Business

Morning Bid: Who needs oil when there’s AI to buy?

Monday, June 1 by SRN News

June 1 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. It seems investors are concluding no news is good news when it comes to the Gulf peace talks. President Trump had said he was meeting last Friday... Read More.

Australian state regulator fines Star Sydney $7.2 million for risk management failures

Monday, June 1 by SRN News

June 1 (Reuters) - The New South Wales gaming regulator on Monday said that it has fined Star Entertainment's Sydney casino a total of A$10 million ($7.18 million) to strengthen the technology surrounding its financial crime risk management operations. An enforceable undertaking to set aside... Read More.

Jerome Powell uses JFK award speech to warn against political pressure on Fed, courts and schools

Sunday, May 31 by SRN News

BOSTON (AP) - Former Federal Reserve Chair Jerome Powell used one of his first major public appearances since leaving office to defend independent institutions while accepting an award Sunday honoring his efforts to preserve the central bank's independence. Speaking at the John F. Kennedy Presidential... Read More.

UAW calls for a midnight strike at GM pickup truck axle supplier

Sunday, May 31 by SRN News

By Kalea Hall DETROIT, May 31 (Reuters) - United Auto Workers President Shawn Fain on Sunday called for a strike at a Michigan factory that makes axles for General Motors pickup trucks, some of its most profitable vehicles. The Detroit union said late on Sunday that... Read More.

Rising stablecoin use could cement dollar dominance, ECB’s Schnabel says

Sunday, May 31 by SRN News

FRANKFURT, June 1 (Reuters) - The increased use of stablecoins could reinforce the dollar's global dominance, undermine some nations' ability to set monetary policy and even diminish the role of the euro, European Central Bank board member Isabel Schnabel said on Monday. The use of... Read More.

Dollar steadies as markets await signals on Iran war, central banks

Sunday, May 31 by SRN News

By Rocky Swift TOKYO, June 1 (Reuters) - The U.S. dollar held steady on Monday after a weekly loss as markets awaited the results of peace talks in the Middle East and signals on the timing of central bank rate hikes. The dollar index edged lower... Read More.

Asia stocks count on AI boom to offset Gulf risks

Sunday, May 31 by SRN News

By Wayne Cole SYDNEY, June 1 (Reuters) - Asian share markets firmed on Monday as the boom in all things AI continued to drive demand, offsetting a lack of progress in Gulf peace talks that challenged optimism on a re-opening of the Strait of Hormuz... Read More.

South Korea export growth hits four-decade high as chip sales hit record on AI boom

Sunday, May 31 by SRN News

By Jihoon Lee SEOUL, June 1 (Reuters) - South Korea's exports grew at the strongest annual rate in more than four decades in May, beating market expectations, as chip sales hit a record on a global boom in AI investment. Exports from Asia's fourth-largest economy,... Read More.

Dell unveils $699 XPS 13 laptop in challenge to Apple’s MacBook Neo

Sunday, May 31 by SRN News

By Jaspreet Singh May 31 (Reuters) - Dell on Sunday unveiled its most affordable laptop, XPS 13, as the PC maker aims to capture market share from Apple's MacBook Neo by attracting students and young professionals. Starting at $699 and a reduced $599 for students aged... Read More.

Oil prices rise more than 2% as Israel steps up incursion into Lebanon

Sunday, May 31 by SRN News

By Colleen Howe BEIJING, June 1 (Reuters) - Oil prices rose more than 2% in early trading on Monday after Israel ordered troops to move further into Lebanon in the battle with the Iranian-backed Hezbollah militant group, despite a ceasefire announced more than six weeks... Read More.

Current Weather

Morning Bid: Who needs oil when there’s AI to buy?

Australian state regulator fines Star Sydney $7.2 million for risk management failures

Jerome Powell uses JFK award speech to warn against political pressure on Fed, courts and schools

UAW calls for a midnight strike at GM pickup truck axle supplier

Rising stablecoin use could cement dollar dominance, ECB’s Schnabel says

Dollar steadies as markets await signals on Iran war, central banks

Asia stocks count on AI boom to offset Gulf risks

South Korea export growth hits four-decade high as chip sales hit record on AI boom

Dell unveils $699 XPS 13 laptop in challenge to Apple’s MacBook Neo

Oil prices rise more than 2% as Israel steps up incursion into Lebanon

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