Business

UK’s Frasers boosts Hugo Boss stake over 30% mandatory bid threshold

Tuesday, July 21 by SRN News

July 21 (Reuters) - British retailer Frasers said on Tuesday that it has raised its holdings in Hugo Boss to about 30.28%, crossing a key regulatory threshold in its takeover pursuit of the German fashion house. Here are some more details: •... Read More.

Progressive lands both jersey patch spots for Cleveland’s new WNBA team

Tuesday, July 21 by SRN News

CLEVELAND (AP) - Cleveland's WNBA team doesn't play its first game until May 2028. However, the framework is steadily being put in place. The franchise announced on Tuesday that Progressive Insurance will be the jersey patch sponsor. It will also be the first time in... Read More.

Judge approves a $1.5B Anthropic settlement over pirated books used to train the Claude chatbot

Tuesday, July 21 by SRN News

SAN FRANCISCO (AP) - A federal judge has approved a $1.5 billion copyright settlement in which artificial intelligence company Anthropic will pay thousands of authors about $3,000 per book after using pirated copies of their works to train its Claude chatbot. District Judge Araceli Martínez-Olguín... Read More.

Tesla expands robotaxi service to Orlando, Tampa ahead of earnings

Tuesday, July 21 by SRN News

July 21 (Reuters) - Tesla on Tuesday expanded its robotaxi service to Orlando and Tampa, as the electric-vehicle maker races to prove that it can scale its autonomous ride-hailing business beyond its initial launch markets. The move comes a day before Tesla reports second-quarter earnings,... Read More.

Alphabet’s Gemini delay, spending worries loom over earnings

Tuesday, July 21 by SRN News

By Deborah Mary Sophia and Rashika Singh July 21 (Reuters) - Alphabet faces heightened scrutiny from investors as a delay in the launch of a model key to its AI ambitions adds to worries over the payoff from massive data-center spending, months after raising expectations... Read More.

US exchanges to see volume boost, but regulatory stance to take center stage

Tuesday, July 21 by SRN News

By Utkarsh Shetti July 21 (Reuters) - U.S. exchanges will this week start reporting results, which will see a boost from volatility-driven trading volumes, but analysts are likely to weigh that against worries over the regulatory environment and potential higher competition from newer entrants. The U.S.-Iran... Read More.

Morgan Stanley hires Barclays’ Emma Taylor to co-lead global internet banking, sources say

Tuesday, July 21 by SRN News

By Milana Vinn NEW YORK, July 21 (Reuters) - Morgan Stanley is hiring Emma Taylor from Barclays as global co-head of internet investment banking, according to three people familiar with the matter. Taylor, who joined Barclays in 2023 from Goldman Sachs as co-head of internet investment... Read More.

Boeing asks US to intervene over record EU loan to Airbus

Tuesday, July 21 by SRN News

By Tim Hepher and David Shepardson FARNBOROUGH, England, July 21 (Reuters) - Boeing has asked the U.S. government to press the European Union for transparency over a €3 billion ($3.43 billion) loan package to Airbus, resurfacing potential trade tensions after the two sides extended a... Read More.

Charles Schwab posts record quarterly profit on trading boom

Tuesday, July 21 by SRN News

July 21 (Reuters) - Brokerage firm Charles Schwab posted a record second-quarter profit on Tuesday, driven by robust trading activity and increased asset management fees. The U.S.-Israeli war against Iran fueled volatility in the April-June quarter, forcing investors to recalibrate their portfolios to hedge against... Read More.

US Treasury’s Bessent tells Fox Business 50% Canada tariffs are ‘reciprocity’

Tuesday, July 21 by SRN News

WASHINGTON, July 21 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday that the 50% tariffs on a range of imports from Canada were "reciprocity" for trade actions by Ottawa on U.S. dairy, alcohol and beverages. U.S. President Donald Trump on Monday announced tariffs... Read More.

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UK’s Frasers boosts Hugo Boss stake over 30% mandatory bid threshold

Progressive lands both jersey patch spots for Cleveland’s new WNBA team

Judge approves a $1.5B Anthropic settlement over pirated books used to train the Claude chatbot

Tesla expands robotaxi service to Orlando, Tampa ahead of earnings

Alphabet’s Gemini delay, spending worries loom over earnings

US exchanges to see volume boost, but regulatory stance to take center stage

Morgan Stanley hires Barclays’ Emma Taylor to co-lead global internet banking, sources say

Boeing asks US to intervene over record EU loan to Airbus

Charles Schwab posts record quarterly profit on trading boom

US Treasury’s Bessent tells Fox Business 50% Canada tariffs are ‘reciprocity’

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