Business

Costco beats quarterly sales estimates on resilient demand for essentials

Thursday, September 24 by SRN News

Sept 24 (Reuters) - Costco Wholesale beat quarterly revenue estimates on Thursday, as resilient demand for essential goods from shoppers feeling squeezed by high inflation drove foot traffic to its warehouses. The company posted revenue of $95.72 billion for the fourth quarter, above Wall Street... Read More.

Four takeaways from Trump’s summit with Xi in Washington

Thursday, September 24 by SRN News

By Simon Lewis, Trevor Hunnicutt and David Brunnstrom WASHINGTON, Sept 24 (Reuters) - US President Donald Trump welcomed Chinese President Xi Jinping to the White House on Thursday, with talks on trade and artificial intelligence and the growing strategic rivalry between the countries all in... Read More.

Drug developer City Therapeutics files for US IPO

Thursday, September 24 by SRN News

Sept 24 (Reuters) - Drug developer City Therapeutics filed for an initial public offering in the US on Thursday. The Cambridge, Massachusetts-based company plans to sell new shares in the IPO. City Therapeutics will list on the Nasdaq under the symbol "CTY." Goldman Sachs, Jefferies, Stifel... Read More.

Factbox-Inside Reuters’ calculation of Australia’s housing market ripple effects

Thursday, September 24 by SRN News

SYDNEY, Sept 25 (Reuters) - For most Australian homeowners, the cost of the country's sharpest housing downturn in years has been the modest fall in property values since interest rates began rising in February. But while prices have dipped only slightly, home sales have fallen... Read More.

Analysis-Billions in collateral damage: The hidden cost of Australia’s housing slowdown

Thursday, September 24 by SRN News

By Byron Kaye and Stella Qiu SYDNEY, Sept 25 (Reuters) - This time last year, Sydney property stylist Joanne Cauchi was turning away work, buying new furniture and overseeing home installations almost every day. Now, her team of three stylists and two removalists handles as few... Read More.

The Media Line: The Netherlands Criminalizes Purchase of West Bank Settlement Goods as European Restrictions Expand

Thursday, September 24 by SRN News

The Netherlands Criminalizes Purchase of West Bank Settlement Goods as European Restrictions Expand By The Media Line staff The Netherlands has made purchasing goods produced in Israeli settlements in the West Bank a criminal offense, joining several other European... Read More.

GM, Ford to see US market-share slide, forecaster predicts

Thursday, September 24 by SRN News

By Kalea Hall Sept 24 (Reuters) - General Motors and Ford Motor have lost more market share in the United States than any other automakers so far this year as buyers prioritize fuel efficiency amid high gas prices, an industry forecast shows. Ford's vehicle sales are... Read More.

US Federal Reserve proposes new stablecoin rules

Thursday, September 24 by SRN News

By Hannah Lang Sept 24 (Reuters) - The US Federal Reserve on Thursday proposed new rules for issuers of dollar-backed cryptocurrency tokens known as stablecoins, as required by last year's GENIUS Act, which established a federal regulatory framework for the tokens. • Under the... Read More.

Alaska Air expects Boeing 737 MAX 10 certification by end-September

Thursday, September 24 by SRN News

By Dan Catchpole and Rajesh Kumar Singh SEATTLE, Sept 24 (Reuters) - Alaska Air expects Boeing's 737 MAX 10 to be certified by the end of September and plans to take delivery of its first aircraft next spring, Chief Operating Officer Jason Berry told Reuters... Read More.

Poll: Three In Four Americans Are Fearful Or Concerned About AI Growth

Thursday, September 24 by SRN News

(Washington, DC) - Three in four Americans report some level of "fear and concern" regarding AI technology and its growth and development. That's according to a new poll from CNN. The remaining quarter said they feel "hope and excitement" over AI development. This as tech industry leaders... Read More.

Current Weather

Costco beats quarterly sales estimates on resilient demand for essentials

Four takeaways from Trump’s summit with Xi in Washington

Drug developer City Therapeutics files for US IPO

Factbox-Inside Reuters’ calculation of Australia’s housing market ripple effects

Analysis-Billions in collateral damage: The hidden cost of Australia’s housing slowdown

The Media Line: The Netherlands Criminalizes Purchase of West Bank Settlement Goods as European Restrictions Expand

GM, Ford to see US market-share slide, forecaster predicts

US Federal Reserve proposes new stablecoin rules

Alaska Air expects Boeing 737 MAX 10 certification by end-September

Poll: Three In Four Americans Are Fearful Or Concerned About AI Growth

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