Business

Tech executives to attend G7 summit as leaders address AI, online safety

Friday, June 12 by SRN News

PARIS, June 12 (Reuters) - AI executives from Anthropic, OpenAI, Google and Mistral AI are expected to attend next week's G7 summit, said officials from France, which is crafting an agenda aimed at discussing the world's crises and broad economic challenges. • Here's a... Read More.

Morning Bid: Chips and ships

Friday, June 12 by SRN News

By Anna Szymanski June 12 (Reuters) - From the Editor Hello Morning Bid readers! It was a stop-and-start kind of week both on Wall Street and in the Gulf, as tech stocks wavered heading into the historic IPO from Elon Musk's SpaceX and fresh fighting... Read More.

US summer driving season hits as gasoline supplies squeezed tight

Friday, June 12 by SRN News

By Nicole Jao NEW YORK, June 11 (Reuters) - U.S. vacationers are barreling into peak summer driving season just as the gasoline market faces a supply crunch, with resilient domestic demand and surging fuel exports threatening to strain thin inventories and send pump prices climbing. Surging... Read More.

Elon Musk could become the world’s first trillionaire with SpaceX’s IPO

Friday, June 12 by SRN News

NEW YORK (AP) - Elon Musk may never colonize Mars as promised, but enough investors consider the SpaceX founder to be a sort of miracle man that they'll help him reach another fantastic goal Friday when he takes the rocket company public. The world's richest... Read More.

Global equity funds draw third weekly inflow as investors buy the dip

Friday, June 12 by SRN News

June 12 (Reuters) - Global equity funds drew inflows for a third straight week, as investors used a market selloff to add exposure to technology stocks on expectations the AI-driven rally will continue. Investors bought a net $3.32 billion of global equity funds in the... Read More.

Europe’s top carmakers urge simple ‘Made in Europe’ rules

Friday, June 12 by SRN News

MILAN, June 12 (Reuters) - Automakers Volkswagen, Stellantis and Renault, which account for about 60% of Europe's car output, are urging the EU to adopt a simple "Made in Europe" rule and stronger incentives to boost local production. In a joint... Read More.

Newly led Fed poses markets wildcard for rockier US indexes

Friday, June 12 by SRN News

By Lewis Krauskopf NEW YORK, June 12 (Reuters) - A suddenly rocky U.S. stock market confronts a potential wildcard next week: A newly led Federal Reserve at a time investors are worried that interest rate hikes to fight inflation could dampen enthusiasm for equities. Investors are... Read More.

Pentagon reviews are blocking wind farms, putting jobs at risk, lawsuit says

Friday, June 12 by SRN News

Renewable energy groups are suing the U.S. military because they say national security reviews for new wind farms on private land have been effectively frozen for months. The groups say this logjam jeopardizes $47 billion in investments and thousands of jobs in 21 states. President... Read More.

Crypto exchanges cash in on SpaceX frenzy with pre-IPO derivatives

Friday, June 12 by SRN News

By Elizabeth Howcroft PARIS, June 11 (Reuters) - Before SpaceX goes public, crypto exchanges are giving traders a way to make risky bets on the company's future share price. Billions of dollars have flowed into instruments dubbed "pre-IPO perpetual futures", which have no direct link to... Read More.

Exclusive-U.S. bank regulators ramp up scrutiny of AI use at financial companies

Friday, June 12 by SRN News

By Nupur Anand NEW YORK, June 12 (Reuters) - U.S. banking regulators are stepping up scrutiny of how lenders deploy artificial intelligence as the developing technology sweeps through the industry, pressing firms on everything from data access and governance controls to risks posed by third-party... Read More.

Current Weather

Tech executives to attend G7 summit as leaders address AI, online safety

Morning Bid: Chips and ships

US summer driving season hits as gasoline supplies squeezed tight

Elon Musk could become the world’s first trillionaire with SpaceX’s IPO

Global equity funds draw third weekly inflow as investors buy the dip

Europe’s top carmakers urge simple ‘Made in Europe’ rules

Newly led Fed poses markets wildcard for rockier US indexes

Pentagon reviews are blocking wind farms, putting jobs at risk, lawsuit says

Crypto exchanges cash in on SpaceX frenzy with pre-IPO derivatives

Exclusive-U.S. bank regulators ramp up scrutiny of AI use at financial companies

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