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Trump administration seeks pause of second tariff case after loss
Two courts have ruled that Trump's tariffs exceed the president's authorityTrump administration is appealing both rulingsTariffs remain in effect for now, after an earlier appeals court rulingBy Dietrich Knauth NEW YORK, June 2 (Reuters) - The Trump administration on Monday asked a U.S. a...Reuters
Mon, Jun 2
Stocks
Why Oil and Gas Stocks Rallied Today
Shares of major international oil and oil-related stocks such as TotalEnergies (NYSE: TTE), APA (NASDAQ: APA), and oil tanker company Torm plc (NASDAQ: TRMD) rallied on Monday, with the stocks up 2.6%, 4.4%, and 3.4%, respectively, as of 12:45 p.m. ET.TotalEnergies has made strides to become more di...The Motley Fool
Mon, Jun 2
Other
Mangrove places inaugural June 1 cat reinsurance program
By Rebecca DelaneyJune 2 - (The Insurer) - Florida-based startup Mangrove Property Insurance has placed its inaugural catastrophe reinsurance program at the June 1 renewal, the company said on Monday.The cat reinsurance program will enable Mangrove to withstand "significant" storms during th...Reuters
Mon, Jun 2
Commodities
PRECIOUS-Gold climbs to over 3-week high as dollar weakens, geopolitical and trade tensions mount
Bullion at an over 3-week highSilver at an over 7-month peakTrump plans to double steel, aluminium tariffs to 50%Dollar down 0.5% against its rivalsRussia-Ukraine tensions escalate ahead of peace talksBy Sherin Elizabeth Varghese June 2 (Reuters) - Gold rose more than 2% on Monday to its highest ...Reuters
Mon, Jun 2
Cryptocurrencies
Will Shiba Inu (SHIB) or Mutuum Finance (MUTM) Be The Next Crypto to Explode from Under $1 ?
In the cryptocurrency game of the next coin to blow up, investors are looking at potential coins well below $1. Shiba Inu (SHIB), which trades at $0.000014, still fascinates the market with its lively community and increasing utility, making it one of the best cheap cryptos to purchase now for those who want explosive growth. […]Cryptopolitan
Mon, Jun 2
Other
Aon appoints Marcell as CEO of global solutions
By Isha MaratheJune 2 - (The Insurer) - Aon has appointed to serve as CEO of global solutions.In his new role, Marcell will lead Aon's integrated risk capital and human capital capabilities across its reinsurance, commercial risk, health, wealth and talent teams. Marcell most recently ser...Reuters
Mon, Jun 2
Other
Hundreds of California bar exam-takers move from fail to pass with new scoring
By Karen Sloan June 2 (Reuters) - More than 200 people who took California’s disastrous February bar exam will go from failing to passing under a new round of grading changes approved on Friday, boosting the test’s overall pass rate from 56% to 63% — nearly double the state's historical avera...Reuters
Mon, Jun 2
Other
Lloyd’s capacity tips towards small and mid-sized syndicates: Howden Re
June 2 - (The Insurer) - Lloyd’s gross premiums were predominantly driven by volume growth rather than price increases in 2024, marking a shift from prior years as small and mid-sized syndicates increase underwriting capacity amid moderating prices, Howden Re said in a report published on Monday.The...Reuters
Mon, Jun 2
Other
Russia sets out punitive terms at peace talks with Ukraine
Two sides talk for barely an hour in IstanbulLeaked memo details stringent Russian demandsSecond round of direct negotiations since 2022Warring sides agree on humanitarian stepsErdogan wants Putin, Zelenskiy, Trump to meet in Turkey By Vladimir Soldatkin, Tom Balmforth and Huseyin Hayatsever ISTA...Reuters
Mon, Jun 2
Commodities
GRAINS-Soybeans fall to seven-week low; corn eases, wheat climbs
By Julie Ingwersen CHICAGO, June 2 (Reuters) - Chicago Board of Trade soybean and soyoil futures fell to their lowest levels in seven weeks on Monday on worries about demand for U.S. oilseed supplies and generally favorable crop weather, analysts said. Corn futures followed soybeans lowe...Reuters
Mon, Jun 2
Other
Musk's xAI launches $5 billion debt sale, seeks $113 billion valuation, media reports say
June 2 (Reuters) - Morgan Stanley MS.N is shopping a $5 billion debt package for Elon Musk's xAI and the artificial intelligence company is seeking a valuation of $113 billion in a share sale worth $300 million, according to media reports on Monday.The debt sale, launched Monday, includes a term...Reuters
Mon, Jun 2
Other
U.S. nuclear deal offer allows Iran to enrich uranium - Axios
WASHINGTON, June 2 (Reuters) - The nuclear deal proposal the United States gave to Iran on Saturday would allow Tehran limited low-level uranium enrichment capability for a period of time, Axios reported on Monday, citing two unidentified sources with direct knowledge.Reuters
Mon, Jun 2
Commodities
Saudi ARAMCO completes $5 billion issuance of bonds across three tranches
CAIRO, June 2 (Reuters) - Saudi Aramco 2222.SE announced on Monday that it completed a $5 billion issuance of bonds across three tranches under its Global Medium Term Note Program.It said $1.5 billion in senior notes will mature in 2030, $1.25 billion senior notes in 2035 and $2.25 billion notes in ...Reuters
Mon, Jun 2
Other
Victor rejigs senior leadership with Stephenson as UK and Australia CEO
By Michael JonesJune 2 - (The Insurer) - Victor Insurance has made several internal leadership changes including the appointment of John Stephenson to CEO of both Victor Insurance UK and Victor Australia, the company said on Monday.Stephenson has been promoted from his previous role as UK country ma...Reuters
Mon, Jun 2
Commodities
EXCLUSIVE-US pushes countries for best offers by Wednesday as tariff deadline looms
By Jarrett Renshaw June 2 (Reuters) - The Trump administration wants countries to provide their best offer on trade negotiations by Wednesday as officials seek to accelerate talks with multiple partners ahead of a self-imposed deadline in just five weeks, according to a draft letter to negotiatin...Reuters
Mon, Jun 2
Commodities
Panama has canceled registry of more than 650 ships amid sanctions, stricter rules
PANAMA CITY, June 2 (Reuters) - Panama's Maritime Authority has canceled the registry of more than 650 vessels since 2019 as part of an effort to fulfill U.S. sanctions and enforce stricter rules for the ships it flags, it said in a release on Monday. A total of 214 vessels have been withdrawn f...Reuters
Mon, Jun 2
