Business

Wynn Resorts logs quarterly profit above estimates on Macau gains

Thursday, May 7 by SRN News

May 7 (Reuters) - Casino operator Wynn Resorts beat Wall Street estimates for first-quarter profit on Thursday, driven by stronger business in Macau. • Wynn said adjusted profit from its properties in Macau, a city under Chinese rule, rose over 10% in the quarter. • The... Read More.

Oil prices jump on renewed US-Iran hostilities

Thursday, May 7 by SRN News

BEIJING, May 8 (Reuters) - U.S. crude futures rose as much as 3% in early trading on Friday after renewed hostilities broke out between the U.S. and Iran. West Texas Intermediate oil prices were trading up 2.58% or $2.45, at $97.26 a barrel, as of... Read More.

Airbnb, Expedia flag demand hit as Middle East conflict drags on

Thursday, May 7 by SRN News

By Aishwarya Jain, Anshuman Tripathy and Doyinsola Oladipo May 7 (Reuters) - Airbnb and Expedia on Thursday joined a growing list of travel companies warning that the Middle East conflict is weighing on demand, as hostilities in the region enter their third month. Both companies... Read More.

Federal court rules against new global tariffs Trump imposed after loss at the Supreme Court

Thursday, May 7 by SRN News

WASHINGTON (AP) - A federal court ruled Thursday against the new global tariffs that President Donald Trump imposed after a stinging loss at the Supreme Court. A split three-judge panel of the Court of International Trade in New York found the 10% global tariffs were... Read More.

Trump says giving EU until July 4 to fulfill trade deal or will raise tariffs

Thursday, May 7 by SRN News

WASHINGTON, May 7 (Reuters) - U.S. President Donald Trump said he had a "great call" with European Commission President Ursula von der Leyen on Thursday and would give the EU until July 4 to fulfill its side of the trade deal before hiking U.S.... Read More.

Lyft rides miss estimates after storms hit demand, forecasts upbeat second quarter

Thursday, May 7 by SRN News

By Akash Sriram May 7 (Reuters) - Lyft reported first-quarter ride volumes below Wall Street estimates on Thursday after severe winter storms in the U.S. Northeast disrupted demand, but the ride-hailing firm forecast second-quarter gross bookings and adjusted core profit above expectations. Shares of the San... Read More.

Trump says EU has until July 4 to approve last year’s trade deal or it will face higher tariffs

Thursday, May 7 by SRN News

WASHINGTON (AP) - President Donald Trump said in a Thursday social media post that goods from the European Union would face higher tariff rates if the 27-member bloc fails to approve last year's trade framework by July 4. The announcement appeared to be a deadline... Read More.

Fed’s Williams says demand remains robust for US government debt

Thursday, May 7 by SRN News

NEWBURGH, New York, May 7 (Reuters) - Federal Reserve Bank of New York President John Williams said on Thursday that demand for U.S. government debt remains robust despite high levels of borrowing. The Fed is watching the very high level of government borrowing "very carefully,"... Read More.

CoreWeave tops revenue estimates as AI boom supercharges cloud demand

Thursday, May 7 by SRN News

May 7 (Reuters) - CoreWeave Inc beat analysts' estimates for quarterly revenue on Thursday, as the specialized cloud provider tapped into strong demand for its high-performance computing services used to train and deploy artificial intelligence models. The company's shares were flat in volatile extended trading... Read More.

Block raises annual gross profit outlook on consumer spending strength

Thursday, May 7 by SRN News

May 7 (Reuters) - Jack Dorsey-led Block raised its full-year outlook on Thursday as the payments firm benefited from resilient consumer spending and strong growth in its core businesses. The Oakland, California-based company now expects annual gross profit to be $12.33 billion in 2026, compared... Read More.

Current Weather

Wynn Resorts logs quarterly profit above estimates on Macau gains

Oil prices jump on renewed US-Iran hostilities

Airbnb, Expedia flag demand hit as Middle East conflict drags on

Federal court rules against new global tariffs Trump imposed after loss at the Supreme Court

Trump says giving EU until July 4 to fulfill trade deal or will raise tariffs

Lyft rides miss estimates after storms hit demand, forecasts upbeat second quarter

Trump says EU has until July 4 to approve last year’s trade deal or it will face higher tariffs

Fed’s Williams says demand remains robust for US government debt

Block raises annual gross profit outlook on consumer spending strength

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