Business

Build-A-Bear shares on track for biggest drop ever on weak revenue outlook

Thursday, August 27 by SRN News

By Caroline Valetkevitch NEW YORK, Aug 27 (Reuters) - Shares of Build-A-Bear Workshop plunged on Thursday and were on pace for a record daily percentage drop after the retailer of customized stuffed animals reduced its revenue outlook for the second time this year and fired... Read More.

A fire at a gas and chemical plant in Russia’s Far East has killed 15

Thursday, August 27 by SRN News

A fire broke out at the Amur Gas Chemical Complex in Russia's Far East earlier this week, killing 15, the plant's management said Thursday. Video shared on social media showed crowds of workers fleeing for safety when the fire began at the complex on... Read More.

Major tech companies call for defensive surge to defeat AI-driven hacks

Thursday, August 27 by SRN News

By Raphael Satter WASHINGTON, Aug 27 (Reuters) - Major tech companies including OpenAI, Anthropic, Microsoft, Alphabet, and Amazon are calling for a society-wide defensive surge to defeat what they describe as an impending wave of hacks driven by artificial intelligence. In a joint letter issued Thursday,... Read More.

Mortgage rates rise, bringing the average rate on a 30-year home loan to where it was 4 weeks ago

Thursday, August 27 by SRN News

Mortgage rates ticked higher this week, nudging the average long-term U.S. home loan rate closer to its recent high for the year. The benchmark 30-year fixed rate mortgage rate edged up to 6.66% from 6.65% last week, mortgage buyer Freddie Mac said Thursday. One... Read More.

Fed’s Hammack tells Fox Business inflation likely to ease slowly

Thursday, August 27 by SRN News

Aug 27 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said Thursday the U.S. central bank is unlikely to get price pressures back to target even by next year, in an interview that also saw her reiterate her belief a rate hike... Read More.

Fed’s Collins says latest US inflation readings are ‘mixed’

Thursday, August 27 by SRN News

By Howard Schneider JACKSON HOLE, Wyoming, Aug 27 (Reuters) - The latest U.S. inflation report was "mixed," with the headline rate stronger than expected but driven higher by a patchwork of forces that on their own shouldn't push the U.S. central bank towards raising interest... Read More.

Iran scrambles to sustain trade as US threatens to sanction countries that refuse to break ties

Thursday, August 27 by SRN News

BEIRUT (AP) - Iran's economy, already strained by high inflation, years of Western sanctions and a war that has sharply reduced oil revenue, is poised for more instability as the Trump administration tries to coerce other countries into ending all financial dealings with the... Read More.

Visa, Mastercard launch international card payments in Syria after US lifts terrorism designation

Thursday, August 27 by SRN News

By Feras Dalatey DAMASCUS, Aug 27 (Reuters) - Visa and Mastercard carried out their first international card transactions in Syria on Wednesday, a major step in reconnecting the country with global payment networks days after Washington removed it from its state sponsors of terrorism list.... Read More.

Argentina, Chile revive cross-border mining framework for investment

Thursday, August 27 by SRN News

By Fabian Cambero and Lucila Sigal SANTIAGO/BUENOS AIRES, Aug 27 (Reuters) - Argentina and Chile are seeking to unlock billions of dollars in mining investment by advancing legal and regulatory frameworks that would allow companies to share infrastructure and resources across the Andes Mountains. Officials from... Read More.

Nasdaq leads Wall St after Nvidia quells AI fears

Thursday, August 27 by SRN News

Aug 27 (Reuters) - Wall Street's main indexes opened higher on Thursday, boosted by gains in technology stocks after chip giant Nvidia's blockbuster forecast renewed investor confidence in the AI trade. The Dow Jones Industrial Average rose 149.8 points, or 0.28%, to 53,613.66 at the... Read More.

Current Weather

Build-A-Bear shares on track for biggest drop ever on weak revenue outlook

A fire at a gas and chemical plant in Russia’s Far East has killed 15

Major tech companies call for defensive surge to defeat AI-driven hacks

Mortgage rates rise, bringing the average rate on a 30-year home loan to where it was 4 weeks ago

Fed’s Hammack tells Fox Business inflation likely to ease slowly

Fed’s Collins says latest US inflation readings are ‘mixed’

Iran scrambles to sustain trade as US threatens to sanction countries that refuse to break ties

Visa, Mastercard launch international card payments in Syria after US lifts terrorism designation

Argentina, Chile revive cross-border mining framework for investment

Nasdaq leads Wall St after Nvidia quells AI fears

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