Business

Bank of Japan set to hike rates to 31-year high, drop hawkish signals

Thursday, June 11 by SRN News

By Leika Kihara TOKYO, June 12 (Reuters) - The Bank of Japan is set to raise interest rates to a 31-year high next week and signal its readiness to keep pushing up borrowing costs, undeterred by the absence of its governor as it focuses on... Read More.

Oil extends losses as Trump calls off planned strikes on Iran

Thursday, June 11 by SRN News

(Corrects paragraph 2 to say prices fell, not rose) June 12 (Reuters) - Oil prices fell on Friday, extending losses from the previous session after U.S. President Donald Trump canceled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier... Read More.

Dollar steadies on ceasefire prospects, PPI eases pressure on Fed

Thursday, June 11 by SRN News

By Gregor Stuart Hunter HONG KONG, June 12 (Reuters) - The dollar found its footing in early trading on Friday, after sliding to its weakest in a week as traders parsed reports that a ceasefire deal in the Middle East could be imminent. Against the yen,... Read More.

Trading Day: Peace beckons … again

Thursday, June 11 by SRN News

By Jamie McGeever ORLANDO, Florida, June 11 (Reuters) - Wall Street staged its biggest bounce in two months on Thursday, and oil and bond yields tumbled, after U.S. President Donald Trump canceled planned strikes on Iran and said a peace deal could be signed as... Read More.

Elliott mulls $2.67 billion takeover of UK’s The Very Group, Sky News reports

Thursday, June 11 by SRN News

June 11 (Reuters) - U.S.-based investment firm Elliott Advisors has joined bidders considering a takeover of The Very Group in a deal that could value the British online retailer at £2 billion ($2.67 billion), Sky News reported on Thursday. Here are... Read More.

US stocks jump to their best day in 2 months on hopes for a deal to get crude flowing globally again

Thursday, June 11 by SRN News

NEW YORK (AP) - U.S. stocks rallied to their best day in two months, and oil prices fell Thursday after President Donald Trump called off his threat to bomb Iran in the evening. That raised hopes for a potential deal that could get... Read More.

Musk’s SpaceX raises $75 billion in largest IPO ever

Thursday, June 11 by SRN News

June 11 (Reuters) - Elon Musk's SpaceX raised the $75 billion it targeted in a hotly awaited IPO on Thursday, selling shares at a fixed price of $135 that valued the space, satellite and AI company at $1.77 trillion. The largest ever IPO cements SpaceX's... Read More.

Lennar sees third quarter deliveries below estimates as housing market stays sluggish

Thursday, June 11 by SRN News

June 11 (Reuters) - Lennar forecast third-quarter home deliveries below Wall Street estimates on Thursday amid a persistently weak U.S. housing market, sending its shares down 3.2% after the bell. Single-family homebuilders like Lennar have been grappling with slowing sales as weak consumer confidence, job... Read More.

SpaceX IPO makes Elon Musk the world’s first trillionaire

Thursday, June 11 by SRN News

By Manya Saini and Niket Nishant June 11 (Reuters) - Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has made him... Read More.

Argentina’s inflation slows to 8-month low in a boost for President Milei

Thursday, June 11 by SRN News

BUENOS AIRES, Argentina (AP) - Argentina's inflation slowed for the second straight month in May, economic data released Thursday showed, providing some welcome news for President Javier Milei after almost a year of stubbornly persistent price increases that threatened to undermine the libertarian leader's... Read More.

Current Weather

Bank of Japan set to hike rates to 31-year high, drop hawkish signals

Oil extends losses as Trump calls off planned strikes on Iran

Dollar steadies on ceasefire prospects, PPI eases pressure on Fed

Trading Day: Peace beckons … again

US stocks jump to their best day in 2 months on hopes for a deal to get crude flowing globally again

Musk’s SpaceX raises $75 billion in largest IPO ever

Lennar sees third quarter deliveries below estimates as housing market stays sluggish

SpaceX IPO makes Elon Musk the world’s first trillionaire

Argentina’s inflation slows to 8-month low in a boost for President Milei

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