Business

Blackstone private credit fund withdrawal requests slowing, president says

Thursday, July 23 by SRN News

NEW YORK, July 23 (Reuters) - Investor requests to withdraw from Blackstone's flagship private credit fund have fallen at the beginning of the third quarter after a period of higher demand to redeem, the world's largest alternative asset manager's president said on Thursday. "It's early... Read More.

Anthropic mulls mandatory employee stock trading plans after IPO, The Information reports

Thursday, July 23 by SRN News

(Corrects to remove extraneous word in Bullet 1) July 23 (Reuters) - Anthropic is considering requiring rank-and-file employees to sell stock through preset trading plans after it goes public to avoid insider-trading concerns, The Information reported on Thursday, citing people familiar with the matter. The Claude... Read More.

US Justice Department streamlines merger review process

Thursday, July 23 by SRN News

July 23 (Reuters) - The U.S. Department of Justice's antitrust division said it would streamline the merger review process, a move that could expedite clearance for some deals as the Trump administration takes a more business-friendly antitrust stance. Here are some details: • Companies have to... Read More.

Union Pacific picks up Canadian National’s support for its plan to acquire Norfolk Southern railroad

Thursday, July 23 by SRN News

OMAHA, Neb. (AP) - Union Pacific struck a deal with Canadian National to secure that rival's support for its proposed $85 billion acquisition of Norfolk Southern railroad. The deal to create the nation's first transcontinental railroad has been divisive within the industry because it... Read More.

Databricks expands Microsoft Azure partnership, to use more custom chips

Thursday, July 23 by SRN News

July 23 (Reuters) - Databricks said on Thursday it would expand its partnership with Microsoft through the 2030s, a deal under which it will increase its use of the Azure platform and Microsoft's custom chips. Databricks offers a platform that helps users ingest, analyze and... Read More.

Average 30-year US mortgage rate climbs to 6.58%, highest level in nearly a year

Thursday, July 23 by SRN News

The average long-term U.S. mortgage rate climbed this week to its highest level in nearly 12 months, pushing up borrowing costs for prospective homebuyers at a time when rising oil prices are already squeezing household budgets. The benchmark 30-year fixed rate mortgage rate rose to... Read More.

Trump expands a voluntary pledge to protect consumers from high utility bills from AI data centers

Thursday, July 23 by SRN News

WASHINGTON (AP) - President Donald Trump on Thursday will have governors and electricity companies join a voluntary pledge to shield U.S. consumers from higher utility bills from data centers - a sign of how the artificial intelligence build- out has become a lightning rod... Read More.

Freeport-McMoRan beats quarterly profit estimates on higher copper prices

Thursday, July 23 by SRN News

July 23 (Reuters) - Freeport-McMoRan beat Wall Street estimates for second-quarter profit on Thursday, as higher copper prices offset lower production at its Grasberg mine in Indonesia. Shares of the company were up 1.4% in premarket trading. Average copper prices climbed 41.5% year-on-year in the... Read More.

Short sellers notch $15.5 billion profit as SpaceX shares slide

Thursday, July 23 by SRN News

By Saqib Iqbal Ahmed NEW YORK, July 23 (Reuters) - Short sellers targeting SpaceX shares are sitting on an estimated $15.5 billion in paper profit since the rockets-to-AI firm's mid-June initial public offering, as its stock slipped below the IPO price, according to data through... Read More.

Harley-Davidson posts lower quarterly results as raw material costs rise

Thursday, July 23 by SRN News

July 23 (Reuters) - Harley-Davidson reported lower second-quarter profit and revenue but raised its annual forecast on Thursday, as the legacy motorbike maker leaned on its wider turnaround plan to navigate higher costs of raw materials. The company has been focused on its "Back to... Read More.

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Current Weather

Blackstone private credit fund withdrawal requests slowing, president says

Anthropic mulls mandatory employee stock trading plans after IPO, The Information reports

US Justice Department streamlines merger review process

Union Pacific picks up Canadian National’s support for its plan to acquire Norfolk Southern railroad

Databricks expands Microsoft Azure partnership, to use more custom chips

Average 30-year US mortgage rate climbs to 6.58%, highest level in nearly a year

Trump expands a voluntary pledge to protect consumers from high utility bills from AI data centers

Freeport-McMoRan beats quarterly profit estimates on higher copper prices

Short sellers notch $15.5 billion profit as SpaceX shares slide

Harley-Davidson posts lower quarterly results as raw material costs rise

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