Business

AI is an energy and water hog, here’s what you can do to counter that

Wednesday, June 24 by SRN News

WASHINGTON (AP) - As the world tries to curb human-caused climate change and not run dry of water, every online query is increasing our environmental footprint and exacerbating the problem. Artificial intelligence and the data centers they require use growing amounts of energy and are... Read More.

SpaceX short selling bets increase after post-debut share selloff

Wednesday, June 24 by SRN News

By Saqib Iqbal Ahmed NEW YORK, June 24 (Reuters) - Short sellers have increased their bets on further falls in the share price of Elon Musk's SpaceX after the stock's drop from highs scaled immediately after its market debut on June 12, data and analytics... Read More.

Wendy’s hits over seven-month high as retail traders spark meme-like rally

Wednesday, June 24 by SRN News

By Shashwat Chauhan June 24 (Reuters) - Wendy's highly shorted shares jumped to a more than seven-month high on Wednesday as retail traders flocked to the beaten-down stock of the fast-food chain, in the latest meme-like rally. They were up 28.5% at $9 when trading... Read More.

Gold ETFs could see fresh outflows on rising bets on Fed monetary tightening

Wednesday, June 24 by SRN News

By Ashitha Shivaprasad June 24 (Reuters) - Bullion-backed exchange-traded funds could face renewed outflows if investors continue to increase their bets on interest rate hikes, analysts say - a factor that could pull already falling gold prices lower. Spot gold prices slipped below a key psychological... Read More.

Justice Department says Chemours agreed to $450 million settlement agreement

Wednesday, June 24 by SRN News

WASHINGTON, June 24 (Reuters) - The U.S. Department of Justice said on Wednesday that The Chemours Company agreed to a $450 million settlement over the release of "forever chemicals" in West Virginia, North Carolina and New Jersey. (Reporting by Katharine Jackson and Daphne Psaledakis;... Read More.

Pfizer dismissed from US states’ drug price-fixing lawsuit

Wednesday, June 24 by SRN News

By Jonathan Stempel June 24 (Reuters) - Pfizer has been dismissed as a defendant in a sweeping antitrust lawsuit in which most U.S. states accused dozens of drugmakers and executives of fixing generic drug prices. In a decision on Tuesday, Chief Judge Michael Shea of the... Read More.

Exclusive-US SEC probes popular type of private equity fund as it steps up industry scrutiny, sources say

Wednesday, June 24 by SRN News

By Chris Prentice, Dawn Kopecki and Isla Binnie WASHINGTON, June 24 (Reuters) - The U.S. Securities and Exchange Commission's enforcement division is probing funds typically used by private equity firms and other money managers to hold on to assets they either cannot or do not... Read More.

US CFOs in survey say firms mostly absorbed oil price shock

Wednesday, June 24 by SRN News

By Howard Schneider WASHINGTON, June 24 (Reuters) - The U.S.-backed war against Iran touched off fears of stagflation last spring, but most company finance chiefs in a recent Federal Reserve survey said the resulting spike in energy costs prompted only small price hikes of their... Read More.

Germany carries out raids in sabotage investigation related to former Gazprom unit

Wednesday, June 24 by SRN News

BERLIN (AP) - German prosecutors said they carried out raids Wednesday in an investigation of a suspected attempt to disrupt the country's gas supply, connected to an opaque maneuver in 2022 involving what was Russian energy giant Gazprom's German unit. Federal prosecutors said police searched... Read More.

Tucker Carlson’s ALP nicotine pouches to launch in Europe, CEO says

Wednesday, June 24 by SRN News

By Emma Rumney LONDON, June 24 (Reuters) - U.S. nicotine pouch brand ALP, which is co-owned by U.S. conservative talk show host Tucker Carlson, will launch sales in 11 European markets from July, its CEO Lorenzo De Plano said. ALP, co-owned by Carlson and Turning Point... Read More.

Current Weather

AI is an energy and water hog, here’s what you can do to counter that

Wendy’s hits over seven-month high as retail traders spark meme-like rally

Gold ETFs could see fresh outflows on rising bets on Fed monetary tightening

Justice Department says Chemours agreed to $450 million settlement agreement

Pfizer dismissed from US states’ drug price-fixing lawsuit

Exclusive-US SEC probes popular type of private equity fund as it steps up industry scrutiny, sources say

US CFOs in survey say firms mostly absorbed oil price shock

Tucker Carlson’s ALP nicotine pouches to launch in Europe, CEO says

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