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By Anna Szymanski June 5 (Reuters) – Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers! Markets entered this week riding high as traders held out hopes for both an end to the three-month-old Iran conflict and an unabated AI boom. But they were disappointed on both fronts. While the AI frenzy helped boost […]

June 5 (Reuters) – Global equity fund inflows surged to a three-week high in the week to June 3 as a set of robust earnings in the technology sector and investor enthusiasm over the AI boom bolstered demand. According to LSEG Lipper data, global equity funds attracted a net $21.44 billion during the week, the largest amount since May 13. Dell and HP reported blockbuster results and rallied 42.6% and […]

June 5 (Reuters) – Global equity fund inflows surged to a three-week high in the week to June 3 as a set of robust earnings in the technology sector and investor enthusiasm over the AI boom bolstered demand. According to LSEG Lipper data, global equity funds attracted a net $21.44 billion during the week, the largest amount since May 13. Dell and HP reported blockbuster results and rallied 42.6% and […]

By Howard Schneider WASHINGTON, June 5 (Reuters) – Federal Reserve officials’ waning concern about the job market, so intense at the start of the year that it supported calls by many of them for interest rate cuts, will be tested on Friday with new data that also frames the opening debate of Kevin Warsh’s term as head of the U.S. central bank. Economists polled by Reuters expect U.S. employers created […]

By Mike Scarcella WASHINGTON, June 5 (Reuters) – U.S. President Donald Trump’s administration will ask an appeals court on Friday to allow construction of a $400 million ballroom on the site of the White House’s demolished East Wing, pitting Trump against preservationists in a case testing the limits of presidential authority. The East Wing, part of the White House complex in Washington, traditionally housed the offices of the first lady and […]

By John Kruzel WASHINGTON, June 5 (Reuters) – The U.S. Supreme Court in a pair of rulings backing the power of federal agencies has reaffirmed limits it previously imposed on government regulators but rejected bids by challengers to push those constraints into new territory. The court, which has a 6-3 conservative majority, issued decisions on Thursday in two cases that went in favor of the Federal Communications Commission and Securities […]

By Doyinsola Oladipo NEW YORK, June 5 (Reuters) – In April, Travis Arcamone was named flight attendant of the year at Spirit Airlines’ Orlando, Florida, base. A month later, he was out of a job, after the company failed to find a way out of a second bankruptcy and collapsed in early May. Spirit’s demise has left thousands of employees scrambling for work in an industry where getting rehired can […]

June 5 (Reuters) – Lululemon Athletica shares dropped 12% in premarket trade on Friday after bleak quarterly and annual profit outlooks deepened concerns over the yoga apparel maker’s turnaround amid slowing U.S. demand, competition and tariff costs. The stock is on track to lose more than $1.7 billion from its market value of $14.44 billion if losses hold. The weak forecasts intensified pressure on the stock, which has lost nearly […]

BUNIA, Congo (AP) — The rare Bundibugyo type of Ebola that Congo is battling took locals by surprise after weeks of spreading unnoticed. Hundreds of cases were suspected when the outbreak was declared in May, but many dismissed the news as a “Western conspiracy.” Congolese authorities announced the new Ebola outbreak on May 15. As of Wednesday, at least 62 people had died from 363 confirmed cases. Yet the outbreak […]