Business

Starbucks to shutter 250 stores in North America this week in 2nd wave of closings

Thursday, September 24 by SRN News

Starbucks plans to close 250 North American stores later this week. It is the second big round of store closures under Starbucks Chairman and CEO Brian Niccol, who joined the company in 2024. Last September, Starbucks closed 627 stores in North America and Europe. In... Read More.

MGM Resorts shares tumble after Diller’s People withdraws $18 billion bid

Thursday, September 24 by SRN News

Sept 24 (Reuters) - Shares of MGM Resorts slid 10% on Thursday after media mogul Barry Diller's People Inc withdrew its more than $18 billion proposal to buy the casino operator. At $33.90, MGM's stock hit its lowest level in seven months. The slump wiped... Read More.

Bond market sell-off rumbles on ahead of Trump and XI talks

Thursday, September 24 by SRN News

By Marc Jones LONDON, Sept 24 (Reuters) - World financial markets remained on edge on Thursday after concerns about the Iran war and inflation pain had triggered the sharpest sell-off in US Treasuries and other benchmark government bonds since last year's Liberation Day turmoil. Bond yields... Read More.

Analysis-Hedge funds sour on basis trade as Treasury selloff continues

Thursday, September 24 by SRN News

By Anirban Sen and Gertrude Chavez-Dreyfuss NEW YORK, Sept 24 (Reuters) - Like Treasuries themselves, the Treasury basis trade has fallen out of favor lately. Funds locked up in leveraged basis trades are down 20% this year to $1.2 trillion, Morgan Stanley estimates. The decline... Read More.

Morgan Stanley Asia deals leaked in missent email attachment

Thursday, September 24 by SRN News

By Kane Wu and Julie Zhu HONG KONG, Sept 24 (Reuters) - A senior Morgan Stanley banker covering financial sponsors in Asia accidentally leaked their deal pipeline in an email sent to clients, according to six people with knowledge of the matter. The banker attached the... Read More.

US new home sales jump to eight-month high in August

Thursday, September 24 by SRN News

WASHINGTON, Sept 24 (Reuters) - Sales of new US single-family homes surged to an eight-month high in August as buyers took advantage of price cuts and other incentives, but rising mortgage rates stemming from the war in the Middle East remain a drag on... Read More.

Wall St futures fall on Middle East uncertainties ahead of Trump-Xi talks

Thursday, September 24 by SRN News

Sept 24 (Reuters) - Wall Street futures dropped on Thursday as the Middle East conflict remained far from a resolution while investors also exercised caution ahead of a keenly watched summit between Presidents Donald Trump and Xi Jinping. US and Iran leaders exchanged barbs at... Read More.

Fed again hoping for a pain-free landing from current inflation spike

Thursday, September 24 by SRN News

By Howard Schneider and Ann Saphir WASHINGTON/SAN FRANCISCO, Sept 24 (Reuters) - US Federal Reserve officials, who have begun hiking interest rates to tame high inflation, believe they can do so without damaging the job market if businesses come to anticipate falling inflation as a... Read More.

Morning Bid: Bonds bomb

Thursday, September 24 by SRN News

By Mike Dolan Sept 24 (Reuters) - Just as some investors were wondering whether it was time to return to battered bond markets, Wednesday's fresh rout offered a clear answer: not yet. US Treasury and global government bond yields soared to new multi-decade highs following a... Read More.

US farmers push for China commitments on imports as Trump and Xi talk trade

Thursday, September 24 by SRN News

By Karl Plume CHICAGO, Sept 24 (Reuters) - Soybeans, sorghum and other US farm goods are expected to be high on the agenda at this week's summit between US President Donald Trump and Chinese President Xi Jinping, joining rare earths trade and artificial intelligence as... Read More.

Current Weather

Starbucks to shutter 250 stores in North America this week in 2nd wave of closings

MGM Resorts shares tumble after Diller’s People withdraws $18 billion bid

Bond market sell-off rumbles on ahead of Trump and XI talks

Analysis-Hedge funds sour on basis trade as Treasury selloff continues

Morgan Stanley Asia deals leaked in missent email attachment

US new home sales jump to eight-month high in August

Wall St futures fall on Middle East uncertainties ahead of Trump-Xi talks

Fed again hoping for a pain-free landing from current inflation spike

Morning Bid: Bonds bomb

US farmers push for China commitments on imports as Trump and Xi talk trade

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