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Trump calls China's Xi tough, 'hard to make a deal with'
June 4 (Reuters) - U.S. President Donald Trump called China's Xi Jinping tough and "extremely hard to make a deal with" on Wednesday, exposing frictions after the White House raised expectations for a long-awaited phone call between the two leaders this week. "I like Presi...Reuters
Wed, Jun 4
Commodities
China increases scrutiny over rare earth magnets with new tracking system
BEIJING, June 4 (Reuters) - China has introduced a tracking system for its rare earth magnet sector, three sources said, as its export restrictions on them begin to cut off customers around the world.The national tracking system, which went into effect last week, requires producers to submit extra i...Reuters
Wed, Jun 4
Commodities
US sees no viable path for California High-Speed Rail project, may rescind $4 billion
June 4 (Reuters) - The Trump administration said Wednesday there is no viable path forward for California's High-Speed Rail project and warned it may rescind $4 billion in government funding in the coming weeks.The U.S. Transportation Department released a 315-page report from the Federal Railro...Reuters
Wed, Jun 4
Other
Trump defeats Democrats' lawsuit over election commission independence
Trump, Bondi power on matters of law was challengedBiden-appointed judge found no imminent injuryDemocratic Party not available for commentBy Jonathan Stempel June 4 (Reuters) - A Washington, D.C. judge has dismissed the Democratic Party's lawsuit accusing U.S. President Donald Trump of viola...Reuters
Wed, Jun 4
Cryptocurrencies
Analysts downgrade Apple's stock as questions outpace answers
Needham has downgraded its rating on Apple stock to “Hold” because it sees more risks to its earnings and tougher competition. Analysts also believe its stock is too expensive. In light of these concerns, Needham trimmed its forecasts for Apple’s fiscal 2025 results. Needham’s analysts don’t see anything to boost the stock soon and think […]Cryptopolitan
Wed, Jun 4
Other
Thames Water creditors see a 'short and closing window' to rescue company
LONDON, June 4 (Reuters) - Thames Water's senior creditors said there was a "short and closing window" for a market-led rescue of the water company after U.S. private equity firm KKR KKR.N pulled out of a multi-billion pound funding plan on Tuesday.The creditors said on Wednesday they ha...Reuters
Wed, Jun 4
Stocks
US STOCKS-Wall Street set for subdued open after downbeat private payrolls data
Futures: Dow down 0.05%, S&P 500 flat, Nasdaq down 0.02%Wells Fargo shares rise after Fed ends growth freezeCrowdStrike falls on downbeat quarterly revenue forecastS&P Global and ISM's services sector PMI data on tapBy Kanchana Chakravarty and Sukriti Gupta June 4 (Reuters) - U.S. sto...Reuters
Wed, Jun 4
Other
Russia concerned about rising tensions around Iran, Zakharova says
MOSCOW, June 4 (Reuters) - Russia is concerned about rising tensions around Iran and the risk of the situation slipping into a full-scale confrontation, Russian Foreign Ministry spokeswoman Maria Zakharova said on Wednesday.Reuters
Wed, Jun 4
Stocks
U.S.-China Trade Deal: Which Stocks to Buy
As the U.S. and China, two of the world's largest economies, work out a trade deal, in today's video I will discuss a few stocks and ETFs I am looking to buy as I believe they will benefit greatly. However, there is still plenty of risk if a trade deal is not struck and tensions rise back up.One of ...The Motley Fool
Wed, Jun 4
Commodities
FACTBOX-Trump's tariffs and threatened trade actions
June 4 (Reuters) - The United States doubled tariffs on steel and aluminium imports on Wednesday, activating a hike in the duties on the imported metals to 50% from the 25% rate introduced in March. The day also marks the Trump administration’s deadline for trading partners to submit the...Reuters
Wed, Jun 4
Other
Ecopetrol CEO denounces death threats over sexual orientation
BOGOTA, June 4 (Reuters) - The chief executive of Colombia's Ecopetrol ECO.CN, Ricardo Roa, said on Wednesday he has received death threats and harassment due to his sexual orientation. Roa, who is openly gay, also said that a digital analysis procedure within a cybersecurity protocol started in...Reuters
Wed, Jun 4
Other
Raytheon secures $1.1 billion US Navy contract for more short-range missiles
June 4 (Reuters) - RTX's RTX.N defense arm Raytheon said on Wednesday it has been awarded a $1.1 billion contract from the U.S. Navy to produce more of its short-range AIM-9X Block II missiles.The contract would help ramp production of the air-to-air and surface-to-air missiles to 2,500 per year...Reuters
Wed, Jun 4
Stocks
U.S. STOCKS ON THE MOVE-Merus NV, Copper miners, GlobalFoundries
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8U.S. stock index futures rose on Wednesday as Hewlett Packard Enterprise's results fanned AI optimism and some tech shares gained, while investors awaited fresh data to better gauge the ...Reuters
Wed, Jun 4
Other
UK's Warehouse REIT agrees to Blackstone's $635.35 million bid
June 4 (Reuters) - UK's Warehouse REIT WHRW.L has agreed to sell itself to Blackstone BX.N for 470 million pounds ($635.35 million), days after the investment firm lowered its bid for the company due to valuation-related issues uncovered during due diligence. The 110.6 pence per share offer p...Reuters
Wed, Jun 4
Stocks
Barclays and Mizuho raise Viper Energy PT after the Sitio deal
** Shares of Viper Energy VNOM.O up marginally on low volumes premarket after brokerages raise PT on the Sitio Royalties STR.N deal** Brokerage Barclays raises Viper Energy VNOM.O PT to $60 from $57, while Mizuho raises PT to $55 from $54** As of last close, Barclays PT is about 44.8% upside, wherea...Reuters
Wed, Jun 4
Stocks
LIVE MARKETS-Benchmark Treasury yield turning heavy again
US equity index futures little changedMay ADP national employment 37k vs 110k estimate Euro STOXX 600 index up ~0.4%Dollar, crude, bitcoin dip; gold edges upUS 10-Year Treasury yield falls to ~4.40%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can sha...Reuters
Wed, Jun 4
Commodities
CBOT Trends-Wheat up 3-4 cents, corn up 4-5, soy up 5-6
CHICAGO, June 4 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday. WHEAT - Up 3 to 4 cents per bushelCBOT wheat Wv1 rose on Wednesday, underpinned by signs of a hardening conf...Reuters
Wed, Jun 4
