Business

New York construction scare highlights the challenges of converting offices into housing

Friday, July 10 by SRN News

NEW YORK (AP) - When two steel columns buckled this week inside the former Pfizer headquarters in midtown Manhattan, the scare prompted evacuations and halted work on one of the nation's largest office-to-apartment conversions. It also highlighted the complex engineering behind adaptive reuse projects, which... Read More.

EU demands Facebook and Instagram dismantle design features it calls addictive for users

Friday, July 10 by SRN News

The Europe Union accused Meta on Friday of breaching its social media law by designing Facebook and Instagram to get users hooked, and demanded it disable "key addictive features" like infinite scrolling. The EU's executive arm issued a fresh set of charges against Meta... Read More.

SK Hynix’s US listing sparks rush of single-stock ETF filings

Friday, July 10 by SRN News

By Gregor Stuart Hunter SINGAPORE, July 10 (Reuters) - At least 10 fund managers, including major issuers Direxion and ProShares, have filed registrations to list single-stock exchange-traded funds tracking SK Hynix soon after the chipmaker begins trading in the U.S., according to regulatory filings. • Almost... Read More.

Audi half-year deliveries fall on China competition, US tariffs

Friday, July 10 by SRN News

July 10 (Reuters) - Audi, German carmaker Volkswagen's premium brand, reported on Friday a 7% year-on-year fall in global deliveries during the first half of the year, as competition in China and U.S. tariffs hampered demand. Deliveries fell by nearly a fifth in China in... Read More.

Meme ETF rally leaves many underwater

Friday, July 10 by SRN News

By Chibuike Oguh NEW YORK, July 10 (Reuters) - Investors chasing market themes are learning a familiar lesson: a hot investment doesn't necessarily make for a profitable one. The Roundhill Meme Stock ETF is up about 35% this year, including a 3.5% rise on Thursday, driven... Read More.

SK Hynix set for marquee US debut in test for AI appetite

Friday, July 10 by SRN News

By Utkarsh Shetti July 10 (Reuters) - SK Hynix's U.S. trading debut on Friday following a $26.5 billion share sale will be a key test of investors' belief in the durability of the AI boom, coming after a recent pullback in semiconductor stocks. Chip stocks have... Read More.

A shoe factory fire that killed 28 highlights China’s persisting worker safety risks

Friday, July 10 by SRN News

BEIJING (AP) - Authorities were investigating a blaze at a shoe factory in southeastern China's Fujian province that killed 28 people, raising renewed concern over worker safety. The state-run Xinhua News Agency said Friday that a search had ended while an investigation was underway... Read More.

Asian stocks climb and oil prices slip as traders monitor Iran war developments

Friday, July 10 by SRN News

HONG KONG (AP) - Asian stocks mostly advanced Friday, helped by buying of technology-related shares, while oil prices slipped as traders watched for developments in the Iran war. U.S. futures were mixed. Tensions between Iran and the U.S. escalated this week after President Donald Trump said... Read More.

EU regulators hit US wall in quest for private credit data

Friday, July 10 by SRN News

By Francesco Canepa FRANKFURT, July 10 (Reuters) - European financial supervisors seeking a clearer picture of banks' exposure to private credit markets are running into resistance from the U.S. Treasury, highlighting a widening transatlantic divide over financial regulation, officials say. European authorities are increasingly concerned about... Read More.

Morning Bid: Japan calling capital home

Friday, July 10 by SRN News

A look at the day ahead in European and global markets from Ankur Banerjee Japanese markets got a shot in the arm after the government indicated it wants the country's state pension funds to increase investments in domestic assets, an eagerly awaited move to spur... Read More.

Current Weather

New York construction scare highlights the challenges of converting offices into housing

EU demands Facebook and Instagram dismantle design features it calls addictive for users

SK Hynix’s US listing sparks rush of single-stock ETF filings

Audi half-year deliveries fall on China competition, US tariffs

Meme ETF rally leaves many underwater

SK Hynix set for marquee US debut in test for AI appetite

A shoe factory fire that killed 28 highlights China’s persisting worker safety risks

Asian stocks climb and oil prices slip as traders monitor Iran war developments

EU regulators hit US wall in quest for private credit data

Morning Bid: Japan calling capital home

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