Business

Truist’s quarterly profit rises on strength in investment banking and trading

Friday, July 17 by SRN News

July 17 (Reuters) - Truist Financial reported a higher quarterly profit on Friday, as a rebound in capital markets activity helped boost earnings from investment banking, while volatility fueled trading desks. Across the industry, banks have reaped gains from a revival in dealmaking that has... Read More.

World Cup beer sales are hopping. Brewers hope the stout demand outlasts the tournament

Friday, July 17 by SRN News

The World Cup has been a bonanza for beer in the U.S. Bars in Boston reported needing emergency deliveries to keep taps from running dry on some game days. Fans downed a total of 290,000 stadium beers during the six matches in Philadelphia, FIFA... Read More.

Lettuce at Taco Bell in 5 states confirmed as source of a diarrhea-causing parasite outbreak

Friday, July 17 by SRN News

ATLANTA (AP) - Federal health officials have identified lettuce from Mexico served by Taco Bell locations across five U.S. states as a source of the widespread outbreak of diarrhea-causing parasite cyclospora. The Centers for Disease Control and Prevention late Thursday confirmed the source and warned... Read More.

Alphabet, Intel results in focus for AI trade as US earnings rev up

Friday, July 17 by SRN News

By Lewis Krauskopf NEW YORK, July 17 (Reuters) - U.S. corporate earnings season heats up in the coming week, with Alphabet and Intel set to offer updates that could sway the market-leading AI trade and investors eager to see if companies can meet high profit... Read More.

Factbox-US companies face rise in cyber attacks

Friday, July 17 by SRN News

July 17 (Reuters) - Companies worldwide are grappling with a surge in AI-driven cyberattacks and ransomware that steal sensitive data and disrupt operations. Coca-Cola-owned dairy company Fairlife, LLC, was the latest to join the list on Thursday as it temporarily suspended production operations in the... Read More.

Burberry’s Europe sales hit by Iran war while US and China grow

Friday, July 17 by SRN News

By Helen Reid LONDON, July 17 (Reuters) - Burberry said conflict in the Middle East was hurting tourist spending in Europe, sending the British luxury brand's shares down more than 6% on Friday even though sales in its April-June quarter were strong in the U.S.... Read More.

Wars shift focus from jets to weapons at Farnborough Airshow

Friday, July 17 by SRN News

By Tim Hepher, Cassell Bryan-Low and Joanna Plucinska FARNBOROUGH, England, July 17 (Reuters) - Spiralling security risks are expected to push defence to the forefront of Britain's Farnborough Airshow, as aerospace and arms makers struggle to keep pace with demand for weapons while cementing a... Read More.

Japan’s ruling party warns about suspected collusion between activist investors and private equity

Friday, July 17 by SRN News

By Makiko Yamazaki TOKYO, July 17 (Reuters) - Japan's ruling party raised concerns on Friday over suspected collusion between activist investors and buyout funds in take-private deals, warning that such arrangements could undermine fairness in capital markets. In draft policy proposals, the Liberal Democratic Party's project... Read More.

Analysis-How Korean stocks turned from trusty bellwether to AI frenzy

Friday, July 17 by SRN News

By Ankur Banerjee, Gregor Stuart Hunter and Jihoon Lee SINGAPORE, July 17 (Reuters) - Billions of dollars in leveraged bets on South Korea's AI darlings have warped a stock market once revered as a reliable barometer of global growth into a wild casino, confounding both... Read More.

‘Bloodbath’: Analysts react to Asian shares sinking on tech selloff

Friday, July 17 by SRN News

TOKYO, July 17 (Reuters) - Asian markets slid sharply on Friday, with equity benchmarks in Japan and Taiwan falling as much as 6%, as a global rout in technology stocks accelerated. Japan's benchmark Nikkei 225 gauge confirmed correction territory, down more than 10% since its... Read More.

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Current Weather

Truist’s quarterly profit rises on strength in investment banking and trading

World Cup beer sales are hopping. Brewers hope the stout demand outlasts the tournament

Lettuce at Taco Bell in 5 states confirmed as source of a diarrhea-causing parasite outbreak

Alphabet, Intel results in focus for AI trade as US earnings rev up

Factbox-US companies face rise in cyber attacks

Burberry’s Europe sales hit by Iran war while US and China grow

Wars shift focus from jets to weapons at Farnborough Airshow

Japan’s ruling party warns about suspected collusion between activist investors and private equity

Analysis-How Korean stocks turned from trusty bellwether to AI frenzy

‘Bloodbath’: Analysts react to Asian shares sinking on tech selloff

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