Business

You can ignore AI giants like SpaceX, but your 401(k) won’t

Saturday, June 13 by SRN News

NEW YORK (AP) - While you might want to ignore all the hubbub around SpaceX, Elon Musk and IPOs, your 401(k) likely can't. SpaceX is now worth $2.1 trillion after its stock launched 19.2% higher in its debut on Wall Street. Whether or not you... Read More.

Mag 7? MANGOS? SpaceX forces name rethink on Wall Street’s tech-stock moniker

Saturday, June 13 by SRN News

By Shashwat Chauhan June 13 (Reuters) - SpaceX roared into markets this past week with a valuation of more than $2 trillion, surpassing two members of Wall Street's "Magnificent Seven" and raising a key question: Does the Mag 7 name still fit? And if not,... Read More.

Exclusive-Tata’s iPhone parts factory contaminated farmland water, India pollution body alleges

Saturday, June 13 by SRN News

By Munsif Vengattil and Aditya Kalra BENGALURU, June 13 (Reuters) - An Indian pollution regulator has alleged wastewater discharged from a Tata components factory for Apple's iPhone has contaminated the groundwater for nearby farms and warned of a forced shutdown unless Tata gives a satisfactory... Read More.

Gold fever sends some vintage luxury watches to the melting furnace

Saturday, June 13 by SRN News

By Alessandro Parodi and Ben Makori LONDON, June 13 (Reuters) - Omega's Constellation watch has been flashed in campaigns, movies and at the Met Gala by stars like George Clooney and Nicole Kidman, turning it into a symbol of luxury and glamour. But with gold prices... Read More.

China ‘strongly dissatisfied’ with Pentagon move against top Chinese tech firms

Friday, June 12 by SRN News

BEIJING, June 13 (Reuters) - China is "strongly dissatisfied" with a U.S. move to add several large Chinese companies to the Pentagon's list of firms it says are aiding China's military, the commerce ministry said on Saturday. The foreign ministry has also expressed concern about... Read More.

Anthropic says it has taken its latest AI models offline to comply with new export controls

Friday, June 12 by SRN News

WASHINGTON (AP) - AI giant Anthropic said Friday it has taken its latest artificial intelligence models, known as Fable 5 and Mythos 5, offline to comply with a directive from the Trump administration to prevent their use by foreign nationals. The export controls mark the... Read More.

A coalition sues to block Kentucky’s new 14.25% prediction markets tax

Friday, June 12 by SRN News

FRANKFORT, Ky. (AP) - A coalition that includes Kalshi, Crypto.com and Polymarket filed a lawsuit Friday challenging Kentucky's first-in-the-nation excise tax on prediction markets. The Kentucky General Assembly in April enacted a 14.25% tax on prediction market operators' transaction fees, a levy the lawsuit... Read More.

Retail investors build big dreams on small slices of SpaceX

Friday, June 12 by SRN News

By Suzanne McGee, Akash Sriram and Manya Saini NEW YORK, June 12 (Reuters) - Individual investors eager for a piece of SpaceX's mega IPO on Friday scrutinized their e-mail inboxes and brokerage accounts to see just how big a slice of the pie they received... Read More.

Paramount Skydance merger with Warner Bros. Discovery won’t harm competition, consumers, DOJ says

Friday, June 12 by SRN News

An investigation by the U.S. Justice Department into Paramount Skydance's proposed acquisition of Warner Bros. Discovery has determined that the mammoth Hollywood media merger is not likely to harm competition in the industry or be harmful for consumers. The agency said Friday that it closed... Read More.

With smooth SpaceX debut, Wall Street sets new template for mega IPOs

Friday, June 12 by SRN News

By Anirban Sen, Nivedita Balu and Saeed Azhar NEW YORK, June 12 (Reuters) - A collective sigh of relief swept across Wall Street after trading for SpaceX's landmark Nasdaq launch went smoothly, setting a new template for the trading firms and exchanges that are bracing... Read More.

Current Weather

You can ignore AI giants like SpaceX, but your 401(k) won’t

Mag 7? MANGOS? SpaceX forces name rethink on Wall Street’s tech-stock moniker

Exclusive-Tata’s iPhone parts factory contaminated farmland water, India pollution body alleges

Gold fever sends some vintage luxury watches to the melting furnace

China ‘strongly dissatisfied’ with Pentagon move against top Chinese tech firms

Anthropic says it has taken its latest AI models offline to comply with new export controls

A coalition sues to block Kentucky’s new 14.25% prediction markets tax

Retail investors build big dreams on small slices of SpaceX

Paramount Skydance merger with Warner Bros. Discovery won’t harm competition, consumers, DOJ says

With smooth SpaceX debut, Wall Street sets new template for mega IPOs

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