Business

Microchip Tech forecasts quarterly revenue above estimates on strong chip demand

Thursday, May 7 by SRN News

May 7 (Reuters) - Microchip Technology forecast first-quarter revenue above estimates on Thursday, betting on strong demand for its chips used in industrial and automotive sectors. Shares of the Chandler, Arizona-based company rose more than 2% in extended trading. The company has benefited from a cyclical... Read More.

BUSINESS HEADLINES

Thursday, May 7 by SRN News

Trump says EU has until July 4 to approve last year's trade deal or it will face higher tariffs WASHINGTON (AP) - President Donald Trump says goods from the European Union will face higher tariff rates if the 27-member bloc fails to approve last year's... Read More.

Auto groups urge Trump to extend trade deal with Mexico, Canada

Thursday, May 7 by SRN News

By David Shepardson WASHINGTON, May 7 (Reuters) - Major auto trade groups on Thursday urged the Trump administration to extend a free trade deal with Mexico and Canada, saying it was crucial for U.S. vehicle production as North America faces competition from Asia and Europe. The... Read More.

Exclusive-MarineMax presses on with sale process as Donerail raises its bid, sources say

Thursday, May 7 by SRN News

By Svea Herbst-Bayliss NEW YORK, May 7 (Reuters) - Recreational yacht retailer MarineMax is preparing to sell itself as one potential buyer recently raised its offer and at least one prominent private equity firm is conducting due diligence, three sources told Reuters. MarineMax's board of directors... Read More.

Exclusive-Oil-price bets ahead of Iran war news totalled $7 billion, reporting shows

Thursday, May 7 by SRN News

By Amanda Cooper and Dmitry Zhdannikov LONDON, May 7 (Reuters) - A series of well-timed market bets on falling oil prices totalling as much as $7 billion during March and April spread across multiple exchanges and types of fuel and derivatives just before major Iranian... Read More.

Whirlpool has been rattled by rising costs and that now means higher prices for customers

Thursday, May 7 by SRN News

Whirlpool appeared to be in a prime position to thrive, producing about 80% of its major appliances at American factories at a time when President Donald Trump has emphasized domestic manufacturing jobs and more production at home. This week, however, the company said that... Read More.

Blackstone cuts value of private credit fund in first quarter

Thursday, May 7 by SRN News

By Matt Tracy May 7 (Reuters) - Asset manager Blackstone cut the value of its private credit fund Blackstone Secured Lending Fund in the first quarter, it said on Thursday. Blackstone Secured Lending Fund's net asset value (NAV) per share dropped... Read More.

Whirlpool shares hit 14-year low after slashing annual targets, suspending dividend

Thursday, May 7 by SRN News

May 7 (Reuters) - Whirlpool shares plunged to their lowest level in more than 14 years on Thursday, after the home appliance maker slashed its full-year profit forecast by half and suspended dividend. High interest rates, sluggish housing turnover and cautious consumer spending amid inflation... Read More.

US construction spending rebounds in March

Thursday, May 7 by SRN News

WASHINGTON, May 7 (Reuters) - U.S. construction spending rebounded in March, boosted by a surge in single-family homebuilding, but higher mortgage rates could limit further gains. The Commerce Department's Census Bureau said on Thursday that construction spending rose 0.6% after falling 0.2% in February. Economists... Read More.

BlackRock cut private credit fund’s value by 5% in first quarter

Thursday, May 7 by SRN News

By Matt Tracy May 7 (Reuters) - Asset manager BlackRock cut the value of its private credit fund, BlackRock TCP Capital Corp, in the first quarter, it said Thursday. BlackRock TCP Capital Corp's net asset value per share dropped roughly 5%... Read More.

Current Weather

Microchip Tech forecasts quarterly revenue above estimates on strong chip demand

BUSINESS HEADLINES

Auto groups urge Trump to extend trade deal with Mexico, Canada

Exclusive-MarineMax presses on with sale process as Donerail raises its bid, sources say

Exclusive-Oil-price bets ahead of Iran war news totalled $7 billion, reporting shows

Whirlpool has been rattled by rising costs and that now means higher prices for customers

Blackstone cuts value of private credit fund in first quarter

Whirlpool shares hit 14-year low after slashing annual targets, suspending dividend

US construction spending rebounds in March

BlackRock cut private credit fund’s value by 5% in first quarter

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