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CORRECTED-Retailer Temu's daily US users nearly halve following end of 'de minimis' loophole
US-China trade war weighs on e-commerce platform TemuDe minimis exemption helped Temu and rival Shein keep prices low Temu's daily US users fell 48% in May compared to March, according to Sensor TowerBy Casey Hall and Arriana McLymore SHANGHAI/NEW YORK, June 2 (Reuters) - Daily U.S. users of ...Reuters
Wed, Jun 4
Commodities
Saudi Arabia lowers Arab Light July OSP for Asia
June 4 (Reuters) - Saudi Arabia has lowered the official selling price (OSP) for its flagship Arab light crude it sells to Asia in July to $1.20 a barrel above the Oman/Dubai average, according to a pricing document seen by Reuters on Wednesday.The OSP premium for June was $1.40 a barrel.Reuters
Wed, Jun 4
Stocks
Genesco Inc reports results for the quarter ended April 30 - Earnings Summary
Genesco Inc GCO.N reported a quarterly adjusted loss of $2.05 per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of $-2.10. The mean expectation of three analysts for the quarter was for a loss of $2.03 per share. Wall Street expected r...Reuters
Wed, Jun 4
Commodities
Autoliv CFO: I Expect Inflationary Pressures To Come Down
June 4 (Reuters) - Autoliv Inc ALV.N in a presentation to analysts and media:AUTOLIV: WE ESTIMATE THAT ADDITIONAL TARIFFS ON STEEL, ALUMINUM AND NON-USMCA COMPLIANT PARTS COULD AMOUNT TO AROUND $100 MILLION ANNUALLYAUTOLIV CFO: I EXPECT INFLATIONARY PRESSURES TO COME DOWNReuters
Wed, Jun 4
Commodities
Canada labour union Unifor calls for retaliatory tariffs on us steel and aluminium
By Divya RajagopalTORONTO, June 4 (Reuters) - Canada's labour union Unifor, in a statement on Wednesday called for retaliatory tariffs on US steel and aluminium to match the 50% tariff imposed by the U.S. government."Unifor is urging the federal government to act without delay to defend Cana...Reuters
Wed, Jun 4
Other
Ex-Nexus US CEO Kembrooke returns with BP Marsh-backed MGA Amiga
By Ryan HewlettJune 4 - (The Insurer) - Former Nexus US CEO Adam Kembrooke has returned to the market with the launch of Amiga, a startup MGA backed by specialist insurance investor BP Marsh and Partners.London-listed BP Marsh confirmed in a stock exchange filing on Wednesday that it had subscribed ...Reuters
Wed, Jun 4
Other
Moog Enters New Term Loan Facility Of $250 Mln
June 4 (Reuters) - Moog Inc MOGa.N:MOOG INC - ON MAY 30, ENTERS SEVENTH AMENDED AND RESTATED LOAN AGREEMENT - SEC FILINGMOOG INC - NEW TERM LOAN FACILITY OF $250 MILLION - SEC FILINGMOOG INC - NEW TERM LOAN MATURES ON OCTOBER 27, 2027 - SEC FILINGReuters
Wed, Jun 4
Other
Fitch Says Strong Demand Supports Earnings Growth In European Aerospace & Defence
June 4 (Reuters) - FITCH: STRONG DEMAND SUPPORTS EARNINGS GROWTH IN EUROPEAN AEROSPACE & DEFENCEFITCH: EXPECT SUPPLY CHAINS IN EUROPEAN AEROSPACE & DEFENCE TO NORMALISE IN 2026FITCH: US TARIFF TENSIONS MAY MODERATELY AFFECT COMMERCIAL AEROSPACE WHERE SUPPLY CHAINS ARE GLOBAL AND INTERTWINEDF...Reuters
Wed, Jun 4
Other
Tennis-Boisson bottles up Andreeva to spark French Open fairytale
By Julien PretotPARIS, June 4 (Reuters) - Lois Boisson sent the Roland Garros faithful into a state of euphoria on Wednesday, conjuring the unimaginable as she toppled Russian wunderkind Mirra Andreeva 7-6(6) 6-3 to reach the French Open semi-finals.In her maiden Grand Slam main draw appearance, gra...Reuters
Wed, Jun 4
Commodities
Mexico will respond if there is no agreement with U.S. on metals tariffs
June 4 (Reuters) - Mexico will announce measures next week if there is no agreement reached with the United States on the steel and aluminum tariffs announced, president Claudia Sheinbaum said Wednesday.She also called the U.S. announcement to raise the metals' tariffs an "unfair measure"...Reuters
Wed, Jun 4
Forex
FOREX-Dollar slips after data disappoints; Trump calls for rate cut
US private payrolls post smallest gain in over two years in MayUS service sector unexpectedly contracts in May; inflation heats upTrump says Fed's Powell must lower interest rate US doubles steel duties on Wednesday, to receive 'best offers' from trade partnersTrump to speak this week wi...Reuters
Wed, Jun 4
Stocks
The Only Quantum Stocks I'm Buying
In this video, I will talk about quantum computing stocks, why some of them have gotten a lot of attention, and which ones I am buying. Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of May 29, 2025. The ...The Motley Fool
Wed, Jun 4
Other
QBE promotes Browne to lead UK casualty underwriting
By Rebecca DelaneyJune 4 - (The Insurer) - QBE has appointed Adrian Browne as director of underwriting, UK casualty, the company announced on Wednesday.The appointment is effective from January 1, 2026, as Anna Bennett (who has held the role for four years) is set to retire at the end of 2025.During...Reuters
Wed, Jun 4
Other
Hackers abuse modified Salesforce app to steal data, extort companies, Google says
By AJ VicensJune 4 (Reuters) - Hackers are tricking employees at companies in Europe and the Americas into installing a modified version of a Salesforce-related app, allowing the hackers to steal reams of data, gain access to other corporate cloud services and extort those companies, Google said on ...Reuters
Wed, Jun 4
Other
FDA Grants Platform Tech Designation To Viral Vector In Sarepta's SRP-9003 For LGMD Type 2E/R4
June 4 (Reuters) - Sarepta Therapeutics Inc SRPT.O:U.S. FDA GRANTS PLATFORM TECHNOLOGY DESIGNATION TO THE VIRAL VECTOR USED IN SRP-9003, SAREPTA’S INVESTIGATIONAL GENE THERAPY FOR THE TREATMENT OF LIMB GIRDLE MUSCULAR DYSTROPHY TYPE 2E/R4Reuters
Wed, Jun 4
Commodities
US natural gas prices hold near 3-week high as lower output offsets weaker demand
Canada AECO gas prices drop as wildfires rageUS daily gas output falls to 3-month lowCheniere LNG export plants reduced for maintenanceBy Scott DiSavinoJune 4 (Reuters) - U.S. natural gas futures held near a three-week high on Wednesday as lower output offset forecasts for weaker demand over the nex...Reuters
Wed, Jun 4
