Business

TPG invests $100 million in student mobility company Zum

Thursday, April 16 by SRN News

By Abigail Summerville NEW YORK, April 16 (Reuters) - Private equity firm TPG has made a $100 million investment in Zum, in a deal that values the student transportation company at around $1.7 billion, Zum told Reuters on Thursday. The valuation marks an increase from Zum's... Read More.

US weekly jobless claims decline as labor market remains stable

Thursday, April 16 by SRN News

WASHINGTON, April 16 (Reuters) - The number of Americans filing claims for unemployment benefits fell last week, suggesting labor market conditions remained stable, though employers are cautious about hiring new workers as the conflict in the Middle East casts a shadow over the economy. Initial... Read More.

The Dodgers shattered MLB’s spending record at $515 million in 2025, 7 times the lowest payroll

Thursday, April 16 by SRN News

NEW YORK (AP) - The Dodgers shattered Major League Baseball's spending record with a combined $515 million in payroll and luxury tax last year en route to their second straight World Series title, according to final figures compiled by the commissioner's office, and Los... Read More.

Wall St futures edge higher on Mideast diplomacy hopes, strong earnings

Thursday, April 16 by SRN News

By Niket Nishant and Avinash P April 16 (Reuters) - U.S. stock index futures inched higher on Thursday as investors grew more confident that the worst of the Middle East conflict had passed, while a wave of solid earnings allayed concerns about the economy. Although... Read More.

U.S. Bancorp profit jumps on interest income, fee revenue boost

Thursday, April 16 by SRN News

April 15 (Reuters) - U.S. Bancorp reported a 13.6% jump in first-quarter profit on Thursday, driven by higher interest income and fee revenue. Loan growth has been quite strong across the industry in recent months as a string of rate cuts by the U.S. Federal... Read More.

Abbott results beat on medical device boost, Exact deal hits forecast

Thursday, April 16 by SRN News

April 16 (Reuters) - Abbott marginally beat Wall Street estimates for quarterly profit and revenue on Thursday, partially helped by its newly acquired cancer diagnostics business. However, its shares were down 2% before the bell, after the company said its 2026 profit forecast will see... Read More.

Stellantis, Microsoft sign five-year partnership for AI push

Thursday, April 16 by SRN News

MILAN, April 16 (Reuters) - Stellantis and Microsoft said on Thursday they agreed to a five‑year strategic partnership to co-develop artificial intelligence (AI), cybersecurity and engineering capabilities, as the automaker races to keep pace with technology-focused rivals. Software and data-driven services have become central... Read More.

Israel’s El Al to buy up to 12 more Boeing 787s for $1.5 billion

Thursday, April 16 by SRN News

By Steven Scheer JERUSALEM, April 16 (Reuters) - El Al Israel Airlines said on Thursday it would buy up to 12 more 787 Dreamliner aircraft from Boeing in a deal worth $1.5 billion, taking advantage of its dominance of the Israeli market during the conflicts... Read More.

Hedge funds on track for best monthly returns in over a decade, Goldman says

Thursday, April 16 by SRN News

By Anirban Sen NEW YORK, April 16 (Reuters) - Hedge funds are on track for their best monthly performance in more than a decade, after overcoming a market downturn in March triggered by the Iran war that dragged returns lower, according to Goldman Sachs' latest... Read More.

German car buyers keen on Chinese EV maker BYD in first quarter, data shows

Thursday, April 16 by SRN News

By Rachel More and Christina Amann BERLIN, April 16 (Reuters) - Chinese car brands such as BYD are gaining traction among German consumers who are increasingly looking to buy electric cars amid rising fuel prices, according to online marketplace data seen by Reuters on... Read More.

Current Weather

TPG invests $100 million in student mobility company Zum

US weekly jobless claims decline as labor market remains stable

The Dodgers shattered MLB’s spending record at $515 million in 2025, 7 times the lowest payroll

Wall St futures edge higher on Mideast diplomacy hopes, strong earnings

U.S. Bancorp profit jumps on interest income, fee revenue boost

Abbott results beat on medical device boost, Exact deal hits forecast

Stellantis, Microsoft sign five-year partnership for AI push

Israel’s El Al to buy up to 12 more Boeing 787s for $1.5 billion

Hedge funds on track for best monthly returns in over a decade, Goldman says

German car buyers keen on Chinese EV maker BYD in first quarter, data shows

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