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LIVE MARKETS-US stocks rise on hopes for cooling Middle East tensions, focus turns to retail sales
Main US indexes advance; Nasdaq rises most, up ~1.5%Comm svcs lead S&P sector gainers; Utilities weakest groupDollar dips; gold off >1%; crude down >2%; bitcoin up >3.5%US 10-Year Treasury yield rises to ~4.45%Welcome to the home for real-time coverage of markets brought to you by Reute...Reuters
Mon, Jun 16
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High Tide reports Q2 2025 financial results
June 16 (Reuters) - High Tide Inc HITI.V:HIGH TIDE REPORTS SECOND FISCAL QUARTER 2025 FINANCIAL RESULTSHIGH TIDE Q2 NET INCOME CAD -2.836 MILLIONHIGH TIDE Q2 INCOME FROM OPERATIONS CAD 932 THOUSANDHIGH TIDE Q2 REVENUE CAD 137.804 MILLION, UP 11% YEAR OVER YEARHIGH TIDE Q2 ADJUSTED EBITDA CAD 8.062 M...Reuters
Mon, Jun 16
Commodities
El Paso Declares Force Majeure At Eunice C Compressor Station Unit #3, New Mexico
June 16 (Reuters) - KINDER MORGAN'S KMI.N EL PASO NATURAL GAS COMPANY, L.L.C (EPNG):DECLARES FORCE MAJEURE AT EUNICE C COMPRESSOR STATION UNIT #3, LOCATED IN LEA COUNTY, NEW MEXICORELATED: [nAQN2KIHNA]Reuters
Mon, Jun 16
Other
Fifth Third Bancorp announces share repurchase authorization
June 16 (Reuters) - Fifth Third Bancorp FITB.O:FIFTH THIRD BANCORP ANNOUNCES SHARE REPURCHASE AUTHORIZATIONFIFTH THIRD BANCORP - APPROVES NEW SHARE REPURCHASE AUTHORIZATION UP TO 100 MILLION SHARESFIFTH THIRD BANCORP - NEW REPURCHASE AUTHORIZATION REPLACES 2019 AUTHORIZATION WITH 11.8 MILLION SHARES...Reuters
Mon, Jun 16
Commodities
CBOT corn sags on generally favorable US crop weather
CHICAGO, June 16 (Reuters) - Chicago Board of Trade corn futures declined on Monday as forecasts for rains this week bolstered crop production prospects, traders said. CBOT July corn CN25 settled down 9-3/4 cents at $4.34-3/4 per bushel and the September contract CU25 set a life-of-contract low at $...Reuters
Mon, Jun 16
Other
Deals of the day-Mergers and acquisitions
June 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:** Justin Sun's crypto platform, Tron, has reached a deal with Nasdaq-listed company SRM Entertainment SRM.O under which it will buy tokens, be renamed Tron Inc and have Sun join the c...Reuters
Mon, Jun 16
Other
OpenAI executives have discussed accusing Microsoft of anticompetitive behavior, WSJ reports
June 16 (Reuters) - OpenAI executives have discussed accusing its backer Microsoft MSFT.O of anticompetitive behavior during their partnership, the Wall Street Journal reported on Monday, citing people familiar with the matter.Reuters
Mon, Jun 16
Other
Hedge fund Millennium valued at $14 billion in minority stake sale talks, FT reports
June 16 (Reuters) - Millennium Management is in talks to sell a minority stake in its management company, in a deal that values the hedge fund giant at $14 billion, the Financial Times reported on Monday, citing people familiar with the discussions.The company is working with Goldman Sachs' Pete...Reuters
Mon, Jun 16
Other
OpenAI Has Discussed Accusing Microsoft Of Anticompetitive Behavior During Their Partnership-WSJ
June 16 (Reuters) - OPENAI HAS DISCUSSED MAKING ANTITRUST COMPLAINTS TO REGULATORS- WSJOPENAI’S EXECUTIVES HAVE DISCUSSED ACCUSING MICROSOFT OF ANTICOMPETITIVE BEHAVIOR DURING THEIR PARTNERSHIP-WSJMICROSOFT IS CURRENTLY ASKING FOR A LARGER STAKE IN THE NEW COMPANY THAN OPENAI IS WILLING TO GIVE - WS...Reuters
Mon, Jun 16
Other
Ex-Trump DOJ official Rod Rosenstein joins law firm Baker McKenzie
By Mike Scarcella June 16 (Reuters) - Former Deputy U.S. Attorney General Rod Rosenstein, who appointed Special Counsel Robert Mueller to investigate links between Russia and Donald Trump’s 2016 presidential campaign, has left law firm King & Spalding for rival Baker McKenzie.Rosenstein will ...Reuters
Mon, Jun 16
Stocks
Why TMC The Metals Company Rallied 29% Today
Shares of TMC The Metals Company (NASDAQ: TMC) rallied more than 29% on Monday as of market close.TMC garnered attention back in May when The Wall Street Journal highlighted the company's opportunity to mine the sea floor in the Pacific Ocean, after the Trump administration directed the National Oce...The Motley Fool
Mon, Jun 16
Commodities
US Cash Grains-Soybean bids hold steady after weakening previous week
CHICAGO, June 16 (Reuters) - Spot basis bids for U.S. soybeans were mostly steady in the U.S. Midwest on Monday after consistent declines during the previous week, where Archer-Daniels-Midland facilities slashed their soybean basis bids and other locations followed their lead.The soy basis fell at a...Reuters
Mon, Jun 16
Stocks
US STOCKS-Equities end higher as oil prices pull back on truce hopes
Oil retreats after previous week's surgeU.S. Steel up as Trump approves $14.9 bln Nippon Steel bidFed expected to keep interest rates unchanged this weekBy Chuck Mikolajczak NEW YORK, June 16 (Reuters) - U.S. stocks closed higher on Monday, as oil prices retreated after the Israel-Iran attack...Reuters
Mon, Jun 16
Commodities
CBOT wheat ends down on harvest pressure
CHICAGO, June 16 (Reuters) - Chicago Board of Trade wheat futures fell on Monday on pressure from the expanding U.S. winter wheat harvest and a lack of supportive news, traders said.CBOT July soft red winter wheat WN25 settled down 7-1/4 cents at $5.36-1/2 per bushel.K.C. July hard red winter wheat ...Reuters
Mon, Jun 16
Stocks
These 2 Growth Stocks Are No-Brainer Buys Right Now
When it comes to investing, sometimes you want to take a big swing. After all, it's not always the number of winners in your portfolio that power your returns, but finding a few stocks that can be massive winners over time.Let's look at two no-brainer growth stocks that fit that bill.Where to invest...The Motley Fool
Mon, Jun 16
Other
Trump family in phone service licensing deal, touts a $499 device
Trump Organization launches service, new phonePhones to be made in America, group announcesLatest move by Trump Org into new business venturesBy Hannah Lang, Michelle Conlin and Akash Sriram NEW YORK, June 16 (Reuters) - Donald Trump's family business licensed its name to launch a U.S. mo...Reuters
Mon, Jun 16
Stocks
PREVIEW: Apple supplier Jabil seen reporting higher rev, EPS on Tues
** Shares of Jabil Inc JBL.N were up ~3% in late Mon trading, with the electronic component maker expected to report an increase in rev and EPS when it releases qrtrly results before the bell on Tues** Analysts expect Jabil, an Apple AAPL.O supplier, to report Q3 rev of $7.059 bln vs $6.765 bln in t...Reuters
Mon, Jun 16
