Business

Why Trump’s allegations that white people are being persecuted in South Africa have been denied

Wednesday, May 27 by SRN News

CAPE TOWN, South Africa (AP) - U.S. President Donald Trump has expanded the number of refugee places available for white South Africans, saying there have been "recent increases in the incitement of racially motivated violence" against them by their Black-led government and other political... Read More.

Carney says Canada will buy European surveillance planes over two American options.

Wednesday, May 27 by SRN News

TORONTO (AP) - Canada will buy early warning radar planes built by Sweden's Saab and Canada's Bombardier over two American options, Prime Minister Mark Carney announced Wednesday. Carney said his government has entered negotiations to procure Saab's Airborne Early Warning & Control Aircraft, which... Read More.

Lululemon ends proxy battle with founder Chip Wilson

Wednesday, May 27 by SRN News

By Svea Herbst-Bayliss NEW YORK, May 27 (Reuters) - Lululemon Athletica has settled its proxy fight with Chip Wilson, giving the athletic apparel maker's founder board seats in exchange for a pledge that he will give the company peace as a new chief executive takes... Read More.

Abercrombie & Fitch beats quarterly profit expectations

Wednesday, May 27 by SRN News

May 27 (Reuters) - Abercrombie & Fitch beat Wall Street expectations for first-quarter profit on Wednesday, riding strong demand for its apparel despite macroeconomic uncertainty continuing to pressure U.S. discretionary spending. It reported adjusted net income per share of $1.47, above expectations of $1.28.... Read More.

Investors hunt for AI winners in small-cap US tech stocks

Wednesday, May 27 by SRN News

By Shashwat Chauhan May 27 (Reuters) - U.S. small-cap technology stocks are surging after years of underperformance, a sign of how the AI frenzy is pushing technology investors to look beyond the Nvidias and Intels of the world. Record U.S. equity inflows are moving beyond... Read More.

Prediction markets look to institutional investors for next phase of growth

Wednesday, May 27 by SRN News

By Laura Matthews, Anirban Sen, Manya Saini and Niket Nishant NEW YORK/BENGALURU, May 27 (Reuters) - Prediction market platforms including Kalshi are making a big push to attract top institutional investors and hedge funds, a move that could ripple through traditional finance even as... Read More.

Airbus Defence chief rules out total failure of FCAS fighter jet project

Wednesday, May 27 by SRN News

BERLIN, May 27 (Reuters) - The head of Airbus Defence ruled out the complete failure of the crisis-hit Franco-German FCAS fighter jet project, saying at least a networking system for weapons and drone programme would go ahead. • Plans to develop... Read More.

Morning Bid: Out of the blue chips

Wednesday, May 27 by SRN News

By Mike Dolan May 27 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The chips are indeed blue. The market scramble for AI stocks seems to know no bounds. Memory chipmaker Micron Technology briefly entered the $1... Read More.

Michael Kors parent Capri forecasts annual profit above estimates

Wednesday, May 27 by SRN News

May 27 (Reuters) - Capri Holdings forecast annual profit above Wall Street estimates on Wednesday as the company bets on its turnaround strategy focused on reviving Michael Kors to offset declining demand. Shares of the New York-based firm rose 1% in premarket trading. The... Read More.

US mortgage rate rises to nine-month high

Wednesday, May 27 by SRN News

May 27 (Reuters) - The rate on the most popular U.S. home loan rose to a nine-month high last week, as the Iran war kept oil prices elevated, fueling inflation concerns and pushing benchmark U.S. Treasury yields higher. The average 30-year fixed-rate mortgage rose... Read More.

Current Weather

Why Trump’s allegations that white people are being persecuted in South Africa have been denied

Carney says Canada will buy European surveillance planes over two American options.

Lululemon ends proxy battle with founder Chip Wilson

Abercrombie & Fitch beats quarterly profit expectations

Investors hunt for AI winners in small-cap US tech stocks

Prediction markets look to institutional investors for next phase of growth

Airbus Defence chief rules out total failure of FCAS fighter jet project

Morning Bid: Out of the blue chips

Michael Kors parent Capri forecasts annual profit above estimates

US mortgage rate rises to nine-month high

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