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Gas prices are falling despite the Iran war’s impact. Will it last?

(NEW YORKI) --Drivers stung by high gas prices have enjoyed some welcome relief over the last couple of weeks, even as the impact of the Iran war continues to choke off oil supply.The national average price of a gallon of gas stood at $4.26 ...
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US will stick to tariff caps in deals with EU, Japan and others, US trade chief says

By Leigh Thomas PARIS, June 4 (Reuters) - The United States will respect the tariff caps in trade deals struck with the European Union, Japan and others and planned new U.S. tariffs over forced labour provide the legal basis to do so, U.S. Trade Representative ...
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Jack Daniel’s maker Brown-Forman posts stronger sales, sees challenging demand ahead

June 4 (Reuters) - Whiskey maker Brown-Forman on Thursday warned of strained consumer spending behavior for the year even as the Jack Daniel's maker reported better-than-expected quarterly sales on the back of steady demand for premium spirits. Shares of the Kentucky-based company rose 3% in ...
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Paramount+ to stream UFC main cards in Canada from 2027

June 4 (Reuters) - Paramount Skydance and the Ultimate Fighting Championship on Thursday announced a six-year deal, under which UFC's numbered event main cards in Canada will be streamed exclusively on Paramount+ starting next year. The deal is the latest step in Paramount's push to ...
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US jobless aid filings, a proxy for layoffs, hit highest level since Iran war began in February

WASHINGTON (AP) - The number of Americans filing for jobless aid hit their highest level in four months last week, but layoffs remain historically low despite ongoing economic uncertainty brought on by the war in Iran. U.S. applications for unemployment benefits for the week ending ...
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CrowdStrike drops as revenue growth fails to impress investors despite AI push

June 4 (Reuters) - CrowdStrike shares slid 11% in Thursday's premarket trading after the cybersecurity firm's annual recurring revenue (ARR) growth failed to impress investors expecting a boost from AI investments. The stock had rallied 60% in May. CrowdStrike's ARR grew 22% year-over-year to $4.44 billion, ...
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Nasdaq futures lead declines after Broadcom drop

June 4 (Reuters) - S&P 500 and Nasdaq 100 futures fell on Thursday, as Broadcom's revenue miss pressured chip stocks, while equity investors took a breather after a strong rally to record highs. Broadcom shares slumped 12.4% in premarket trading after the chipmaker also ...
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US bank regulators to tout deregulatory agenda to lawmakers

By Pete Schroeder WASHINGTON, June 4 (Reuters) - The nation's top bank regulators plan to tell Congress on Thursday that their efforts to trim bank rules and oversight will bolster economic activity and innovation without injecting undue risk into the financial system. The regulatory chiefs of ...
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India’s Modi meets Delcy Rodriguez as India expands Venezuela oil imports

NEW DELHI (AP) - Indian Prime Minister Narendra Modi held talks with Venezuela's acting President Delcy Rodriguez on Thursday as New Delhi seeks to deepen ties with the oil-rich South American nation following disruptions in global energy supplies. Rudrendra Tandon, a senior official in ...
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Global airline chiefs to confront Iran war fuel shock at industry summit

By Rajesh Kumar Singh RIO DE JANEIRO, June 4 (Reuters) - Global airline bosses gathering in Rio de Janeiro this weekend will be searching for answers to the industry's biggest crisis since the pandemic, with the Iran war driving up jet fuel costs, forcing flight ...
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BOJ expected to raise interest rates in June, sources say

By Leika Kihara TOKYO, June 4 (Reuters) - The Bank of Japan is expected to raise interest rates this month unless a sharp escalation in the Middle East conflict upends markets, three sources said, as rising fuel costs from the energy shock add to mounting ...
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US Castlelake looking at MSC shipping giant as partner for easyJet bid, report says

ROME, June 4 (Reuters) - U.S. investment firm Castlelake is looking at MSC, the world's largest shipping group, as a partner in a consortium for a potential takeover bid on British budget airline easyJet, Italian daily Corriere della Sera reported on Thursday. Castlelake said last ...
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