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Energy companies ride on oil gains as Iran-Israel conflict escalates
** S&P 500 energy index .SPNY up 1.6%, tracking higher crude prices O/R** Brent crude futures LCOc1 rise ~3% to $75.44/barrel; U.S. West Texas Intermediate crude CLc1 up 2.6% at $73.63/barrel** Crude prices gain on rising Iran-Israel conflict, although disruptions have so far spared major oil an...Reuters
Tue, Jun 17
Other
Germany's Merz says diplomacy offer to now-weakened Iran still stands
KANANASKIS, Canada, June 17 (Reuters) - German Chancellor Friedrich Merz said on Tuesday that the leadership in Tehran has been weakened by Israel's attacks in the past few days and will likely not return to its former strength."This regime is very weakened and will probably not return to it...Reuters
Tue, Jun 17
Other
U.S. RESEARCH ROUNDUP-Alphabet, Booking Holdings, Meta
June 17 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Alphabet, Booking Holdings and Meta on Tuesday. HIGHLIGHTS * Alphabet Inc GOOGL.O: Jefferies raises target price to $210 from $200* Amazon AMZN.O: Jeff...Reuters
Tue, Jun 17
Stocks
US STOCKS-Wall Street slips as Middle East conflict escalates
Indexes down: Dow 0.26%, S&P 500 0.36%, Nasdaq 0.45%Solar stocks down as Senate proposes to phase out tax creditsEli Lilly to acquire Verve Therapeutics for up to $1.3 blnBy Kanchana Chakravarty and Sukriti Gupta June 17 (Reuters) - Wall Street's main indexes slipped on Tuesday as the...Reuters
Tue, Jun 17
Commodities
No suggestion of outside interference in tanker collision, Frontline says
OSLO, June 17 (Reuters) - The collision near the Strait of Hormuz between the Front Eagle and another oil tanker will be investigated, but there is no suggestion of outside interference in the incident, ship owner Frontline FRO.OL said in a statement to Reuters on Tuesday.Reuters
Tue, Jun 17
Cryptocurrencies
Russia hits crypto farm in ramp up to illegal mining operators
Law enforcement authorities in Russia have closed down a large crypto mining farm that operated outside the law in the middle of Siberia. The industrial coin minting facility, which occupied almost 30,000 square meters of land, has been targeted amid an ongoing crackdown on illegal mining across the vast country. Russian court bans Bitcoin farm […]Cryptopolitan
Tue, Jun 17
Other
Petrobras, Chevron-led consortia pick up blocks in Foz do Amazonas auction
SAO PAULO, June 17 (Reuters) - A consortium between Brazil's state-owned oil company Petrobras PETR4.SA and ExxonMobil XOM.N was awarded five blocks in the controversial Foz do Amazonas basin in an auction held by the South American country's ANP authority on Tuesday. Another consortium, led...Reuters
Tue, Jun 17
Other
US appeals court to hear arguments on troop deployment in Los Angeles
Court to hear arguments on Trump's authority to deploy troopsJudge Breyer ruled Trump's National Guard deployment unlawfulCalifornia lawsuit says deployment violates state sovereignty and US lawsBy Dietrich Knauth June 17 (Reuters) - A federal appeals court will hear arguments on Tuesday ...Reuters
Tue, Jun 17
Other
Denmark willing to invest more in Greenland, Danish PM says
COPENHAGEN, June 17 (Reuters) - Denmark is willing to invest more in Greenland and grant the Arctic island greater authority over its foreign policy affairs, Danish Prime Minister Mette Frederiksen said on Tuesday."We are willing to invest more in the development of the Greenlandic society,"...Reuters
Tue, Jun 17
Stocks
South African rand subdued on risk-off mood, economic data eyed
JOHANNESBURG, June 17 (Reuters) - The South African rand was down marginally on Tuesday, despite fragile risk sentiment driven by the Israel-Iran conflict, and ahead of key domestic economic data on Wednesday.At 1403 GMT the rand traded at 17.85 against the dollar ZAR=D3, 0.2% softer than Monday'...Reuters
Tue, Jun 17
Stocks
3 Cheap Tech Stocks to Buy Right Now
Technology has been the market's top-performing sector over the past five years, and it remains one of the most reliable engines of long-term growth. However, not every strong company in the space is performing well right now -- some well-established names have seen their stock prices decline despit...The Motley Fool
Tue, Jun 17
Other
Ukraine eyes GDP-linked debt talks after imminent IMF review
LONDON, June 17 (Reuters) - A soon-to-be-released review by the International Monetary Fund of Ukraine's debt sustainability is the next logical opportunity to restart broken-down talks over restructuring its GDP-linked warrants, said the country's debt chief Yuriy Butsa. Butsa told the F...Reuters
Tue, Jun 17
Commodities
EPNG Declares Force Majeure At Laguna Station
June 17 (Reuters) - KINDER MORGAN'S KMI.N EL PASO NATURAL GAS COMPANY, L.L.C (EPNG):DECLARES FORCE MAJEURE AT LAGUNA STATIONSAYS EXPERIENCED AN EQUIPMENT FAILURE ASSOCIATED WITH ITS LAGUNA COMPRESSOR STATION LOCATED IN CIBOLA COUNTY, NEW MEXICO AND AS SUCH THE STATION IS CURRENTLY UNAVAILABLEReuters
Tue, Jun 17
Stocks
LIVE MARKETS-US stocks dip amid the continuing Middle East conflict; Fed meeting kick off
Main US indexes modestly redMay industrial prod 3%US 10-year Treasury yield edges down to ~4.43% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You...Reuters
Tue, Jun 17
Cryptocurrencies
The Israel-Iran conflict set to accelerate Fed rate cuts amid CNN conflicting assessment reports
The US Federal Reserve will likely continue pausing rate cuts on Wednesday, but the conflict between Israel and Iran could change their position in the meeting. Owing to the contradictory assessments from American intelligence and Israeli military action, economic analysts see the geopolitical tensions forcing the Fed into an earlier-than-expected rate cut. Tensions between the […]Cryptopolitan
Tue, Jun 17
Cryptocurrencies
Coinbase seeking US SEC approval to offer blockchain-based stocks
Move would let Coinbase offer stock trading via blockchainDigital tokens would represent ownership of securitiesProponents say tokenized equities could cut trading costsBy Hannah Lang June 17 (Reuters) - Coinbase is seeking a green light from the U.S. Securities and Exchange Commission to offer &...Reuters
Tue, Jun 17
Stocks
Natgas companies gain on rising LNG, power demand forecasts
** Shares of U.S. natural gas companies up, tracking a rise in natgas futures NGA/** U.S. natgas futures NGc1 up 2.4% at $3.83 per million British thermal units, putting the contract on track for its highest close since May 9** Natural gas prices edge up on expectations that the demand for the fuel ...Reuters
Tue, Jun 17
Other
Teamworks Raises $235M At $1B+ Valuation To Accelerate AI-Powered Innovation
June 17 (Reuters) - Teamworks: TEAMWORKS RAISES $235M AT $1B+ VALUATION TO ACCELERATE AI-POWERED INNOVATIONTEAMWORKS: SECURED $235 MILLION IN OVERSUBSCRIBED SERIES F FINANCING LED BY RETURNING INVESTOR DRAGONEER INVESTMENT GROUPReuters
Tue, Jun 17
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