Business

Stocks inch up, oil dips as traders eye US-Iran talks

Wednesday, August 12 by SRN News

By Chris Prentice and Samuel Indyk NEW YORK/LONDON, Aug 12 (Reuters) - Global equities were higher on Wednesday and oil prices dipped as traders eyed talks to end the Iran war and U.S. data showing only a slight rise in inflation damped some expectations for... Read More.

Uber invests in Latin American motorcycle lender Galgo to finance gig workers

Wednesday, August 12 by SRN News

By Kylie Madry MEXICO CITY, Aug 12 (Reuters) - Uber will invest in Galgo, a Latin American lender focused on motorcycle purchases, as the ride-hailing giant looks to expand access to vehicles for drivers and couriers, the companies said on Wednesday. • Santiago-based Galgo said... Read More.

The Media Line: What’s Behind US Intervention To Support Japan’s Yen?

Wednesday, August 12 by SRN News

What's Behind US Intervention To Support Japan's Yen? The Iran war, Japan's energy dependence and Tokyo's vast US Treasury holdings have turned the yen's weakness into a concern for Washington By Giorgia Valente / The Media Line The United States' rare decision to join... Read More.

The Media Line: Natural Resources: The Middle East’s Hidden Map of Abundance and Scarcity

Wednesday, August 12 by SRN News

Natural Resources: The Middle East's Hidden Map of Abundance and Scarcity The Middle East, North Africa, and South Africa form a region of extremes: giant oilfields and gas hubs, world-leading phosphate mines and platinum deposits, some of the planet's driest landscapes, and coastlines... Read More.

Jury selection begins in Meta youth harms trial in California federal court

Wednesday, August 12 by SRN News

OAKLAND, Calif. (AP) - Jury selection began Wednesday in Meta's federal trial over claims its platforms have harmed youth mental health and track children in violation of federal law. The trial is scheduled to begin next week and is expected to last six to... Read More.

Google unveils latest Pixel phones with slimmer cameras and more AI features

Wednesday, August 12 by SRN News

Google on Wednesday unveiled its latest lineup of Pixel phones, with slimmer cameras that include more a powerful zoom and artificial intelligence features designed to help users accomplish things with fewer taps and swipes. With the improvements, the search giant hopes to give users... Read More.

Shein’s slowing growth tests investor appetite ahead of Hong Kong IPO

Wednesday, August 12 by SRN News

HONG KONG/LONDON, Aug 12 (Reuters) - Even after cutting its expected IPO valuation to $30 billion to $40 billion from a near $100 billion private market peak, Shein faces questions over whether slowing growth, rising costs and changing market conditions justify that price tag. Five... Read More.

Instant View: Market shrugs off in-line July CPI report

Wednesday, August 12 by SRN News

NEW YORK, Aug 12 (Reuters) - U.S. consumer prices increased slightly in July, potentially weakening the argument for an interest rate increase from the Federal Reserve next month. The Consumer Price Index edged up 0.1% last month after dropping 0.4% in June, which was the... Read More.

Home Depot CEO to take temporary medical leave for a few months

Wednesday, August 12 by SRN News

Aug 12 (Reuters) - Home Depot said on Wednesday CEO Ted Decker will take a temporary medical leave of absence and is expected to return within the next few months. Finance chief Richard McPhail and senior executive vice president Ann-Marie Campbell will oversee CEO operations... Read More.

S&P 500, Nasdaq open higher after inflation data, earnings boost

Wednesday, August 12 by SRN News

Aug 12 (Reuters) - The S&P 500 and the Nasdaq opened higher on Wednesday as investors assessed largely in-line inflation data, while upbeat earnings from some AI infrastructure companies provided additional support. The Dow Jones Industrial Average rose 5.6 points, or 0.01%, at the open... Read More.

Current Weather

Stocks inch up, oil dips as traders eye US-Iran talks

Uber invests in Latin American motorcycle lender Galgo to finance gig workers

The Media Line: What’s Behind US Intervention To Support Japan’s Yen?

The Media Line: Natural Resources: The Middle East’s Hidden Map of Abundance and Scarcity

Jury selection begins in Meta youth harms trial in California federal court

Google unveils latest Pixel phones with slimmer cameras and more AI features

Shein’s slowing growth tests investor appetite ahead of Hong Kong IPO

Instant View: Market shrugs off in-line July CPI report

Home Depot CEO to take temporary medical leave for a few months

S&P 500, Nasdaq open higher after inflation data, earnings boost

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