Business

Prediction markets look to institutional investors for next phase of growth

Wednesday, May 27 by SRN News

By Laura Matthews, Anirban Sen, Manya Saini and Niket Nishant NEW YORK/BENGALURU, May 27 (Reuters) - Prediction market platforms including Kalshi are making a big push to attract top institutional investors and hedge funds, a move that could ripple through traditional finance even as... Read More.

Airbus Defence chief rules out total failure of FCAS fighter jet project

Wednesday, May 27 by SRN News

BERLIN, May 27 (Reuters) - The head of Airbus Defence ruled out the complete failure of the crisis-hit Franco-German FCAS fighter jet project, saying at least a networking system for weapons and drone programme would go ahead. • Plans to develop... Read More.

Morning Bid: Out of the blue chips

Wednesday, May 27 by SRN News

By Mike Dolan May 27 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The chips are indeed blue. The market scramble for AI stocks seems to know no bounds. Memory chipmaker Micron Technology briefly entered the $1... Read More.

Michael Kors parent Capri forecasts annual profit above estimates

Wednesday, May 27 by SRN News

May 27 (Reuters) - Capri Holdings forecast annual profit above Wall Street estimates on Wednesday as the company bets on its turnaround strategy focused on reviving Michael Kors to offset declining demand. Shares of the New York-based firm rose 1% in premarket trading. The... Read More.

US mortgage rate rises to nine-month high

Wednesday, May 27 by SRN News

May 27 (Reuters) - The rate on the most popular U.S. home loan rose to a nine-month high last week, as the Iran war kept oil prices elevated, fueling inflation concerns and pushing benchmark U.S. Treasury yields higher. The average 30-year fixed-rate mortgage rose... Read More.

Russian lawmakers want banks and their staff to help fight Ukrainian drones

Wednesday, May 27 by SRN News

Russian bank staff and branches could be joining the fight against Ukrainian drone attacks under an ambitious plan approved by the country's lower house of parliament. The banks would bear the cost of installing electronic jamming systems on their premises while selected employees would also... Read More.

Spanish police search headquarters of PM Sánchez’s ruling Socialist party

Wednesday, May 27 by SRN News

BARCELONA, Spain (AP) - Spanish police searched the headquarters of the ruling Socialist Party on Wednesday as part of an investigation into possible financial wrongdoing linked to party member who allegedly tried to influence police and legal cases that could damage the party. The raid... Read More.

These are the five least expensive new cars you can buy in 2026, according to Edmunds

Wednesday, May 27 by SRN News

Buying a car is a major investment, especially when everyday costs keep rising. It can seem especially daunting given that the average price of a new vehicle is close to $50,000 in 2026. This is why the experts at Edmunds have compiled a list... Read More.

The US is a two-time World Cup host. Without Lamar Hunt, it is likely neither would have happened

Wednesday, May 27 by SRN News

KANSAS CITY, Mo. (AP) - The most enduring memories that Clark and Dan Hunt share of their father, the sports tycoon Lamar Hunt, have less to do with all the World Cup games they saw together and more to do with the long, strange... Read More.

Supply shock, debt may hurt central bank independence, ex-Fed executive says

Wednesday, May 27 by SRN News

By Leika Kihara TOKYO, May 27 (Reuters) - Pressures on central bank independence are likely to grow as public dissatisfaction over supply-shock-driven inflation may tempt politicians to assign blame to central banks, former Federal Reserve executive Donald Kohn said on Wednesday. U.S. President Trump's efforts to... Read More.

Current Weather

Prediction markets look to institutional investors for next phase of growth

Airbus Defence chief rules out total failure of FCAS fighter jet project

Morning Bid: Out of the blue chips

Michael Kors parent Capri forecasts annual profit above estimates

US mortgage rate rises to nine-month high

Russian lawmakers want banks and their staff to help fight Ukrainian drones

Spanish police search headquarters of PM Sánchez’s ruling Socialist party

These are the five least expensive new cars you can buy in 2026, according to Edmunds

The US is a two-time World Cup host. Without Lamar Hunt, it is likely neither would have happened

Supply shock, debt may hurt central bank independence, ex-Fed executive says

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