Business

Asia multi-strategy hedge funds see big monthy drawdowns

Wednesday, August 5 by SRN News

By Summer Zhen HONG KONG, Aug 5 (Reuters) - Some large Asian multi-strategy funds suffered their biggest drawdown this year in July as a brutal selloff in AI stocks across Japan, South Korea and China eroded gains accumulated in the first half, sources close to... Read More.

Space for music on late-night TV has dwindled. New media seeks to offer an alternative

Wednesday, August 5 by SRN News

NEW YORK (AP) - When CBS ended "The Late Show With Stephen Colbert" earlier this year, it also shuttered the program's robust music offerings - a major blow for artists whose television platform was already dwindling. Performing on late-night has historically been a unique avenue... Read More.

Polymarket seeks over $20 billion valuation in funding round, Bloomberg News reports

Wednesday, August 5 by SRN News

Aug 4 (Reuters) - Polymarket is seeking to raise funds at a valuation of more than $20 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter. The prediction markets platform is holding early discussions to raise about $1 billion in the funding... Read More.

Flights at German airport disrupted after suspect objects sighted

Wednesday, August 5 by SRN News

BERLIN (AP) - Flights at Germany's Leipzig/Halle Airport, a major cargo hub, were disrupted during the night after a sighting of a flying object was reported and another object was found near a runway, police said Wednesday. Several flights, including one passenger plane, were diverted... Read More.

Australia’s Jetstar to charge for carry-on bags in overhead lockers

Wednesday, August 5 by SRN News

By Renju Jose SYDNEY, Aug 5 (Reuters) - Jetstar, the budget arm of Australia's national carrier Qantas, will require passengers who want to store carry-on bags in overhead lockers to pay extra from February, as the airline overhauls its cabin baggage policy. The carrier will allow... Read More.

Japan PM Takaichi asked BOJ to buy more bonds when needed, Jiji reports

Wednesday, August 5 by SRN News

TOKYO, Aug 5 (Reuters) - Japanese Prime Minister Sanae Takaichi asked the Bank of Japan to buy more government bonds when necessary to curb rises in long-term interest rates during a meeting with BOJ Governor Kazuo Ueda in May, Jiji news agency reported on... Read More.

Oil prices ease and Asian shares gain on hopes for Mideast deal, as companies report strong profits

Wednesday, August 5 by SRN News

BANGKOK (AP) - Asian shares surged and oil prices slipped Wednesday after the U.S. stock market rallied to records, helped by strong corporate earnings reports and hopes for a deal setting the stage for talks that might eventually lead to an end to the... Read More.

Morning Bid: Semis fly again as AI capex shoots the moon

Wednesday, August 5 by SRN News

August 5 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. Asian markets have followed through on Wall Street's record close with gains in the major semiconductor stocks, ignoring setbacks in SpaceX and AMD as they failed to... Read More.

Lockup expiry will offer the next test of investor appetite for SpaceX shares

Wednesday, August 5 by SRN News

By Suzanne McGee and Akash Sriram PROVIDENCE, Rhode Island, Aug 4 (Reuters) - The next test for SpaceX investors following its first earnings report as a public company comes on Thursday, when as many as 912 million shares held by employees and other pre-IPO stakeholders... Read More.

Iran and Oman are working on a plan to reopen the Strait of Hormuz, and other Mideast developments

Tuesday, August 4 by SRN News

CAIRO (AP) - Iran and Oman are inching toward a deal to reopen the disputed Strait of Hormuz and potentially help bring an end to the war. The emerging agreement calls for ships to enter the Persian Gulf through an Iranian-controlled route... Read More.

Current Weather

Asia multi-strategy hedge funds see big monthy drawdowns

Space for music on late-night TV has dwindled. New media seeks to offer an alternative

Polymarket seeks over $20 billion valuation in funding round, Bloomberg News reports

Flights at German airport disrupted after suspect objects sighted

Australia’s Jetstar to charge for carry-on bags in overhead lockers

Japan PM Takaichi asked BOJ to buy more bonds when needed, Jiji reports

Oil prices ease and Asian shares gain on hopes for Mideast deal, as companies report strong profits

Morning Bid: Semis fly again as AI capex shoots the moon

Lockup expiry will offer the next test of investor appetite for SpaceX shares

Iran and Oman are working on a plan to reopen the Strait of Hormuz, and other Mideast developments

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