Business

Blackstone-backed insurance underwriter The Fidelis Partnership files for US IPO

Friday, September 25 by SRN News

Sept 25 (Reuters) - Insurance underwriter TFP Group, better known as The Fidelis Partnership, filed for a US initial public offering on Friday, as the fall IPO window looks to gain momentum after a tepid start. Expectations for a quick start to the... Read More.

Converse pauses social media ads, marketing after racism uproar, Bloomberg News reports

Friday, September 25 by SRN News

Sept 25 (Reuters) - Converse told employees it is pausing all marketing this week after an earlier ad sparked outrage for evoking the Ku Klux Klan and lynching, Bloomberg News reported on Friday, citing a person familiar with the decision. Reuters could not immediately verify... Read More.

REUTERS NEXT- FTC chair pushes back on treating AI agents as independent actors

Friday, September 25 by SRN News

Sept 25 (Reuters) - U.S. Federal Trade Commission Chairman Andrew Ferguson said on Friday he would resist describing AI agents as autonomous actors that "break loose" with "wills and desires of their own". "I'm going to continue as long as I am chairman to resist... Read More.

Unions at Chile’s Escondida mine reject bid to pause contract talks after worker’s death

Friday, September 25 by SRN News

By Fabian Cambero Sept 25 (Reuters) - Unions at Chile's Escondida copper mine, the world's largest, pushed back on Friday after management sought to pause contract talks with unionized supervisors and staff following a fatal accident earlier this week. The company, in an internal note seen... Read More.

US core capital goods orders point to robust growth in business spending on equipment

Friday, September 25 by SRN News

By Lucia Mutikani WASHINGTON, Sept 25 (Reuters) - New orders for key US-manufactured capital goods increased more than expected in August and data for the prior month was revised sharply higher, pointing to another quarter of robust growth in business spending on equipment amid an... Read More.

Lumen Technologies to move stock listing to Nasdaq

Friday, September 25 by SRN News

Sept 25 (Reuters) - Lumen Technologies said on Friday it plans to transfer the listing of its common stock and two Qwest Corp notes to Nasdaq from the New York Stock Exchange, saying the exchange better fits its technology-focused business as it expands networking... Read More.

Jobs report, inflation data to test US rate path, economic strength

Friday, September 25 by SRN News

By Lewis Krauskopf NEW YORK, Sept 25 (Reuters) - Investors will sift through reports on employment and inflation in the coming week to assess chances of a sharper trajectory of interest rate hikes, which could undermine the US stock market's rally. Major equity indexes hovered near... Read More.

BUSINESS HEADLINES

Friday, September 25 by SRN News

>>Trading Week Winding Down (New York, NY) - The opening bell rings this morning on Wall Street after stocks closed mixed yesterday. It came as treasury yields have continued to move higher amid anticipation of further rate hikes from the Federal Reserve. Oil prices have... Read More.

Wall St opens steady as AI enthusiasm eases worries over higher oil prices, yields

Friday, September 25 by SRN News

Sept 25 (Reuters) - Wall Street's main stock indexes were steady at open on Friday as AI optimism offset worries regarding high oil prices and rising Treasury yields, while investors monitored chances of an agreement to end the Middle East conflict. The Dow Jones Industrial... Read More.

Chinese, US firms line up for Peru copper projects as government cuts red tape

Friday, September 25 by SRN News

By Marco Aquino LIMA, Sept 25 (Reuters) - Peru expects to boost annual copper production by about 1 million metric tons within 5 to 6 years through new mining projects, as Chinese and US companies weigh investments amid broader competition for critical minerals in South... Read More.

Current Weather

Blackstone-backed insurance underwriter The Fidelis Partnership files for US IPO

REUTERS NEXT- FTC chair pushes back on treating AI agents as independent actors

Unions at Chile’s Escondida mine reject bid to pause contract talks after worker’s death

US core capital goods orders point to robust growth in business spending on equipment

Lumen Technologies to move stock listing to Nasdaq

Jobs report, inflation data to test US rate path, economic strength

BUSINESS HEADLINES

Wall St opens steady as AI enthusiasm eases worries over higher oil prices, yields

Chinese, US firms line up for Peru copper projects as government cuts red tape

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