Business

GM renews China joint venture with SAIC for 20 years after restructuring

Tuesday, August 4 by SRN News

By Kalea Hall DETROIT, Aug 4 (Reuters) - General Motors said on Tuesday it had renewed its joint-venture agreement with China's SAIC Motor for 20 years after a lengthy restructuring in the Chinese market that included plant closures and the elimination of some models. The... Read More.

Fed’s Schmid calls for tighter monetary policy to tamp down on ‘too high’ inflation

Tuesday, August 4 by SRN News

By Michael S. Derby Aug 4 (Reuters) - Federal Reserve Bank of Kansas City President Jeff Schmid said on Tuesday that some sort of monetary policy tightening is needed to get "too high" inflation back to the 2% target. "The economy appears to be performing well... Read More.

Some BOJ members expect inflation boost later this year, minutes show

Tuesday, August 4 by SRN News

(Corrects to eight, not nine, board members in 2nd paragraph, adds BOJ governor's absence from meeting) TOKYO, Aug 5 (Reuters) - Some Bank of Japan board members said consumer inflation will likely get a significant boost in the latter half of the current fiscal year... Read More.

Asia shares surge on tech mood swing, oil retreats

Tuesday, August 4 by SRN News

By Wayne Cole SYDNEY, Aug 5 (Reuters) - Asian stock markets jumped on Wednesday as strong earnings and a resurgence of demand for tech lifted Wall Street to record peaks, while hopes for progress on opening the Strait of Hormuz dragged on oil prices and... Read More.

Oil steadies after two-day slump as investors eye Hormuz traffic

Tuesday, August 4 by SRN News

By Helen Clark PERTH, Aug 5 (Reuters) - Oil steadied on Wednesday after steep falls in the previous two trading sessions, as investors waited to see if efforts to end the U.S.-Iran war and restore traffic through the blockaded Strait of Hormuz were making progress. Brent... Read More.

Yen finds footing after intervention, dollar near 6-week low on Mideast hopes

Tuesday, August 4 by SRN News

By Jiaxing Li HONG KONG, Aug 5 (Reuters) - Currency markets paused for breath on Wednesday as pressure on the Japanese yen eased following recent bouts of intervention and a forceful show of U.S. support, while the dollar held near six-week lows on fresh optimism... Read More.

Booking Holdings beats quarterly profit estimates but warns of Middle East pressures

Tuesday, August 4 by SRN News

Aug 4 (Reuters) - Booking Holdings beat Wall Street estimates for second-quarter profit on Tuesday amid growing demand for international travel, but warned that the conflict in the Middle East pressured travel to the region. Shares of the company, the first major U.S. online travel... Read More.

Lucid pushes launch of more affordable EVs to second half of 2027 amid business review

Tuesday, August 4 by SRN News

By Abhirup Roy SAN FRANCISCO, Aug 4 (Reuters) - Lucid plans to launch its more affordable EVs in the second half of 2027, delaying the planned rollout from late this year, its CEO said on Tuesday, as the company carries out a major business review... Read More.

Wynn Resorts beats quarterly estimates on Macau strength, announces UAE casino opening date

Tuesday, August 4 by SRN News

Aug 4 (Reuters) - Casino operator Wynn Resorts beat Wall Street expectations for second-quarter profit and revenue on Tuesday, driven by strong business in its Macau properties, sending its shares up 6% after the bell. Wynn also said that Wynn Al Marjan Island, set... Read More.

Trading Day: The only way is up

Tuesday, August 4 by SRN News

By Jamie McGeever ORLANDO, Florida, Aug 3 (Reuters) - World stocks leaped to record highs on Tuesday, boosted by a relentless stream of strong U.S. and global earnings, with another slump in oil prices on Middle East peace hopes pushing down on bond yields and... Read More.

Current Weather

GM renews China joint venture with SAIC for 20 years after restructuring

Fed’s Schmid calls for tighter monetary policy to tamp down on ‘too high’ inflation

Some BOJ members expect inflation boost later this year, minutes show

Asia shares surge on tech mood swing, oil retreats

Oil steadies after two-day slump as investors eye Hormuz traffic

Yen finds footing after intervention, dollar near 6-week low on Mideast hopes

Booking Holdings beats quarterly profit estimates but warns of Middle East pressures

Lucid pushes launch of more affordable EVs to second half of 2027 amid business review

Wynn Resorts beats quarterly estimates on Macau strength, announces UAE casino opening date

Trading Day: The only way is up

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