Business

Wall St opens lower as investors weigh US-Iran conflict before earnings rush

Monday, April 27 by SRN News

April 27 (Reuters) - Wall Street's main indexes opened slightly lower on Monday as peace talks between the U.S. and Iran stalled, while investors awaited a flood of earnings as well as commentary from the Federal Reserve meeting this week. The Dow Jones Industrial Average... Read More.

Analysis-Short sellers’ bets on life insurance stocks soar as private credit concerns grow

Monday, April 27 by SRN News

By Nell Mackenzie LONDON, April 27 (Reuters) - Short sellers' bets against U.S. life insurance stocks more than doubled in the past year to over $5 billion, a Reuters analysis of ORTEX data shows, a move that analysts say in part reflects concerns about exposure... Read More.

Bill Ackman’s Pershing Square IPO expected to raise $5 billion, Bloomberg News reports

Monday, April 27 by SRN News

April 27 (Reuters) - The U.S. initial public offering of Bill Ackman's investment management company and a closed-end fund is expected to raise about $5 billion, Bloomberg News reported Monday, citing people familiar with the matter. (Reporting by Utkarsh Shetti in Bengaluru; Editing... Read More.

Summer Movie Preview: Nolan, Spider-Man and ‘Toy Story’ light up the cinemas

Monday, April 27 by SRN News

The movies always feel bigger in the summer. The budgets. The ambition. The names. The stakes. This summer, Hollywood has many of the regulars on the lineup: "Spider-Man," "Minions," "Star Wars" and "Toy Story." But the most eagerly anticipated is not a superhero, toy,... Read More.

Prime Minister Mark Carney unveils $18 billion Canadian investment fund

Monday, April 27 by SRN News

TORONTO (AP) - Canada is developing a government-owned investment fund, Prime Minister Mark Carney announced Monday. Carney said the fund will invest in major Canadian industrial projects in areas such as energy, infrastructure, mining, agriculture and technology. It will begin at 25 billion Canadian dollars... Read More.

Daughter of former Uzbek president faces trial in Switzerland over money laundering

Monday, April 27 by SRN News

GENEVA (AP) - The daughter of a former president of Uzbekistan was facing a trial in absentia starting Monday in Switzerland in connection with alleged bribery and money laundering involving assets worth hundreds of millions of dollars. Gulnara Karimova, the daughter of former President Islam... Read More.

Microsoft cuts OpenAI revenue share in a fresh step to loosen their AI alliance

Monday, April 27 by SRN News

SAN FRANCISCO (AP) - Microsoft said Monday it will no longer pay a share of its revenue to ChatGPT maker OpenAI, the latest move to untether a close partnership that helped unleash an artificial intelligence boom. OpenAI relied exclusively on Microsoft's investments in cloud computing... Read More.

Two months into Iran war, economic strain mounts across emerging markets

Monday, April 27 by SRN News

By Marc Jones and Karin Strohecker LONDON, April 27 (Reuters) - Two months since the outbreak of the Iran war, the charts below show how the economic toll is spreading beyond the Middle East, with emerging and developing markets facing rising inflation, growing fiscal strains... Read More.

India-New Zealand trade pact cuts fruit tariffs, boosts exports, visas

Monday, April 27 by SRN News

By Manoj Kumar and Lucy Craymer NEW DELHI/WELLINGTON, April 27 (Reuters) - India and New Zealand signed a free trade agreement (FTA) on Monday, lowering tariffs on key fruit imports such as kiwifruit and apples, expanding opportunities for Indian exports and easing visa access as... Read More.

Citi to boost Japan, China investment banking teams, plans senior sector-focused hires

Monday, April 27 by SRN News

By Selena Li and Sumeet Chatterjee HONG KONG, April 27 (Reuters) - Citigroup will further bolster its Japan and China investment banking teams by adding selective senior bankers while aiming to win more cross-border merger and acquisition deals, the bank's Asia investment banking head... Read More.

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Current Weather

Wall St opens lower as investors weigh US-Iran conflict before earnings rush

Analysis-Short sellers’ bets on life insurance stocks soar as private credit concerns grow

Bill Ackman’s Pershing Square IPO expected to raise $5 billion, Bloomberg News reports

Summer Movie Preview: Nolan, Spider-Man and ‘Toy Story’ light up the cinemas

Prime Minister Mark Carney unveils $18 billion Canadian investment fund

Daughter of former Uzbek president faces trial in Switzerland over money laundering

Two months into Iran war, economic strain mounts across emerging markets

India-New Zealand trade pact cuts fruit tariffs, boosts exports, visas

Citi to boost Japan, China investment banking teams, plans senior sector-focused hires

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