Business

Lawsuit accuses BlackRock of overcharging mutual fund investors

Monday, July 13 by SRN News

By Jonathan Stempel NEW YORK, July 13 (Reuters) - BlackRock, one of the world's largest asset managers, was sued on Monday by investors who said it stuck them with higher management fees and tax bills by using improper accounting that inflated the values of more... Read More.

Riyadh Air studies order for 25-30 more Boeing 787s, sources say

Monday, July 13 by SRN News

PARIS, July 13 (Reuters) - Saudi startup Riyadh Air is studying the purchase of between 25 and 30 more Boeing 787 Dreamliners by exercising most of its contractual options with the U.S. planemaker, industry sources said. The carrier, which last month staged its first commercial... Read More.

Pentagon invests $25 million into rare earths startup ReElement Technologies

Monday, July 13 by SRN News

July 13 (Reuters) - The U.S. Department of Defense said on Monday it would invest $25 million in rare earths startup ReElement Technologies, part of a broader push by the Trump administration to boost domestic supplies of critical minerals and challenge China's dominance of... Read More.

JPMorgan’s Dimon questioned on whether he lobbied UK government on Epstein’s advice, FT reports

Monday, July 13 by SRN News

July 13 (Reuters) - JPMorgan CEO Jamie Dimon has received a letter from Democratic Senator Elizabeth Warren about whether he lobbied the UK government against a tax on bankers' bonuses on the advice of Jeffrey Epstein, the Financial Times reported on Monday. The report follows... Read More.

U.S. bank regulators warn firms on lending to undocumented workers

Monday, July 13 by SRN News

By Pete Schroeder WASHINGTON, July 13 (Reuters) - Banks should be cautious of lending to people not legally authorized to work in the United States, as their income may be less reliable or they may be deported, a pair of U.S. bank regulators cautioned the... Read More.

Exclusive-Shein executive chairman to step down as IPO nears completion, sources say

Monday, July 13 by SRN News

By Helen Reid, Selena Li and Kane Wu LONDON/HONG KONG, July 13 (Reuters) - Shein Executive Chairman Donald Tang will step down as his mission of taking the company public nears completion, three sources with direct knowledge of the matter said on Monday, retreating... Read More.

Bank of America hires nine senior investment bankers to target US middle market

Monday, July 13 by SRN News

By Saeed Azhar and Pritam Biswas July 13 (Reuters) - Bank of America said on Monday it has hired nine senior bankers across the United States to expand its regional investment banking footprint, as the lender looks to capture growing demand from middle-market companies. The latest... Read More.

12 states challenge Paramount’s takeover of Warner Bros, say merger would ‘extinguish competition’

Monday, July 13 by SRN News

NEW YORK (AP) - Twelve states challenged Paramount's takeover of Warner Bros. Discovery on Monday, filing a lawsuit that argues the $81 billion mega merger would "extinguish competition" in Hollywood and threaten jobs across the industry. The office of California's attorney general, who is leading... Read More.

S&P 500 and Nasdaq open lower as Iran tensions jolt sentiment, chip stocks slide

Monday, July 13 by SRN News

July 13 (Reuters) - The S&P 500 and the Nasdaq opened lower on Monday, as a fresh escalation between the U.S. and Iran in the Gulf pushed oil prices higher and unsettled investors, while chip stocks also came under pressure. The Dow Jones Industrial Average... Read More.

EU chief weighs age restrictions for children using social media

Monday, July 13 by SRN News

BRUSSELS (AP) - A top European Union official on Monday called for limits to be placed on children using social media as a special EU panel looking into the challenge recommended forbidding access for those under 13 until tech companies can prove their platforms... Read More.

Current Weather

Lawsuit accuses BlackRock of overcharging mutual fund investors

Riyadh Air studies order for 25-30 more Boeing 787s, sources say

Pentagon invests $25 million into rare earths startup ReElement Technologies

JPMorgan’s Dimon questioned on whether he lobbied UK government on Epstein’s advice, FT reports

U.S. bank regulators warn firms on lending to undocumented workers

Exclusive-Shein executive chairman to step down as IPO nears completion, sources say

Bank of America hires nine senior investment bankers to target US middle market

12 states challenge Paramount’s takeover of Warner Bros, say merger would ‘extinguish competition’

S&P 500 and Nasdaq open lower as Iran tensions jolt sentiment, chip stocks slide

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