Business

Dow hits first intraday record high since February

Friday, May 22 by SRN News

May 22 (Reuters) - The Dow Jones Industrial Average hit an intraday record high on Friday, its first since the U.S.-Iran war began, as AI-driven trade and market optimism over negotiations to end the war lifted risk appetite. The blue-chip index rose 0.73% to 50,651... Read More.

Trafigura plans to withdraw LME copper stocks ahead of US tariff ruling, sources say

Friday, May 22 by SRN News

By Pratima Desai and Polina Devitt LONDON, May 22 (Reuters) - Commodity trader Trafigura plans to take large amounts of copper from London Metal Exchange warehouses in New Orleans, two industry sources said, citing a U.S. tariff decision due late in June as a possible... Read More.

First Carolina files for IPO as US bank listings heat up

Friday, May 22 by SRN News

May 22 (Reuters) - First Carolina Financial Services filed for a U.S. initial public offering on Friday, disclosing a jump in first-quarter profit as a strong run of new listings by U.S. banks extends into 2026. The Raleigh, North Carolina-based lender reported a net income... Read More.

Estee Lauder and perfume maker Puig end merger talks

Friday, May 22 by SRN News

Estee Lauder and perfume maker Puig have ended merger talks that would have potentially put brands like MAC, Clinique, Charlotte Tilbury and Jean Paul Gaultier under one roof. Estee Lauder Cos. confirmed the discussions in March but said at the time that no agreement had... Read More.

Ukrainian protesters in Kyiv urge veto of a bill families fear could declare missing soldiers dead

Friday, May 22 by SRN News

KYIV, Ukraine (AP) - Hundreds of Ukrainians marched through the capital on Friday, demanding that the government veto a bill that families of missing soldiers say could lead to their loved ones being prematurely declared dead. The protesters gathered to oppose Bill No. 13646, which... Read More.

Kenyan public transport operators call off strike after president vows to reduce fuel prices

Friday, May 22 by SRN News

NAIROBI, Kenya (AP) - Kenya's public transport operators on Friday called off a nationwide strike that had been suspended for a week to allow talks over rising fuel prices. The strike on Monday and Tuesday triggered protests in which four people were killed and... Read More.

Global equity fund investors halt eight-week buying streak as bond yields rise

Friday, May 22 by SRN News

May 22 (Reuters) - Global equity funds recorded the first weekly outflow in nine weeks in the week through May 20, as investors turned cautious over inflation and a rise in long-term borrowing costs to nearly two-decade highs. According to LSEG Lipper data, investors liquidated... Read More.

Mexico, EU to sign stalled trade deal as they aim to diversify from US

Friday, May 22 by SRN News

By Emily Green, Philip Blenkinsop and Diego Oré MEXICO CITY, May 22 (Reuters) - Mexico and the European Union are set to sign a long-stalled free trade agreement on Friday as they seek to decrease dependence on the U.S. and partially insulate themselves from U.S.... Read More.

Oil and gas prices to remain high in Europe at least until the end of 2027, officials say

Friday, May 22 by SRN News

NICOSIA, Cyprus (AP) - European Union officials said Friday that Europeans can expect oil and gas prices to remain above what they were before the Iran war for at least until the end of 2027, with prices of other goods also following an upward... Read More.

Tesla to recall over 14,500 Model Y SUVs in US over missing weight certification label

Friday, May 22 by SRN News

May 22 (Reuters) - Tesla is recalling 14,575 Model Y SUVs in the U.S., over a missing certification label with weight specifications, the U.S. National Highway Traffic Safety Administration said on Friday. Tesla will inspect and install the label on affected cars, NHTSA said. The auto... Read More.

Current Weather

Dow hits first intraday record high since February

Trafigura plans to withdraw LME copper stocks ahead of US tariff ruling, sources say

First Carolina files for IPO as US bank listings heat up

Estee Lauder and perfume maker Puig end merger talks

Ukrainian protesters in Kyiv urge veto of a bill families fear could declare missing soldiers dead

Kenyan public transport operators call off strike after president vows to reduce fuel prices

Global equity fund investors halt eight-week buying streak as bond yields rise

Mexico, EU to sign stalled trade deal as they aim to diversify from US

Oil and gas prices to remain high in Europe at least until the end of 2027, officials say

Tesla to recall over 14,500 Model Y SUVs in US over missing weight certification label

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