Business

Robinhood’s second venture fund debuts, drawing retail money into private markets

Thursday, August 13 by SRN News

By Manya Saini Aug 13 (Reuters) - Robinhood's second venture fund debuted on Thursday, giving retail investors access to early-stage startups that have traditionally been out of reach for all but venture capital firms and wealthy investors. The fintech company raised $225.5 million in the initial... Read More.

Swedish union IF Metall halts strike against Tesla

Thursday, August 13 by SRN News

STOCKHOLM, Aug 13 (Reuters) - Swedish union IF Metall said on Thursday it will suspend its nearly 3-year long industrial action against Tesla as of August 19. "The reason is that Tesla has bought out all of the union's striking members at the company. This... Read More.

Exclusive-S&P 500 CEO pay jumps to record as Musk-inspired compensation plans spread

Thursday, August 13 by SRN News

By Ross Kerber Aug 13 (Reuters) - Extraordinary corporate compensation deals for Elon Musk have opened the door for the CEOs of other S&P 500 companies to win huge paydays, a new study shows. Even excluding the CEO of Tesla and SpaceX, average compensation for chief... Read More.

Wholesale price inflation slows last month as gas, food costs fall

Thursday, August 13 by SRN News

(AP) - Wholesale inflation cooled last month, offering a narrow but meaningful signal that consumer prices may begin to ease-though Americans are still feeling the pinch. The Labor Department's Producer Price Index, which measures inflation before it reaches shoppers, rose 4.7 percent in July compared... Read More.

US unemployment claims rise but remain at healthy level

Thursday, August 13 by SRN News

WASHINGTON (AP) - U.S. applications for unemployment benefits rose last week, but layoffs remain at historically healthy levels. The Labor Department reported Thursday that 209,000 people filed jobless claims last week, up from a revised 200,000 the week before and higher than the 205,000 forecasters... Read More.

Maersk raises outlook for second time this year after second-quarter profit surge

Thursday, August 13 by SRN News

By Stine Jacobsen COPENHAGEN, Aug 13 (Reuters) - Danish shipping group Maersk on Thursday smashed profit forecasts and raised its full-year earnings guidance for a second time this year as the Middle East conflict, port congestion and strong demand pushed freight rates higher. Maersk, a bellwether... Read More.

Analysis-Rate hike bets leave yen’s post-intervention gains at BOJ’s mercy

Thursday, August 13 by SRN News

By Rocky Swift and Junko Fujita TOKYO, Aug 13 (Reuters) - Joint Japanese-U.S. efforts to shore up the battered yen two weeks ago have heightened market bets the Bank of Japan will need to hike rates faster and further, raising the stakes for the currency... Read More.

Dollar treads water as Fed hike bets pared on benign US inflation

Thursday, August 13 by SRN News

By Kevin Buckland TOKYO, Aug 13 (Reuters) - The dollar's advance stalled on Thursday after an overall benign U.S. inflation reading overnight spurred traders to pare back bets for a near-term Federal Reserve interest rate hike. The greenback was little changed against the yen in Asia's... Read More.

Morning Bid: Fed bets cool, BOJ wagers heat up

Thursday, August 13 by SRN News

A look at the day ahead in European and global markets from Satoshi Sugiyama For all the anticipation, Wednesday's U.S. CPI data was largely in line with expectations, perhaps even a little anticlimactic. Coupled with softer-than-expected July nonfarm payrolls, it has dampened money-market bets... Read More.

Starbucks Korea swings to Q2 operating loss after marketing backlash

Thursday, August 13 by SRN News

SEOUL, Aug 13 (Reuters) - The operator of Starbucks Korea posted an operating loss in the second quarter as sales fell after backlash over a marketing campaign that evoked a brutal 1980 military crackdown on pro-democracy protesters, and the suspension of its flagship summer... Read More.

Current Weather

Robinhood’s second venture fund debuts, drawing retail money into private markets

Swedish union IF Metall halts strike against Tesla

Exclusive-S&P 500 CEO pay jumps to record as Musk-inspired compensation plans spread

Wholesale price inflation slows last month as gas, food costs fall

US unemployment claims rise but remain at healthy level

Maersk raises outlook for second time this year after second-quarter profit surge

Analysis-Rate hike bets leave yen’s post-intervention gains at BOJ’s mercy

Dollar treads water as Fed hike bets pared on benign US inflation

Morning Bid: Fed bets cool, BOJ wagers heat up

Starbucks Korea swings to Q2 operating loss after marketing backlash

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