Business

Nvidia CEO says he believes China market will open over time

Monday, May 18 by SRN News

By Stephen Nellis SAN FRANCISCO, May 18 (Reuters) - Nvidia CEO Jensen Huang said on Monday that he believes China's market will open up to U.S. chip suppliers after accompanying U.S. President Donald Trump on a trip to China last week. Nvidia has received licenses... Read More.

Volvo Group agrees to $197 million settlement with California over excess truck emissions

Monday, May 18 by SRN News

HELSINKI/WASHINGTON, May 18 (Reuters) - Truckmaker Volvo Group on Monday agreed to a $197 million settlement with the California Air Resources Board over alleged violations of the state's heavy-duty engine regulations. The settlement resolves allegations that Volvo failed to properly disclose auxiliary emission control devices... Read More.

Bessent grants a 30-day extension for Russian oil in tankers as Iran war squeezes supply

Monday, May 18 by SRN News

WASHINGTON (AP) - Treasury Secretary Scott Bessent said Monday that the U.S. will give a 30-day extension for countries to import Russian oil that is already in tankers at sea, a move that is meant to reduce the oil supply shortages caused by the... Read More.

Jury rules against Elon Musk in his feud with OpenAI, saying he filed his lawsuit too late

Monday, May 18 by SRN News

OAKLAND, Calif. (AP) - A federal court on Monday dismissed claims filed against OpenAI and its top executives by Elon Musk, who accused them of betraying a shared vision for it to guide artificial intelligence's development as a nonprofit dedicated to humanity's benefit. Musk, the... Read More.

US House lawmakers propose $130 annual EV fee to pay for road repairs

Monday, May 18 by SRN News

By David Shepardson WASHINGTON, May 18 (Reuters) - U.S. House lawmakers proposed bipartisan legislation that would require electric vehicles to pay a $130 fee to pay for road repairs annually and $35 for some plug-in hybrid models. The House is working on a five-year highway reauthorization... Read More.

Uber becomes top shareholder in Germany’s Delivery Hero

Monday, May 18 by SRN News

May 18 (Reuters) - Uber has ratcheted up its stake in Delivery Hero, becoming the German firm's top shareholder, according to LSEG data. Delivery Hero said on Monday its rival had bought additional shares and instruments in the company and now holds 19.5% of Delivery... Read More.

Citi partners with BlackRock’s HPS for $17.5 billion private credit program

Monday, May 18 by SRN News

May 18 (Reuters) - U.S. banking giant Citigroup and BlackRock's HPS Investment Partners have partnered on a 15 billion euro ($17.48 billion) private credit program to expand direct lending across the EMEA region, the companies said on Monday. Under the partnership, Citi will leverage its... Read More.

US Treasury, India’s Adani Enterprises settle alleged Iran sanctions violations

Monday, May 18 by SRN News

WASHINGTON, May 18 (Reuters) - The U.S. Department of Treasury on Monday said it had agreed to a $275 million settlement with India's Adani Enterprises Ltd over the company's potential civil liability for 32 apparent violations of U.S. sanctions on Iran. Adani Enterprises had bought... Read More.

Trump moves to dismiss $10B suit against the Internal Revenue Service over leak of tax returns

Monday, May 18 by SRN News

WASHINGTON (AP) - President Donald Trump on Monday withdrew his $10 billion lawsuit against the Internal Revenue Service over the leak of his tax returns amid reports that his administration was considering the creation of a fund to compensate his political allies who believe... Read More.

Citi investment bank hires Gulash from KBW to lead bank sector

Monday, May 18 by SRN News

NEW YORK, May 18 (Reuters) - Citigroup is hiring Joe Gulash as Head of Banks in Financial Institutions Investment Banking, according to an internal memo seen by Reuters and signed by David Friedland and Jens Welter, co-heads of North America investment banking. Gulash is... Read More.

Current Weather

Nvidia CEO says he believes China market will open over time

Bessent grants a 30-day extension for Russian oil in tankers as Iran war squeezes supply

Jury rules against Elon Musk in his feud with OpenAI, saying he filed his lawsuit too late

US House lawmakers propose $130 annual EV fee to pay for road repairs

Uber becomes top shareholder in Germany’s Delivery Hero

Citi partners with BlackRock’s HPS for $17.5 billion private credit program

US Treasury, India’s Adani Enterprises settle alleged Iran sanctions violations

Trump moves to dismiss $10B suit against the Internal Revenue Service over leak of tax returns

Citi investment bank hires Gulash from KBW to lead bank sector

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