Business

JPMorgan hiring Bank of America’s David Fishman as head of technology M&A, memo says

Friday, August 21 by SRN News

By Milana Vinn NEW YORK, Aug 21 (Reuters) - JPMorgan Chase is hiring veteran dealmaker David Fishman from Bank of America as part of a newly formed investment banking group to focus on key clients in the technology sector, according to a memo seen by... Read More.

Ken Griffin’s Citadel sheds over $4 billion of Situational Awareness’ bets

Friday, August 21 by SRN News

By Anirban Sen and Arasu Kannagi Basil Aug 21 (Reuters) - Billionaire investor Ken Griffin's Citadel has shed more than 80%, or $4 billion of bets, from the original portfolio of Leopold Aschenbrenner's Situational Awareness that it recently purchased, according to a letter to investors... Read More.

President Donald Trump announces plan to lower beef prices, but some Republicans are already balking

Friday, August 21 by SRN News

WASHINGTON (AP) - President Donald Trump announced Friday that his administration will allow more beef to be temporarily imported into the U.S. without triggering higher tariffs, as he remains under pressure to cut costs and address affordability issues ahead of November's midterms. The president said... Read More.

Wall St opens higher but weekly losses loom

Friday, August 21 by SRN News

Aug 21 (Reuters) - Wall Street's main indexes opened higher on Friday after getting hammered in the previous session, though markets remained on track to end the week in the red as surging government bond yields and geopolitical tensions weighed on risk appetite. The Dow... Read More.

US service sector fuels acceleration in business activity, S&P Global says

Friday, August 21 by SRN News

Aug 21 (Reuters) - The strongest growth in the U.S. services sector in nearly two years powered a sharp acceleration in overall business activity in August, offsetting a slowing of growth in a manufacturing sector being restrained by reduced stock building and supply disruptions... Read More.

Canada retail sales rise 0.6% in June, StatsCan says

Friday, August 21 by SRN News

By Promit Mukherjee OTTAWA, August 21 (Reuters) - Canada's retail sales rose 0.6% in June, beating an average analyst expectation of 0.4%, as sales jumped at clothing and general merchandise stores, data showed on Friday. Retail sales, which include purchases of cars, furniture, food and gasoline,... Read More.

Settlers kill a Palestinian teen in a West Bank clash, and other Middle East developments

Friday, August 21 by SRN News

A Palestinian teenager was killed by Israeli settlers Friday after a rock throwing incident in the occupied West Bank. Also, Turkey announced it is asking for an international warrant for the arrest of Israeli Prime Minister Benjamin Netanyahu for his role in stopping several boats... Read More.

VW’s Blume says overhead costs 30% above rivals, 50,000 jobs figure a guide

Friday, August 21 by SRN News

BERLIN, Aug 21 (Reuters) - Volkswagen CEO Oliver Blume said the German carmaker's overhead costs remain over 30% higher than those of comparable firms and that it must reduce that disadvantage to stay competitive, according to an internal company interview. "The frequently cited figure of... Read More.

China moves to wrap up saga of troubled property giant Evergrande after founder gets life sentence

Friday, August 21 by SRN News

HONG KONG (AP) - Chinese authorities are moving to finish cleaning up the mess left by the collapse of the Evergrande real estate empire, years after its default with some $300 billion in liabilities. A court in southern China's Guangzhou said Friday it had accepted... Read More.

This campaign aims to boost Black nonprofit fundraising by convincing everyday donors of their power

Friday, August 21 by SRN News

NEW YORK (AP) - Black nonprofit fundraisers are turning to their own communities for support this month, stressing everyday donors' power at a time when philanthropy is growing more concentrated among the affluent and some major funders have de-prioritized diversity in their grantmaking. The BackBlack... Read More.

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JPMorgan hiring Bank of America’s David Fishman as head of technology M&A, memo says

Ken Griffin’s Citadel sheds over $4 billion of Situational Awareness’ bets

President Donald Trump announces plan to lower beef prices, but some Republicans are already balking

Wall St opens higher but weekly losses loom

US service sector fuels acceleration in business activity, S&P Global says

Canada retail sales rise 0.6% in June, StatsCan says

Settlers kill a Palestinian teen in a West Bank clash, and other Middle East developments

VW’s Blume says overhead costs 30% above rivals, 50,000 jobs figure a guide

China moves to wrap up saga of troubled property giant Evergrande after founder gets life sentence

This campaign aims to boost Black nonprofit fundraising by convincing everyday donors of their power

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