Business

EPA weighs RFS deadline extension amid high renewable credit costs, sources say

Wednesday, July 29 by SRN News

By Jarrett Renshaw and Siddharth Cavale July 29 (Reuters) - The Trump administration is weighing whether to extend a Sept. 1 deadline requiring oil refiners to demonstrate compliance with the nation's biofuel blending laws, a move that could provide the industry more flexibility as it... Read More.

Casino operator MGM Resorts beats quarterly revenue estimates on Las Vegas strength

Wednesday, July 29 by SRN News

July 29 (Reuters) - Casino operator MGM Resorts International beat analysts' estimates for second-quarter revenue on Wednesday, driven by strong performance in its Las Vegas business. While leisure demand in Las Vegas remains uneven, casinos and hospitality businesses have found an unlikely lifeline in business... Read More.

Early dissents versus Fed chief Warsh are the most since 1970

Wednesday, July 29 by SRN News

By Dan Burns July 29 (Reuters) - Kevin Warsh came into the Federal Reserve chairman's seat busting for, as he repeatedly called it, a "good family fight," and he appears to have had a bruiser at this week's two-day policy meeting, just the second he... Read More.

Exclusive-Intel providing chip technology to startup led by co-investor of Tan in rare deal

Wednesday, July 29 by SRN News

By Max A. Cherney and Tom Hals SAN FRANCISCO/WILMINGTON, Delaware, July 29 (Reuters) - Intel has provided access to some of its processor technology to a new startup, according to a source and documents reviewed by Reuters, in a rare move for the U.S. chipmaker. Intel... Read More.

Robinhood beats quarterly profit estimates as trading activity remains robust

Wednesday, July 29 by SRN News

By Prakhar Srivastava July 29 (Reuters) - Robinhood Markets beat Wall Street estimates for second-quarter profit on Wednesday, as robust trading in equities, options and prediction markets helped offset weakness in cryptocurrency trading. Retail trading remained robust during the quarter as heightened market volatility, driven in... Read More.

The Media Line: Drone Strikes US-Owned LNG Tanker at Egypt’s Damietta Port

Wednesday, July 29 by SRN News

Drone Strikes US-Owned LNG Tanker at Egypt's Damietta Port By The Media Line Staff A drone struck the US-owned liquefied natural gas floating storage tanker Energos Winter at Egypt's Mediterranean port of Damietta on Wednesday, triggering a fire... Read More.

Chinese carmakers piling pressure on UK rivals, auto industry chief says

Wednesday, July 29 by SRN News

By Muvija M LONDON, July 30 (Reuters) - A wave of Chinese entrants into Britain's car market is piling pressure on traditional manufacturers, forcing them to offer deeper discounts to compete with lower-cost imports, the head of the country's main automotive industry body said on... Read More.

L3Harris beats quarterly revenue estimates on strong weapons demand

Wednesday, July 29 by SRN News

July 29 (Reuters) - Defense supplier L3Harris Technologies beat Wall Street estimates for second-quarter revenue on Wednesday, as it banks on strong demand for weapons and military technology. Defense contractors are seeing increased demand as the Pentagon moves to replenish missile and munitions stockpiles... Read More.

Wisconsin’s appeals court overturns ruling that had restored collective bargaining power

Wednesday, July 29 by SRN News

MADISON, Wis. (AP) - A Wisconsin appeals court on Wednesday restored a 2011 anti-union law that abolished collective bargaining rights, in a setback for unions and public workers. Unions are expected to appeal, sending the case to the Wisconsin Supreme Court, which is controlled... Read More.

Trading Day: All Warshed up

Wednesday, July 29 by SRN News

By Jamie McGeever ORLANDO, Florida, July 29 (Reuters) - U.S. shares tumbled and long-dated Treasury yields surged to multi-decade peaks on Wednesday after the Federal Reserve kept interest rates on hold, while earlier, the rout in South Korean stocks snowballed to historic proportions after chipmaker... Read More.

Current Weather

EPA weighs RFS deadline extension amid high renewable credit costs, sources say

Casino operator MGM Resorts beats quarterly revenue estimates on Las Vegas strength

Early dissents versus Fed chief Warsh are the most since 1970

Exclusive-Intel providing chip technology to startup led by co-investor of Tan in rare deal

Robinhood beats quarterly profit estimates as trading activity remains robust

The Media Line: Drone Strikes US-Owned LNG Tanker at Egypt’s Damietta Port

Chinese carmakers piling pressure on UK rivals, auto industry chief says

L3Harris beats quarterly revenue estimates on strong weapons demand

Wisconsin’s appeals court overturns ruling that had restored collective bargaining power

Trading Day: All Warshed up

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