Business

Cboe submits proposal to launch near 24×5 U.S. equities trading

Monday, March 16 by SRN News

March 16 (Reuters) - Exchange operator Cboe said on Monday it has submitted a proposal to the Securities and Exchange Commission to launch a near 24×5 U.S. equities trading on one of its exchanges. The proposal comes as exchanges ramp up their push to capture... Read More.

Saks Global secures $300 million bankruptcy funding, bondholders back five-year plan

Monday, March 16 by SRN News

March 16 (Reuters) - Saks Global said on Monday it has got access to $300 million more of its $1.75 billion bankruptcy funding package, and said an ad hoc group of bondholders has approved the luxury retailer's five-year business plan. The company, which filed for... Read More.

Bond investors, wary of Iran war, turn risk-averse ahead of Fed meeting

Monday, March 16 by SRN News

By Gertrude Chavez-Dreyfuss NEW YORK, March 16 (Reuters) - Bond investors have shifted to a defensive stance since the Middle East war injected fresh risk into markets, with many loading up on short-term U.S. Treasuries ahead of the Federal Reserve's monetary policy decision. On... Read More.

Trump says Fed should hold meeting to cut rates now

Monday, March 16 by SRN News

WASHINGTON, March 16 (Reuters) - President Donald Trump told reporters on Monday that the U.S. Federal Reserve should hold a "special meeting" to cut interest rates "right now." (Reporting by Bo Erickson; Editing by Katharine Jackson) Brought to you by www.srnnews.com

Factbox-Private credit strains ripple through Wall Street as investors grow wary

Monday, March 16 by SRN News

By Pritam Biswas and Arasu Kannagi Basil March 16 (Reuters) - Private-credit market jitters have spilled onto Wall Street, with some major U.S. banks tightening lending while the funds have capped withdrawals as mounting concerns prompt firms to curb risk and brace for further strain.... Read More.

US manufacturing output rises marginally in February

Monday, March 16 by SRN News

WASHINGTON, March 16 (Reuters) - U.S. factory production increased marginally in February as strength in motor vehicle output was offset by weakness in machinery, data showed on Monday. Manufacturing output rose 0.2% last month after an upwardly revised 0.8% gain in January, the... Read More.

Wall St opens higher as tech stocks gain; Investors weigh Middle East conflict

Monday, March 16 by SRN News

March 16 (Reuters) - Wall Street's main indexes opened higher on Monday with shares of Meta among the top gainers after a report said the megacap was prepping for sweeping AI-related layoffs, even as elevated crude prices due to the raging Middle East conflict... Read More.

US home builder sentiment edges up in March -NAHB

Monday, March 16 by SRN News

WASHINGTON, March 16 (Reuters) - U.S. homebuilder sentiment edged up in March, but worries about higher construction costs and shortages of labor lingered, a survey showed on Monday. The National Association of Home Builders/Wells Fargo Housing Market index increased one point to 38 this month,... Read More.

Banks launch sale of EA buyout’s $5.75 billion cross-border loan

Monday, March 16 by SRN News

By Matt Tracy WASHINGTON, March 16 (Reuters) - A JPMorgan-led group of banks on Monday began marketing to investors a $5.75 billion loan helping finance the leveraged buyout of Electronic Arts, according to a term sheet seen by Reuters. The seven-year term loan B consists of... Read More.

A $10.5 billion deal would create a self-storage giant in the U.S.

Monday, March 16 by SRN News

A proposed megadeal in the self-storage business would create a $57 billion company overseeing square footage, if it were combined in a single location, of a small city such as Cupertino, California, or Chapel Hill, North Carolina. Public Storage said Monday that it will... Read More.

Current Weather

Cboe submits proposal to launch near 24×5 U.S. equities trading

Saks Global secures $300 million bankruptcy funding, bondholders back five-year plan

Bond investors, wary of Iran war, turn risk-averse ahead of Fed meeting

Trump says Fed should hold meeting to cut rates now

Factbox-Private credit strains ripple through Wall Street as investors grow wary

US manufacturing output rises marginally in February

Wall St opens higher as tech stocks gain; Investors weigh Middle East conflict

US home builder sentiment edges up in March -NAHB

Banks launch sale of EA buyout’s $5.75 billion cross-border loan

A $10.5 billion deal would create a self-storage giant in the U.S.

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