Business

US SEC investigating Situational Awareness trades that led to July meltdown, source says

Monday, August 24 by SRN News

Aug 24 (Reuters) - The U.S. Securities and Exchange Commission is investigating the timing of trades that led to steep losses at AI-focused hedge fund Situational Awareness, a source familiar with the matter told Reuters on Monday. The regulator is also looking into the fund's... Read More.

Trading Day: Tech, tariffs & Treasuries

Monday, August 24 by SRN News

By Jamie McGeever ORLANDO, Florida, Aug 24 (Reuters) - U.S. bond yields fell and tech weighed on U.S. stocks on Monday, as investors digested a raft of economic measures and developments coming out of Washington: U.S. Treasury's plans to increase buybacks of long-dated bonds, new... Read More.

Shein’s stock market listing will not mask sustainability challenges

Monday, August 24 by SRN News

By Helen Reid and Simon Jessop LONDON, Aug 25 (Reuters) - Shein is finally going public, but in a far more hostile world than when the Chinese online retail giant's IPO journey began five years ago. The company has worked hard to address environmental, social and... Read More.

Boeing awarded contract with ceiling value of $131.2 billion for F-15 program

Monday, August 24 by SRN News

Aug 24 (Reuters) - The U.S. Department of War on Monday awarded Boeing a $131.23 billion indefinite-delivery/indefinite-quantity (IDIQ) contract to support the F-15 Eagle Crest program, which oversees the F-15 fighter aircraft fleet. • The contract covers aircraft production, systems integration, upgrades and sustainment, including... Read More.

Judge rejects First Brands’ plan to pay down debts by pursuing lawsuits

Monday, August 24 by SRN News

By Dietrich Knauth NEW YORK, Aug 24 (Reuters) - A U.S. bankruptcy judge on Monday rejected auto parts maker First Brands' proposal to pay back creditors by pursuing litigation against insiders, instead converting the case to a more straightforward Chapter 7 liquidation. U.S. Bankruptcy... Read More.

Australia’s No. 2 grocer Coles posts better-than-expected annual profit

Monday, August 24 by SRN News

Aug 25 (Reuters) - Australia's Coles Group reported a better-than-expected annual profit on Tuesday, helped by stable financing cost savings as well as strong margin expansion and performance in the supermarkets business. The country's second-largest grocer reported underlying net profit of A$1.26... Read More.

Tesla stops selling solar roofs a decade after launch

Monday, August 24 by SRN News

Aug 24 (Reuters) - Tesla has stopped selling premium solar roof tiles on its website, nearly a decade after CEO Elon Musk launched the product as a more attractive alternative to panels. • Tesla's solar roof url now redirects to a solar panels offering. • Discontinuation... Read More.

US Treasury to stick to debt auction schedule despite bigger buybacks, Bessent says

Monday, August 24 by SRN News

By David Lawder and Dan Burns WASHINGTON, Aug 24 (Reuters) - The U.S. Treasury will continue with its regularly scheduled debt auctions, including for long-dated bonds, despite its move to increase buyback sizes of 10- to 30-year securities, Treasury Secretary Scott Bessent said on Monday. Asked... Read More.

US ethanol credit prices slump after EPA delays biofuel compliance deadline

Monday, August 24 by SRN News

By Siddharth Cavale and Shariq Khan NEW YORK, Aug 24 (Reuters) - Prices for U.S. ethanol blending credits plunged on Monday to their lowest levels in more than four months, market sources said, after the Environmental Protection Agency said it would extend a September 1... Read More.

WestJet cabin crew approve proposed deal after strike

Monday, August 24 by SRN News

Aug 24 (Reuters) - WestJet flight attendants on Monday voted to accept a tentative agreement that would boost wages by more than 18% over three years, their union said, after they held a strike that caused hundreds of cancellations earlier this month. The airline's... Read More.

Current Weather

US SEC investigating Situational Awareness trades that led to July meltdown, source says

Trading Day: Tech, tariffs & Treasuries

Shein’s stock market listing will not mask sustainability challenges

Boeing awarded contract with ceiling value of $131.2 billion for F-15 program

Judge rejects First Brands’ plan to pay down debts by pursuing lawsuits

Australia’s No. 2 grocer Coles posts better-than-expected annual profit

Tesla stops selling solar roofs a decade after launch

US Treasury to stick to debt auction schedule despite bigger buybacks, Bessent says

US ethanol credit prices slump after EPA delays biofuel compliance deadline

WestJet cabin crew approve proposed deal after strike

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