News
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Commodities
FAA seeks company to lead building of new US air traffic control system
June 3 (Reuters) - The Federal Aviation Administration has issued a request for information looking for a company to build a "brand new, state-of-the-art" air traffic control system, the U.S. Department of Transportation said in a statement on Tuesday."We have an antiquated air traffic c...Reuters
Tue, Jun 3
Stocks
CrowdStrike forecasts downbeat second-quarter revenue, shares fall
June 3 (Reuters) - CrowdStrike CRWD.O forecast second-quarter revenue below Wall Street estimates, signaling weaker government and enterprise spending on cybersecurity products, sending the company's shares down 5.7% after the bell on Tuesday.Higher interest rates and sticky inflation have force...Reuters
Tue, Jun 3
Forex
Brazil's central bank to offer $1 billion in dollar auctions with repurchase deal on June 4
SAO PAULO, June 3 (Reuters) - The Brazilian central bank said on Tuesday it will offer up to $1 billion in two simultaneous dollar auctions, with repurchase agreement, to be held on Wednesday morning. The auctions, which will aim to roll over contracts expiring on July 2, will start at 10:30 a.m. lo...Reuters
Tue, Jun 3
Commodities
GRAINS-Soybeans buoyed by higher crude oil; wheat sags
Soybean futures rise due to strong crude oil pricesWheat futures decline amid improved US crop ratingsTrump and Xi to discuss trade amid tariff concernsBy Julie Ingwersen CHICAGO, June 3 (Reuters) - U.S. soybean futures rose on Tuesday, rallying from a seven-week low struck a day earlier, as stro...Reuters
Tue, Jun 3
Other
EU antitrust regulators escalate Visa, Mastercard probe, documents show
By Foo Yun Chee BRUSSELS, June 3 (Reuters) - EU antitrust regulators are asking retailers and payments companies whether a standardized summary of fees by Visa V.N and Mastercard MA.N and more transparency on the charges would address their concerns, according to documents seen by Reuters.The lat...Reuters
Tue, Jun 3
Other
Basketball-Knicks fire Thibodeau after Eastern Conference defeat
NEW YORK, June 3 (Reuters) - The New York Knicks have fired head coach Tom Thibodeau, the team said on Tuesday, days after they were eliminated in game six of the Eastern Conference Finals against the Indiana Pacers. Thibodeau led New York to the playoffs in four out of the five seasons he was in ch...Reuters
Tue, Jun 3
Stocks
Why AI Stock Broadcom Topped the Market on Tuesday
A new product rollout is always an attention-grabbing piece of news in the corporate world, and that goes double for businesses involved with artificial intelligence (AI).On Tuesday, specialty chip maker Broadcom (NASDAQ: AVGO) announced it began shipping an advanced networking chip. Investors greet...The Motley Fool
Tue, Jun 3
Other
White House calls South Korea election 'fair,' expresses concern about Chinese influence
WASHINGTON, June 3 (Reuters) - The White House said on Tuesday that South Korea's election, which saw the country's liberal party candidate Lee Jae-myung, win the presidency, was fair, but it expressed concern about Chinese interference.“The US-ROK Alliance remains ironclad. While South Kore...Reuters
Tue, Jun 3
Other
Rubio praises bravery of Chinese people killed in Tiananmen Square crackdown
By Ryan Patrick Jones June 3 (Reuters) - U.S. Secretary of State Marco Rubio on Tuesday praised the bravery of the Chinese people who were killed in a bloody crackdown on pro-democracy protesters at Tiananmen Square in Beijing 36 years ago. "Today we commemorate the bravery of the Chinese p...Reuters
Tue, Jun 3
Commodities
CIF/FOB Gulf Grain-Corn, soy barge bids remain largely steady
CHICAGO, June 3 (Reuters) - Basis bids for corn and soybeans delivered by barge to U.S. Gulf Coast terminals were largely flat on Tuesday, traders said.Farmer sales of both crops remain sluggish as they finish plantings and assess weather forecasts for the summer growing season.A gauge of farmer sen...Reuters
Tue, Jun 3
Commodities
US Cash Crude-Grades rise after API shows fall in US crude stocks
June 3 (Reuters) - Grades broadly rose, dealers said on Tuesday, after traders weighed a steep drop in domestic crude stocks. Crude stocks fell by 3.3 million barrels in the week ended May 30, market sources said, citing American Petroleum Institute figures on Tuesday.Curbing gains, fuel inventories...Reuters
Tue, Jun 3
Cryptocurrencies
Trump is pushing for a phone call with Xi Jinping to resolve trade issues, but experts doubt it will lead to a breakthrough
Donald Trump is pressing hard for a call with Xi Jinping, hoping that a direct conversation can somehow patch the broken lines of U.S.-China trade talks, which have stalled again. According to Politico, officials inside the White House say the call is “likely” this week. Trump is pushing for this as a personal fix, convinced […]Cryptopolitan
Tue, Jun 3
Cryptocurrencies
Shiba Inu Triangle Formation Puts The Bears In Charge, 20% Crash Could Rock Meme Coin
Crypto analyst Smart Trading has revealed a bearish pattern for Shiba Inu, indicating that the bears are in firm control. Based on this, he predicted that SHIB could witness a 20% crash, which would represent a huge setback for the bulls. Shiba Inu Breaks Down Below Triangle Pattern In a TradingView...Bitcoinist
Tue, Jun 3
Cryptocurrencies
Is Solana (SOL) Price About to Explode? Investors Are Accumulating New DeFi Token Mutuum Finance (MUTM)
Solana (SOL) is once again on investors’ radars, with the market regaining bullish momentum, as one of the best cryptocurrencies to invest in right now. Currently trading around $154, SOL is gaining strength as on-chain activity surges and major DeFi projects flock to its fast, low-cost network. Market analysts are eyeing a push past the […]Cryptopolitan
Tue, Jun 3
Other
EXCLUSIVE-Trump set to waive some legal requirements to boost critical minerals
By Ernest Scheyder and Jarrett Renshaw June 3 (Reuters) - President Donald Trump is set to use emergency powers and slash legal requirements - including some congressional funding approvals - relating to a law aimed at lifting U.S. production of critical minerals and weapons, according to a docum...Reuters
Tue, Jun 3
Other
INSTANT VIEW-Wells Fargo asset cap lifted, allowing bank to grow
NEW YORK, June 3 (Reuters) - The U.S. Federal Reserve announced late on Tuesday that Wells Fargo will no longer have to operate under a $1.95 trillion asset cap the regulator imposed on the bank in 2018 following its long-running sales practices scandal.Wells Fargo WFC shares were up 2.1% after the ...Reuters
Tue, Jun 3
