Business

S&P 500, Nasdaq futures rise to new highs as Nvidia jumps

Thursday, May 14 by SRN News

By Ragini Mathur and Utkarsh Hathi May 14 (Reuters) - Futures tracking the S&P 500 and the Nasdaq rose to record highs on Thursday as Nvidia's shares jumped, while investors watched developments around the high-stakes U.S.-China summit and awaited economic data. Nvidia rose... Read More.

US weekly jobless claims increase moderately, labor market remains stable

Thursday, May 14 by SRN News

WASHINGTON, May 14 (Reuters) - The number of Americans filing claims for unemployment benefits increased moderately last week, pointing to a stable labor market even as rising energy prices from the war with Iran drive up inflation. Initial claims for state unemployment benefits rose 12,000... Read More.

US filings for jobless benefits hits 211,000 as the war in Iran drags on, clouding economic forecast

Thursday, May 14 by SRN News

WASHINGTON (AP) - The number of Americans filing for jobless aid rose last week but remains historically low despite the economic uncertainty caused by the war in Iran. U.S. applications for unemployment benefits for the the week ending May 9 rose by 12,000 to 211,000,... Read More.

Retail sales growth slowed in April from March as higher gas cost leaves less room for nonessentials

Thursday, May 14 by SRN News

NEW YORK (AP) - Shoppers pulled back on spending in April as higher gas prices fueled by the Iran war meant less money left over for some nonessentials like clothing and furniture. Retail sales rose 0.5% in April, a slowdown from the revised growth level... Read More.

Canadian home sales rise in April, prices edge lower

Thursday, May 14 by SRN News

By Fergal Smith TORONTO, May 14 (Reuters) - Canadian home sales posted a modest increase in April from March after a slow start to the month, and prices edged lower, data from the Canadian Real Estate Association showed on Thursday. • Home sales increased 0.7% month-over-month... Read More.

Morning Bid: AI rally powers on, Trump-Xi summit takes centre stage

Thursday, May 14 by SRN News

A look at the day ahead in European and global markets from Ankur Banerjee The record-setting AI-led rally appears to be chugging along just fine as investors shrug off the prospect of interest rates staying higher to combat inflation, oil prices above $100 a barrel... Read More.

Honda posts first annual loss on $9 billion EV writedown, scraps EV sales goals

Thursday, May 14 by SRN News

By Daniel Leussink TOKYO, May 14 (Reuters) - Honda Motor posted its first annual loss in nearly 70 years as a listed company on Thursday, hit by more than $9 billion in costs to restructure its electric-vehicle business, and the firm scrapped its long-term EV... Read More.

Analysis-Investors gird for high US Treasury yields as new Fed Chair Warsh battles inflation

Thursday, May 14 by SRN News

By Gertrude Chavez-Dreyfuss NEW YORK, May 14 (Reuters) - Investors are bracing for U.S. Treasury yields to stay higher longer, skeptical that incoming Federal Reserve Chair Kevin Warsh will be able to tame inflation stoked by surging oil prices during a prolonged Middle East conflict. Long-dated... Read More.

Analysis-Asia Pacific banks face growing credit risks, raise provisions as Iran war drags on

Thursday, May 14 by SRN News

By Selena Li, Scott Murdoch and Yantoultra Ngui HONG KONG/SYDNEY, May 14 (Reuters) - Asia Pacific banks may have to raise their loan loss provisions further in the near-term as the Iran conflict darkens economic prospects in the region heavily reliant on Middle Eastern... Read More.

BlackRock’s GIP teams up with Temasek, Abu Dhabi heavyweights to target $30 billion in infrastructure deals

Thursday, May 14 by SRN News

(Corrects attribution of quote in paragraph 7 to the companies, not Temasek Global Investments CEO) DUBAI, May 14 (Reuters) - BlackRock's GIP has partnered with Singapore's Temasek and Abu Dhabi's newest wealth fund L'IMAD and state oil firm ADNOC to launch an infrastructure partnership targeting... Read More.

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Current Weather

S&P 500, Nasdaq futures rise to new highs as Nvidia jumps

US weekly jobless claims increase moderately, labor market remains stable

US filings for jobless benefits hits 211,000 as the war in Iran drags on, clouding economic forecast

Retail sales growth slowed in April from March as higher gas cost leaves less room for nonessentials

Canadian home sales rise in April, prices edge lower

Morning Bid: AI rally powers on, Trump-Xi summit takes centre stage

Honda posts first annual loss on $9 billion EV writedown, scraps EV sales goals

Analysis-Investors gird for high US Treasury yields as new Fed Chair Warsh battles inflation

Analysis-Asia Pacific banks face growing credit risks, raise provisions as Iran war drags on

BlackRock’s GIP teams up with Temasek, Abu Dhabi heavyweights to target $30 billion in infrastructure deals

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