Business

Norway wealth fund enters strategic partnership with Asana Partners in the US

Tuesday, July 7 by SRN News

COPENHAGEN, July 7 (Reuters) - Norway's sovereign wealth fund, the world's largest, said on Tuesday it signed a deal with retail real estate investment firm Asana Partners for a strategic partnership in which it will own a 49% stake. Norges Bank Investment Management (NBIM) said... Read More.

Fed’s Williams tells Fox Business he’s more sanguine on inflation due to energy price retreat

Tuesday, July 7 by SRN News

By Michael S. Derby July 7 (Reuters) - Federal Reserve Bank of New York President John Williams said in a television interview on Tuesday he has grown a little less worried about the state of price pressures in the economy. "Inflation is still too high," Williams... Read More.

Nasdaq falls at open as DeepSeek’s AI chip push rattles markets

Tuesday, July 7 by SRN News

July 7 (Reuters) - The Nasdaq opened lower on Tuesday amid declining chip stocks, with investors questioning the momentum of the AI-led rally despite Samsung's strong earnings, while a report on China's DeepSeek making its own AI chip also hit sentiment. The Dow Jones Industrial... Read More.

Financial institutions’ health is key factor in bank runs, New York Fed research shows

Tuesday, July 7 by SRN News

NEW YORK, July 7 (Reuters) - Bank runs turn into bigger problems when financial institutions' broader underlying health is under challenge, new research from the New York Federal Reserve showed on Tuesday. Data offer "little support" for the idea that small shocks can generate "widespread"... Read More.

Wall Street warms to SpaceX ahead of Nasdaq 100 inclusion

Tuesday, July 7 by SRN News

(Corrects paragraph 12 to say Oppenheimer initiated coverage on SpaceX in June and not in July) By Purvi Agarwal and Rashika Singh July 7 (Reuters) - SpaceX's addition to the Nasdaq 100 on Tuesday is expected to unleash billions in passive buying, as brokerages kick off... Read More.

Ford to recall over 110,000 US vehicles over wiper, pinion shaft issues, NHTSA says

Tuesday, July 7 by SRN News

July 7 (Reuters) - Ford is recalling 110,626 Mustang vehicles in the U.S. in two separate recalls over malfunctioning windshield wipers and a rear differential pinion shaft that may fracture, the U.S. National Highway Traffic Safety Administration said on Tuesday. • Ford will recall 67,842... Read More.

Nasdaq futures fall after Samsung’s record profit fails to allay chip jitters

Tuesday, July 7 by SRN News

July 7 (Reuters) - Futures tied to the tech-heavy Nasdaq dropped on Tuesday on declines in chip stocks over concerns about the sustainability of the AI-driven rally despite strong results from Samsung, while SpaceX shares dipped ahead of their Nasdaq-100 debut. Elon Musk's SpaceX was... Read More.

Lockheed Martin, Rheinmetall to jointly produce ATACMS missiles in Germany

Tuesday, July 7 by SRN News

ANKARA, July 7 (Reuters) - U.S. defence company Lockheed Martin and Germany's Rheinmetall signed a memorandum of understanding on Tuesday to jointly produce ATACMS missiles in Germany, a move that would mark the first manufacture of the short-range ballistic missile outside the United States. In... Read More.

Trading surge, helped by SpaceX IPO, seen lifting Wall St banks’ second-quarter earnings

Tuesday, July 7 by SRN News

By Saeed Azhar and Arasu Kannagi Basil NEW YORK, July 7 (Reuters) - Driven in part by the blockbuster SpaceX mega IPO, a surge in sales and trading will power U.S. Wall Street bank earnings in the second quarter, supported by solid fee growth from... Read More.

Factbox-Defence companies sign deals at NATO industry forum

Tuesday, July 7 by SRN News

July 7 (Reuters) - Defence companies from NATO member states gathered in Ankara on Tuesday for an industry forum held alongside the alliance's annual summit, where several defence cooperation and procurement agreements were expected to be announced. Here are the deals announced so far: SAAB The... Read More.

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Current Weather

Norway wealth fund enters strategic partnership with Asana Partners in the US

Fed’s Williams tells Fox Business he’s more sanguine on inflation due to energy price retreat

Nasdaq falls at open as DeepSeek’s AI chip push rattles markets

Financial institutions’ health is key factor in bank runs, New York Fed research shows

Wall Street warms to SpaceX ahead of Nasdaq 100 inclusion

Ford to recall over 110,000 US vehicles over wiper, pinion shaft issues, NHTSA says

Nasdaq futures fall after Samsung’s record profit fails to allay chip jitters

Lockheed Martin, Rheinmetall to jointly produce ATACMS missiles in Germany

Trading surge, helped by SpaceX IPO, seen lifting Wall St banks’ second-quarter earnings

Factbox-Defence companies sign deals at NATO industry forum

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