Business

Tesla plans sweeping expansion to Berlin plant, cell production

Wednesday, July 19 by SRN News

By Victoria Waldersee BERLIN (Reuters) – Tesla is planning sweeping changes to its factory near Berlin, including extensions to its battery cell production, indicating ramp-up plans remain underway despite a recent shift in focus to scaling up in the United States. A... Read More.

Wall St rises at open as investors assess bank earnings

Wednesday, July 19 by SRN News

(Reuters) – Wall Street’s main indexes opened marginally higher on Wednesday as investors digested Goldman Sachs second-quarter results and assessed strong earnings from a number of smaller banks. The Dow Jones Industrial Average rose 39.28 points, or 0.11%, at the open... Read More.

Goldman profit slides to three-year low on consumer losses

Wednesday, July 19 by SRN News

By Saeed Azhar and Niket Nishant NEW YORK (Reuters) -Goldman Sachs’ profit dropped 60% in the second quarter, missing Wall Street forecasts, as its retreat from consumer businesses and declining investment values reduced its earnings by $1.4 billion. The results were the worst for the... Read More.

Brent oil hovers above $80 as inflation worries ease

Wednesday, July 19 by SRN News

By Natalie Grover LONDON (Reuters) -The Brent crude oil benchmark hovered above $80 a barrel on Wednesday, buoyed by China’s pledge to reinvigorate economic growth and expectations that the U.S. Federal Reserve will stop raising interest rates soon. Brent futures were up 63 cents at $80.26... Read More.

Activision, Microsoft extend deal deadline to secure UK approval

Wednesday, July 19 by SRN News

(Reuters) -Activision Blizzard and Microsoft on Wednesday extended the deadline for the close of their $69 billion deal by three months to Oct. 18 as the U.S. companies work to secure UK approval for the biggest gaming deal in history. The amended agreement also increases... Read More.

Volkswagen convinced Xinjiang audit will provide insight on human rights situation

Wednesday, July 19 by SRN News

BERLIN (Reuters) – Volkswagen said it remained intent on commissioning an independent audit of its Xinjiang plant in China and was convinced that doing so would provide valuable insight, after some investors and activists criticised the mechanism as ineffective. The United... Read More.

AT&T bounces back after it eases fears over lead cable exposure

Wednesday, July 19 by SRN News

(Reuters) -Shares of AT&T rose 6.4% on Wednesday after the telecom company said lead cables made up only a small part of its wireline network, easing fears of an expensive clean-up. Rival Verizon also rose by a similar margin, helping the companies rebound from a... Read More.

Fintech lenders tighten lending standards, bolstering debt financing

Wednesday, July 19 by SRN News

By Hannah Lang and Matt Tracy (Reuters) – U.S. financial technology companies are tightening their lending standards, a move that has bolstered their access to debt financing from Wall Street investors, according to industry executives. During the COVID-19 pandemic, many fintechs began... Read More.

US SEC accepts six spot bitcoin ETF proposals for review

Wednesday, July 19 by SRN News

By Hannah Lang (Reuters) – The U.S. Securities and Exchange Commission (SEC) has accepted applications to create spot bitcoin exchange-traded funds from six firms including BlackRock for review, the first step in the agency’s process for deciding whether or not to... Read More.

Activision, Microsoft extend deadline to close deal to Oct. 18

Wednesday, July 19 by SRN News

(Reuters) – Activision Blizzard said on Wednesday it has extended the deadline for the close of its $69 billion takeover by Microsoft to Oct. 18 as the companies work to secure approval from the United Kingdom’s antitrust authority. The two U.S. companies had originally agreed... Read More.

Current Weather

Tesla plans sweeping expansion to Berlin plant, cell production

Wall St rises at open as investors assess bank earnings

Goldman profit slides to three-year low on consumer losses

Brent oil hovers above $80 as inflation worries ease

Activision, Microsoft extend deal deadline to secure UK approval

Volkswagen convinced Xinjiang audit will provide insight on human rights situation

AT&T bounces back after it eases fears over lead cable exposure

Fintech lenders tighten lending standards, bolstering debt financing

US SEC accepts six spot bitcoin ETF proposals for review

Activision, Microsoft extend deadline to close deal to Oct. 18

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