in the jet fuel market, and some are not in a position to hedge their exposure, the International Air Transport Association's head of fuel said on Wednesday. Some... Read More.

Strain grows on shipping industry with vessels stuck inside Hormuz

Wednesday, June 3 by SRN News

By Jonathan Saul ATHENS, June 3 (Reuters) - Even if the U.S. and Iran agreed to halt the war and open the Strait of Hormuz, ships trapped in the Gulf will be unable to leave without safety assurances, the CEO of V.Group, a leading global... Read More.

Report: Disruption of Mideast energy supplies into next year would slam global economy

Wednesday, June 3 by SRN News

FRANKFURT, Germany (AP) - Prolonged disruption of energy supplies from the Middle East due to the Iran war would deal a severe blow to the global economy, sending some countries into recession and spreading inflation and higher unemployment, the Organization for Economic Cooperation and... Read More.

New York City’s 9/11 memorial fundraises to educate youth with $25 million match from Mike Bloomberg

Wednesday, June 3 by SRN News

NEW YORK (AP) - The 9/11 Memorial and Museum has launched a $75 million fundraising campaign as the nonprofit tries to educate the millions of U.S. youth who don't remember the terror attacks on their upcoming 25th anniversary. Boosting The Never Forget Fund's latest appeal,... Read More.

Ford is recalling nearly 420,000 vehicles for a seat belt issue

Wednesday, June 3 by SRN News

Ford is recalling almost 420,000 vehicles because of a seat belt issue that may result in an injury if a crash occurs. The National Highway Traffic Safety Administration said in a report Tuesday that the recall includes certain Ford Expedition and Lincoln Navigator vehicles with... Read More.

Macy’s raises annual forecasts as luxury focus draws affluent shoppers

Wednesday, June 3 by SRN News

June 3 (Reuters) - Macy's raised its annual forecasts and posted its first quarterly sales growth in nearly four years on Wednesday, driven by strong demand for high-end apparel and accessories, particularly at its Bloomingdale's stores. Shares of the company, which also beat quarterly sales... Read More.

Current Weather

A leaner, more focused Honeywell Aerospace projects strong growth after spinoff

US factory orders post biggest gain in 11 months in April

US private payrolls increase in May, ADP says

Many airlines hit hard by jet fuel price swings, not all can hedge, IATA says

Strain grows on shipping industry with vessels stuck inside Hormuz

Report: Disruption of Mideast energy supplies into next year would slam global economy

New York City’s 9/11 memorial fundraises to educate youth with $25 million match from Mike Bloomberg

Ford is recalling nearly 420,000 vehicles for a seat belt issue

Macy’s raises annual forecasts as luxury focus draws affluent shoppers

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