Business

SpaceX shareholders approve 5-for-1 stock split , Bloomberg News reports

Friday, May 15 by SRN News

May 15 (Reuters) - A majority of SpaceX shareholders have approved a 5-for-1 stock split recommended by the company's board, Bloomberg News reported on Friday, citing people familiar with the matter. Shareholders of IPO-bound SpaceX were informed via email that the stock's current... Read More.

Fed names Powell as chair pro tempore until Warsh is sworn in

Friday, May 15 by SRN News

WASHINGTON, May 15 (Reuters) - The Federal Reserve Board on Friday said it has named Jerome Powell as chair pro tempore until Kevin Warsh is sworn in as the new head of the U.S. central bank. (Reporting by Daphne Psaledakis and Bhargav Acharya; editing by... Read More.

John Delaney’s Forbright discloses higher revenue in US IPO filing

Friday, May 15 by SRN News

May 15 (Reuters) - American bank Forbright reported higher annual revenue in a U.S. IPO filing on Friday, as it readies itself to tap renewed investor appetite for new listings. The IPO rebound has lifted risk sentiment, but volatile markets and geopolitical uncertainty continue to... Read More.

Ares Management bulks up on credit funds in first quarter of 2026

Friday, May 15 by SRN News

By Suzanne McGee and Isla Binnie PROVIDENCE, Rhode Island, May 15 (Reuters) - Private credit pioneer Ares Management disclosed a wide array of new or increased stakes in alternative asset vehicles including several direct lending funds in its quarterly 13-F filing with the U.S. Securities... Read More.

Berkshire Hathaway triples Alphabet stake and invests in Delta and Macy’s under new CEO

Friday, May 15 by SRN News

OMAHA, Neb. (AP) - Berkshire Hathaway more than tripled the size of its investment in Google's parent company and bought over $2.6 billion worth of Delta Airlines stock as Greg Abel settled into the CEO job after taking over from Warren Buffett at the... Read More.

Arm Holdings to face US antitrust probe over chip tech, Bloomberg News reports

Friday, May 15 by SRN News

May 15 (Reuters) - Arm Holdings is facing an antitrust probe by the U.S. Federal Trade Commission over the British chip designer's licensing of its semiconductor technology, part of ongoing global scrutiny of the business, Bloomberg News reported on Friday. The FTC is investigating whether... Read More.

US oil refiners finally profit from biofuels due to mandates, high fuel prices

Friday, May 15 by SRN News

By Nicole Jao and Siddharth Cavale NEW YORK, May 15 (Reuters) - U.S. oil refiners are finally reaping profits from renewable fuels, which had squeezed margins for years, but now demand has surged thanks to recent government biofuel mandates and rising diesel prices driven by... Read More.

New Virginia law banning `assault firearms’ prompts quick lawsuits from gun-rights groups

Friday, May 15 by SRN News

Virginia Gov. Abigail Spanberger has signed legislation banning the sale and manufacture of certain semi-automatic firearms, prompting immediate lawsuits from gun-rights groups. The limits on " assault firearms," as they are described by the legislation, are among two dozen new restrictions and regulations on... Read More.

Takeaways from Trump’s trip to China: Taiwan, a new framework for relationship and flattery for Xi

Friday, May 15 by SRN News

BEIJING (AP) - For three days in China, President Donald Trump was unusually quiet, not speaking to reporters much and even mostly staying off social media. Then he got on his plane home and unloaded. Trump's trip was unexpectedly dominated by discussions about Taiwan and... Read More.

Institutions bought more private credit as individuals balked, filings show

Friday, May 15 by SRN News

By Isla Binnie, Suzanne McGee and Akash Sriram NEW YORK, May 15 (Reuters) - Institutional investors broadly raised their exposure to some of the private credit funds that have been battered by growing risk aversion during the first three months of the year, according to... Read More.

Current Weather

SpaceX shareholders approve 5-for-1 stock split , Bloomberg News reports

Fed names Powell as chair pro tempore until Warsh is sworn in

John Delaney’s Forbright discloses higher revenue in US IPO filing

Ares Management bulks up on credit funds in first quarter of 2026

Berkshire Hathaway triples Alphabet stake and invests in Delta and Macy’s under new CEO

Arm Holdings to face US antitrust probe over chip tech, Bloomberg News reports

US oil refiners finally profit from biofuels due to mandates, high fuel prices

New Virginia law banning `assault firearms’ prompts quick lawsuits from gun-rights groups

Takeaways from Trump’s trip to China: Taiwan, a new framework for relationship and flattery for Xi

Institutions bought more private credit as individuals balked, filings show

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