Business

Citi profit jumps 45% on investment banking, trading strength

Tuesday, July 14 by SRN News

By Utkarsh Shetti and Tatiana Bautzer July 14 (Reuters) - Citigroup reported a 45% jump in second-quarter profit and its highest quarterly revenue in a decade on Tuesday, aided by robust trading income in a volatile market and strong investment banking fees. The U.S.-Iran war has... Read More.

You just retired (or are about to). Now what?

Tuesday, July 14 by SRN News

If there's one group likely to be experiencing the most consternation over inflation and economic uncertainty, it's those who have just retired or are about to. To make it through this period with their sanity intact, they should focus on what they can control. People... Read More.

New York to impose the country’s first statewide moratorium on data centers

Tuesday, July 14 by SRN News

NEW YORK (AP) - New York will block the construction of any new large data centers for up to a year so the state can create rules to protect the environment and energy grid from the power-hungry facilities that fuel artificial intelligence technology. Gov.... Read More.

Subaru to recall over 541,000 US vehicles over incorrect label

Tuesday, July 14 by SRN News

July 14 (Reuters) - Subaru is recalling 541,237 vehicles in the U.S. because they were manufactured with an incorrect Gross Axle Weight Rating (GAWR) on the certification label, the U.S. National Highway Traffic Safety Administration said on Tuesday. (Reporting by Disha Mishra in... Read More.

China tells some banks not to re-discount bills at rates below 0.5%, sources say

Tuesday, July 14 by SRN News

July 14 (Reuters) - Chinese regulators have issued guidance to some banks barring them from conducting bill re-discount operations at rates below 0.5%, sources said on Tuesday, as regulators move to rein in aggressive bill buying amid weak loan demand. The guidance came after bill... Read More.

Wall St futures mixed ahead of CPI, bank earnings; US-Iran tensions in focus

Tuesday, July 14 by SRN News

July 14 (Reuters) - U.S. stock index futures were mixed on Tuesday as investors braced for a pivotal inflation report and earnings from Wall Street's biggest banks, while U.S.-Iran tensions sent oil prices surging and threatened to reignite price pressures. JPMorgan Chase, Goldman Sachs, Wells... Read More.

BMW to recall over 29,000 US vehicles over fire risk

Tuesday, July 14 by SRN News

July 14 (Reuters) - BMW is recalling 29,119 vehicles in the U.S. over issues with the engine starter relay that may corrode, leading to overheating and short circuit, increasing the risk of a fire, the U.S. National Highway Traffic Safety Administration said on Tuesday.... Read More.

NHTSA receives complaint related to some Honda minivan air bags

Tuesday, July 14 by SRN News

July 14 (Reuters) - A U.S. auto safety regulator said on Tuesday it received a request to open a probe into 806,963 Honda minivans over concerns related to their air bags. The National Highway Traffic Safety Administration said the petition was related to inadvertent deployment... Read More.

Some questions that may come up during Fed chief Warsh’s testimony to Congress

Tuesday, July 14 by SRN News

By Howard Schneider July 14 (Reuters) - Federal Reserve Chairman Kevin Warsh heads to Capitol Hill on Tuesday to deliver his first congressional testimony since taking over as head of the U.S. central bank. Warsh's public comments and Senate confirmation hearing have highlighted many of his... Read More.

Watches of Switzerland sees robust US demand, signs of UK recovery

Tuesday, July 14 by SRN News

July 14 (Reuters) - Luxury retailer Watches of Switzerland said on Tuesday that strong demand from wealthy U.S. shoppers has carried into its new financial year, and there were encouraging signs of improvement in the British market. The seller of Rolex, TAG Heuer and Audemars... Read More.

Current Weather

Citi profit jumps 45% on investment banking, trading strength

You just retired (or are about to). Now what?

New York to impose the country’s first statewide moratorium on data centers

Subaru to recall over 541,000 US vehicles over incorrect label

China tells some banks not to re-discount bills at rates below 0.5%, sources say

Wall St futures mixed ahead of CPI, bank earnings; US-Iran tensions in focus

BMW to recall over 29,000 US vehicles over fire risk

Some questions that may come up during Fed chief Warsh’s testimony to Congress

Watches of Switzerland sees robust US demand, signs of UK recovery

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