Business

Changes to student loans are taking effect July 1. Here’s what to know

Wednesday, July 1 by SRN News

NEW YORK (AP) - Changes to federal student loans expected to affect millions of borrowers are taking effect July 1. A part of President Donald Trump's "Big Beautiful Bill," these changes mean the end of some payment plans and new limits for graduate loans.... Read More.

US construction spending inches up in May, but homebuilding weak

Wednesday, July 1 by SRN News

WASHINGTON, July 1 (Reuters) - U.S. construction spending edged up in May as higher mortgage rates because of the Middle East conflict constrained homebuilding. The Commerce Department's Census Bureau said on Wednesday that construction spending rose 0.1% after a downwardly revised 0.3% increase in April.... Read More.

Trump administration lifts restrictions on Anthropic’s Claude models after cybersecurity alarm

Wednesday, July 1 by SRN News

SAN FRANCISCO (AP) - The Trump administration has lifted restrictions on artificial intelligence company Anthropic's latest versions of its Claude chatbot, ending a weekslong ban tied to cybersecurity concerns. Anthropic said Tuesday night that its AI model called Claude Fable 5 is now widely... Read More.

GM’s second-quarter US auto sales fall 4%

Wednesday, July 1 by SRN News

July 1 (Reuters) - General Motors on Wednesday reported a 4.2% drop in U.S. auto sales during the second quarter, as inflationary pressures kept some new vehicle buyers at bay. The automaker notched quarterly sales of 714,896 units compared with 746,588 units a year... Read More.

Goldman Sachs names Bosworth as acting general counsel

Wednesday, July 1 by SRN News

NEW YORK, July 1 (Reuters) - Goldman Sachs on Wednesday named Michael Bosworth as acting general counsel and a member of its core executive leadership team, replacing Kathryn Ruemmler, who stepped down from the role from June 30. Ruemmler resigned this year as chief legal... Read More.

Activist investors make bigger push for campaigns in H1, seek more M&A

Wednesday, July 1 by SRN News

By Svea Herbst-Bayliss NEW YORK, July 1 (Reuters) - Activist investors pushed global companies more aggressively in the second quarter to make changes and lifted the overall pace of campaigns in the first half of 2026, Barclays data showed, as their biggest demand was for... Read More.

CMA CGM to buy FedEx third-party logistics arm in $1.4 billion deal

Wednesday, July 1 by SRN News

PARIS, July 1 (Reuters) - French shipping group CMA CGM has agreed to acquire FedEx's third-party logistics business for an enterprise value of $1.4 billion, it said on Wednesday, as it seeks to expand its presence in the logistics sector and in the United... Read More.

Retrofitted Qatari jet takes flight as Air Force One for Trump’s trip to North Dakota

Wednesday, July 1 by SRN News

WASHINGTON (AP) - President Donald Trump on Wednesday is taking his maiden voyage on a new Air Force One - a retrofitted Boeing 747 worth $400 million gifted by Qatar that embeds his personality more deeply into the institution of the American presidency. Gone is... Read More.

New Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation

Wednesday, July 1 by SRN News

WASHINGTON (AP) - New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President Donald Trump has sought. In remarks at a central bank conference in Sintra, Portugal,... Read More.

Wall St futures slip as US-Iran tensions cloud Middle East peace prospects

Wednesday, July 1 by SRN News

By Niket Nishant and Avinash P July 1 (Reuters) - Wall Street futures dipped on Wednesday as U.S.-Iran tensions cast fresh doubt over peace in the Middle East, marking a cautious start to the second half of the year, while investors awaited commentary from... Read More.

Current Weather

Changes to student loans are taking effect July 1. Here’s what to know

US construction spending inches up in May, but homebuilding weak

Trump administration lifts restrictions on Anthropic’s Claude models after cybersecurity alarm

GM’s second-quarter US auto sales fall 4%

Goldman Sachs names Bosworth as acting general counsel

Activist investors make bigger push for campaigns in H1, seek more M&A

CMA CGM to buy FedEx third-party logistics arm in $1.4 billion deal

Retrofitted Qatari jet takes flight as Air Force One for Trump’s trip to North Dakota

New Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation

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