Business

US government confirms Tesla and LG Energy Solution’s $4.3 billion battery deal

Tuesday, March 17 by SRN News

By Kanishka Singh WASHINGTON, March 16 (Reuters) - The U.S. government on Monday said electric vehicle maker Tesla and South Korea's LG Energy Solution had signed a supply agreement to build a $4.3 billion lithium iron phosphate (LFP) prismatic battery cell manufacturing facility in Lansing,... Read More.

JPMorgan poaches Goldman veteran Zhang as co-head of China investment banking

Tuesday, March 17 by SRN News

By Yantoultra Ngui and Kane Wu SINGAPORE, March 17 (Reuters) - JPMorgan Chase has hired Yi Zhang from Goldman Sachs as co-head of China investment banking, in the latest of a series of new hires to strengthen its Asia banking business, according to an internal... Read More.

SK Group chairman says wafer shortage to last until 2030, trying to stabilise memory prices

Tuesday, March 17 by SRN News

By Max A. Cherney and Heekyong Yang SAN JOSE, California, March 16 (Reuters) - South Korea's SK Group Chairman Chey Tae-won said on Monday the global chip wafer shortage is likely to persist until 2030, as demand driven by artificial intelligence continues to outpace supply.... Read More.

Oil gains over 2% as market weighs Iran war supply risks

Tuesday, March 17 by SRN News

March 17 (Reuters) - Oil prices rose more than 2% in early trade on Tuesday, reversing some of the previous session's losses, on worries about supply with the Strait of Hormuz mostly shut and U.S. allies rebuffing calls to send warships to help tankers... Read More.

Asia stocks attempt a rebound with central banks in the spotlight

Tuesday, March 17 by SRN News

By Gregor Stuart Hunter SINGAPORE, March 17 (Reuters) - Stocks climbed in early Asian trading on Tuesday, pressing for a second day of gains as investors confronted a crowded central bank calendar and an unrelenting Middle East conflict. Markets are on edge, trying to price in... Read More.

SK Group chairman says wafer shortage to last until 2030, trying to stabilise memory prices

Tuesday, March 17 by SRN News

By Max A. Cherney, Stephen Nellis and Heekyong Yang SAN JOSE, California, March 16 (Reuters) - South Korea's SK Group Chairman Chey Tae-won said on Monday the global chip wafer shortage is likely to persist until 2030, as demand driven by artificial intelligence continues to... Read More.

US average diesel prices cross $5 a gallon as Middle East War tests global economy

Monday, March 16 by SRN News

By Shariq Khan NEW YORK, March 16 (Reuters) - U.S. average retail diesel prices crossed $5 a gallon for only the second time ever on Monday as the war in the Middle East squeezes supplies of the industrial fuel, according to fuel markets tracker GasBuddy. Economists... Read More.

Boeing asks suppliers to check for Middle East impact as war rages

Monday, March 16 by SRN News

By Allison Lampert March 16 (Reuters) - U.S. planemaker Boeing has asked suppliers to identify any impact to production caused by the U.S.-Israeli war on Iran, according to a message to suppliers seen by Reuters, as industry concerns rise that a longer conflict could further... Read More.

Beyond Meat to delay annual report filing, reports preliminary Q4 revenue

Monday, March 16 by SRN News

March 16 (Reuters) - Beyond Meat on Monday forecast fourth-quarter revenue below Wall Street estimates, and said it would delay filing its annual report for 2025 citing material weakness in its internal financial controls. Shares of the company fell about 5% in extended trading. The... Read More.

Nvidia CEO heralds ‘inference inflection’ as next phase of AI boom, backed by $1 trillion in orders

Monday, March 16 by SRN News

Nvidia CEO Jensen Huang on Monday elaborated on his vision for keeping his company at the forefront of the artificial intelligence boom that he predicted will produce a $1 trillion backlog in orders within the next year. Sporting his signature black leather jacket, Huang... Read More.

Current Weather

US government confirms Tesla and LG Energy Solution’s $4.3 billion battery deal

JPMorgan poaches Goldman veteran Zhang as co-head of China investment banking

Oil gains over 2% as market weighs Iran war supply risks

Asia stocks attempt a rebound with central banks in the spotlight

US average diesel prices cross $5 a gallon as Middle East War tests global economy

Boeing asks suppliers to check for Middle East impact as war rages

Beyond Meat to delay annual report filing, reports preliminary Q4 revenue

Nvidia CEO heralds ‘inference inflection’ as next phase of AI boom, backed by $1 trillion in orders

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