Business

Marvell shares slide as concerns over timing of Google AI deal revenue eclipse strong results

Friday, August 28 by SRN News

Aug 28 (Reuters) - Marvell Technology's shares fell 8% to $223.1 in premarket trading on Friday as concerns about the potential upside from its AI chip deal with Google overshadowed better-than-expected results from the semiconductor designer. The company secured a custom-chip deal with Alphabet's Google... Read More.

UK warns against Israel removing it from Gaza ceasefire center, and other news in the Middle East

Friday, August 28 by SRN News

The U.K. government warned against any attempt by Israel to remove British officials from the Gaza ceasefire coordination center after reports that Israel was considering expelling U.K. and potentially other European officials. Here's a look at the latest developments Friday in the Iran war... Read More.

How to help after Nepal and Tibet’s catastrophic floods

Friday, August 28 by SRN News

As rescue teams continue searching for hundreds of people missing along the Nepal-China border following catastrophic floods, humanitarian organizations are mobilizing to aid survivors. Hundreds are dead or missing after a deadly torrent of water and mud several stories high swept through communities Wednesday following... Read More.

EV maker Lucid to recall more than 27,000 luxury sedans over fire risk, NHTSA says

Friday, August 28 by SRN News

Aug 28 (Reuters) - Electric vehicle maker Lucid is recalling 27,185 of its flagship Air luxury sedans in the U.S., because an exterior lighting circuit could overheat and increase the risk of a fire, the National Highway Traffic Safety Administration said on Friday. Here... Read More.

Kimberly-Clark seeks EU approval for $40 billion Kenvue deal

Friday, August 28 by SRN News

Aug 28 (Reuters) - Kimberly-Clark has asked EU regulators permission for its proposed $40 billion takeover of Tylenol maker Kenvue, documents on the EU Commission's website showed. • Kimberly-Clark announced the takeover in November last year. • The deal was expected to close in the second... Read More.

How Shein had to make peace with China to finally go public

Friday, August 28 by SRN News

Aug 28 (Reuters) - When Shein makes its market debut on Tuesday, it will be in Hong Kong and not New York or London like it once dreamed - symbolic of the long journey the fast-fashion online retailer has had to make to embrace... Read More.

Toyota sales, production fall on sharp declines in China, Middle East

Friday, August 28 by SRN News

TOKYO, Aug 28 (Reuters) - Toyota Motor said on Friday its global vehicle sales and production fell in July, weighed by declines in China, the United States and the Middle East, which offset a stronger performance in Japan. • Global sales fell 4.8% from a... Read More.

Morning Bid: Warsh heads into Jackson Hole hot seat

Friday, August 28 by SRN News

A look at the day ahead in European and global markets from Rae Wee All eyes are on a speech from the world's most powerful central banker later on Friday, with investors focused on what Federal Reserve Chair Kevin Warsh says about inflation and, specifically,... Read More.

German industry presses Merz for tougher China policy

Friday, August 28 by SRN News

By Maria Martinez and Rachel More BERLIN, Aug 28 (Reuters) - German industry is increasing pressure on Chancellor Friedrich Merz to take a tougher line with Beijing, with companies calling for stronger action to address what they describe as unfair competition from Chinese rivals. The growing... Read More.

September risks are stacking up hard and fast for world markets

Friday, August 28 by SRN News

By Sophie Kiderlin, Alun John and Samuel Indyk LONDON, Aug 28 (Reuters) - Traders will return from their August breaks to a host of risks for markets, including rising concern about high government debt and prolonged inflation. Here are some key things to watch. 1/... Read More.

Current Weather

Marvell shares slide as concerns over timing of Google AI deal revenue eclipse strong results

UK warns against Israel removing it from Gaza ceasefire center, and other news in the Middle East

How to help after Nepal and Tibet’s catastrophic floods

EV maker Lucid to recall more than 27,000 luxury sedans over fire risk, NHTSA says

Kimberly-Clark seeks EU approval for $40 billion Kenvue deal

How Shein had to make peace with China to finally go public

Toyota sales, production fall on sharp declines in China, Middle East

Morning Bid: Warsh heads into Jackson Hole hot seat

German industry presses Merz for tougher China policy

September risks are stacking up hard and fast for world markets

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