Business

Wall St edges higher at open with Mideast deal updates in focus

Friday, May 29 by SRN News

May 29 (Reuters) - Wall Street's main indexes opened higher on Friday, after closing at record highs the previous session, with markets awaiting details on reports that the U.S. and Iran had reached a deal. The Dow Jones Industrial Average rose 104.9 points, or 0.21%,... Read More.

Rule changes may only yield modest Fed balance sheet contraction

Friday, May 29 by SRN News

By Michael S. Derby NEW YORK, May 29 (Reuters) - Some people inside and outside the Federal Reserve agree that rule changes easing how much cash banks need to keep on hand for emergencies could allow the central bank to further cut the size of... Read More.

Unrealised losses at US private credit lenders deepen

Friday, May 29 by SRN News

By Patturaja Murugaboopathy May 29 (Reuters) - Unrealised losses at U.S. private credit lenders deepened in the first quarter to their worst level since 2022, while the amount of interest income they received in kind, rather than cash, stayed high, filings and data reviewed... Read More.

US travel group warns closing Newark airport to international travel could cost $8 billion annually

Friday, May 29 by SRN News

By David Shepardson WASHINGTON, May 29 (Reuters) - A group representing the U.S. travel industry said Friday that removing immigration officials from Newark airport would cause "immediate and lasting harm" and could cost the U.S. economy $8 billion annually in spending by tourists and strand... Read More.

Trump administration wants to raise North American auto content to 82%, with half from US

Friday, May 29 by SRN News

By David Shepardson, Emily Green, Nora Eckert and David Lawder WASHINGTON/MEXICO CITY, May 29 (Reuters) - The Trump administration wants to increase the level of regional content in North American-built vehicles to 82% to qualify for preferential treatment under the U.S.-Mexico-Canada Agreement on trade, with... Read More.

Private credit roundup: paper losses deepen at lenders

Friday, May 29 by SRN News

LONDON, May 29 (Reuters) - A Reuters analysis of first-quarter regulatory filings by private credit lenders showed paper losses deepened, underscoring market concerns this year over the sector's profitability and risks from AI disruption. The Reuters analysis of 51 business development companies, or BDCs,... Read More.

Blue Origin investigates rocket explosion as public is warned about possible wreckage washing ashore

Friday, May 29 by SRN News

CAPE CANAVERAL, Fla. (AP) - Jeff Bezos' Blue Origin is assessing damage to its launch pad after a rocket exploded during a test firing, creating a giant orange fireball seen and felt for miles around. The company fueled the massive New Glenn rocket Thursday... Read More.

Wall St futures steady as investors await Mideast deal updates; Dell soars

Friday, May 29 by SRN News

By Twesha Dikshit and Utkarsh Hathi May 29 (Reuters) - U.S. stock index futures were steady on Friday, after closing at record highs in the previous session, with markets awaiting details on reports that the U.S. and Iran had reached a deal.... Read More.

China’s low-key presence at Asia defence forum a lost opportunity, Australia says

Friday, May 29 by SRN News

By Raju Gopalakrishnan SINGAPORE, May 29 (Reuters) - China's decision to send only academics to Asia's biggest defence forum is a missed opportunity at a moment when countries need more "strategic reassurance" from Beijing, Australia's defence minister said on Friday. Speaking ahead of the three-day Shangri-La... Read More.

Gap, American Eagle fall as weak apparel demand signals constrained consumer spending

Friday, May 29 by SRN News

By Akriti Shah May 29 - Shares of apparel makers Gap and American Eagle Outfitters dropped 15% and 10%, respectively, in premarket trade on Friday after weak annual forecasts, as consumers curb discretionary spending amid a tough macroeconomic climate. Gap cut its annual sales forecast, while... Read More.

Current Weather

Wall St edges higher at open with Mideast deal updates in focus

Rule changes may only yield modest Fed balance sheet contraction

Unrealised losses at US private credit lenders deepen

Trump administration wants to raise North American auto content to 82%, with half from US

Private credit roundup: paper losses deepen at lenders

Blue Origin investigates rocket explosion as public is warned about possible wreckage washing ashore

Wall St futures steady as investors await Mideast deal updates; Dell soars

China’s low-key presence at Asia defence forum a lost opportunity, Australia says

Gap, American Eagle fall as weak apparel demand signals constrained consumer spending

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