Business

S&P 500 opens muted as Middle East tensions weigh

Monday, August 17 by SRN News

Aug 17 (Reuters) - The S&P 500 opened subdued on Monday as markets weighed the prospect of renewed tensions between the U.S. and Iran, while the report of a strong revenue forecast from AI lab Anthropic lifted some tech stocks. The Dow Jones Industrial Average... Read More.

Trump dwarfs his predecessors in the number of ultra-rich in his second White House, report shows

Monday, August 17 by SRN News

Wealth, perhaps second only to loyalty, has been a prized attribute for Donald Trump during his second presidency. The number of people worth at least $100 million whom the Republican president has appointed to his administration is more than four times the combined total under... Read More.

Banks reach $86.4 million Mexican bond rigging settlement in Manhattan

Monday, August 17 by SRN News

NEW YORK, Aug 17 (Reuters) - Mexican banking affiliates of Bank of America, Banco Santander, BBVA, Citigroup, Deutsche Bank and HSBC agreed to pay $86.4 million to settle a long-running antitrust lawsuit by investors who accused them of rigging the market for Mexican government... Read More.

L3Harris ousts CEO Kubasik over conduct breach, names Sam Mehta as replacement

Monday, August 17 by SRN News

Aug 17 (Reuters) - L3Harris Technologies said on Monday that CEO Christopher Kubasik had left the company after a board investigation found he had engaged in conduct inconsistent with the company's code of conduct, sending its shares down 3% in premarket trading. The company named... Read More.

Italy’s Intesa Sanpaolo holds stake in SpaceX worth nearly $1 billion in second quarter

Monday, August 17 by SRN News

MILAN, Aug 17 (Reuters) - Italy's biggest bank Intesa Sanpaolo held a stake worth about $966 million in Elon Musk's SpaceX as of June 30, an SEC filing showed. • Intesa held nearly 5.66 million shares in the rocket and satellite company at the end... Read More.

US Navy awards Raytheon $22.9 billion contract to boost Tomahawk output

Monday, August 17 by SRN News

WASHINGTON, Aug 17 (Reuters) - The U.S. Navy said on Monday that it had awarded RTX Unit Raytheon a $22.9 billion contract to boost the output of Tomahawk missiles. The U.S. has supplied large amounts of arms to allies while also using munitions in... Read More.

Morning Bid: Retail risk

Monday, August 17 by SRN News

By Mike Dolan Aug 17 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets A relatively quiet week ahead kicks off today in the shadow of the first drop in U.S. retail sales in nine months last Friday,... Read More.

Fed to hold interest rates this year, economists say, sticking to their view: Reuters poll

Monday, August 17 by SRN News

By Indradip Ghosh BENGALURU, Aug 17 (Reuters) - The Federal Reserve will keep its key interest rate unchanged next month and through year-end, according to most economists in a Reuters poll, a view they have held for the past several months. Market pricing for a... Read More.

Nasdaq futures gain as tech stocks climb

Monday, August 17 by SRN News

Aug 17 (Reuters) - Nasdaq and S&P 500 futures rose on Monday, boosted as a strong revenue forecast from AI leader Anthropic supported technology stocks, while investors weighed the prospect of fewer interest-rate hikes against Middle East tensions. Reuters reported on Friday that Anthropic, which... Read More.

US railroad Union Pacific turned charges meant to cover fuel cost spike from Iran war into profit

Monday, August 17 by SRN News

By Lisa Baertlein and Tim McLaughlin LOS ANGELES/BOSTON, Aug 17 (Reuters) - U.S. railroad Union Pacific collected $91.1 million more in fuel surcharges than it paid for fuel during the second quarter, far outpacing rivals, according to a company filing with the Surface Transportation Board... Read More.

Current Weather

S&P 500 opens muted as Middle East tensions weigh

Trump dwarfs his predecessors in the number of ultra-rich in his second White House, report shows

Banks reach $86.4 million Mexican bond rigging settlement in Manhattan

L3Harris ousts CEO Kubasik over conduct breach, names Sam Mehta as replacement

Italy’s Intesa Sanpaolo holds stake in SpaceX worth nearly $1 billion in second quarter

US Navy awards Raytheon $22.9 billion contract to boost Tomahawk output

Morning Bid: Retail risk

Fed to hold interest rates this year, economists say, sticking to their view: Reuters poll

Nasdaq futures gain as tech stocks climb

US railroad Union Pacific turned charges meant to cover fuel cost spike from Iran war into profit

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