Business

Average US long-term mortgage rate rises to 6.52%, just below its high for the year

Thursday, June 11 by SRN News

The average long-term U.S. mortgage rate ticked up this week to just below its high for the year, the latest sign that borrowing costs on home loans remain elevated relative to where they were before the war with Iran started. The benchmark 30-year fixed rate... Read More.

Brazil reports drop in Amazon deforestation rates, pushing back on US tariff accusations

Thursday, June 11 by SRN News

SAO PAULO (AP) - Brazilian officials on Thursday announced a sharp drop in deforestation rates, pushing back on one of the arguments that the Trump administration used last week to justify additional tariffs on the South American country. In May, Amazon deforestation was 61.4% lower... Read More.

World Bank cuts global growth outlook to 2.5%, warns of drop to 1.3% if war fallout spreads to markets

Thursday, June 11 by SRN News

By Andrea Shalal WASHINGTON, June 11 (Reuters) - The World Bank on Thursday cut its global growth forecast for 2026 to 2.5% due to the war in the Middle East, and said growth could slow to just 1.3% if energy supply disruptions prove more severe... Read More.

Mother sues OpenAI, alleging ChatGPT encouraged daughter’s suicide

Thursday, June 11 by SRN News

By Diana Novak Jones June 11 (Reuters) - A Canadian mother sued OpenAI and its CEO Sam Altman in U.S. court on Thursday alleging that ChatGPT encouraged her daughter to commit suicide, the latest lawsuit to accuse the company of failing to address dangerous conversations... Read More.

Wall St ticks up as chips rebound, Middle East in focus

Thursday, June 11 by SRN News

By Joel Jose and Twesha Dikshit June 11 (Reuters) - Wall Street's major indexes inched higher on Thursday, as investors sought bargains in beaten-down technology stocks and kept a close watch on developments around the Middle East conflict. Chipmakers bounced back after Wednesday's selloff... Read More.

SpaceX IPO draws more than $70 billion in retail orders, Bloomberg News reports

Thursday, June 11 by SRN News

June 11 (Reuters) - Elon Musk's SpaceX has drawn more than $70 billion in orders from retail investors for its blockbuster initial public offering, Bloomberg News reported on Thursday, citing people familiar with the matter. Retail investors are expected to be allocated at least... Read More.

Embraer hails growing jet backlog, sees main E2 engine issues solved

Thursday, June 11 by SRN News

By Gabriel Araujo SAO JOSE DOS CAMPOS, Brazil, June 11 (Reuters) - Brazilian planemaker Embraer said on Thursday its commercial aviation unit has a backlog of more than $15 billion and that the main engine issues affecting its next-generation E2 jets have now been resolved. •... Read More.

Zelle to expand peer-to-peer payment service to India this year

Thursday, June 11 by SRN News

NEW YORK (AP) - Peer-to-peer payment service Zelle will expand to India later this year, the payment service's first international market since the payment service launched nearly a decade ago. Early Warning Services, the operator of the Zelle network, said it was choosing India... Read More.

Citing fallout from Iran war, World Bank cuts forecast for global economic growth

Thursday, June 11 by SRN News

WASHINGTON (AP) - The economic fallout from the Iran war - higher energy prices and increased uncertainty - will drag down global growth this year, the World Bank said Thursday. The 189-country anti-poverty agency expects the world economy to grow just 2.5% this year, its... Read More.

Volkswagen to reduce workforce by 19,000 by end of year, CEO says

Thursday, June 11 by SRN News

BERLIN, June 11 (Reuters) - Volkswagen is pressing ahead with sweeping job cuts and cost reductions in Germany as planned, shrinking its workforce by 19,000 by the end of the year, CEO Oliver Blume is set to tell investors at the upcoming AGM. More than... Read More.

Current Weather

Average US long-term mortgage rate rises to 6.52%, just below its high for the year

Brazil reports drop in Amazon deforestation rates, pushing back on US tariff accusations

World Bank cuts global growth outlook to 2.5%, warns of drop to 1.3% if war fallout spreads to markets

Mother sues OpenAI, alleging ChatGPT encouraged daughter’s suicide

Wall St ticks up as chips rebound, Middle East in focus

SpaceX IPO draws more than $70 billion in retail orders, Bloomberg News reports

Embraer hails growing jet backlog, sees main E2 engine issues solved

Zelle to expand peer-to-peer payment service to India this year

Citing fallout from Iran war, World Bank cuts forecast for global economic growth

Volkswagen to reduce workforce by 19,000 by end of year, CEO says

On Air Now

The Todd Herman Show

On Air Next

The Kliff Davis Show

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