Business

Nvidia to invest up to $3 billion in Lancium, the Information reports

Friday, August 7 by SRN News

(Corrects paragraph 1 to remove garble) Aug 7 (Reuters) - Nvidia will invest up to $3 billion in Blackstone backed power infrastructure developer Lancium, the company behind Stargate, the Information reported on Friday. Nvidia will get a 20% stake in Lancium for the first $2... Read More.

Canada discussing trade concessions with US to avoid new tariffs, says source

Friday, August 7 by SRN News

By David Ljunggren OTTAWA, Aug 7 (Reuters) - Canada and the U.S. are discussing a prospective deal in which Ottawa would tackle a list of Trump administration trade demands in exchange for Washington scrapping a threat to impose new tariffs, a source familiar with the... Read More.

New Jersey’s $2.5 billion ‘forever chemicals’ settlements with DuPont, 3M, others win court approval

Friday, August 7 by SRN News

Aug 7 (Reuters) - A federal judge on Friday approved more than $2.5 billion of settlements that New Jersey reached with DuPont, Chemours, Corteva and 3M to resolve claims over pollution attributed to PFAS, also known as "forever chemicals." • Chief Judge Renee Marie Bumb... Read More.

Two-day strike begins at BHP’s Port Hedland iron ore operations

Friday, August 7 by SRN News

MELBOURNE, Aug 8 (Reuters) - Industrial action at BHP's Port Hedland operations in Western Australia began on Saturday, marking the first major strike there in more than two decades. BHP ships some $80 million of iron ore daily through Port Hedland, the world's biggest iron... Read More.

US Postal Service reports $2.5 billion quarterly loss

Friday, August 7 by SRN News

By David Shepardson WASHINGTON, Aug 7 (Reuters) - The U.S. Postal Service reported a $2.5 billion net loss for the fiscal third quarter, nearly $600 million less of a loss than the same quarter last year, and urged a series of actions from Congress to... Read More.

Plaintiff Trump gets reprieve from an order to disclose his finances in BBC case — but only for now

Friday, August 7 by SRN News

President Donald J. Trump, Plaintiff, got a welcome break this week in one of his battles with the media - but for the moment, only a temporary one. As his $10 billion lawsuit against the BBC proceeds, a federal judge in Florida granted the president... Read More.

Trump administration moves ahead with efforts to fire Federal Reserve governor Lisa Cook

Friday, August 7 by SRN News

WASHINGTON (AP) - The Trump administration is moving ahead with its efforts to fire Federal Reserve governor Lisa Cook, two months after the Supreme Court allowed her to retain her job while she fights the president's effort to terminate her over mortgage fraud allegations... Read More.

Morgan Stanley hires BofA’s Kweskin to cover diversified industries

Friday, August 7 by SRN News

By Sabrina Valle NEW YORK, Aug 7 (Reuters) - Morgan Stanley has hired diversified industries banker Adam Kweskin to join its Global Industrials Investment Banking Group, according to a person familiar with the matter. Kweskin, who most recently was a managing director in Bank of America's... Read More.

NY Fed finds little change in inflation expectations in July

Friday, August 7 by SRN News

By Michael S. Derby Aug 7 (Reuters) - Americans' outlook for inflation was little changed in July compared to the prior month as households marked up their assessments of their current and future financial situations, a report from the Federal Reserve Bank of New York... Read More.

Early surge in US container imports coming to an end, shippers say

Friday, August 7 by SRN News

By Lisa Baertlein LOS ANGELES, Aug 7 (Reuters) - An early seasonal surge in U.S. container import volume, driven by shippers racing to avoid higher fuel surcharges tied to the U.S.-Israeli war with Iran and new U.S. tariffs, is ending, according to research released on... Read More.

Current Weather

Nvidia to invest up to $3 billion in Lancium, the Information reports

Canada discussing trade concessions with US to avoid new tariffs, says source

New Jersey’s $2.5 billion ‘forever chemicals’ settlements with DuPont, 3M, others win court approval

Two-day strike begins at BHP’s Port Hedland iron ore operations

US Postal Service reports $2.5 billion quarterly loss

Plaintiff Trump gets reprieve from an order to disclose his finances in BBC case — but only for now

Trump administration moves ahead with efforts to fire Federal Reserve governor Lisa Cook

Morgan Stanley hires BofA’s Kweskin to cover diversified industries

NY Fed finds little change in inflation expectations in July

Early surge in US container imports coming to an end, shippers say

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