Business

Lucid rejects take-private, bankruptcy report after shares plunge

Tuesday, July 14 by SRN News

July 14 (Reuters) - Lucid Group on Tuesday denied as "completely false" a blog post saying it was considering a potential take-private transaction or a Chapter 11 bankruptcy filing, after the electric-vehicle maker's shares tumbled more than 50% in what would be their steepest... Read More.

TYLSemi raises $43 million to create building blocks of custom AI chips

Tuesday, July 14 by SRN News

By Stephen Nellis SAN FRANCISCO, July 14 (Reuters) - TYLSemi, a startup founded by executives from recent Qualcomm acquisition AlphaWave, on Tuesday said it has raised $43 million in early funding to help companies build their own AI chips. The market for such AI chips is... Read More.

Trump will not charge fees in the Strait of Hormuz as attacks intensify

Tuesday, July 14 by SRN News

DUBAI, United Arab Emirates (AP) - President Donald Trump has decided against charging ships for using the Strait of Hormuz, saying Tuesday that Gulf countries would instead invest in the United States. Another wave of U.S. strikes on Iran, and Iranian attacks on shipping... Read More.

Mystery bidder buys T. rex nicknamed ‘Gus’ for a record $50 million

Tuesday, July 14 by SRN News

NEW YORK (AP) - A Tyrannosaurus rex fossil billed as one of the world's largest and most complete specimens sold for a record $50.1 million Tuesday. Sotheby's said the 67-million-year-old fossil, nicknamed "Gus," is now the most expensive set of dinosaur bones ever auctioned off,... Read More.

Earthquake aid keeps flowing from Florida to Venezuela, as volunteers unite to help recovery

Tuesday, July 14 by SRN News

After her grandmother's house in Caracas narrowly survived last month's devastating back-to-back earthquakes, Alessandra Izaguirre was desperate to help Venezuela. "Seeing my grandma and all these people affected made me feel like I had to do something, even if it was from the U.S.," said... Read More.

Traders expect Fed to skip July rate hike as inflation cools

Tuesday, July 14 by SRN News

By Ann Saphir July 14 (Reuters) - Federal Reserve policymakers are far more likely to wait to increase interest rates than to do so later this month, traders bet on Tuesday, after a government report showed inflation cooled more than expected in June. The Consumer Price... Read More.

Falling gas prices cut inflation last month

Tuesday, July 14 by SRN News

WASHINGTON (AP) - U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, though much of the progress could be reversed if the Iran war worsens. Prices dropped 0.4% in June from May, the largest... Read More.

Wall Street bank earnings surge, lifted by trading and investment banking

Tuesday, July 14 by SRN News

By Saeed Azhar and Manya Saini NEW YORK, July 14 (Reuters) - Wall Street bank earnings powered ahead in the second quarter with a strong lift from fees for advising on mergers and acquisitions and surging trading revenue, but the lenders warned about risks to... Read More.

CPI comes in cool, soothing markets

Tuesday, July 14 by SRN News

NEW YORK, July 14 (Reuters) - U.S. consumer inflation slowed more than expected in June, easing anxiety in markets that have been edgy about the prospect of price pressures forcing Federal Reserve rate increases in coming months. The Consumer Price Index increased by a still-high... Read More.

Boeing records highest first-half deliveries since 2018

Tuesday, July 14 by SRN News

By Dan Catchpole SEATTLE, July 14 (Reuters) - Boeing said Tuesday that it delivered 64 jetliners in June, compared to 60 the previous month and in June 2025. Boeing delivered 314 aircraft through the first half of the year, a 12% increase over the same... Read More.

Current Weather

Lucid rejects take-private, bankruptcy report after shares plunge

TYLSemi raises $43 million to create building blocks of custom AI chips

Trump will not charge fees in the Strait of Hormuz as attacks intensify

Mystery bidder buys T. rex nicknamed ‘Gus’ for a record $50 million

Earthquake aid keeps flowing from Florida to Venezuela, as volunteers unite to help recovery

Traders expect Fed to skip July rate hike as inflation cools

Falling gas prices cut inflation last month

Wall Street bank earnings surge, lifted by trading and investment banking

CPI comes in cool, soothing markets

Boeing records highest first-half deliveries since 2018

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