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Commodities
CBOT corn ends mixed; July dips while back months climb
CHICAGO, June 17 (Reuters) - Chicago Board of Trade corn futures ended mostly higher following advances in wheat Wv1 and crude CLc1 oil but the benchmark front July corn contract CN25 ended lower, losing ground to back months on spreads.CBOT July corn CN25 settled down 3-1/4 cents at $4.31-1/2 per b...Reuters
Tue, Jun 17
Other
Elon Musk's X sues New York to block social media hate speech law
X says Stop Hiding Hate Act violates First AmendmentLegislative sponsors expressed worry about democracyNew York attorney general not available for commentBy Jonathan Stempel NEW YORK, June 17 (Reuters) - Elon Musk's X Corp sued New York on Tuesday, challenging the constitutionality of a ...Reuters
Tue, Jun 17
Stocks
Why Plug Power Stock Is Plummeting Today
Plug Power (NASDAQ: PLUG) stock is getting hit with a round of big sell-offs in Tuesday's trading. The hydrogen fuel cell company's share price was down 18.1% as of 3:30 p.m. ET. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) was down 0.8%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was down 0.9%.Plug ...The Motley Fool
Tue, Jun 17
Other
Weightwatchers’ Reorganization Plan Confirmed
June 17 (Reuters) - WW International Inc WGHTQ.PK:WEIGHTWATCHERS’ REORGANIZATION PLAN CONFIRMED, CLEARS PATH FOR ELIMINATION OF MAJORITY OF LEGACY DEBT BURDEN AND EXECUTION OF TRANSFORMATION PLANWW INTERNATIONAL INC - COURT-APPROVED PLAN TO REDUCE WEIGHTWATCHERS' DEBT BY ABOUT $1.15 BILLIONWW IN...Reuters
Tue, Jun 17
Other
EXCLUSIVE-Musk's xAI is on track to raise $5 billion in fresh debt, following modest demand
By Matt Tracy, Echo Wang and Davide Barbuscia NEW YORK, June 17 (Reuters) - Elon Musk's xAI is on track to close on a $5 billion debt raise led by Morgan Stanley, despite tepid investor demand, according to two people familiar with the matter.The $5 billion debt sale, which includes a floatin...Reuters
Tue, Jun 17
Cryptocurrencies
Elon’s xAI is burning over $1 billion every month and plans to spend $13 billion in 2025
Elon’s AI startup xAI is torching through money at a speed that would bankrupt most companies in months. The company is trying to raise $9.3 billion in a mix of debt and equity, but even before locking that down, more than half of it is already earmarked to be spent in just three months, based […]Cryptopolitan
Tue, Jun 17
Other
Small business seeks early Supreme Court review of Trump’s tariffs
Two courts have ruled against Trump's tariffsTariffs remain in place while Trump administration appealsSmall business says US Supreme Court should speed appealsBy Dietrich Knauth June 17 (Reuters) - A small business on Tuesday asked the U.S. Supreme Court to decide the legality of President D...Reuters
Tue, Jun 17
Commodities
Russia says Israeli attacks on Iran are illegal, notes Iran's commitment to NPT
June 17 (Reuters) - Russia's Foreign Ministry denounced on Tuesday continued Israeli attacks on Iran as illegal and said a solution to the conflict over Tehran's nuclear programme could only be found through diplomacy."The continuing intensive attacks by Israel on Iran's peaceful nuc...Reuters
Tue, Jun 17
Commodities
Health Rounds: Weight-loss surgery more effective than drugs in real world study
By Nancy LapidJune 17 (Reuters) - Hello Health Rounds Readers! Today we feature a real world study that found weight-loss surgery is still more effective at shedding pounds than widely used GLP-1 drugs. We also highlight early data on two potentially useful diagnostic techniques - one for detecting ...Reuters
Tue, Jun 17
Stocks
Defense stocks outperform broader market amid Iran/Israel fighting
** Shares in defense companies outperforming broader market on Tuesday and were biggest gainers in the S&P 500 industrials index .SPLRCI as conflict between Israel and Iran reached fifth day and the U.S. considered whether to deepen involvement** Trading in defense stocks has been choppy since I...Reuters
Tue, Jun 17
Stocks
GLOBAL MARKETS-Wall Street edges lower, oil climbs as Middle East conflict grinds on
Crude prices keep climbing on Iran-Israel fightingTrump says Iranian leader is safe "for now"Lack of trade agreements at G7 disappointFed expected to hold rates, Chair's comments in focusBy Isla Binnie NEW YORK, June 17 (Reuters) - Wall Street indexes edged lower and oil kept clim...Reuters
Tue, Jun 17
Commodities
CBOT wheat ends higher on slow US harvest, short-covering
CHICAGO, June 17 (Reuters) - Chicago Board of Trade wheat futures hit a one-week high on Tuesday as a slow start to the U.S. winter wheat harvest allowed speculators to cover short positions, brokers said.CBOT July soft red winter wheat WN25 settled up 12-1/2 cents at $5.49 per bushel.K.C. July hard...Reuters
Tue, Jun 17
Other
EXCLUSIVE-Musk's xAI is on track to raise $5 billion in fresh debt, following modest demand
By Matt Tracy, Echo Wang and Davide BarbusciaNEW YORK, June 17 (Reuters) - Elon Musk's xAI is on track to close on a $5 billion debt raise led by Morgan Stanley, despite tepid investor demand, according to two people familiar with the matter.The $5 billion debt sale, which includes a floating-ra...Reuters
Tue, Jun 17
Other
All new Facebook videos to be classified as Reels soon, Meta says
June 17 (Reuters) - All new videos uploaded on Facebook will soon be classified as Reels, simplifying how users publish visual content, social media giant Meta Platforms META.O said on Tuesday.The Instagram parent said Reels on Facebook will no longer have length or format restrictions, and include ...Reuters
Tue, Jun 17
Commodities
Miscalculation by Spanish power grid operator REE contributed to massive blackout, report finds
REE did not have enough thermal power stations switched on when surge occurredSome conventional power plants failed to help control voltage in the power system Blackout on April 28 caused gridlock in cities and left thousands stranded in trains and liftsBy Pietro Lombardi and David Latona MADRID,...Reuters
Tue, Jun 17
Forex
Canadian Dollar snaps win streak as Greenback bids return to the fold
The Canadian Dollar (CAD) shed weight against the US Dollar (USD) on Tuesday, tumbling around one-half of one percent as risk aversion grips investors and send them piling back into the safe haven Greenback.
Fxstreet
Tue, Jun 17
