Business

US industries, trade groups split over Trump’s tariff probe on excess factory capacity

Tuesday, May 5 by SRN News

By David Lawder WASHINGTON, May 5 (Reuters) - Domestic U.S. industries are urging the Trump administration this week to impose higher tariffs to curb the rising tide of exports from China and other countries with excess factory capacity, while import-dependent and agriculture groups want a... Read More.

FCC commissioner seeks rigorous review of foreign investment in Warner Bros deal

Tuesday, May 5 by SRN News

WASHINGTON, May 5 (Reuters) - The sole Democrat on the Federal Communications Commission on Tuesday called for a rigorous review of the foreign ownership interests in a proposed Paramount-Warner Bros. Discovery merger. Last month, Paramount Skydance asked the FCC to greenlight foreign investments backing its... Read More.

Mark Zuckerberg ‘personally authorized’ Meta’s copyright infringement, publishers allege

Tuesday, May 5 by SRN News

NEW YORK (AP) - Five publishing houses and author Scott Turow sued Meta and CEO Mark Zuckerberg on Tuesday, alleging the company illegally used millions of copyrighted works to train its AI language system Llama. The class action lawsuit, filed in federal court in... Read More.

Man accused of attacking OpenAI CEO Sam Altman’s home pleads not guilty to attempted murder

Tuesday, May 5 by SRN News

SAN FRANCISCO (AP) - The man accused of throwing a Molotov cocktail at the San Francisco home of OpenAI CEO Sam Altman pleaded not guilty Tuesday to charges of attempted murder and attempted arson. Daniel Alejandro Moreno-Gama, wearing an orange jail uniform, did not... Read More.

Grain trader ADM raises profit forecast on biofuel demand outlook

Tuesday, May 5 by SRN News

By Tom Polansek and Katha Kalia May 5 (Reuters) - Grain trader Archer-Daniels-Midland increased its forecast for full-year profit and beat quarterly earnings estimates on Tuesday, citing a strong oilseed processing outlook and clarity over U.S. biofuel blending mandates. Uncertainty over the mandate in recent... Read More.

Anthropic deepens finance push with 10 new AI agents for banks, insurers

Tuesday, May 5 by SRN News

NEW YORK, May 5 (Reuters) - Artificial-intelligence lab Anthropic is diving deeper into the financial services industry, releasing software on Tuesday that can speed up myriad tasks for banks, insurers and other companies. Timed to an event Anthropic is hosting in New York, the startup... Read More.

All eyes on job market as Fed’s rate-cut window narrows

Tuesday, May 5 by SRN News

By Karen Brettell May 5 (Reuters) - The release of the U.S. employment report later this week will serve as a test of whether the economy remains resilient enough to keep the Federal Reserve's monetary policy on hold, or whether a softening labor market could... Read More.

Exclusive-US and others propose e-commerce pact as WTO deadlock deepens

Tuesday, May 5 by SRN News

By Olivia Le Poidevin and David Lawder GENEVA/WASHINGTON, May 5 (Reuters) - The U.S. and a group of countries are planning to press ahead with their own moratorium on e-commerce duties if Brazil and Turkey continue to oppose an extension of a global deal at... Read More.

Wall St opens higher as oil slips despite Middle East tensions

Tuesday, May 5 by SRN News

May 5 (Reuters) - Wall Street's main indexes rose after market open on Tuesday as oil prices declined despite renewed Middle East tensions that threatened to upend a fragile truce after the U.S. and Iran exchanged fire in the Gulf. The Dow Jones Industrial... Read More.

GameStop’s $56 billion pursuit of eBay stirs social media hype and doubts

Tuesday, May 5 by SRN News

May 5 (Reuters) - GameStop's $56 billion bid for eBay ignited intense debate on social media, as retail investors greeted the potential deal with a mix of excitement, skepticism and meme-stock humor. • Top comments on Reddit were split between enthusiasm over the e-commerce giant... Read More.

Current Weather

US industries, trade groups split over Trump’s tariff probe on excess factory capacity

FCC commissioner seeks rigorous review of foreign investment in Warner Bros deal

Mark Zuckerberg ‘personally authorized’ Meta’s copyright infringement, publishers allege

Man accused of attacking OpenAI CEO Sam Altman’s home pleads not guilty to attempted murder

Grain trader ADM raises profit forecast on biofuel demand outlook

Anthropic deepens finance push with 10 new AI agents for banks, insurers

All eyes on job market as Fed’s rate-cut window narrows

Exclusive-US and others propose e-commerce pact as WTO deadlock deepens

Wall St opens higher as oil slips despite Middle East tensions

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