Business

S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves

Monday, August 24 by SRN News

By Saeed Azhar, Purvi Agarwal and Niket Nishant NEW YORK, Aug 24 (Reuters) - The S&P 500 and Nasdaq ended lower on Monday, pulled down by technology stocks, as investors weighed fresh U.S. economic pressure against Iran and braced for a week that includes... Read More.

US SEC sends subpoenas to Wall Street banks over Situational Awareness, NYT reports

Monday, August 24 by SRN News

Aug 24 (Reuters) - The U.S. Securities and Exchange Commission has sent subpoenas to major Wall Street banks, seeking information about the trading of hedge fund Situational Awareness, the New York Times reported on Monday. The requests included details on the AI-focused fund's communications with... Read More.

Hormel Foods names former Tyson executive Ash Bhumbla as CFO

Monday, August 24 by SRN News

Aug 24 (Reuters) - Hormel Foods on Monday appointed former Tyson Foods executive Ash Bhumbla as chief financial officer, effective September, as the Skippy peanut butter maker continues with its leadership overhaul. Here are some details: • Bhumbla has previously served in CFO roles for Tyson... Read More.

Taiwan charges 9 over illegal AI server exports to China, including Nvidia and Super Micro staff

Monday, August 24 by SRN News

TAIPEI, Taiwan (AP) - Taiwanese prosecutors charged nine people Monday, including one from Nvidia and two from Super Micro, for illegally exporting "high-end AI servers" to mainland China, adding another wave of turbulence in the AI rivalry between China and the United... Read More.

From honey to hockey sticks, Trump’s trade war with Canada hikes tariffs on a long list of goods

Monday, August 24 by SRN News

CHICAGO (AP) - Honey. Makeup. Christmas decorations. And hockey sticks. Those are just a few of the hundreds of different Canadian products that President Donald Trump's administration has slapped with a 50% tax to enter the United States. The new tariffs, which kicked in Saturday,... Read More.

Trump threatens 50% tariffs on all cars and trucks from Canada amid trade fight

Monday, August 24 by SRN News

By David Shepardson and Daphne Psaledakis WASHINGTON, Aug 24 (Reuters) - President Donald Trump on Monday threatened to raise U.S. tariffs on all cars, trucks and automotive parts from Canada to 50% starting January 1, 2027, escalating a trade fight after negotiations collapsed last week. The... Read More.

Hyundai Motor’s union reaches tentative wage deal with management, Yonhap reports

Monday, August 24 by SRN News

Aug 25 (Reuters) - Hyundai Motor's South Korean union reached a tentative agreement with management on a 100,000 won ($72.31) monthly base salary increase, Yonhap News Agency reported on Tuesday. The deal comes after the union staged its first full strike in a decade... Read More.

Newsom returns to a defining California fight: Who pays for wildfire damage?

Monday, August 24 by SRN News

SACRAMENTO, Calif. (AP) - The bookends of California Gov. Gavin Newsom's nearly eight years in office have been defined by a crucial question: Who should cover the cost of damage from wildfires caused by utility equipment? The most destructive wildfire in state history, a blaze... Read More.

Britain tells TikTok and other platforms to remove videos glorifying dangerous driving after deaths

Monday, August 24 by SRN News

LONDON (AP) - Britain's government Monday urged TikTok and other social media companies to take down viral videos "celebrating" dangerous driving, after two police officers and five young men were killed in a crash when a car was driven down the wrong side of... Read More.

Wall Street opens lower as high-stakes Iran, inflation tests loom

Monday, August 24 by SRN News

Aug 24 (Reuters) - Wall Street's main indexes opened lower on Monday as investors weighed the U.S. pledge of an "economic D-Day" against Iran while awaiting AI giant Nvidia's quarterly results and a closely watched inflation report later this week. The Dow Jones Industrial Average... Read More.

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Current Weather

S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves

US SEC sends subpoenas to Wall Street banks over Situational Awareness, NYT reports

Hormel Foods names former Tyson executive Ash Bhumbla as CFO

Taiwan charges 9 over illegal AI server exports to China, including Nvidia and Super Micro staff

Trump threatens 50% tariffs on all cars and trucks from Canada amid trade fight

Hyundai Motor’s union reaches tentative wage deal with management, Yonhap reports

Newsom returns to a defining California fight: Who pays for wildfire damage?

Britain tells TikTok and other platforms to remove videos glorifying dangerous driving after deaths

Wall Street opens lower as high-stakes Iran, inflation tests loom

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