Business

Top US data center-serving utility Dominion tops profit estimates

Friday, July 31 by SRN News

By Sumit Saha and Laila Kearney July 31 (Reuters) - Dominion Energy, the U.S. electric utility covering the world's biggest data center territory, reported better-than-expected second-quarter profit and revenue on Friday as demand from server warehouses grew beyond 50 gigawatts and offset rising operating expenses. Adjusted... Read More.

US bank regulators propose fair-lending rule update

Friday, July 31 by SRN News

By Pete Schroeder WASHINGTON, July 31 (Reuters) - A pair of U.S. bank regulators proposed an update on Friday to some fair lending rules, which would place additional scrutiny on how banks dole out grants while exempting smaller firms from some requirements. The proposal from the... Read More.

Saipem, Subsea7 cleared to complete merger in US

Friday, July 31 by SRN News

July 31 (Reuters) - Saipem said on Friday that all applicable waiting periods under the U.S. Hart-Scott-Rodino antitrust law had expired for its planned merger with its Norwegian peer Subsea7. The companies are now allowed to complete the transaction in the United States, although the... Read More.

Infantino’s World Cup private investment plan has drawn seismic FIFA backlash. Here’s what to know

Friday, July 31 by SRN News

GENEVA (AP) - Gianni Infantino truly looked the "King of Soccer," as U.S. President Donald Trump likes to call him, as the two allies sat together watching the World Cup final less than two weeks ago. Sure, there were some boos inside MetLife Stadium near... Read More.

Regulators propose overhaul to law governing how banks lend to low-and-middle income communities

Friday, July 31 by SRN News

NEW YORK (AP) - The Trump Administration has announced an overhaul to the rules governing a critical piece of Civil Rights-era legislation, most notably a reduction in the number of banks that will need to fully comply with the law. The Office of the Comptroller... Read More.

US Treasury anti-money laundering chief Gacki to join Citi as global head of sanctions

Friday, July 31 by SRN News

By David Lawder July 30 (Reuters) - The U.S. Treasury on Thursday said the director of its anti-money laundering Financial Crimes Enforcement Network, Andrea Gacki, was stepping down to join Citigroup as the bank's global head of sanctions. Gacki is leaving government service after 25 years... Read More.

Situational Awareness’ portfolio sinks 67% in July on AI stock rout, letter shows

Friday, July 31 by SRN News

By Anirban Sen and Manya Saini NEW YORK, July 31 (Reuters) - The portfolio value of Leopold Aschenbrenner's hedge fund, Situational Awareness, fell 67% in July after suffering steep losses on AI stocks, according to a letter sent to investors on Thursday that was seen... Read More.

Social media companies sued over deaths of four teens as pressure, lawsuits over child safety mount

Friday, July 31 by SRN News

The families of four teenagers who died by suicide are suing Meta, TikTok, Snapchat and YouTube over what they describe as "years of escalating harms" from using their platforms that eventually resulted in their deaths. The lawsuit, filed Thursday in the Superior Court of... Read More.

Cboe exceeds profit expectations as volatility spurs options trading boom

Friday, July 31 by SRN News

By Utkarsh Shetti July 31 (Reuters) - Cboe Global Markets reported a jump in second-quarter profit on Friday, surpassing Wall Street expectations, as it benefited from robust options trading volumes at a time of heightened market volatility. Periods of market turbulence typically boost trading activity as... Read More.

US Treasury yield curve ‘twist’ reflects view Fed may not hike again

Friday, July 31 by SRN News

By Gertrude Chavez-Dreyfuss NEW YORK, July 31 (Reuters) - A sharp shift towards a steeper U.S. Treasury bond curve following the Federal Reserve's decision to leave interest rates unchanged this week has raised concerns about the central bank's credibility and willingness to fully confront inflation. The... Read More.

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Top US data center-serving utility Dominion tops profit estimates

US bank regulators propose fair-lending rule update

Saipem, Subsea7 cleared to complete merger in US

Infantino’s World Cup private investment plan has drawn seismic FIFA backlash. Here’s what to know

Regulators propose overhaul to law governing how banks lend to low-and-middle income communities

US Treasury anti-money laundering chief Gacki to join Citi as global head of sanctions

Situational Awareness’ portfolio sinks 67% in July on AI stock rout, letter shows

Cboe exceeds profit expectations as volatility spurs options trading boom

US Treasury yield curve ‘twist’ reflects view Fed may not hike again

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