Reuters

By Jamie McGeever

(Reuters) - A look at the day ahead in Asian markets.

So much for 'bad news is bad news'. 

After struggling for days to take advantage of tumbling U.S. bond yields, pushed lower by increasingly gloomy signals on the U.S. growth outlook, Wall Street snapped back on Wednesday, surging over 1% and pushing the S&P 500 and Nasdaq to new highs.

Nvidia is a $3 trillion company, U.S. futures are... (continue reading...)

By Jonathan Stempel

(Reuters) - NetJets, the luxury plane unit of billionaire Warren Buffett's Berkshire Hathaway Inc, sued its 3,400-member pilots union for defamation over statements about its commitment to safety and training pilots.

The lawsuit filed on Monday in a state court in Columbus, Ohio, where NetJets is based, seeks unspecified damages.

It follows years of often contentious relations between the carrier and the... (continue reading...)

(Reuters) - Former U.S. President Donald Trump's license to carry a gun will likely be revoked by the New York City Policy Department following his conviction on charges of falsifying documents to cover up a payment to a porn star, CNN and NBC News reported on Wednesday.

CNN reported that Trump's concealed carry permit was suspended in April 2023 following his indictment on the charges.

(Reporting by Eric Beech and... (continue reading...)

JERUSALEM (Reuters) - Aharon Barak, a former president of Israel's Supreme Court, has resigned from his role as ad hoc judge on an International Court of Justice panel weighing a genocide allegation filed over the country's war in Gaza, officials said on Wednesday.

In a resignation letter dated June 4 and republished by Israeli media, the 87-year-old Barak cited unspecified personal and family reasons for his decision.

Under the ICJ's... (continue reading...)

By David Shepardson

WASHINGTON (Reuters) - The Federal Aviation Administration (FAA) said on Wednesday it is again extending cuts to minimum flight requirements at congested New York City-area airports through October 2025, citing air traffic controller staffing shortages.

The FAA said the number of controllers handling traffic in New York is insufficient for normal traffic levels and that without "increased flexibility," congestion,... (continue reading...)