Business

Big US banks explore Fiserv network deal, WSJ reports

Monday, July 6 by SRN News

July 6 (Reuters) - U.S. banks including JPMorgan and Bank of America have in recent months held preliminary discussions about a deal to acquire a network owned by the financial-technology company Fiserv, the Wall Street Journal reported on Monday, citing sources. The report sent Fiserv's... Read More.

Toyota to build $3.6 billion Texas plant, shift some truck production from Mexico

Monday, July 6 by SRN News

By David Shepardson WASHINGTON, July 6 (Reuters) - Toyota Motor Corp said on Monday it will build a new $3.6 billion auto plant in Texas and shift some truck production to the United States from Mexico. The Japanese automaker said the new 2.5-million-square-foot building will be... Read More.

United Airlines must face lawsuit over ‘window seats’ that lack windows

Monday, July 6 by SRN News

By Jonathan Stempel July 6 (Reuters) - A federal judge on Monday rejected United Airlines' bid to dismiss a lawsuit by passengers who complained they paid extra money to sit in window seats, only to discover their seats had no windows. U.S. District Judge James Donato... Read More.

Trump says Walmart will lower prices on ground beef, other items

Monday, July 6 by SRN News

By Tom Polansek July 6 (Reuters) - President Donald Trump said on Monday that Walmart would lower prices on many products, including ground beef, after a request from his administration. The retailer said customers would save on items including meat, produce and soda at its Walmart... Read More.

Trading Day: Chips bounce back, oil eases

Monday, July 6 by SRN News

By Stephen Culp NEW YORK, July 6 (Reuters) - Wall Street advanced on Monday as a rebound in semiconductors put the Nasdaq on top. Meanwhile, an anticipated post-war supply surge weighed on crude prices. I will go into more detail on today's market moves below.... Read More.

EV maker Rivian expects increase in quarterly revenue

Monday, July 6 by SRN News

July 6 (Reuters) - Electric vehicle maker Rivian on Monday said it expects to report an increase in second-quarter revenue, driven primarily by higher vehicle deliveries. The company expects revenue between $1.55 billion and $1.65 billion in the second quarter, compared to... Read More.

Analysis-China’s booming gig economy masks job market pain, strains welfare system

Monday, July 6 by SRN News

BEIJING, July 7 (Reuters) - Bao Zhang began driving for a Chinese ride-hailing app this year after losing his job as a software tester and says the weak job market gives him little hope of returning to the tech sector. His story is increasingly common... Read More.

Wall Street regulator should stick to quarterly reports, investor groups say

Monday, July 6 by SRN News

WASHINGTON, July 6 (Reuters) - The investment industry is urging Wall Street's top regulator to stick to its current practice of requiring quarterly reporting from publicly traded companies, according to the balance of public comment letters available on Monday. Responses to a proposal to let... Read More.

Alberta and Ontario propose a pipeline to carry western Canada’s oil to the east

Monday, July 6 by SRN News

TORONTO (AP) - Alberta and Ontario proposed a pipeline Monday to carry western Canadian oil east and eventually to Atlantic export terminals as Canada seeks new markets beyond the United States, reviving a project that was abandoned nearly a decade ago. Alberta Premier Danielle Smith... Read More.

Fed’s Waller: Forward guidance ‘valuable,’ though not at all moments

Monday, July 6 by SRN News

By Howard Schneider July 6 (Reuters) - Forward guidance can be a "valuable tool" that speeds the impact of monetary policy under the right circumstances, though it can be a problem when used inflexibly, Federal Reserve Governor Christopher Waller said on Monday in remarks highlighting... Read More.

Current Weather

Big US banks explore Fiserv network deal, WSJ reports

Toyota to build $3.6 billion Texas plant, shift some truck production from Mexico

United Airlines must face lawsuit over ‘window seats’ that lack windows

Trump says Walmart will lower prices on ground beef, other items

Trading Day: Chips bounce back, oil eases

EV maker Rivian expects increase in quarterly revenue

Analysis-China’s booming gig economy masks job market pain, strains welfare system

Wall Street regulator should stick to quarterly reports, investor groups say

Alberta and Ontario propose a pipeline to carry western Canada’s oil to the east

Fed’s Waller: Forward guidance ‘valuable,’ though not at all moments

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