News
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Commodities
Airlines stick to net zero target despite green fuel doubts
Airlines face challenges with affordable greener fuel suppliesIATA estimates $4.7 trillion cost for net zero by 2050By Rajesh Kumar Singh, Shivansh Tiwary and Tim HepherNEW DELHI, June 3 (Reuters) - Global airlines wrapped up a two-day summit on Tuesday sticking to a target of net zero emissions by ...Reuters
Tue, Jun 3
Stocks
What's Going On With Costco Stock?
Costco (NASDAQ: COST) is arguably one of the best businesses in the world when measured by sustainable competitive advantage.Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »*Stock prices used were the afternoon pri...The Motley Fool
Tue, Jun 3
Stocks
Will Blue Chip UPS Deliver for Shareholders?
United Parcel Service (NYSE: UPS) is one of the dominant names in shipping.The company operates a sprawling network of planes, trucks, and distribution centers, shuffling e-commerce buys to their destinations and providing supply chain transportation. In 2024, UPS delivered 5.7 billion packages.Wher...The Motley Fool
Tue, Jun 3
Forex
Czech government set to face no-confidence vote in bitcoin scandal
Justice minister quit after ex-convicts' bitcoin donationOpposition wants government to quit, no-confidence voteBlow to centre-right cabinet ahead of October election By Jan LopatkaPRAGUE, June 3 (Reuters) - Czech Prime Minister Petr Fiala battled calls on Tuesday to quit after the opposition sa...Reuters
Tue, Jun 3
Commodities
Exxon-led consortium's profit in Guyana rose to $10.4 bln in 2024
GEORGETOWN, June 3 (Reuters) - The profit of a consortium by oil producers Exxon Mobil XOM.N, Hess HES.N and CNOOC 600938.SS in Guyana increased 64% last year to $10.4 billion, Exxon said on Tuesday.The group's expenses in the South American country rose to $4.9 billion in 2024 from $3.5 billion...Reuters
Tue, Jun 3
Stocks
Guardant Health up as cancer detection test gets FDA's 'breakthrough' tag
** Shares of medical diagnostics firm Guardant Health GH.O up 7.5% at $45.25 ** GH says the U.S. FDA has granted "breakthrough" tag for its device to detect multiple types of cancer ** The multi-cancer detection (MCD) test uses a blood sample to screen for different cancer types in patients ...Reuters
Tue, Jun 3
Commodities
Russia says traffic on Crimea bridge resumed
MOSCOW, June 3 (Reuters) - Road traffic on the bridge linking Russia and the Crimean peninsula has resumed, Russian authorities said on Telegram on Tuesday.Ukraine's SBU security service said on Tuesday it had hit the road and rail bridge with underwater explosives.Reuters
Tue, Jun 3
Stocks
Intel rises after former subsidiary releases AI chip technology
** Intel Corp INTC.O shares are up 1.5% at $20 on Tues after former subsidiary, Cornelis Networks, released a suite of networking hardware and software aimed at boosting the speed of artificial intelligence chips** Cornelis "CN5000" networking chips use a new network technology created by Co...Reuters
Tue, Jun 3
Other
Stand founder Preston betting on improving home resilience to solve E&S homeowners challenge
By James ThalerJune 2 - (The Insurer) - The CEO of newly launched Stand, Dan Preston, said the E&S homeowners insurtech is betting on making cat-exposed homes more resilient, using an in-house applied science team to drive mitigation strategies to profitably underwrite the hardest risks.Preston,...Reuters
Tue, Jun 3
Stocks
Life360 rises after upsized $275 million convertible debt deal
** Family safety app Life360's LIF.O shares rise 2.8% to $62.83** LIF announces pricing of upsized offering of $275 million of convertible bonds due 2030 in private offering** Offering boosted from initial size of $250 million of convertible bonds** Stock closed down 3.8% on Monday after LIF unv...Reuters
Tue, Jun 3
Other
VW's Wolfsburg plant may move to four-day week from 2027, works council says
BERLIN, June 3 (Reuters) - Volkswagen's restructuring of its Wolfsburg plant from 2027 to make way for EV-only production could result in a temporary four-day working week at the plant, works council chief Daniela Cavallo told workers on Tuesday.Cavallo, a central figure in negotiations with man...Reuters
Tue, Jun 3
Other
Latarche rejoins Verisk as chief digital officer for Specialty Business Solutions
By Rebecca DelaneyJune 3 - (The Insurer) - Paul Latarche has rejoined Verisk as chief digital officer of Verisk Specialty Business Solutions to support the global expansion of the Whitespace platform, the company said on Tuesday.Latarche most recently served as chief commercial officer for reinsuran...Reuters
Tue, Jun 3
Other
Owner suspends Pornhub, YouPorn, RedTube in France from Wednesday
PARIS, June 3 (Reuters) - The firm behind Pornhub, YouPorn and RedTube is suspending access to the adult content platforms in France from Wednesday, in a move that media said was in protest against a requirement for porn sites to verify that their users are 18 or older."I can confirm that Aylo h...Reuters
Tue, Jun 3
Stocks
Why Credo Technology Stock Exploded Higher Today
Shares of San Jose-based high-speed connectivity solutions provider Credo Technology Group (NASDAQ: CRDO) stock jumped 24.5% through 10:10 a.m. ET this morning after beating analyst forecasts last night.Heading into its fiscal fourth quarter of 2025, analysts forecast Credo would earn only $0.27 per...The Motley Fool
Tue, Jun 3
Other
Brazil trying to negotiate tariffs with US government, says Lula
SAO PAULO, June 3 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Tuesday that his country has been trying to negotiate tariffs with the United States, but vowed to take action if no agreement is reached."We could seek the WTO (World Trade Organization) or take measures of reci...Reuters
Tue, Jun 3
Forex
FOREX-Dollar rebounds from six-week low but tariff worries linger
Dollar index briefly hits lowest since late April and recoversUS manufacturing contracts for third monthEuro dented by slower euro zone inflationUS job openings rebound in April; layoffs pick upBy Saqib Iqbal Ahmed NEW YORK, June 3 (Reuters) - The U.S. dollar rose on Tuesday, pulling back from a ...Reuters
Tue, Jun 3
Other
Golf-Lang named U.S. assistant captain for Solheim Cup
June 3 (Reuters) - U.S. Solheim Cup Captain Angela Stanford named major champion Brittany Lang on Tuesday as her third assistant captain for next year's Solheim Cup at Bernardus Golf in the Netherlands.The 39-year-old Lang, who counts the 2016 U.S. Women's Open among her two titles on the LP...Reuters
Tue, Jun 3
Economic Indicator
US factory orders slump in April
WASHINGTON, June 3 (Reuters) - New orders for U.S.-manufactured goods dropped sharply in April and business spending on equipment appeared to have lost momentum at the start of the second quarter as the boost from front-loading of purchases ahead of tariffs faded.Factory orders fell 3.7% after an un...Reuters
Tue, Jun 3
