Business

Trump administration sues Denver over its 1989 assault weapons ban

Tuesday, May 5 by SRN News

The Trump administration sued Denver and its police department on Tuesday seeking to strike down an assault weapons ban that's been in place for Colorado's largest city since 1989. The lawsuit came a day after city officials publicly rejected calls by the Department of Justice... Read More.

FDA announces its first OK of fruit-flavored e-cigarettes for adults in major shift under Trump

Tuesday, May 5 by SRN News

WASHINGTON (AP) - The Food and Drug Administration on Tuesday announced its first authorization of fruit-flavored electronic cigarettes intended for adult smokers, a major policy shift that comes after months of appeals to President Donald Trump from the vaping industry. The decision is certain to... Read More.

Spirit Airlines has stopped flying. Here’s what happens next

Tuesday, May 5 by SRN News

Lawyers for Spirit Airlines returned to a U.S. bankruptcy court in New York on Tuesday to seek approval for dismantling the once-busy budget carrier and turning its parts into cash for creditors. The liquidation marks a dramatic turn for Spirit, which filed for bankruptcy protection... Read More.

Meta plans advanced ‘agentic’ AI assistant for users, FT reports

Tuesday, May 5 by SRN News

May 5 (Reuters) - Meta is building a highly personalized artificial intelligence assistant to carry out everyday tasks for its billions of users, the Financial Times reported on Tuesday, as the company faces investor scrutiny over its escalating AI spending. The social media giant is... Read More.

HSBC shares slump 6% on surprise $400 million hit linked to MFS collapse

Tuesday, May 5 by SRN News

By Lawrence White and Selena Li LONDON/HONG KONG, May 5 (Reuters) - HSBC reported an unexpected $400 million loss linked to the collapse of British-based mortgage lender Market Financial Solutions on Tuesday, raising further questions about lenders' private credit exposure and sending the bank's shares... Read More.

AirAsia, Airbus set to announce 150-jet order for A220 on Wednesday, sources say

Tuesday, May 5 by SRN News

MONTREAL, May 5 (Reuters) - Airbus plans to announce an order on Wednesday for about 150 A220 jets from AirAsia, in a boost for the planemaker's smallest jetliner that has recently lost orders to Brazil's Embraer, two sources told Reuters. The province of Quebec has... Read More.

Brazil’s beef exports could drop 10% in 2026 due to Chinese tariffs, says lobby ABIEC

Tuesday, May 5 by SRN News

SAO PAULO, May 5 (Reuters) - Brazil's beef exports could drop 10% in 2026 from the year before due to China's 55% tariff on beef imports that exceed quota levels, lobby group ABIEC president Roberto Perosa said on Tuesday. Speaking to journalists, Perosa also said... Read More.

Tesla’s supervised self-driving software could be up for approval in Belgian region

Tuesday, May 5 by SRN News

By Inti Landauro BRUSSELS, May 5 (Reuters) - Tesla's aim to roll out its supervised "full self-driving" software in Europe got a boost from Belgium on Tuesday, where the Flanders region said it was looking into whether it can quickly adopt it following approval in... Read More.

US authorizes services to Venezuela connected with potential debt restructuring

Tuesday, May 5 by SRN News

May 5 - The United States has issued a general license authorizing legal, financial advisory, and consulting services linked to potential debt restructuring in Venezuela, including the South American country's state oil company Petroleos de Venezuela (PDVSA) and entities majority owned by it, according... Read More.

Hedge fund Citadel ‘doubling down’ on Miami, CEO Ken Griffin says

Tuesday, May 5 by SRN News

By Matt Tracy WASHINGTON, May 5 (Reuters) - Hedge fund Citadel is "doubling down" on its Miami ventures, revising its plans in the city to make the firm's office building larger, CEO Ken Griffin said at the 2026 Milken Institute Conference on Tuesday. Griffin was responding... Read More.

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Trump administration sues Denver over its 1989 assault weapons ban

FDA announces its first OK of fruit-flavored e-cigarettes for adults in major shift under Trump

Spirit Airlines has stopped flying. Here’s what happens next

Meta plans advanced ‘agentic’ AI assistant for users, FT reports

HSBC shares slump 6% on surprise $400 million hit linked to MFS collapse

AirAsia, Airbus set to announce 150-jet order for A220 on Wednesday, sources say

Brazil’s beef exports could drop 10% in 2026 due to Chinese tariffs, says lobby ABIEC

Tesla’s supervised self-driving software could be up for approval in Belgian region

US authorizes services to Venezuela connected with potential debt restructuring

Hedge fund Citadel ‘doubling down’ on Miami, CEO Ken Griffin says

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