Business

Wall Street ends higher, S&P 500, Nasdaq notch biggest monthly gains in years

Thursday, April 30 by SRN News

By Stephen Culp and Niket Nishant NEW YORK, April 30 (Reuters) - U.S. stocks advanced on Thursday and the S&P 500 and the Nasdaq logged their biggest monthly gains in years as solid corporate earnings offset the war-related oil supply shock that has rattled markets... Read More.

Rivian says US loan for Georgia plant set to be smaller but quicker

Thursday, April 30 by SRN News

By Akash Sriram and Abhirup Roy April 30 (Reuters) - Rivian said on Thursday it will get up to a $4.5 billion loan from the U.S. Department of Energy, about $2 billion lower than previously approved, to build its plant in Georgia and will draw... Read More.

Senate bans its own members and staff from betting in prediction markets

Thursday, April 30 by SRN News

WASHINGTON (AP) - The Senate has approved a bipartisan resolution to prevent its own members from using prediction markets, banning senators who are often privy to sensitive information from making bets on upcoming events. The measure that passed unanimously by voice vote Thursday was... Read More.

LIV Golf isn’t the only sports property being reconsidered in Saudi reboot of investment strategy

Thursday, April 30 by SRN News

The billionaires in Saudi Arabia are pulling the plug on LIV Golf. It won't be the first mega sports project they've given up on recently. Over the last several weeks, the Saudis have bailed on a Winter Olympics-style sports festival and sold one of their... Read More.

Elon Musk spars with OpenAI attorney in trial over company’s evolution from a nonprofit

Thursday, April 30 by SRN News

OAKLAND, Calif. (AP) - Elon Musk on Thursday sparred with an attorney for OpenAI during his third day of testimony in the contentious trial over the company's pivot from nonprofit status to a for-profit venture valued at hundreds of billions of dollars. The trial... Read More.

Chicago grain futures fall on oil retreat, improved US weather outlook

Thursday, April 30 by SRN News

By P.J. Huffstutter CHICAGO, April 30 (Reuters) - Chicago Board of Trade grain futures reversed course on Thursday, following a retreat in crude oil prices, amid a flurry of technical trading and forecasts of improving weather across the central U.S., market analysts said. The CBOT's most-active... Read More.

US consumer finance watchdog finalizes new rule on small lending data

Thursday, April 30 by SRN News

By Douglas Gillison WASHINGTON, April 30 (Reuters) - The U.S. Consumer Financial Protection Bureau on Thursday finalized regulations to replace a Biden-era requirement for banks to collect demographic data on small business borrowers, according to a Federal Register notice. The changes to the rule, which was... Read More.

JPMorgan hires KBW’s Mihok as MD in banking team

Thursday, April 30 by SRN News

NEW YORK, April 30 (Reuters) - JPMorgan Chase has hired Chris Mihok from Keefe, Bruyette & Woods as a managing director to cover banks, expanding the team covering financial institutions, a spokesperson said on Thursday. Mihok will report to Clay Robinson and Andrew Spicehandler, who... Read More.

Average US long-term mortgage rate rises to 6.3%, ending a 3-week slide

Thursday, April 30 by SRN News

The average long-term U.S. mortgage rate rose this week, pushing up borrowing costs for prospective homebuyers in the midst of the spring homebuying season. The benchmark 30-year fixed rate mortgage rate rose to 6.3% from 6.23% last week, mortgage buyer Freddie Mac said Thursday. That's... Read More.

Big central banks say rate hikes are getting closer

Thursday, April 30 by SRN News

By Stefano Rebaudo and Alun John MILAN/LONDON, April 30 (Reuters) - Major central banks left interest rates unchanged this week but warned that they could raise them soon to prevent a jump in energy prices, caused by the U.S.-Israeli war with Iran, spilling over into... Read More.

Current Weather

Wall Street ends higher, S&P 500, Nasdaq notch biggest monthly gains in years

Rivian says US loan for Georgia plant set to be smaller but quicker

Senate bans its own members and staff from betting in prediction markets

LIV Golf isn’t the only sports property being reconsidered in Saudi reboot of investment strategy

Elon Musk spars with OpenAI attorney in trial over company’s evolution from a nonprofit

Chicago grain futures fall on oil retreat, improved US weather outlook

US consumer finance watchdog finalizes new rule on small lending data

JPMorgan hires KBW’s Mihok as MD in banking team

Average US long-term mortgage rate rises to 6.3%, ending a 3-week slide

Big central banks say rate hikes are getting closer

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