Business

Trading Day: A chip on our shoulder: Volatile semis drag U.S. stocks lower, crude jumps

Tuesday, July 7 by SRN News

By Stephen Culp NEW YORK, July 7 (Reuters) - Wall Street stocks followed their European counterparts lower amid a chip-driven tech selloff on Tuesday as a flare-up of Middle East tensions sent crude prices higher. I will go into more detail on today's market moves below.... Read More.

FCC denies US firm with Chinese links approval to provide telecom services

Tuesday, July 7 by SRN News

By David Shepardson WASHINGTON, July 7 (Reuters) - The Federal Communications Commission said on Tuesday it is adding California-based Digitalsystem Technology to a list of companies posing risks to U.S. national security, citing links to Chinese telecom firms and its ownership by a Chinese national. The... Read More.

Netherlands looks to move past Nexperia dispute with China, Dutch minister says

Tuesday, July 7 by SRN News

By Laurie Chen BEIJING, July 7 (Reuters) - Dutch Trade Minister Sjoerd Sjoerdsma said on Tuesday that the Netherlands and China were cooperating "extremely well" to resolve a dispute involving chipmaker Nexperia, as he sought to reset ties with Beijing during the first visit by... Read More.

Norfolk Southern, Union Pacific defend proposed $85 billion merger

Tuesday, July 7 by SRN News

By David Shepardson WASHINGTON, July 7 (Reuters) - Union Pacific and Norfolk Southern told a U.S. government agency Tuesday they are willing to divest ownership stakes in some smaller railroads as part of their proposed $85 billion merger. The deal would create the first U.S. coast-to-coast... Read More.

US coach Pochettino’s viral shirt gives Hugo Boss welcome buzz

Tuesday, July 7 by SRN News

By Danielle Kaye and Alessandro Parodi NEW YORK, July 7 (Reuters) - U.S. national soccer team coach Mauricio Pochettino fell short of getting the World Cup co-hosts into the quarter-finals. But his signature attire by the pitch - a sleek blue Hugo Boss shirt -... Read More.

Perplexity says it plans to use Nvidia’s new CPU

Tuesday, July 7 by SRN News

By Stephen Nellis SAN FRANCISCO, July 7 (Reuters) - AI startup Perplexity on Tuesday confirmed it plans to use Nvidia's new central processing units, as the chip giant works to broaden its market and take on entrenched players such as Intel and Advanced Micro Devices. Nvidia... Read More.

Oil jumps after settlement as US revokes general license for Iran oil sales

Tuesday, July 7 by SRN News

By Nicole Jao NEW YORK, July 7 (Reuters) - Oil prices settled 3% higher on Tuesday and then extended gains post-settlement, after the U.S. revoked the general license that authorized the sale of Iranian crude oil. Reports of attacks on vessels near the Strait of... Read More.

United States revokes license that authorized Iranian oil sales

Tuesday, July 7 by SRN News

By Steve Holland and Jarrett Renshaw WASHINGTON, July 7 (Reuters) - The United States revoked on Tuesday a general license that authorized the sale of Iranian oil, as a U.S. official warned that Iran's actions in the Strait of Hormuz were "wholly unacceptable" and would... Read More.

Brazil’s 2026 auto sales seen at highest since 2014, auto association says

Tuesday, July 7 by SRN News

SAO PAULO, July 7 (Reuters) - Brazilian auto sales this year are expected to reach the highest level since 2014, automakers association Anfavea said on Tuesday, while also increasing production estimates, despite a decline in the June figures. • The outlook for Brazil's... Read More.

Wall Street banks are sky-high about SpaceX, but investors remain cautious

Tuesday, July 7 by SRN News

NEW YORK (AP) - Wall Street banks have high hopes for SpaceX but at the moment shares of Elon Musk's rocket market appear to be earthbound. Many of the investment firms that underwrote SpaceX's initial public offering issued their first research notes about the company... Read More.

Current Weather

Trading Day: A chip on our shoulder: Volatile semis drag U.S. stocks lower, crude jumps

FCC denies US firm with Chinese links approval to provide telecom services

Netherlands looks to move past Nexperia dispute with China, Dutch minister says

Norfolk Southern, Union Pacific defend proposed $85 billion merger

US coach Pochettino’s viral shirt gives Hugo Boss welcome buzz

Perplexity says it plans to use Nvidia’s new CPU

Oil jumps after settlement as US revokes general license for Iran oil sales

United States revokes license that authorized Iranian oil sales

Brazil’s 2026 auto sales seen at highest since 2014, auto association says

Wall Street banks are sky-high about SpaceX, but investors remain cautious

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