Business

Exclusive-UniCredit turned to CEO Orcel’s brother to broker Russia sale

Thursday, June 18 by SRN News

By Valentina Za, Elvira Pollina and John O'Donnell MILAN/FRANKFURT, June 18 (Reuters) - Riccardo Orcel, a former senior banker at Russian state-backed bank VTB Group and brother of UniCredit CEO Andrea Orcel, helped broker a recent agreement to sell the Italian bank's Russia business. His previously... Read More.

FDA panel considers a first-of-its-kind flu vaccine using mRNA technology

Thursday, June 18 by SRN News

WASHINGTON (AP) - U.S. health advisers are debating a new kind of flu vaccine Thursday, the first made with the same mRNA technology that was key to ending the COVID-19 pandemic. Moderna is seeking Food and Drug Administration approval of its new shot, dubbed mFlusiva,... Read More.

Architect Labs raises $24 million to take on Broadcom, Marvell custom chip business

Thursday, June 18 by SRN News

By Max A. Cherney SAN FRANCISCO, June 18 (Reuters) - Architect Labs said on Thursday it had raised $24 million in seed funding to build a company that will use artificial intelligence to speed and ease the design of custom chips. American chip giant Broadcom and... Read More.

Wall St futures bounce back as US-Iran deal optimism balances hawkish Fed; Intel up

Thursday, June 18 by SRN News

(Corrects days of the week throughout the text) June 18 (Reuters) - U.S. stock index futures rebounded on Thursday after the previous session's selloff as optimism about a Middle East peace deal lifted shares of technology firms including Intel, tempering worries about a hawkish Federal... Read More.

US banks to make final push on capital rule changes as Fed wraps up consultation

Thursday, June 18 by SRN News

By Pete Schroeder and Nupur Anand WASHINGTON, June 18 (Reuters) - Large U.S. banks on Thursday will formally pitch the central bank on tweaks to a Federal Reserve proposal aimed at reducing the funds they must set aside to absorb potential losses, as the central... Read More.

Qantas plans a 22-hour London-Sydney nonstop flight, set for October next year

Thursday, June 18 by SRN News

MELBOURNE, Australia (AP) - Qantas Airways plans to launch the world's longest direct flight next year, a service of up to 22 hours nonstop between London and Sydney. The Sydney-based airline on Thursday unveiled the first of its specially-modified Airbus A350-1000 jets that will regularly... Read More.

Waymo to recall over 3,800 robotaxis over risk of entering closed construction zones, NHTSA says

Thursday, June 18 by SRN News

June 18 (Reuters) - Waymo is recalling 3,871 robotaxis in the U.S. after identifying a software issue that could likely cause the vehicles to enter a closed freeway construction zone and continue driving at speed, the National Highway Traffic Safety Administration said on Thursday. The... Read More.

Analysis-Investors brace for less predictable Fed as Warsh rewrites playbook

Thursday, June 18 by SRN News

By Lewis Krauskopf and Laura Matthews NEW YORK, June 18 (Reuters) - The Kevin Warsh era at the Federal Reserve began with a jolt on Wall Street, with investors bracing for sharp moves as the central bank pulls back from signaling possible future interest rate... Read More.

Maserati refreshes lineup ahead of expected strategic reset for luxury brand

Thursday, June 18 by SRN News

MILAN, June 18 (Reuters) - Maserati on Thursday presented revamped versions of its GranTurismo, GranCabrio and Grecale models, ahead of a key capital markets day in December aimed at setting a new course for the struggling Stellantis luxury brand. Outlining Stellantis' business plan last... Read More.

Citigroup pushes back Fed rate-cut timeline amid rising hawkishness

Thursday, June 18 by SRN News

June 18 (Reuters) - Citigroup has pushed back its expectation for the U.S. Federal Reserve cutting interest rates by one month, citing a more hawkish turn from Fed officials. The Wall Street firm now forecasts cuts in October and December 2026, followed by one in... Read More.

Current Weather

Exclusive-UniCredit turned to CEO Orcel’s brother to broker Russia sale

FDA panel considers a first-of-its-kind flu vaccine using mRNA technology

Architect Labs raises $24 million to take on Broadcom, Marvell custom chip business

Wall St futures bounce back as US-Iran deal optimism balances hawkish Fed; Intel up

US banks to make final push on capital rule changes as Fed wraps up consultation

Qantas plans a 22-hour London-Sydney nonstop flight, set for October next year

Waymo to recall over 3,800 robotaxis over risk of entering closed construction zones, NHTSA says

Analysis-Investors brace for less predictable Fed as Warsh rewrites playbook

Maserati refreshes lineup ahead of expected strategic reset for luxury brand

Citigroup pushes back Fed rate-cut timeline amid rising hawkishness

On Air Now

Noble McIntyre LEGAL TALK

On Air Next

Steve Moore

Political News

Trump extols America, rails at communism in US 250th celebration

Trump pardons 11, most for violating Clean Air Act

Supreme Court’s Barrett fuels conservative wins while sometimes splitting with Trump

Trump got the Senate candidates he wanted. How much will he spend to help them?

Democratic governors press US Postal Service to drop plan tied to Trump’s election order