Business

US railroad Union Pacific turned charges meant to cover fuel cost spike from Iran war into profit

Monday, August 17 by SRN News

By Lisa Baertlein and Tim McLaughlin LOS ANGELES/BOSTON, Aug 17 (Reuters) - U.S. railroad Union Pacific collected $91.1 million more in fuel surcharges than it paid for fuel during the second quarter, far outpacing rivals, according to a company filing with the Surface Transportation Board... Read More.

AI market correction is coming, ECB blog predicts

Monday, August 17 by SRN News

FRANKFURT, Aug 17 (Reuters) - A market correction to tech stock exuberance in the U.S. is likely and could have far-reaching consequences due to limits in fiscal and monetary policy buffers to blunt the potential economic hit, a European Central Bank blog post said... Read More.

Ferrari’s bespoke Luce EV one-off fetches $40 million at charity auction

Monday, August 17 by SRN News

MILAN, Aug 17 (Reuters) - Ferrari has sold at auction a one-off, bespoke version of the Luce, its first fully electric vehicle, for $40 million, the Italian luxury sports car maker said, adding that the money will be used for education projects to help... Read More.

China’s industrial output slows in July, retail sales miss forecasts

Monday, August 17 by SRN News

BEIJING, Aug 17 (Reuters) - China's industrial output growth slowed while retail sales grew less than expected in July, highlighting strains on the economy from weak domestic demand, extreme weather disruptions and the waning effect of state policies aimed at boosting consumption. The downbeat readings... Read More.

Culture clash: How Orcel’s profit-boosting recipe could prove a bitter pill for Commerzbank

Monday, August 17 by SRN News

By Valentina Za and Elvira Pollina MILAN, Aug 14 (Reuters) - UniCredit's CEO Andrea Orcel has a blueprint for Commerzbank: slash costs, strip out management layers and push harder for revenue growth, a formula that has helped transform the Italian lender into one of Europe's... Read More.

Morning Bid: Could consumers keep the Fed on hold, while Japan hikes?

Monday, August 17 by SRN News

Aug 17 (Reuters) - A look at the day ahead in European and global markets from Tom Westbrook The indomitable U.S. consumer may finally have taken a beat, and Friday's figures showing the first fall in U.S. retail sales for nine months will put the... Read More.

Analysis-Emerging markets march out of ‘valley of tears’ as investors diversify

Monday, August 17 by SRN News

By Libby George and Karin Strohecker LONDON, Aug 17 (Reuters) - War, tariffs and AI gyrations have done little to dent the flow of cash into emerging markets, as reforms, deeper local capital markets and diversification away from U.S. assets reshape the asset class. Global shocks... Read More.

Nestle looks to develop new products to serve users of weight-loss drugs

Monday, August 17 by SRN News

By Richa Naidu VEVEY, Switzerland, August 17 (Reuters) - Nestle is seeking to turn the rise of GLP-1 weight-loss drugs from a threat into a business opportunity, using artificial intelligence and nutritional science to develop products aimed at millions of consumers taking medicines such as... Read More.

Exclusive-Shein eyes company valuation of around $25 billion in Hong Kong IPO, sources say

Monday, August 17 by SRN News

HONG KONG, Aug 17 (Reuters) - Online fast-fashion retailer Shein is eyeing a company valuation of around $25 billion in its Hong Kong IPO, said three people with knowledge of the matter, down from nearly $100 billion four years ago due to challenging business... Read More.

Asian shares are mostly higher while US futures and oil prices hold steady

Monday, August 17 by SRN News

BANGKOK (AP) - Shares were mostly higher Monday in Asia after U.S. stocks edged back from their all-time high following a weaker than expected report on the U.S. economy. U.S. futures were little changed and oil prices were mixed. Tokyo's Nikkei 225 index gained... Read More.

Current Weather

US railroad Union Pacific turned charges meant to cover fuel cost spike from Iran war into profit

AI market correction is coming, ECB blog predicts

Ferrari’s bespoke Luce EV one-off fetches $40 million at charity auction

China’s industrial output slows in July, retail sales miss forecasts

Culture clash: How Orcel’s profit-boosting recipe could prove a bitter pill for Commerzbank

Morning Bid: Could consumers keep the Fed on hold, while Japan hikes?

Analysis-Emerging markets march out of ‘valley of tears’ as investors diversify

Nestle looks to develop new products to serve users of weight-loss drugs

Exclusive-Shein eyes company valuation of around $25 billion in Hong Kong IPO, sources say

Asian shares are mostly higher while US futures and oil prices hold steady

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