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Shell Pauses $3B Buyback as ARC Acquisition Vote Nears, June 13
Shell pauses $3B buyback program from June 12 to July 14 ahead of ARC Resources acquisition shareholder vote. Stock trades at $85.71, down 0.40%.
Delta Passenger Faces 20 Years for Assault on Flight Attendant, June 12
Delta passenger indicted on federal felony charge for allegedly assaulting flight attendant, facing up to 20 years in prison.
US-Iran Peace Deal Nears as Trump Cancels Strikes, Oil Falls Below $90
Trump cancels Iran strikes as peace talks advance. Brent crude falls below $90/barrel on de-escalation hopes amid nuclear program disputes.
Bank of Japan Raises Rates to 1%, Highest Level Since 1995
BOJ set to raise rates to 1% on June 16, the highest since 1995, as inflation and weak yen force tightening action.
Cash App Enters Telecom Space with $40 Unlimited Phone Plan on AT&T Network Targeting Young Users
Cash App is making a major move beyond digital payments and personal finance by launching a new wireless phone service. The company has introduced a $40 per month unlimited phone plan that operates on the AT&T network, marking its entry into the highly competitive telecommunications market. The launch represents one of the biggest expansions in…
Mitsui Sumitomo Merger Targets ¥280B Profit by 2030, June 12
Mitsui Sumitomo Marine and Aioi Nissay Dowa merger targets ¥280B profit by 2030, reshaping Japan’s insurance competitive landscape.
IndiGo, HPCL Rally 3% as Crude Oil Falls Below $90 on Iran Peace Deal, June 12
IndiGo and HPCL surge as Trump signals Iran peace deal, crude oil drops below $90 on easing geopolitical tensions.
Mark Cuban Reverses Bitcoin Stance: Calls It ‘Lost the Plot’, June 12
Mark Cuban reverses Bitcoin stance, calling it ‘lost the plot’ after recommending a 10% speculative bet. BTCUSD trades at $63,398, down 27% YTD.
UK Economy Shrinks: GDP Drops 0.1% in April as Iran Conflict Sends Energy Costs Soaring and Growth Slows
The UK Economy faced a setback in April as the country’s Gross Domestic Product (GDP) fell by 0.1%, highlighting growing pressure from higher energy prices, weaker consumer demand, and increasing global uncertainty. The decline came at a time when geopolitical tensions involving Iran pushed energy costs higher, creating additional challenges for businesses and households. The…