Business

Air Canada expects record September, October revenue as premium passengers avoid summer heat

Friday, August 14 by SRN News

By Allison Lampert MONTREAL, Aug 14 (Reuters) - Air Canada's revenue for September and October is likely to break records for the two months as more premium travelers avoid the heat and summer crowds in Europe and Japan, a senior executive said. Large North American airlines... Read More.

Reddit surges on S&P 500 inclusion, set to replace AvalonBay

Friday, August 14 by SRN News

Aug 14 (Reuters) - Shares of social media platform Reddit jumped more than 12% in premarket trading on Friday after S&P Dow Jones Indices said the company would join the benchmark S&P 500 index, replacing AvalonBay Communities. Analysts at J.P.Morgan estimate index funds tracking the... Read More.

Cooler inflation data may force Warsh’s divided Fed to hold the line on rates

Friday, August 14 by SRN News

By Howard Schneider and Ann Saphir GREENVILLE, South Carolina, Aug 14 (Reuters) - Kevin Warsh took over as head of the Federal Reserve in May with monetary policy at a crossroads, officials divided over whether they would need to hike interest rates to control inflation... Read More.

With Fed mum on next move, investors look to earnings to keep stocks afloat

Friday, August 14 by SRN News

By Laura Matthews NEW YORK, Aug 14 (Reuters) - Investors head into next week weighing familiar concerns over interest rates, inflation and geopolitical tensions against another robust earnings season that continues to keep stocks supported. With little fresh guidance from policymakers and uncertainty brewing over the... Read More.

Morning Bid: Stay of execution?

Friday, August 14 by SRN News

By Mike Dolan Aug 14 (Reuters) - Even though we're slipping inexorably into the summer holiday doldrums on world markets, bond anxiety was once again a theme of the early part of this week, threatening to spoil the party for stock markets basking in the... Read More.

Airlines get grounded jets flying again, but engine bills linger

Friday, August 14 by SRN News

By Rajesh Kumar Singh CHICAGO, Aug 14 (Reuters) - Airlines are getting grounded jets back into the air. The bills left by a years-long engine crisis are proving much harder to bring down. Air New Zealand offers a glimpse of how those costs can linger. Engine... Read More.

Oil set for weekly gains after US threatens indefinite blockade of Iran

Friday, August 14 by SRN News

By Anushree Mukherjee Aug 14 (Reuters) - Oil prices rose on Friday and were on track for weekly gains after the United States threatened an indefinite naval blockade of Iran, raising concerns about disruptions to crude supplies from the Middle East. Brent futures were up 12... Read More.

Global equity funds extend inflow streak as earnings optimism and reduced rate-hike bets lift sentiment

Friday, August 14 by SRN News

Aug 14 (Reuters) - Global equity funds attracted inflows for a 12th consecutive week through August 12, buoyed by optimism over a strong earnings season and data showing weaker-than-expected U.S. payroll growth and easing inflation, which tempered expectations of a Federal Reserve rate hike. Investors... Read More.

U.S. TerraPower, South Korea’s SK Innovation sign preliminary deal on global SMR projects

Friday, August 14 by SRN News

SEOUL, Aug 14 (Reuters) - TerraPower and South Korea's SK Innovation signed on Friday a preliminary global agreement on small modular reactors (SMRs), Seoul's Industry Ministry said, opening a path for the SK Group affiliate to participate in the U.S. company's projects at home... Read More.

Yen’s weekly loss puts more intervention on traders’ radar

Friday, August 14 by SRN News

SINGAPORE, Aug 14 (Reuters) - The yen headed for its biggest weekly loss in about a month on Friday as the impact of U.S. and Japanese intervention faded, leaving traders to wager that either rate hikes or another round of official buying would be... Read More.

Current Weather

Air Canada expects record September, October revenue as premium passengers avoid summer heat

Reddit surges on S&P 500 inclusion, set to replace AvalonBay

Cooler inflation data may force Warsh’s divided Fed to hold the line on rates

With Fed mum on next move, investors look to earnings to keep stocks afloat

Morning Bid: Stay of execution?

Airlines get grounded jets flying again, but engine bills linger

Oil set for weekly gains after US threatens indefinite blockade of Iran

Global equity funds extend inflow streak as earnings optimism and reduced rate-hike bets lift sentiment

U.S. TerraPower, South Korea’s SK Innovation sign preliminary deal on global SMR projects

Yen’s weekly loss puts more intervention on traders’ radar

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