Business

Trump claims he’s making food more affordable but his examples ignore the big picture

Friday, May 29 by SRN News

WASHINGTON (AP) - In a Truth Social post on Wednesday, the president proclaimed "TRUMP'S MAKING FOOD AFFORDABLE," and cited falling prices for a range of groceries, including avocados, fresh berries, and a variety of pantry staples. Yet just two weeks earlier the Labor Department... Read More.

Universal Music Group declines Pershing Square takeover proposal

Friday, May 29 by SRN News

May 29 (Reuters) - Universal Music Group's board on Friday declined an unsolicited takeover proposal from Bill Ackman's Pershing Square. In April, Pershing Square had proposed a cash-and-stock offer through its acquisition vehicle, valuing Universal Music at around €30.40 per share and making the deal... Read More.

Blackstone-backed Liftoff targets $3.7 billion valuation in US IPO

Friday, May 29 by SRN News

May 29 (Reuters) - Liftoff Mobile, backed by Blackstone, is targeting a valuation of up to $3.66 billion in its U.S. initial public offering, in a renewed attempt to test investor appetite in public markets after scrubbing an initial launch. The... Read More.

Brazilian court orders restoration of Fordlandia, Henry Ford’s Amazon ghost town

Friday, May 29 by SRN News

SAO PAULO (AP) - A court in the northern Brazilian state of Pará has ruled that both federal and local officials must act to restore and preserve Fordlandia, a city established nearly a century ago by U.S. industrialist Henry Ford deep in the Amazon... Read More.

Wall St edges higher at open with Mideast deal updates in focus

Friday, May 29 by SRN News

May 29 (Reuters) - Wall Street's main indexes opened higher on Friday, after closing at record highs the previous session, with markets awaiting details on reports that the U.S. and Iran had reached a deal. The Dow Jones Industrial Average rose 104.9 points, or 0.21%,... Read More.

Rule changes may only yield modest Fed balance sheet contraction

Friday, May 29 by SRN News

By Michael S. Derby NEW YORK, May 29 (Reuters) - Some people inside and outside the Federal Reserve agree that rule changes easing how much cash banks need to keep on hand for emergencies could allow the central bank to further cut the size of... Read More.

Unrealised losses at US private credit lenders deepen

Friday, May 29 by SRN News

By Patturaja Murugaboopathy May 29 (Reuters) - Unrealised losses at U.S. private credit lenders deepened in the first quarter to their worst level since 2022, while the amount of interest income they received in kind, rather than cash, stayed high, filings and data reviewed... Read More.

US travel group warns closing Newark airport to international travel could cost $8 billion annually

Friday, May 29 by SRN News

By David Shepardson WASHINGTON, May 29 (Reuters) - A group representing the U.S. travel industry said Friday that removing immigration officials from Newark airport would cause "immediate and lasting harm" and could cost the U.S. economy $8 billion annually in spending by tourists and strand... Read More.

Trump administration wants to raise North American auto content to 82%, with half from US

Friday, May 29 by SRN News

By David Shepardson, Emily Green, Nora Eckert and David Lawder WASHINGTON/MEXICO CITY, May 29 (Reuters) - The Trump administration wants to increase the level of regional content in North American-built vehicles to 82% to qualify for preferential treatment under the U.S.-Mexico-Canada Agreement on trade, with... Read More.

Private credit roundup: paper losses deepen at lenders

Friday, May 29 by SRN News

LONDON, May 29 (Reuters) - A Reuters analysis of first-quarter regulatory filings by private credit lenders showed paper losses deepened, underscoring market concerns this year over the sector's profitability and risks from AI disruption. The Reuters analysis of 51 business development companies, or BDCs,... Read More.

Current Weather

Trump claims he’s making food more affordable but his examples ignore the big picture

Blackstone-backed Liftoff targets $3.7 billion valuation in US IPO

Brazilian court orders restoration of Fordlandia, Henry Ford’s Amazon ghost town

Wall St edges higher at open with Mideast deal updates in focus

Rule changes may only yield modest Fed balance sheet contraction

Unrealised losses at US private credit lenders deepen

Trump administration wants to raise North American auto content to 82%, with half from US

Private credit roundup: paper losses deepen at lenders

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