Business

Court orders Ohio restrictions on kids’ use of social media restored

Thursday, June 18 by SRN News

COLUMBUS, Ohio (AP) - Ohio's law requiring children under 16 to get parental consent to use social media apps must be restored, a divided panel of the Sixth Circuit Court of Appeals ruled Thursday. The decision comes as a blow to NetChoice, which has won... Read More.

US tells ASML it is concerned China may have top chip tool, Bloomberg News reports

Thursday, June 18 by SRN News

June 18 (Reuters) - U.S. Commerce Secretary Howard Lutnick outlined concerns to Dutch chip-equipment firm ASML's senior leaders that one of its top-of-the-line machines may have made its way into China, in violation of U.S.-led export restrictions, Bloomberg News reported on Thursday. In a series... Read More.

Oil falls as supply starts moving through Strait of Hormuz

Thursday, June 18 by SRN News

By Helen Clark PERTH, June 19 (Reuters) - Oil prices fell on Friday on the prospect of more supply returning to the market after oil tankers began to move through the Strait of Hormuz following the signing of the U.S.-Iran interim peace deal. Brent crude futures... Read More.

Hyundai to buy SoftBank’s remaining stake in Boston Dynamics for $325 million, newspaper says

Thursday, June 18 by SRN News

SEOUL, June 19 (Reuters) - Hyundai Motor Group plans to buy SoftBank Group's remaining 9.65% stake in Boston Dynamics for $325 million to make the U.S. robotics firm a wholly owned subsidiary, South Korea's Maeil Business Newspaper reported on Friday. Hyundai Motor is expected... Read More.

Vance delays trip to Switzerland to lead new US talks with Iran on its nuclear program

Thursday, June 18 by SRN News

WASHINGTON (AP) - The White House said Thursday night that Vice President JD Vance was delaying a trip to Switzerland to lead a new round of negotiations with Iran over its nuclear program - raising questions about what's next for the tentative agreement... Read More.

Meta signs new AI computing deals with data center firm Crusoe, Bloomberg News reports

Thursday, June 18 by SRN News

June 18 (Reuters) - Meta Platforms has secured new agreements to get AI computing power from data center developer Crusoe, Bloomberg News reported on Thursday, as it strengthens infrastructure required to support its AI expansion. Meta and Crusoe did not immediately respond to Reuters' requests... Read More.

Intel taps industry veteran Seok-Hee Lee to lead foundry packaging push

Thursday, June 18 by SRN News

June 18 (Reuters) - Intel on Thursday named Seok-Hee Lee executive vice president of its contract chip-manufacturing division as it sharpens focus on its advanced packaging business. The American chipmaker has been trying to reinvigorate its manufacturing business under CEO Lip-Bu Tan, after missing out... Read More.

Foreigners bought $103 billion of US securities in April, Treasury holdings rise

Thursday, June 18 by SRN News

By Colin Barr NEW YORK, June 18 (Reuters) - Foreigners bought an estimated $103 billion of U.S. long-term securities in April while boosting their holdings of Treasury securities by $4 billion, the Treasury said on Thursday in its monthly Treasury International Capital report. Among the... Read More.

SpaceX gets investment-grade ratings with stable outlook from top agencies

Thursday, June 18 by SRN News

June 18 (Reuters) - SpaceX on Thursday landed investment-grade credit ratings from Moody's, Fitch and S&P Global Ratings, each assigning a "stable" outlook after the Elon Musk-led company's high-profile initial public offering. The consensus signals broad confidence in SpaceX's financial stability, as the company moves... Read More.

Trading Day: Stocks rally, oil hits pre-Iran-war lows as Strait of Hormuz reopens for business

Thursday, June 18 by SRN News

By Stephen Culp NEW YORK, June 18 (Reuters) - A tech-powered rally boosted U.S. stocks on Thursday, while crude prices dropped as supertankers sailed through the reopened Strait of Hormuz hours after U.S. President Donald Trump signed a peace deal with Iran. With U.S. markets closed... Read More.

Current Weather

US tells ASML it is concerned China may have top chip tool, Bloomberg News reports

Oil falls as supply starts moving through Strait of Hormuz

Hyundai to buy SoftBank’s remaining stake in Boston Dynamics for $325 million, newspaper says

Vance delays trip to Switzerland to lead new US talks with Iran on its nuclear program

Meta signs new AI computing deals with data center firm Crusoe, Bloomberg News reports

Intel taps industry veteran Seok-Hee Lee to lead foundry packaging push

Foreigners bought $103 billion of US securities in April, Treasury holdings rise

SpaceX gets investment-grade ratings with stable outlook from top agencies

Trading Day: Stocks rally, oil hits pre-Iran-war lows as Strait of Hormuz reopens for business

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