Business

What to know about Cuba’s economic measures aimed at opening up the island’s economy

Thursday, June 18 by SRN News

HAVANA (AP) - Cuba's Communist Party has approved an emergency economic package featuring unprecedented free-market measures aimed at opening up the struggling island's economy following heightened pressure from the United States. While the full document has not been released, here are some of the proposals,... Read More.

Military jamming disrupted a medical plane’s GPS system before it crashed last month in New Mexico

Thursday, June 18 by SRN News

The GPS system on a small medical plane that crashed into a mountainside last month in New Mexico malfunctioned because the military was jamming that signal throughout the area at the time although pilots had been warned to expect that, according to federal investigators. Four... Read More.

Kardigan surges in Nasdaq debut after upsized $400 million IPO

Thursday, June 18 by SRN News

By Aditi Tiwari and Prakhar Srivastava June 18 (Reuters) - Kardigan's shares rose 31% above their initial public offering price on Thursday after the heart drug developer raised $400 million in an upsized U.S. initial public offering, signaling strong investor appetite for new biotech listings.... Read More.

CME sues US CFTC over letting Kalshi, Coinbase offer perpetual futures

Thursday, June 18 by SRN News

By Jonathan Stempel June 18 (Reuters) - The Chicago Mercantile Exchange sued the U.S. Commodity Futures Trading Commission and its chairman, Michael Selig, on Thursday, challenging a recent decision to let the prediction markets platform Kalshi and cryptocurrency exchange Coinbase list perpetual futures. CME, a unit... Read More.

JPMorgan taps Walter to lead workplace solutions unit as La Padula heads to IRS

Thursday, June 18 by SRN News

June 18 (Reuters) - JPMorgan has tapped insider Ben Walter to oversee the bank's workplace solutions business, according to an internal memo seen by Reuters on Thursday. Walter will replace Vince La Padula, who is leaving after 23 years at the bank to take on... Read More.

Exclusive-Sweden may oppose Tesla’s supervised self-driving tech in Europe over speeding concerns

Thursday, June 18 by SRN News

By Marie Mannes and Abhirup Roy STOCKHOLM/SAN FRANCISCO, June 18 (Reuters) - A Swedish transport authority is recommending a vote against the Europe-wide rollout of Tesla's supervised self-driving software, unless the U.S. EV maker disables its ability to exceed legal speed limits, a regulatory letter... Read More.

Average 30-year U.S. mortgage rate falls to 6.47%, tracking lower bond yields as Iran war winds down

Thursday, June 18 by SRN News

WASHINGTON (AP) - The average long-term U.S. mortgage rate fell this week, tracking Treasury yields that have retreated since a deal to end the war with Iran was announced. The benchmark 30-year fixed rate mortgage rate fell to 6.47% from 6.52% last week, mortgage buyer... Read More.

Inside the colorful, compelling and controversial jersey designs at the World Cup

Thursday, June 18 by SRN News

There will be blood, sweat and tears on players' soccer jerseys at the World Cup - and plenty of deeper cultural and historical meaning, too. Here, The Associated Press runs you through some of the more compelling - and controversial - backstories from the kit... Read More.

Ukrainian drones set a Moscow refinery ablaze in a major attack on the Russian capital

Thursday, June 18 by SRN News

Ukraine struck a major Moscow oil refinery Thursday for a second time in a week, sending huge plumes of black smoke over the capital and disrupting hundreds of flights at its airports in one of its biggest drone attacks since Russia's full-scale invasion over... Read More.

Wall St opens higher as Iran deal optimism offsets hawkish Fed

Thursday, June 18 by SRN News

June 18 (Reuters) - Wall Street's major indexes advanced on Thursday with technology shares leading gains as optimism about a Middle East peace deal offset worries about a hawkish Federal Reserve under new Chair Kevin Warsh. The Dow Jones Industrial Average rose 79.3 points, or... Read More.

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What to know about Cuba’s economic measures aimed at opening up the island’s economy

Military jamming disrupted a medical plane’s GPS system before it crashed last month in New Mexico

Kardigan surges in Nasdaq debut after upsized $400 million IPO

CME sues US CFTC over letting Kalshi, Coinbase offer perpetual futures

JPMorgan taps Walter to lead workplace solutions unit as La Padula heads to IRS

Exclusive-Sweden may oppose Tesla’s supervised self-driving tech in Europe over speeding concerns

Average 30-year U.S. mortgage rate falls to 6.47%, tracking lower bond yields as Iran war winds down

Inside the colorful, compelling and controversial jersey designs at the World Cup

Ukrainian drones set a Moscow refinery ablaze in a major attack on the Russian capital

Wall St opens higher as Iran deal optimism offsets hawkish Fed

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