Business

Fed’s Cook sees further inflationary pressures ahead

Monday, September 28 by SRN News

OAKLAND, California, Sept 28 (Reuters) - Federal Reserve Governor Lisa Cook said on Monday she expects continued inflationary pressure in coming months stemming from AI-related demand and higher oil prices, though she stopped short of saying more interest rate hikes will be needed. "The labor... Read More.

Oil prices rise for second session on continued Middle East supply concern

Monday, September 28 by SRN News

By Sumit Saha Sept 29 (Reuters) - Oil prices rose for a second successive session on Tuesday as lingering concern over Middle East supply disruption brought about by US-Iran conflict outweighed signs of recovering crude exports from the region. Brent crude futures had risen 63 cents,... Read More.

Goldman’s board has discussed plan to name John Waldron as next CEO, WSJ reports

Monday, September 28 by SRN News

Sept 28 (Reuters) - Goldman Sachs' board has discussed a plan for David Solomon to step down as chief executive and be replaced with Chief Operating Officer John Waldron as soon as next year, the Wall Street Journal reported on Monday, citing people familiar... Read More.

Factbox-Anthropic IPO prospectus shows key executives and board

Monday, September 28 by SRN News

Sept 28 (Reuters) - Anthropic's IPO prospectus, seen by Reuters, reveals its board and key executives at the helm of the AI giant, as it moves to beat its arch rival OpenAI to go public. The US IPO market has rebounded in recent months,... Read More.

US FAA delays Boeing 737 MAX 10 certification, shares dive 7%

Monday, September 28 by SRN News

By David Shepardson and Allison Lampert Sept 28 (Reuters) - The US Federal Aviation Administration said on Monday it will hold off certifying Boeing's long-delayed 737 MAX 10 until a newly-disclosed software issue is resolved, the latest setback to the planemaker's efforts to bring the... Read More.

WestJet said it has not seen any in-service events related to software under FAA review

Monday, September 28 by SRN News

Sept 28 (Reuters) - Canadian carrier WestJet said on Monday it has not experienced any in-service events related to a potential issue with the software it uses on its Boeing 737 MAX jets that is under review by the U.S. Federal Aviation Administration. The... Read More.

Trading Day: Blue Monday

Monday, September 28 by SRN News

By Jamie McGeever ORLANDO, Florida, Sept 28 (Reuters) - The global bond slump accelerated on Monday, pushing yields to new, multi-decade highs, as oil prices rallied after US President Donald Trump rejected a peace proposal from Iran. Stock markets duly fell, although news that the... Read More.

Jefferies’ record equities haul offsets asset management slump

Monday, September 28 by SRN News

Sept 28 (Reuters) - Jefferies Financial beat third-quarter profit estimates on Monday, as higher fees from advising on deals and underwriting stock sales were complemented by a record haul in equities trading business. Its asset management business, however, took a hit, with fees and investment... Read More.

Wall Street Closes Lower To Start Week

Monday, September 28 by SRN News

(New York, NY) - Wall Street is closing lower to start the week. Stocks fell as Treasury yields traded above five-percent and A-I shares including AMD and Micron Technology edged lower. Investors are awaiting the release of key economic data this week with the... Read More.

OpenAI shelves new AI model after internal safety tests, WSJ reports

Monday, September 28 by SRN News

Sept 28 (Reuters) - OpenAI is scrapping the release of GPT-6.1 Astra, a next-generation AI model planned for an October debut, over safety concerns raised by researchers during internal testing, the Wall Street Journal reported on Monday. The model, expected to appear in ChatGPT and... Read More.

Current Weather

Fed’s Cook sees further inflationary pressures ahead

Oil prices rise for second session on continued Middle East supply concern

Goldman’s board has discussed plan to name John Waldron as next CEO, WSJ reports

Factbox-Anthropic IPO prospectus shows key executives and board

US FAA delays Boeing 737 MAX 10 certification, shares dive 7%

Trading Day: Blue Monday

Jefferies’ record equities haul offsets asset management slump

Wall Street Closes Lower To Start Week

OpenAI shelves new AI model after internal safety tests, WSJ reports

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