Business

Trump administration finalizes ownership reporting exemption for US firms

Tuesday, August 11 by SRN News

Aug 11 (Reuters) - The Trump administration on Tuesday finalized a rule exempting U.S. companies and individuals from reporting beneficial ownership information to the Treasury Department's financial crimes unit, rolling back reporting requirements established under a 2021 law aimed at combating illicit finance. The Treasury... Read More.

Cava beats quarterly expectations on Mediterranean cuisine demand

Tuesday, August 11 by SRN News

By Neil J Kanatt Aug 11 (Reuters) - Cava Group on Tuesday beat Wall Street expectations for second-quarter sales and core profit, helped by demand for its affordable Mediterranean food, sending its shares up about 12% in extended trading. Here are more details: • The restaurant chain... Read More.

Trading Day: Peace fog

Tuesday, August 11 by SRN News

By Jamie McGeever ORLANDO, Florida, Aug 11 (Reuters) - U.S. stocks fell and oil rose on Tuesday, price moves driven by deepening pessimism around the prospect of a U.S.-Iran peace deal, while major currency and bond markets were largely steady as investors awaited the release... Read More.

Ultra rare Nintendo Mario game cartridges discovered in Wisconsin

Tuesday, August 11 by SRN News

AUSTIN, Texas (AP) - A few years ago, a pop culture store owner in Wisconsin mentioned to Jason Ganos, a well-known Nintendo game collector, that he had a box of Super Mario cartridges that had been sitting in storage for years. It stopped Ganos... Read More.

Spotify to slap ‘AI Persona’ badges on AI-generated artist profiles

Tuesday, August 11 by SRN News

Aug 11 (Reuters) - Spotify said on Tuesday it would begin adding "AI Persona" badges to some profiles from mid-September to give listeners more transparency about whether the artist behind the music was a real person. Listeners have expressed concerns about artist profiles that appear... Read More.

Norway wealth fund holds $1.2 billion stake in SpaceX

Tuesday, August 11 by SRN News

By Gwladys Fouche ARENDAL, Norway, Aug 11 (Reuters) - Norway's $2.3 trillion wealth fund, the world's largest, held a 0.05% stake in SpaceX worth $1.22 billion as of June 30, it said for the first time on Tuesday, in an updated list of holdings. The fund's... Read More.

Atlanta Fed’s Venable: Inflation too high, with prospect of easing dependent on events in Middle East

Tuesday, August 11 by SRN News

By Howard Schneider WASHINGTON, Aug 11 (Reuters) - Atlanta Fed interim President Cheryl Venable said on Tuesday that inflation remains too high, a message heard from contacts across the Southeast, with the likelihood of easing price pressures tied to "unpredictable geopolitical events, particularly the... Read More.

US auto loans hit record high in second quarter, New York Fed says

Tuesday, August 11 by SRN News

By Howard Schneider WASHINGTON, Aug 11 (Reuters) - U.S. consumers took out a record amount in auto loans in the second quarter and boosted their credit card and home equity balances as well, the New York Fed said in its latest household debt and credit... Read More.

Ex-Toyota chair Okuda, outsider who masterminded global footprint, dies at 93

Tuesday, August 11 by SRN News

TOKYO, Aug 12 (Reuters) - Former Toyota Motor Corp Chairman Hiroshi Okuda, who has died aged 93 according to Kyodo News, was a rare outsider at the top of a firm more often run by a founding-family member, who massively grew the automaker's presence... Read More.

Inflation is the biggest problem, Fed’s Goolsbee says

Tuesday, August 11 by SRN News

Aug 11 (Reuters) - Federal Reserve Bank of Chicago President Austan Goolsbee, in a video that was primarily Economics 101 and did not explicitly include his monetary policy views, indicated he is more concerned about inflation now than about any labor market weakness. "The biggest... Read More.

Current Weather

Trump administration finalizes ownership reporting exemption for US firms

Cava beats quarterly expectations on Mediterranean cuisine demand

Trading Day: Peace fog

Ultra rare Nintendo Mario game cartridges discovered in Wisconsin

Spotify to slap ‘AI Persona’ badges on AI-generated artist profiles

Norway wealth fund holds $1.2 billion stake in SpaceX

Atlanta Fed’s Venable: Inflation too high, with prospect of easing dependent on events in Middle East

US auto loans hit record high in second quarter, New York Fed says

Ex-Toyota chair Okuda, outsider who masterminded global footprint, dies at 93

Inflation is the biggest problem, Fed’s Goolsbee says

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