Business

Universal Music shares sink 23% as subscription growth slows

Friday, July 31 by SRN News

July 31 (Reuters) - Universal Music Group shares plunged 23% on Friday after the world's largest music company reported slower growth in subscription revenue, raising concerns about its streaming momentum. Subscription revenue growth slowed to 6.7% from 7.9% in the first quarter. Vivendi, UMG's largest shareholder,... Read More.

Africa’s off-grid solar sector courts mainstream investors with landmark financing deals

Friday, July 31 by SRN News

NAIROBI, Kenya (AP) - Landmark fundraising deals by two of Africa's largest off-grid solar companies are raising hopes that private capital markets could become a major source of funding to help bring electricity to millions of homes lacking access to reliable power. A $50 million... Read More.

Global equity fund inflows surge to three week highs

Friday, July 31 by SRN News

July 31 (Reuters) - Global equity fund inflows rose to their highest in three weeks during the week to July 29, as investors snapped up technology sector funds during a market downturn, anticipating that the AI-driven advance has further to go. Investors bought global equity... Read More.

Linde to invest $1 billion in Arizona after winning semiconductor supply deal

Friday, July 31 by SRN News

July 31 (Reuters) - Linde, the world's largest industrial gases company, said on Friday it had secured a new long-term agreement to supply ultra-high-purity industrial gases to one of the world's largest semiconductor manufacturers and would invest about $1 billion in Arizona. As semiconductor manufacturers... Read More.

Fed chief Warsh faces hard choice on inflation after bond market’s ‘red flag’

Friday, July 31 by SRN News

By Ann Saphir July 31 (Reuters) - Federal Reserve Chairman Kevin Warsh's emphatic declarations on Wednesday that inflation would be brought down without signaling a readiness to raise interest rates triggered a sharp selloff in bonds that may force a hard choice: defying President Donald... Read More.

Teetering US stock market faces jobs report, big earnings week

Friday, July 31 by SRN News

By Lewis Krauskopf NEW YORK, July 31 (Reuters) - U.S. employment data and a batch of corporate results this coming week will keep equity investors on edge over the direction of the stock market, which has been buffeted by geopolitical tensions, uncertain interest-rate policy and... Read More.

Japan’s Sony sees profit grow on demand for games, but quake damage still unclear

Friday, July 31 by SRN News

TOKYO (AP) - Sony Group Corp. reported a 32% profit growth in the fiscal first quarter Friday while warning of a negative impact from the earthquake that hit southwestern Kumamoto earlier this week. The Tokyo-based entertainment company said its semiconductor facilities there were affected, and... Read More.

Anthropic says its AI models hacked 3 organizations during testing

Friday, July 31 by SRN News

Anthropic said its artificial intelligence models hacked into three other organizations during testing, just days after ChatGPT maker OpenAI raised concerns over AI control after it disclosed its rogue models hacked another company. Anthropic, the San Francisco-based AI company behind Claude, posted on its website... Read More.

Boeing sends contract offer to engineers union; deal endorsed by negotiators

Friday, July 31 by SRN News

By Dan Catchpole SEATTLE, July 30 (Reuters) - Boeing said on Thursday it had sent a contract offer to the union representing roughly 17,000 engineers and technical workers in its commercial airplane division. The Society of Professional Engineering Employees in Aerospace's negotiating team endorsed the... Read More.

History of Japan’s intervention in currency markets

Friday, July 31 by SRN News

TOKYO, July 31 (Reuters) - The yen jumped suddenly against the dollar on Thursday after what market sources said was official yen buying in New York hours, coordinated with intervention by South Korea. It lifted the yen from near four-decade lows and gave it its... Read More.

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Current Weather

Universal Music shares sink 23% as subscription growth slows

Africa’s off-grid solar sector courts mainstream investors with landmark financing deals

Global equity fund inflows surge to three week highs

Linde to invest $1 billion in Arizona after winning semiconductor supply deal

Fed chief Warsh faces hard choice on inflation after bond market’s ‘red flag’

Teetering US stock market faces jobs report, big earnings week

Japan’s Sony sees profit grow on demand for games, but quake damage still unclear

Anthropic says its AI models hacked 3 organizations during testing

Boeing sends contract offer to engineers union; deal endorsed by negotiators

History of Japan’s intervention in currency markets

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