Business

Two regional Fed banks to launch pilot survey of private credit market

Wednesday, August 5 by SRN News

Aug 5 (Reuters) - The Dallas and New York Federal Reserve banks plan to launch a pilot survey into the estimated $1.3 trillion private credit market after the end of the third quarter, the New York Fed said in a statement on Wednesday. Private credit's... Read More.

Analysis-US stock market could ride earnings strength to more gains after S&P 500 hits record

Wednesday, August 5 by SRN News

By Lewis Krauskopf NEW YORK, Aug 5 (Reuters) - As the U.S. stock market soars to fresh record highs this week, investors say a powerful corporate profit engine, a reset in high-flying AI shares and still-reasonable valuations can further fuel the rally. The benchmark S&P 500... Read More.

US upstream oil and gas second-quarter dealmaking dives on volatility

Wednesday, August 5 by SRN News

By Georgina McCartney HOUSTON, Aug 5 (Reuters) - Dealmaking in the U.S. upstream oil and gas sector shrank fourfold to $9 billion in the second quarter of this year as volatile oil prices tempered investor confidence, analytics firm Enverus said on Wednesday. "Crude volatility tied... Read More.

Activist investor Starboard takes stake in Shake Shack, source says

Wednesday, August 5 by SRN News

Aug 5 (Reuters) - Activist investor Starboard Value has built a new stake in Shake Shack, a source familiar with the matter told Reuters on Wednesday, sending the company's shares up about 9%. Earlier in the day, the burger chain had reported second-quarter sales... Read More.

DOJ to raise antitrust concerns over investor advice duopoly

Wednesday, August 5 by SRN News

By Jody Godoy Aug 5 (Reuters) - The U.S. Department of Justice plans to rescind decades-old guidance on shareholder proxy advisors' votes, an official said, citing significant antitrust concerns over consolidation in the industry. U.S. President Donald Trump has called for an antitrust probe of... Read More.

Video game giant Electronic Arts closes $55 billion go-private sale of its business

Wednesday, August 5 by SRN News

CHICAGO (AP) - Video game giant Electronic Arts officially has new owners. The California-based maker of popular titles like "Battlefield" and "The Sims" announced Tuesday that it closed the $55 billion sale of its business to Saudi Arabia's sovereign wealth fund PIF, investment firm Silver... Read More.

Google shakes up AI leadership as DeepMind chief shifts role

Wednesday, August 5 by SRN News

By Kenrick Cai SAN FRANCISCO, Aug 5 (Reuters) - Google parent company Alphabet on Wednesday announced a leadership overhaul of its AI division, with AI chief Demis Hassabis leaving his main managerial role and several leaders of its Gemini model, including veteran engineer Jeff Dean,... Read More.

Chipotle says annual targets do not include impact of Minnesota salmonella outbreak

Wednesday, August 5 by SRN News

Aug 5 (Reuters) - Chipotle Mexican Grill said on Wednesday its annual targets shared last week did not include the financial impact from the salmonella outbreak in Minnesota, which resulted in the burrito chain pulling jalepenos at some of its restaurants. Here are some details: •... Read More.

Scientists are certain a wayward SpaceX rocket slammed into the moon as predicted

Wednesday, August 5 by SRN News

CAPE CANAVERAL, Fla. (AP) - A SpaceX rocket that launched a pair of lunar landers undoubtedly slammed into the moon as predicted on Wednesday after drifting off course for the past year, scientists reported. Although the 5,400-mph (8,700-kph) collision had yet to be officially confirmed,... Read More.

France is banning unsolicited telemarketing calls starting next week

Wednesday, August 5 by SRN News

PARIS (AP) - France next week will ban unsolicited telemarketing calls under a new law aimed at protecting consumers from intrusive sales pitches and shielding vulnerable people from fraudulent commercial practices. The law backed by President Emmanuel Macron's government enters into force on Aug. 11. Here's... Read More.

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Current Weather

Two regional Fed banks to launch pilot survey of private credit market

Analysis-US stock market could ride earnings strength to more gains after S&P 500 hits record

US upstream oil and gas second-quarter dealmaking dives on volatility

Activist investor Starboard takes stake in Shake Shack, source says

DOJ to raise antitrust concerns over investor advice duopoly

Video game giant Electronic Arts closes $55 billion go-private sale of its business

Google shakes up AI leadership as DeepMind chief shifts role

Chipotle says annual targets do not include impact of Minnesota salmonella outbreak

Scientists are certain a wayward SpaceX rocket slammed into the moon as predicted

France is banning unsolicited telemarketing calls starting next week

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