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Commodities
Goldman raises 2H25 copper price forecast on tariff-driven supply risks, China demand
Goldman Sachs forecasts copper price rise due to US tariffs, China demandTrump administration may impose 25% tariffs on copper importsCopper prices expected to peak at $10,050 in August, then ease by December June 25 (Reuters) - Goldman Sachs GS.N expects copper prices to rise in the second half ...Reuters
Wed, Jun 25
Commodities
Black Lion submits $8 billion cash bid for Citgo's parent
Court officer to recommend auction's winner by July 2Judge Stark instructed advisors to prioritize price over certainty of closureResolution of parallel cases might have encouraged new biddersBy Marianna Parraga HOUSTON, June 25 (Reuters) - Black Lion Citgo Group, a consortium led by private ...Reuters
Wed, Jun 25
Stocks
FedEx shares fall as trade turbulence hits demand, profit forecast
Company seen as a barometer of the US economyJP Morgan says lack of guidance a 'negative surprise'China-US trade friction hurts company's China air businessBy Rashika Singh and Utkarsh Shetti June 25 (Reuters) - FedEx FDX.N shares fell as much as 5.8% on Wednesday after the parcel...Reuters
Wed, Jun 25
Cryptocurrencies
Regulator orders Fannie, Freddie to consider crypto holdings in loan assessments
By Hannah Lang June 25 (Reuters) - The regulator overseeing Fannie Mae and Freddie Mac on Wednesday ordered the housing giants to consider cryptocurrency as an asset for single-family mortgage loan risk assessments, a move that could potentially open the door to borrowers using crypto investments...Reuters
Wed, Jun 25
Commodities
EXCLUSIVE-US allows ethane to be loaded and shipped to China, but not unloaded, letter says
By Karen Freifeld June 25 (Reuters) - The U.S. sent letters to Enterprise Products EPD.N and Energy Transfer ET.N on Wednesday informing the companies they could load ethane on vessels destined for China but could not unload the ethane in China without authorization, according to a person familia...Reuters
Wed, Jun 25
Cryptocurrencies
Bank of Russia pitches new dates for digital ruble launch
The Central Bank of Russia has come up with new deadlines for the adoption of the digital ruble, following President Putin’s recent call for its widespread use. Various operations with the digital version of the national fiat will be introduced in stages, the monetary authority said, asking Russian lawmakers to approve the updated timetable. Bank […]Cryptopolitan
Wed, Jun 25
Stocks
Nvidia hits record high as analyst predicts AI 'Golden Wave'
By Noel RandewichJune 25 (Reuters) - Nvidia's NVDA.O stock hit a record high on Wednesday, and the chipmaker reclaimed the crown as the world's most valuable company after an analyst said the chipmaker was set to ride a "Golden Wave" of artificial intelligence.Shares of the Santa Cla...Reuters
Wed, Jun 25
Other
Tennis-Moutet hits six underarm serves in Mallorca win over Altmaier
June 25 (Reuters) - French trickster Corentin Moutet hit six underarm serves on his way to a second-round victory over Germany's Daniel Altmaier at the Mallorca Open grasscourt event on Wednesday.Moutet, who is not averse to trying his luck with the underarm serve, won three and lost three of th...Reuters
Wed, Jun 25
Cryptocurrencies
Defense Stocks Skyrocket Amid Explosive Iran-US Clash—Savvy Investors Pivot to Best Crypto Presale Neo Pepe Coin ($NEOP)
Dramatic Escalation Fires Markets Ablaze The recent escalation between Iran and the United States has caused waves in world markets, immediately affecting defense stocks and investor attitudes. Following a significant U.S. military strike aiming at Iranian nuclear facilities—including prominent sites in Fordow, Isfahan, and Natanz—the geopolitical temperature increased dramatically. Dubbed “Midnight Hammer,” the operation […]Cryptopolitan
Wed, Jun 25
Other
Trump cannot end union bargaining for federal workers, judge rules
By Daniel Wiessner and Nate Raymond June 24 (Reuters) - A federal judge on Tuesday blocked Republican President Donald Trump's administration from eliminating union bargaining for hundreds of thousands of federal workers at 21 agencies.U.S. District Judge James Donato in San Francisco agreed ...Reuters
Wed, Jun 25
Commodities
US proposes Gulf of Mexico oil and gas lease sale in December
June 25 (Reuters) - The Trump administration is proposing to hold a sale of oil and gas drilling rights on 80 million acres (32.4 million hectares)in the Gulf of Mexico on December 10 with lower deepwater royalty rates, according to the U.S. Bureau of Ocean Energy Management.President Donald Trump i...Reuters
Wed, Jun 25
Commodities
US Cash Crude-Midland, Mars weaken on final day of roll trade
June 25 (Reuters) - Cash prices for WTI Midland WTC-WTM, a key sweet grade in the U.S., stayed at their weakest since October 2021 on Wednesday, the final day of the cash roll trade, dealers said. WTI Midland WTC-WTM was little changed at a midpoint of a 15-cent discount to U.S. crude futures CLc1. ...Reuters
Wed, Jun 25
Other
OpenAI CEO Altman says he spoke with Microsoft CEO about future partnership, NYT reports
June 25 (Reuters) - OpenAI chief executive Sam Altman had a call with Microsoft MSFT.O CEO Satya Nadella on Monday and discussed their future working partnership, Altman said in a New York Times podcast on Tuesday.Earlier this month, the Wall Street Journal reported that Microsoft, the AI startup...Reuters
Wed, Jun 25
Other
Global vaccine group Gavi secures $9 billion after funding summit
LONDON, June 25 (Reuters) - Global vaccine group Gavi has secured $9 billion for its work over the next five years helping to immunize the world's poorest children, its board chair, Jose Manuel Barroso, said on Wednesday. The group announced the total at the end of a fundraising summit in Bruss...Reuters
Wed, Jun 25
Other
EU Commission to propose dedicated defence and space investment in new fund
BRUSSELS, June 25 (Reuters) - The European Commission will propose dedicating part of a new European Competitiveness Fund to resilience, defence and space, the EU executive's leadership said on Wednesday. The Commission is expected to put forward a plan for a competitiveness fund to invest in st...Reuters
Wed, Jun 25
Other
Tennis-Teenager Andreeva ousts Tauson in three sets for Bad Homburg quarter-final spot
BAD HOMBURG, Germany, June 25 (Reuters) - Third seed Mirra Andreeva survived a first set slip-up to battle past Denmark's Clara Tauson 3-6 6-3 6-1 on Wednesday for a spot in the Bad Homburg Open quarter-finals.With Wimbledon starting on Monday, Russian teenager Andreeva got a 109-minute workout ...Reuters
Wed, Jun 25
