Business

US stocks open higher, spotlight on Fed

Wednesday, June 17 by SRN News

June 17 (Reuters) - The main U.S. stock indexes opened higher on Wednesday, as chip stocks rebounded ahead of the first interest rate decision under new Federal Reserve Chair Kevin Warsh. At 09:30 a.m. ET, the Dow Jones Industrial Average rose 11.12 points, or 0.02%,... Read More.

BBC to cut 550 jobs in cost-saving drive, including news division layoffs

Wednesday, June 17 by SRN News

LONDON, June 17 (Reuters) - Britain's BBC public service broadcaster will cut 550 jobs, including in its news and content divisions, it said on Wednesday, as part of plans under new director-general Matt Brittin to save £500 million over the next three years. The BBC... Read More.

US business inventories increase as expected in April

Wednesday, June 17 by SRN News

WASHINGTON, June 17 (Reuters) - U.S. business inventories increased strongly in April, suggesting that inventory investment could contribute to economic growth in the second quarter. Inventories rose 0.5% after advancing 1.0% in March, the Commerce Department's Census Bureau said on Wednesday. The increase in inventories,... Read More.

Ray-Ban heir Leonardo Maria Del Vecchio steps into the spotlight

Wednesday, June 17 by SRN News

By Elisa Anzolin MILAN, June 17 (Reuters) - Leonardo Maria Del Vecchio, a son of the late founder of EssilorLuxottica, is seeking the financing for a deal to make him the largest shareholder in family holding company Delfin, the top investor in the $100 billion... Read More.

Morning Bid: Welcome to the Warsh era

Wednesday, June 17 by SRN News

By Anna Szymanski June 17 (Reuters) - What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest Global stocks were steady on Wednesday as markets awaited new Federal Reserve Chair Kevin Warsh's debut meeting at the helm of the U.S. central... Read More.

CarMax tops first-quarter revenue estimates on higher prices, wholesale demand

Wednesday, June 17 by SRN News

June 17 (Reuters) - CarMax topped revenue estimates for the first quarter on Wednesday, helped by higher used-vehicle prices and stronger wholesale demand. Shares of the Richmond, Virginia-based company rose more than 5% in premarket trade. Used-car companies have struggled to maintain margins as affordability... Read More.

Canada’s Carney isn’t having a bilateral meeting with Trump at G7 but says it’s not a snub

Wednesday, June 17 by SRN News

EVIAN-LES-BAINS, France (AP) - Canadian Prime Minister Mark Carney will leave the G7 summit on Wednesday without a formal meeting with U.S. President Donald Trump as the free-trade agreement between their countries faces an uncertain future. Canadian leaders typically get a bilateral meeting with American... Read More.

S&P, Nasdaq futures inch up ahead of Warsh’s debut meeting

Wednesday, June 17 by SRN News

By Sruthi Shankar and Twesha Dikshit June 17 (Reuters) - S&P 500 and Nasdaq futures edged higher on Wednesday, as chip stocks rebounded ahead of the first interest rate decision under new Federal Reserve Chair Kevin Warsh. Wall Street indexes ended mixed on Tuesday following a... Read More.

CME names insider Lynne Fitzpatrick CEO, succeeding longtime chief Duffy

Wednesday, June 17 by SRN News

June 17 (Reuters) - Exchange operator CME Group on Wednesday named insider Lynne Fitzpatrick its next CEO, to succeed longtime chief Terry Duffy, who will become executive chairman. Duffy, who was appointed chairman in 2002 and has led CME for more than 25 years, will... Read More.

Save on gas with these five Edmunds-recommended used plug-in hybrid vehicles

Wednesday, June 17 by SRN News

Are you looking to buy a vehicle that will help you avoid today's high gas prices? A plug-in hybrid electric vehicle might be the answer. These are hybrid vehicles that drive like a regular hybrid but have a rechargeable battery that lets you drive... Read More.

Current Weather

US stocks open higher, spotlight on Fed

BBC to cut 550 jobs in cost-saving drive, including news division layoffs

US business inventories increase as expected in April

Ray-Ban heir Leonardo Maria Del Vecchio steps into the spotlight

Morning Bid: Welcome to the Warsh era

CarMax tops first-quarter revenue estimates on higher prices, wholesale demand

Canada’s Carney isn’t having a bilateral meeting with Trump at G7 but says it’s not a snub

S&P, Nasdaq futures inch up ahead of Warsh’s debut meeting

CME names insider Lynne Fitzpatrick CEO, succeeding longtime chief Duffy

Save on gas with these five Edmunds-recommended used plug-in hybrid vehicles

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