Business

NY Fed survey finds highest credit application rate in nearly five years

Monday, July 20 by SRN News

By Michael S. Derby July 20 (Reuters) - Americans' application rate for new credit over the last year hit its highest level in nearly five years in June, new data from the Federal Reserve Bank of New York released Monday said. The bank said that the... Read More.

BUSINESS HEADLINES

Monday, July 20 by SRN News

US gas prices back up to an average of $4 a gallon as Iran war heats up NEW YORK (AP) - U.S. gas prices have jumped to an average of $4 a gallon again as the U.S. and Iran launch more attacks. According to AAA,... Read More.

Wall St opens higher as chips recover, megacap earnings loom

Monday, July 20 by SRN News

July 20 (Reuters) - Wall Street's main indexes opened higher on Monday, as chip stocks recovered from last week's pullback and investors awaited a key slate of earnings from major technology companies that have powered the market's AI-driven rally. The Dow Jones Industrial Average rose... Read More.

GE Aerospace unveils breakthrough in hybrid-electric flight

Monday, July 20 by SRN News

By Tim Hepher and Shivansh Tiwary FARNBOROUGH, England, July 20 (Reuters) - GE Aerospace has carried out the world's first high-altitude flight assisted by hybrid-electric propulsion, it said on Monday, part of an arsenal of technologies for future jet engines being showcased at this year's... Read More.

Google plans new chip to run Gemini models more efficiently, the Information reports

Monday, July 20 by SRN News

July 20 (Reuters) - Google is developing a new server chip that would incorporate elements of its Gemini model directly into the hardware, in a bid to serve its AI models more efficiently to users, the Information reported on Monday, citing people familiar with... Read More.

US appeals court decertifies Boeing class action stemming from MAX 9 blowout

Monday, July 20 by SRN News

July 20 (Reuters) - A federal appeals court on Monday decertified a shareholder class action accusing Boeing of prioritizing profit over safety and overstating its commitment to safe aircraft, prior to the January 2024 mid-air cabin panel blowout on an Alaska Airlines 737 MAX... Read More.

Permira-backed womenswear retailer Reformation targets $1 billion valuation in US IPO

Monday, July 20 by SRN News

(Refiles to capitalize subhead) By Pragyan Kalita July 20 (Reuters) - Permira-backed womenswear retailer Reformation is targeting a valuation of up to $1 billion in its U.S. initial public offering, marking a rare public-market foray for a fashion brand in recent years. The Vernon, California-based company... Read More.

Analysis-No Gucci, no problem? Coty learns to live without flagship brand

Monday, July 20 by SRN News

By Alexander Marrow and Lisa Jucca LONDON, July 20 (Reuters) - Coty's $400 million deal to exit its flagship Gucci Beauty licence a year early will cost it a big chunk of near-term earnings, but could prove a turning point for the struggling beauty brand... Read More.

Philippine Airlines signs for 15 Boeing 787s, with rights for five more

Monday, July 20 by SRN News

FARNBOROUGH, England, July 20 (Reuters) - Philippine Airlines confirmed 15 firm orders for Boeing 787-10s on Monday, with purchase rights for another five of the widebody jetliners. If the airline buys all 20, the deal is worth about $3.4 billion, based... Read More.

Tempus to acquire Personalis for $1.5 billion

Monday, July 20 by SRN News

July 20 (Reuters) - Tempus AI said on Monday it would acquire Personalis for about $1.5 billion to bringing its cancer test to the AI-enabled precision medicine firm's oncology portfolio. (Reporting by Christy Santhosh in Bengaluru; Editing by Anil D'Silva) Brought to you by Read More.

Current Weather

NY Fed survey finds highest credit application rate in nearly five years

BUSINESS HEADLINES

Wall St opens higher as chips recover, megacap earnings loom

GE Aerospace unveils breakthrough in hybrid-electric flight

Google plans new chip to run Gemini models more efficiently, the Information reports

US appeals court decertifies Boeing class action stemming from MAX 9 blowout

Permira-backed womenswear retailer Reformation targets $1 billion valuation in US IPO

Analysis-No Gucci, no problem? Coty learns to live without flagship brand

Philippine Airlines signs for 15 Boeing 787s, with rights for five more

Tempus to acquire Personalis for $1.5 billion

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