Business

Congressional committee on China asks Wizards and Capitals owner to cut ties with Alibaba

Tuesday, July 7 by SRN News

The owner of Washington's NBA and NHL teams received a letter from the chair of the U.S. House Select Committee on China asking him to cut ties with Alibaba, the Chinese tech giant that has gone to court to dispute the Pentagon's recent designation... Read More.

Exclusive-BOJ dissenter Asada needs demand-driven inflation before backing rate hike

Tuesday, July 7 by SRN News

By Leika Kihara and Takahiko Wada TOKYO, July 8 (Reuters) - Bank of Japan board member Toichiro Asada said he must see signs of demand-driven inflation before supporting interest rate rises, but flagged "relatively rapid" pass-through of higher costs in a sign he may vote... Read More.

US airlines fuel bills rose by $3 billion in May

Tuesday, July 7 by SRN News

WASHINGTON, July 7 (Reuters) - Fuel costs for U.S. airlines jumped 85% in May to nearly $6.7 billion as the Middle East conflict drove up prices, the U.S. Transportation Department said Monday. Airlines spent $3.62 billion on fuel in May 2025 compared with $6.66... Read More.

NY Fed survey reports rising near-term inflation expectations in June

Tuesday, July 7 by SRN News

By Michael S. Derby July 7 (Reuters) - Americans grew more concerned about near-term inflation pressures in June even as they projected moderating gasoline price gains and a more upbeat view on current and future personal finances, a Federal Reserve Bank of New York report... Read More.

Fiat launches Topolino mini EV in U.S. with $13,995 price tag

Tuesday, July 7 by SRN News

MILAN, July 7 (Reuters) - Fiat launched sales in the United States of Topolino, its two-seat, fully electric compact car, with a price starting from $13,995 and a range of up to 46 miles (74 km), the Stellantis brand said on Tuesday. Weighing just over... Read More.

Getty scraps $3.7B Shutterstock deal after UK antitrust requires key sale

Tuesday, July 7 by SRN News

Getty Images notified Shutterstock on Tuesday that it's scrapping plans to combine the companies in a $3.7 billion deal because it didn't want to comply with a key condition laid out by Britain's antitrust regulator. In a filing, Getty said that it "delivered a... Read More.

BlackRock to launch Nasdaq-100 ETF, challenging Invesco’s dominance as AI rally boosts demand

Tuesday, July 7 by SRN News

July 7 (Reuters) - BlackRock said on Tuesday it would launch an exchange-traded fund tracking the technology-heavy Nasdaq-100 index, as it seeks to tap surging investor demand for exposure to the AI-driven stock market rally. The iShares Nasdaq 100 ETF, offered by the world's largest... Read More.

Morning Bid: Chip dip

Tuesday, July 7 by SRN News

By Anna Szymanski July 7 (Reuters) - What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest U.S. chip stocks staged a comeback on Monday, but that momentum stalled heading into Tuesday as concerns about the durability of the AI... Read More.

US trade deficit widens sharply in May as capital goods imports hit record high

Tuesday, July 7 by SRN News

WASHINGTON, July 7 (Reuters) - The U.S. trade deficit widened sharply in May as an artificial intelligence investment boom helped to drive imports of capital goods to a record high, suggesting that trade remained a drag on gross domestic product in the second quarter. The... Read More.

Nuclear fuel firm Standard Nuclear eyes up to $3.55 billion valuation in US IPO

Tuesday, July 7 by SRN News

July 7 (Reuters) - Standard Nuclear is targeting a valuation of up to $3.55 billion in its U.S. initial public offering, as investors increasingly favor energy companies on expectations of rising power demand from the rapid expansion of AI. The Oak Ridge, Tennessee-based nuclear fuel... Read More.

Current Weather

Congressional committee on China asks Wizards and Capitals owner to cut ties with Alibaba

Exclusive-BOJ dissenter Asada needs demand-driven inflation before backing rate hike

US airlines fuel bills rose by $3 billion in May

NY Fed survey reports rising near-term inflation expectations in June

Fiat launches Topolino mini EV in U.S. with $13,995 price tag

Getty scraps $3.7B Shutterstock deal after UK antitrust requires key sale

BlackRock to launch Nasdaq-100 ETF, challenging Invesco’s dominance as AI rally boosts demand

Morning Bid: Chip dip

US trade deficit widens sharply in May as capital goods imports hit record high

Nuclear fuel firm Standard Nuclear eyes up to $3.55 billion valuation in US IPO

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