Business

China’s Inner Mongolia bets on solar and wind but coal stays close

Wednesday, July 1 by SRN News

ORDOS, China (AP) - Seen from the air, the arrays of more than 3 million solar panels shimmering in the desert sun at the Dalad Banner solar farm are arranged in the shape of a galloping horse - a symbol of Inner Mongolia's nomadic... Read More.

Federal audit finds Puerto Rico awaiting billions of dollars nearly a decade after deadly hurricane

Wednesday, July 1 by SRN News

SAN JUAN, Puerto Rico (AP) - A federal audit released Wednesday found that only 25% of some $14 billion in federal funds obligated for Puerto Rico's power grid after Hurricane Maria razed it almost a decade ago has reached the U.S. territory. Of the $11... Read More.

Asian shares fall as chipmakers drag; US jobs data looms

Wednesday, July 1 by SRN News

By Stella Qiu SYDNEY, July 2 (Reuters) - Asian shares skidded on Thursday as investors rotated out of chipmakers following a stellar quarter, while currency and bond markets braced for U.S. jobs data that could gives hints about the risk of interest rate hikes. Oil prices... Read More.

Bereaved South Koreans try AI-generated videos of deceased loved ones

Wednesday, July 1 by SRN News

SEOUL, South Korea (AP) - When he wanted to give a gift to his father who sacrificed much to raise him as a single parent, Lee Geon Hui settled on an unusual idea: an AI-animated video message from his late grandfather, whom his father... Read More.

US Treasury picks BlackRock, Vanguard ETFs for Trump Accounts

Wednesday, July 1 by SRN News

July 1 (Reuters) - The U.S. Treasury has selected two BlackRock exchange-traded funds for Trump Accounts and named Vanguard as an alternate fund partner for the government's new child savings program, which is set to launch on July 4. BlackRock's iShares Core S&P 500 ETF... Read More.

American Eagle names Papa John’s executive Ravi Thanawala as CFO

Wednesday, July 1 by SRN News

July 1 (Reuters) - Denim retailer American Eagle Outfitters on Wednesday named Ravi Thanawala its chief financial officer, replacing company veteran Mike Mathias, effective August 3. Here are some more details about the appointment: • Thanawala will join American Eagle from pizza chain Papa John's, where... Read More.

Trading Day: Stocks dip as sluggish July shuffles in

Wednesday, July 1 by SRN News

By Stephen Culp NEW YORK, July 1 (Reuters) - U.S. and world stocks embarked on a new month and quarter with little conviction, as tech shares in general and chip stocks in particular weighed on Wall Street. Meanwhile, remarks from U.S. Federal Reserve Chair Kevin... Read More.

Judge blocks Colorado’s first-of-its-kind price cap on Amgen’s Enbrel

Wednesday, July 1 by SRN News

By Jonathan Stempel July 1 (Reuters) - A federal judge on Wednesday blocked Colorado from capping the price of Amgen's blockbuster arthritis drug Enbrel, a first-of-its-kind move by a U.S. state. In granting a preliminary injunction, Chief Judge Daniel Domenico of the Denver federal court said... Read More.

US Senator Warren calls for Fed watchdog review of Bowman’s BofA dinner, WSJ reports

Wednesday, July 1 by SRN News

July 1 (Reuters) - A group of Senate Democrats requested on Wednesday that the Federal Reserve's in-house watchdog investigate a meeting by the central bank's top bank regulator and financial market participants held during a quiet period for Fed officials. Citing Fed Vice-Chair for Supervision... Read More.

Goldman’s private credit fund bucks elevated redemption trend again

Wednesday, July 1 by SRN News

By Manya Saini July 1 (Reuters) - Goldman Sachs' private credit fund said on Wednesday that investors sought to repurchase roughly 3.24% of its total shares in the second quarter, extending its streak of lower redemptions compared to most of the other private credit industry... Read More.

Current Weather

China’s Inner Mongolia bets on solar and wind but coal stays close

Federal audit finds Puerto Rico awaiting billions of dollars nearly a decade after deadly hurricane

Asian shares fall as chipmakers drag; US jobs data looms

Bereaved South Koreans try AI-generated videos of deceased loved ones

US Treasury picks BlackRock, Vanguard ETFs for Trump Accounts

American Eagle names Papa John’s executive Ravi Thanawala as CFO

Trading Day: Stocks dip as sluggish July shuffles in

Judge blocks Colorado’s first-of-its-kind price cap on Amgen’s Enbrel

US Senator Warren calls for Fed watchdog review of Bowman’s BofA dinner, WSJ reports

Goldman’s private credit fund bucks elevated redemption trend again

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