Business

Wall Street warms to healthcare stocks as tech trade faces turbulence

Wednesday, August 5 by SRN News

By Shashwat Chauhan and Kanchana Chakravarty August 5 (Reuters) - Investors are pouring money into U.S. healthcare stocks, betting that improving earnings, rising dealmaking and attractive valuations will extend the sector's rebound after years of underperformance. The renewed appetite for healthcare reflects a broader shift in... Read More.

Circle’s quarterly revenue rises as stablecoin circulation accelerates

Wednesday, August 5 by SRN News

By Pritam Biswas and Atharva Singh Aug 5 (Reuters) - Circle reported higher second-quarter revenue on Wednesday, helped by increased adoption of its USDC stablecoin as businesses and institutions expanded its use beyond crypto trading, sending its shares up 7.7% before the bell. ... Read More.

Thomson Reuters reports higher second-quarter revenue

Wednesday, August 5 by SRN News

Aug 5 (Reuters) - Thomson Reuters reported a 9% rise in second-quarter revenue on Wednesday, boosted by its big three legal, corporates and tax and accounting businesses. Thomson Reuters said its second-quarter revenue rose to $1.95 billion, edging past estimates of about $1.9 billion.... Read More.

Asia multi-strategy hedge funds see big monthy drawdowns

Wednesday, August 5 by SRN News

By Summer Zhen HONG KONG, Aug 5 (Reuters) - Some large Asian multi-strategy funds suffered their biggest drawdown this year in July as a brutal selloff in AI stocks across Japan, South Korea and China eroded gains accumulated in the first half, sources close to... Read More.

Space for music on late-night TV has dwindled. New media seeks to offer an alternative

Wednesday, August 5 by SRN News

NEW YORK (AP) - When CBS ended "The Late Show With Stephen Colbert" earlier this year, it also shuttered the program's robust music offerings - a major blow for artists whose television platform was already dwindling. Performing on late-night has historically been a unique avenue... Read More.

Polymarket seeks over $20 billion valuation in funding round, Bloomberg News reports

Wednesday, August 5 by SRN News

Aug 4 (Reuters) - Polymarket is seeking to raise funds at a valuation of more than $20 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter. The prediction markets platform is holding early discussions to raise about $1 billion in the funding... Read More.

Flights at German airport disrupted after suspect objects sighted

Wednesday, August 5 by SRN News

BERLIN (AP) - Flights at Germany's Leipzig/Halle Airport, a major cargo hub, were disrupted during the night after a sighting of a flying object was reported and another object was found near a runway, police said Wednesday. Several flights, including one passenger plane, were diverted... Read More.

Australia’s Jetstar to charge for carry-on bags in overhead lockers

Wednesday, August 5 by SRN News

By Renju Jose SYDNEY, Aug 5 (Reuters) - Jetstar, the budget arm of Australia's national carrier Qantas, will require passengers who want to store carry-on bags in overhead lockers to pay extra from February, as the airline overhauls its cabin baggage policy. The carrier will allow... Read More.

Japan PM Takaichi asked BOJ to buy more bonds when needed, Jiji reports

Wednesday, August 5 by SRN News

TOKYO, Aug 5 (Reuters) - Japanese Prime Minister Sanae Takaichi asked the Bank of Japan to buy more government bonds when necessary to curb rises in long-term interest rates during a meeting with BOJ Governor Kazuo Ueda in May, Jiji news agency reported on... Read More.

Oil prices ease and Asian shares gain on hopes for Mideast deal, as companies report strong profits

Wednesday, August 5 by SRN News

BANGKOK (AP) - Asian shares surged and oil prices slipped Wednesday after the U.S. stock market rallied to records, helped by strong corporate earnings reports and hopes for a deal setting the stage for talks that might eventually lead to an end to the... Read More.

Current Weather

Wall Street warms to healthcare stocks as tech trade faces turbulence

Circle’s quarterly revenue rises as stablecoin circulation accelerates

Thomson Reuters reports higher second-quarter revenue

Asia multi-strategy hedge funds see big monthy drawdowns

Space for music on late-night TV has dwindled. New media seeks to offer an alternative

Polymarket seeks over $20 billion valuation in funding round, Bloomberg News reports

Flights at German airport disrupted after suspect objects sighted

Australia’s Jetstar to charge for carry-on bags in overhead lockers

Japan PM Takaichi asked BOJ to buy more bonds when needed, Jiji reports

Oil prices ease and Asian shares gain on hopes for Mideast deal, as companies report strong profits

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