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State Department shifts $250 million from refugee aid to 'self-deportations'
State Department transferred $250 million to DHSDHS to use funds for 'self-deportations'Funds historically aided refugeesBy Jonathan Landay WASHINGTON, June 4 (Reuters) - The U.S. State Department has moved $250 million to the Department of Homeland Security for voluntary deportations by ...Reuters
Wed, Jun 4
Stocks
BREAKINGVIEWS-Industrial mega-deal shows safe isn’t always sound
By Sebastian Pellejero NEW YORK, June 4 (Reuters Breakingviews) - Flowserve FLS.N and Chart Industries GTLS.N are following a simple premise: bigger is better. The industrial equipment makers on Wednesday announced a $19 billion all-stock merger of equals, creating a sprawling enterprise across ...Reuters
Wed, Jun 4
Stocks
US economic activity declines as tariffs pressure prices, Fed says
June 4 (Reuters) - U.S. economic activity has declined and higher tariff rates have put upward pressure on costs and prices in the weeks since Federal Reserve policymakers last met to set interest rates, the U.S. central bank said on Wednesday in its latest snapshot of the nation's economy."...Reuters
Wed, Jun 4
Indices
Dow Jones Industrial Average flattens after cautionary ADP jobs print
The Dow Jones Industrial Average (DJIA) remained largely unchanged on Wednesday after bullish investor sentiment was stymied by a softer-than-expected ADP jobs print. Overall market momentum is cooling off as indexes hit a lull between trade war headlines.Fxstreet
Wed, Jun 4
Commodities
GRAINS-US wheat prices climb amid Ukraine-Russia unrest
China's dry weather may impact wheat harvestsBlack Sea grain trade concerns amid Ukraine-Russia tensionsCorn and soybean futures rise on bargain buyingBy Julie Ingwersen CHICAGO, June 4 (Reuters) - U.S. wheat futures rose more than 1% on Wednesday as signs of a hardening conflict between Ukra...Reuters
Wed, Jun 4
Stocks
Nio Q1 Revenue and Deliveries Up
Nio (NYSE:NIO) reported fiscal 2025 first-quarter earnings on June 3, 2025, delivering 42,094 vehicles in the first quarter, up 4.1% year over year and total revenue (GAAP) of RMB 12 billion, up 21.5% year over year and down 38.9% quarter over quarter. Vehicle gross margin (GAAP) reached 10.2%, and ...The Motley Fool
Wed, Jun 4
Other
Column: Google takes a gamble in class action jury trial over cell phone data use
By Jenna Greene June 4 (Reuters) - Class actions rarely go to trial, which is why a case against Google is proving to be an outlier. The tech giant is defending itself before a jury in Santa Clara County, California, superior court in an $800 million lawsuit by Android smartphone users who say Go...Reuters
Wed, Jun 4
Other
Musk further criticizes spending bill, saying a new one should be drafted
June 4 (Reuters) - Billionaire Elon Musk, who recently left his cost-cutting role in President Donald Trump's administration, on Wednesday further criticized a spending bill working its way through Congress, saying a new one should be drafted. "No one who actually reads the bill should be ab...Reuters
Wed, Jun 4
Other
Jefferies hires Lazard's Thomas for activism defense, sources say
By Svea Herbst-Bayliss NEW YORK, June 4 (Reuters) - Jefferies JEF.N has hired a veteran Lazard banker as global head of the firm's activism defense practice, people familiar with the situation said on Wednesday, as more corporations face pressure from activist investors.The New York-headquart...Reuters
Wed, Jun 4
Stocks
Why CoreWeave Rocketed 170% in May
Shares of CoreWeave (NASDAQ: CRWV) rocketed 169.5% in May, according to data from S&P Global Market Intelligence.CoreWeave had a busy month, not only recovering from April's "Liberation Day" along with the rest of the sector, but also holding its first earnings report since its March 28 initial publ...The Motley Fool
Wed, Jun 4
Stocks
CrowdStrike hit by weak forecast, US government request for information
By Jaspreet Singh June 4 (Reuters) - Nearly a year after CrowdStrike's CRWD.O botched cybersecurity update crippled airlines, banks and hospitals for hours, the company is still reeling from the fallout.The company said on Wednesday U.S. regulators have asked it about certain transactions as ...Reuters
Wed, Jun 4
Commodities
GlobalFoundries boosts investment plans to $16 billion, with research focus
By Max A. Cherney and Stephen Nellis SAN FRANCISCO, June 4 (Reuters) - Chip manufacturer GlobalFoundries GFS.O said on Wednesday it planned to increase its investment plans to $16 billion, allocating an additional $1 billion to capital spending and $3 billion to research in several emerging chip ...Reuters
Wed, Jun 4
Cryptocurrencies
Bitcoin’s Price Action Fluctuates, But Key BTC Holders Swell Sharply In Numbers
Following a pullback from its recent all-time high, Bitcoin seems to have entered a consolidation phase, which has been on for the last few days. BTC’s slowdown in its upward performance has not impacted the bullish sentiment among key holders, as these investors continue to see notable growth in nu...Bitcoinist
Wed, Jun 4
Cryptocurrencies
Dogecoin Caught In Compression: Descending Triangle Warns Of Potential Collapse
Dogecoin (DOGE) is teetering on a critical edge as price action tightens within a descending triangle pattern, hinting at rising bearish pressure. The meme-inspired cryptocurrency has entered a phase of low volatility and narrowing price movement, a classic sign of market indecision that often prece...NewsBTC
Wed, Jun 4
Other
Airbus procurement chief to move to India role, no successor named
By Tim Hepher PARIS, June 4 (Reuters) - The top supply chain executive at planemaker Airbus AIR.PA, procurement chief Juergen Westermeier, has been appointed to run the group's operations in India and South Asia from September 1, according to an internal memo seen by Reuters.His successor is ...Reuters
Wed, Jun 4
Other
Golf-McIlroy breaks silence on failed driver test at PGA Championship and dodging media
McIlroy was angry after news of his failed driver leakedDodged media throughout PGA ChampionshipWanted to avoid saying something he would regretBy Frank Pingue June 4 (Reuters) - Masters champion Rory McIlroy, who avoided talking to the media at last month's PGA Championship, said on Wednesd...Reuters
Wed, Jun 4
Stocks
U.S. STOCKS ON THE MOVE-TransMedics, Centrus Energy, MongoDB
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8U.S. stocks edged higher on Wednesday, as strength in technology shares offset declines driven by weak economic data that deepened concerns about the impact of the Trump administration's...Reuters
Wed, Jun 4
Other
Suspect arrested in connection with deadly California fertility clinic bombing
By Joseph Ax and Helen Coster NEW YORK, June 4 (Reuters) - Federal authorities arrested a suspect overnight in connection with last month's deadly bombing at a fertility clinic in Palm Springs, California, according to law enforcement officials on Wednesday.The suspect, Daniel Park, a 32-year...Reuters
Wed, Jun 4
