Business

Foxconn has ‘immense confidence’ in growth momentum due to AI, chairman says

Thursday, May 28 by SRN News

NEW TAIPEI, Taiwan May 29 (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker, has "immense confidence" in its growth momentum because of soaring AI demand, Chairman Young Liu said on Friday. The company, Nvidia's biggest server maker and Apple's top iPhone assembler, this... Read More.

BHP’s Port Hedland electrical workers to vote on work stoppage after six months of stalled talks

Thursday, May 28 by SRN News

May 29 (Reuters) - Electrical workers at BHP's Port Hedland bulk port terminal will vote on work stoppages following six months of failed talks with management, the Electrical Trades Union said in a statement on Friday. The ballot follows six months of stonewalling... Read More.

Apollo’s president sees continued withdrawals from US private credit funds for the wealthy

Thursday, May 28 by SRN News

By Isla Binnie NEW YORK, May 28 (Reuters) - Apollo Global Management President Jim Zelter said on Thursday he expects wealthy individuals to keep trying to withdraw their money from some private credit funds after several months of outflows from the vehicles. Investors pulled out more... Read More.

Hedgeye launches ETF focusing on index inclusion candidates

Thursday, May 28 by SRN News

By Suzanne McGee PROVIDENCE, RHODE ISLAND, May 28 (Reuters) - Hedgeye Asset Management rolled out a new exchange-traded fund designed to profit from the forced buying on the part of index funds and asset managers who try to hew closely to index allocations whenever their... Read More.

Disney files early ABC station license renewal applications

Thursday, May 28 by SRN News

WASHINGTON, May 28 (Reuters) - Walt Disney on Thursday filed applications for early license review with the Federal Communications Commission for its eight ABC television stations after President Donald Trump pressured the regulatory agency to take action. The early reviews - the first for a... Read More.

Anthropic vaults to a $965 billion valuation with new funding as Claude demand surges

Thursday, May 28 by SRN News

Artificial intelligence company Anthropic said Thursday it raised $65 billion in private funding that will push its valuation to $965 billion, a whopping number that makes the five-year-old maker of the Claude chatbot one of the world's most valuable startups as it careens toward... Read More.

Gap cuts annual sales forecast on pressured discretionary spending, shares plunge

Thursday, May 28 by SRN News

May 28 (Reuters) - Apparel retailer Gap cut its annual sales forecast on Thursday, signaling pressure from budget-strained Americans pulling back on discretionary spending amid macroeconomic uncertainty, sending shares down about 14% after the bell. Apparel maker American Eagle Outfitters' shares also tumbled about 11%... Read More.

Costco beats sales estimate on steady demand for affordable essentials

Thursday, May 28 by SRN News

May 28 (Reuters) - Costco Wholesale topped market expectations for third-quarter U.S. same-store sales on Thursday, helped by demand for food and other essentials at its membership-only stores. As fuel prices exceed $4 a gallon and food costs remain high, membership warehouse clubs such as... Read More.

US Federal Trade Commission probes rising fertilizer prices

Thursday, May 28 by SRN News

By Tom Polansek CHICAGO, May 28 (Reuters) - The U.S. Federal Trade Commission said on Thursday it has been investigating fertilizer prices, which spiked after the start of the U.S.-Israeli war on Iran. Soaring prices for fertilizer and fuel due to the conflict have pinched farmers... Read More.

Brazil rare earths miner Viridis to sell to US, European buyers, not China, CEO says

Thursday, May 28 by SRN News

By Oliver Griffin SAO PAULO, May 28 (Reuters) - Australian rare earths miner Viridis Mining and Minerals is in advanced discussions with potential offtake buyers in Europe and the U.S. for its Colossus mine in Brazil's Minas Gerais state, CEO Rafael Moreno told Reuters, adding... Read More.

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Current Weather

Foxconn has ‘immense confidence’ in growth momentum due to AI, chairman says

BHP’s Port Hedland electrical workers to vote on work stoppage after six months of stalled talks

Apollo’s president sees continued withdrawals from US private credit funds for the wealthy

Hedgeye launches ETF focusing on index inclusion candidates

Disney files early ABC station license renewal applications

Anthropic vaults to a $965 billion valuation with new funding as Claude demand surges

Gap cuts annual sales forecast on pressured discretionary spending, shares plunge

Costco beats sales estimate on steady demand for affordable essentials

US Federal Trade Commission probes rising fertilizer prices

Brazil rare earths miner Viridis to sell to US, European buyers, not China, CEO says

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