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Asia shares retreat as Apple price hikes rain on chip parade

By Stella Qiu SYDNEY, June 26 (Reuters) - Asian shares pulled back on Friday after a stellar quarter, as Apple's hefty price hikes revealed the downside of booming chip demand, while the threat of Japanese intervention kept the yen from ...
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Oil down 2% amid resumption of Hormuz shipments even as vessel hit near Oman

By Mohi Narayan and Sam Li NEW DELHI, June 26 (Reuters) - Crude prices sank 2% on Friday and were headed for steep weekly losses amid easing supply concerns as more stranded oil tankers exited the Strait of Hormuz, even ...
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US moves ahead with $700 million jet engine sale to Turkey despite lawmaker concerns

By Humeyra Pamuk June 25 (Reuters) - President Donald Trump's administration has formally notified Congress of its intention to sell dozens of jet engines worth more than $700 million to Turkey, according to a copy of the formal notification seen ...
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Johns Hopkins University lays off over 100 employees, cites federal funding cuts

By Kanishka Singh WASHINGTON, June 25 (Reuters) - The Johns Hopkins University said on Thursday it laid off 110 employees this week, citing cuts in federal research funding, with the layoffs impacting administrative functions at the renowned academic institution. Here are ...
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Postal Service says it will not deliver ballots if states refuse to turn over voter lists under Trump proposal

(WASHINGTON) -- Under a newly proposed rule, the U.S. Postal Service will refuse to deliver mail-in ballots in states that do not hand over a list of approved voters to the Trump administration, Postmaster General David Steiner told the ...
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Kioxia shares slump 12% as AI-related stocks fall

TOKYO, June 26 (Reuters) - Shares of Japanese chipmaker Kioxia slid 12% on Friday after a report that ChatGPT maker OpenAI was considering delaying its initial public offering sparked a selloff in AI-related shares. Kioxia, previously called Toshiba Memory and ...
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Morning Bid: Chipflation

A look at the day ahead in European and global markets from Ankur Banerjee Just as investors were settling into the idea that the AI rally still had legs, Apple delivered a reality check that someone has to foot ...
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New York City freezes rents for one million apartments in Mayor Mamdani victory

By Jonathan Allen NEW YORK, June 25 (Reuters) - A New York City housing board voted on Thursday to freeze the rents for about one million regulated apartments for up to two years, fulfilling a central campaign promise of Mayor ...
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Trump signs agriculture-related executive orders, White House says

WASHINGTON, June 25 (Reuters) - U.S. President Donald Trump signed an agriculture related executive order on Thursday, the White House said, adding the move was aimed at strengthening the security of the United States' food supply. (Reporting by Jasper ...
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Texas school board to vote on required Bible readings in public education

AUSTIN, Texas (AP) - The Texas education board will vote Friday on a required reading list for more than 5 million public school students that includes Bible passages, widening conservative efforts to push Christian teachings in U.S. classrooms. The proposal ...
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Events like the World Cup can inspire young athletes and put parents on unfamiliar turf

FLAGSTAFF, Ariz. (AP) - Like the Winter Olympics, Masters Tournament and Formula 1 races before it, the World Cup is inspiring some young people to try a new sport and others to imagine themselves on an international stage someday. ...
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Italy regulator probes Microsoft over ‘Microsoft 365’ price hike

ROME, June 26 (Reuters) - Italy's antitrust authority said on Friday it had opened an investigation into Microsoft over alleged unfair commercial practices linked to the price hike of its "Microsoft 365" subscription. The regulator said the Windows maker ...
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