Business

Blue Origin investigates rocket explosion as public is warned about possible wreckage washing ashore

Friday, May 29 by SRN News

CAPE CANAVERAL, Fla. (AP) - Jeff Bezos' Blue Origin is assessing damage to its launch pad after a rocket exploded during a test firing, creating a giant orange fireball seen and felt for miles around. The company fueled the massive New Glenn rocket Thursday... Read More.

Wall St futures steady as investors await Mideast deal updates; Dell soars

Friday, May 29 by SRN News

By Twesha Dikshit and Utkarsh Hathi May 29 (Reuters) - U.S. stock index futures were steady on Friday, after closing at record highs in the previous session, with markets awaiting details on reports that the U.S. and Iran had reached a deal.... Read More.

China’s low-key presence at Asia defence forum a lost opportunity, Australia says

Friday, May 29 by SRN News

By Raju Gopalakrishnan SINGAPORE, May 29 (Reuters) - China's decision to send only academics to Asia's biggest defence forum is a missed opportunity at a moment when countries need more "strategic reassurance" from Beijing, Australia's defence minister said on Friday. Speaking ahead of the three-day Shangri-La... Read More.

Gap, American Eagle fall as weak apparel demand signals constrained consumer spending

Friday, May 29 by SRN News

By Akriti Shah May 29 - Shares of apparel makers Gap and American Eagle Outfitters dropped 15% and 10%, respectively, in premarket trade on Friday after weak annual forecasts, as consumers curb discretionary spending amid a tough macroeconomic climate. Gap cut its annual sales forecast, while... Read More.

Nomura seeks US fund management acquisitions as part of global expansion

Friday, May 29 by SRN News

By Anton Bridge TOKYO, May 29 (Reuters) - Japan's Nomura Holdings is looking for acquisition targets for its investment management business in the U.S. to build on last year's $1.8 billion buyout of Macquarie's U.S. and European public asset management businesses, its chief executive said... Read More.

Japan spent $73 billion in yen-buying intervention, ministry data shows

Friday, May 29 by SRN News

By Kevin Buckland TOKYO, May 29 (Reuters) - Japanese authorities spent 11.7 trillion yen ($73.5 billion) intervening in foreign exchange markets over the past month to support the yen, but with only limited effect as the currency hovers near the same levels that prompted Tokyo... Read More.

European Commission debates policy shift to protect industry from China

Friday, May 29 by SRN News

By Julia Payne BRUSSELS, May 29 (Reuters) - European commissioners met on Friday to discuss how to shield Europe's industries from surging Chinese imports, and secure alternative supplies of key inputs and critical minerals to reduce the bloc's heavy dependence on China. The European Union's executive... Read More.

Stellantis plays down European scope for JLR and Tata partnerships

Friday, May 29 by SRN News

TURIN, May 29 (Reuters) - Stellantis has no significant plans to expand its recent partnerships with Jaguar Land Rover and Tata Motors to Europe, its Europe chief Emanuele Cappellano said on Friday. The automaker last month announced a series of cooperation agreements under its new... Read More.

Morning Bid: Deal or no deal

Friday, May 29 by SRN News

By Anna Szymanski May 29 (Reuters) - Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers! The holiday-shortened week began - and is ending - on a hopeful note amid apparent... Read More.

Global bonds take wild ride in May as Iran war shocks market

Friday, May 29 by SRN News

By Harry Robertson and Yoruk Bahceli LONDON, May 29 (Reuters) - The Iran war rocked global bond markets again in May, sending yields to multi-decade highs as traders priced in central bank rate hikes - only for signs of progress in peace talks and weak... Read More.

Current Weather

Blue Origin investigates rocket explosion as public is warned about possible wreckage washing ashore

Wall St futures steady as investors await Mideast deal updates; Dell soars

China’s low-key presence at Asia defence forum a lost opportunity, Australia says

Gap, American Eagle fall as weak apparel demand signals constrained consumer spending

Nomura seeks US fund management acquisitions as part of global expansion

Japan spent $73 billion in yen-buying intervention, ministry data shows

European Commission debates policy shift to protect industry from China

Stellantis plays down European scope for JLR and Tata partnerships

Morning Bid: Deal or no deal

Global bonds take wild ride in May as Iran war shocks market

On Air Now

Jimmy Failla

On Air Next

Under The Hood

Political News

Appeals court pauses reinstatement of fired Seattle federal prosecutor

New term gives US Supreme Court’s Thomas and Alito more chances to wield power

Trump To Name Jay Clayton As AI Czar

Trump Speaks To Supporters In Alabama

Trump push to end US clock switching hits dead end