Business

US business inventories increase moderately in May as sales accelerate

Thursday, July 16 by SRN News

WASHINGTON, July 16 (Reuters) - U.S. business inventories increased moderately in May amid continued strength in sales, pushing the inventories-to-sales ratio to the lowest level since late 2021. Inventories rose 0.3% after advancing 0.6% in April, the Commerce Department's Census Bureau said on Thursday. The... Read More.

United sees little demand hit from higher fares, expects pricing gains to hold

Thursday, July 16 by SRN News

CHICAGO, July 16 (Reuters) - United Airlines said on Thursday higher fares had caused minimal to no damage to travel demand, bolstering its confidence that pricing gains can help it absorb nearly $6 billion in additional fuel expense this year. Chief Executive Scott Kirby said... Read More.

Chinese filing implies DeepSeek valuation of around $52 billion

Thursday, July 16 by SRN News

BEIJING, July 16 (Reuters) - China's Anhui Korrun said a fund in which its subsidiary invested deployed 2.90 billion yuan for an indirect 0.8265% stake in DeepSeek, implying the privately held artificial intelligence startup was valued at 350.88 billion yuan ($51.82 billion). The stock-exchange filing... Read More.

Need for speed? Driving above the speed limit costs you — and doesn’t actually save much time

Thursday, July 16 by SRN News

Speeding in your car to work, to pick up your children from school, or go from one errand to the next not only wastes money in gas and sends harmful emissions into the air, it barely saves you time, new research says. It is something... Read More.

Trump officials want to make testosterone drugs easier to prescribe. Is that a good idea?

Thursday, July 16 by SRN News

WASHINGTON (AP) - Officials under President Donald Trump want to make it easier for men to get a prescription for testosterone, the latest shift in a decades-long debate over the benefits and risks of replacing the hormone that affects sex drive, mood and other... Read More.

U.S. Bancorp posts record quarterly revenue on loan growth boost, BTIG buy

Thursday, July 16 by SRN News

July 16 (Reuters) - U.S. Bancorp reported record quarterly revenue on Thursday, benefiting from robust loan growth and broad-based fee income, while its acquisition of investment bank BTIG provided an additional boost. Here are some more details: • Net interest income, the difference between what a... Read More.

Morning Bid: Damp Squib

Thursday, July 16 by SRN News

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Another day, another test for chip stocks. While Taiwan's TSMC delivered a blockbuster earnings beat, Asian equities still slid. Meanwhile, the U.S. inflation picture remains highly uncertain, as investors weigh softer... Read More.

Starbucks defeats shareholder lawsuit over US, China sales declines

Thursday, July 16 by SRN News

July 16 (Reuters) - A federal judge dismissed a lawsuit accusing Starbucks of defrauding shareholders by intentionally concealing declining sales in the United States and China, its largest markets. • U.S. District Judge John Chun in Seattle said Starbucks' "innocent explanation" that former Chief Executive... Read More.

Boeing nears approval of 737 MAX anti-ice fix, paving way for deliveries

Thursday, July 16 by SRN News

By Dan Catchpole SEATTLE, July 16 (Reuters) - Boeing is in the final stages of getting regulatory certification for an engine anti-ice system fix for its 737 MAX jetliner, company executives said, paving the way for the long-delayed MAX 7 and 10 versions to enter... Read More.

S&P 500, Nasdaq open lower as chip stocks weaken

Thursday, July 16 by SRN News

July 16 (Reuters) - The S&P 500 and the Nasdaq opened lower on Thursday as chip stocks weakened again, while investors parsed fresh economic data for clues on the health of the economy. The Dow Jones Industrial Average rose 266.2 points, or 0.51%, at the... Read More.

Current Weather

US business inventories increase moderately in May as sales accelerate

United sees little demand hit from higher fares, expects pricing gains to hold

Chinese filing implies DeepSeek valuation of around $52 billion

Need for speed? Driving above the speed limit costs you — and doesn’t actually save much time

Trump officials want to make testosterone drugs easier to prescribe. Is that a good idea?

U.S. Bancorp posts record quarterly revenue on loan growth boost, BTIG buy

Morning Bid: Damp Squib

Starbucks defeats shareholder lawsuit over US, China sales declines

Boeing nears approval of 737 MAX anti-ice fix, paving way for deliveries

S&P 500, Nasdaq open lower as chip stocks weaken

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