Business

AI boom drives a rally in buying of tech shares, pushing South Korea’s Kospi to a record

Wednesday, May 6 by SRN News

TOKYO (AP) - South Korea's Kospi soared nearly 7% to a fresh record on Wednesday as Samsung Electronics' stock jumped nearly 13% in a rally driven by expectations of strong growth in artificial intelligence and hopes for progress in ending the U.S.-Iran war. Shares in... Read More.

Asia markets hit records on AI euphoria, Iran peace hopes

Tuesday, May 5 by SRN News

By Gregor Stuart Hunter SINGAPORE, May 6 (Reuters) - Stocks leapt, oil prices sank and the dollar dropped in the Asian morning on Wednesday after U.S. President Donald Trump touted "great progress" towards a "final agreement" with Tehran, while momentum in AI-driven trades accelerated. Trump said... Read More.

Man charged in US with stealing $450 million from Mexican billionaire in loan scheme

Tuesday, May 5 by SRN News

A man with multiple aliases used the name of the famed Astor family to dupe a Mexican billionaire out of around $450 million in a bogus stock-backed loan scheme, according to a newly unsealed U.S. indictment and other court records. Vladimir Sklarov, 63, also known... Read More.

Exclusive-Rivian developing variants of its more affordable R2 EVs

Tuesday, May 5 by SRN News

By Abhirup Roy SAN FRANCISCO, May 5 (Reuters) - Rivian is working on undisclosed variants of its R2 electric vehicles, the company's CEO said, days after starting volume production of the smaller and more affordable SUVs. Rivian, known for its high-end R1 SUVs and pickup trucks,... Read More.

Fitch upgrades Argentina to ‘B-‘ on Milei’s economic reforms

Tuesday, May 5 by SRN News

May 5 (Reuters) - Global ratings agency Fitch on Tuesday upgraded Argentina's long-term foreign currency and local currency issuer default rating to "B-" from "CCC+", with a stable outlook. • Fitch cited "improved fiscal and external balances, progress on economic reforms, improved prospects for FX... Read More.

Oil prices fall over $2 after Trump pauses Strait opening for possible deal

Tuesday, May 5 by SRN News

By Helen Clark MELBOURNE, May 6 (Reuters) - U.S. oil futures fell on Wednesday morning by over $2 after U.S. President Donald Trump said an operation to reopen the Strait of Hormuz will be paused for a short period to see whether an agreement can... Read More.

Spirit Airlines lawyer says high jet fuel prices left carrier no alternative but to shut down

Tuesday, May 5 by SRN News

By Doyinsola Oladipo, David Shepardson and Dietrich Knauth WHITE PLAINS, New York, May 5 (Reuters) - A judge in the Southern District of New York Bankruptcy Court said on Tuesday that it was "a horrible day for employees" after a bailout for Spirit Airlines proposed... Read More.

Dollar eases as US-Iran deal hopes grow, yen drifts

Tuesday, May 5 by SRN News

By Jiaxing Li HONG KONG, May 6 (Reuters) - The dollar retreated against most major currencies on Wednesday after the U.S. signalled it may be nearing a deal with Iran, while the yen continued to drift weaker toward levels that have previously drawn intervention from... Read More.

Saylor’s Strategy posts wider quarterly loss on bitcoin slump

Tuesday, May 5 by SRN News

May 5 (Reuters) - Michael Saylor's Strategy reported a wider first-quarter loss on Tuesday, hammered by a slump in bitcoin prices that weighed on the value of its sizeable crypto holdings amid heightened market volatility. A sharp downturn in bitcoin prices since October, later exacerbated... Read More.

LATAM Airlines cuts 2026 earnings forecast as jet fuel shock lifts costs

Tuesday, May 5 by SRN News

SAO PAULO, May 5 (Reuters) - LATAM Airlines slashed its 2026 core earnings forecast on Tuesday, as higher jet fuel prices driven by the conflict in the Middle East significantly increased costs despite mitigation measures. The Chile-based carrier cut its full-year adjusted earnings before interest,... Read More.

Current Weather

AI boom drives a rally in buying of tech shares, pushing South Korea’s Kospi to a record

Asia markets hit records on AI euphoria, Iran peace hopes

Man charged in US with stealing $450 million from Mexican billionaire in loan scheme

Exclusive-Rivian developing variants of its more affordable R2 EVs

Fitch upgrades Argentina to ‘B-‘ on Milei’s economic reforms

Oil prices fall over $2 after Trump pauses Strait opening for possible deal

Spirit Airlines lawyer says high jet fuel prices left carrier no alternative but to shut down

Dollar eases as US-Iran deal hopes grow, yen drifts

Saylor’s Strategy posts wider quarterly loss on bitcoin slump

LATAM Airlines cuts 2026 earnings forecast as jet fuel shock lifts costs

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