Business

NY Fed’s Perli says rate control toolkit can navigate lower reserve demand

Tuesday, May 19 by SRN News

By Michael S. Derby May 19 (Reuters) - A Federal Reserve Bank of New York official responsible for implementing monetary policy said on Tuesday that the central bank's current rate control toolkit would still work in a system allowing banks to hold fewer reserves. New York... Read More.

Global food and beverage giants join forces on regenerative agriculture

Tuesday, May 19 by SRN News

LONDON, May 19 (Reuters) - Forty major food and agriculture groups, including Carlsberg, Diageo, Nestle and Mondelez, have signed a joint declaration to advance and scale regenerative agriculture, a non-profit network said on Tuesday. • SAI Platform's regenerative agriculture programme aims to... Read More.

S&P 500 and Nasdaq open lower as chip stocks drag, inflation fears persist

Tuesday, May 19 by SRN News

May 19 (Reuters) - The S&P 500 and the Nasdaq opened lower on Tuesday, pressured by a selloff in heavyweight chip stocks and lingering inflation concerns as Treasury yields continued to rise. The Dow Jones Industrial Average rose 10.4 points, or 0.02%, at the open... Read More.

US pending home sales increase for third straight month

Tuesday, May 19 by SRN News

WASHINGTON, May 19 (Reuters) - Contracts to purchase previously owned U.S. homes increased for a third straight month in April, likely as a retreat in mortgage rates pulled buyers back into the market. The pending home sales index rose 1.4% last month to 74.8,... Read More.

Polymarket debuts prediction markets tied to private companies

Tuesday, May 19 by SRN News

May 19 (Reuters) - Polymarket on Tuesday launched prediction markets tied to the performance of private companies through an agreement with Nasdaq Private Market, marking a first for the rapidly growing sector, it said. Here are some details: • Prediction markets allow users to trade... Read More.

Factbox-Some of the biggest power companies in US

Tuesday, May 19 by SRN News

May 19 (Reuters) - Major U.S. power company NextEra Energy announced a plan to acquire Dominion Energy in a $66.8 billion deal that would create one of the world's largest electric utilities. The combined company would have an enterprise value of roughly $420... Read More.

Exclusive-Airbus targets 10% cost cuts over global uncertainty and supply snags

Tuesday, May 19 by SRN News

PARIS, May 19 (Reuters) - Europe's Airbus is telling thousands of staff to reduce spending by 10% as global uncertainty and supply chain problems continue to squeeze its core jetliner business, three industry sources said. The "cost-containment" order targets non-industrial spending in the commercial aircraft... Read More.

Kindle loyalists scramble as Amazon turns page on old e-readers

Tuesday, May 19 by SRN News

By Greg Bensinger SAN FRANCISCO, May 19 (Reuters) - For Claudia Buonocore, the thought of parting ways with her 15-year-old Kindle Touch e-reader is painful. "I've never felt the desire to have another device," said the 39-year-old Pittsburgh area resident. "It's a part of me, a... Read More.

US stock futures fall on extended chip losses, inflation worries

Tuesday, May 19 by SRN News

By Ragini Mathur and Utkarsh Hathi May 19 (Reuters) - U.S. stock index futures declined on Tuesday, dragged lower by a slide in chip stocks and ongoing inflation concerns despite a pause in the Treasury selloff and pullback in oil prices. Nvidia lost... Read More.

U.S. Fed to avoid cutting rates this year; economists still say war-driven inflation is transitory: Reuters poll

Tuesday, May 19 by SRN News

By Indradip Ghosh BENGALURU, May 19 (Reuters) - The U.S. Federal Reserve will avoid cutting interest rates this year, according to most economists polled by Reuters who largely pushed long-held calls for reductions into next year on hopes the current inflation flare-up is temporary. Less than... Read More.

Current Weather

NY Fed’s Perli says rate control toolkit can navigate lower reserve demand

Global food and beverage giants join forces on regenerative agriculture

S&P 500 and Nasdaq open lower as chip stocks drag, inflation fears persist

US pending home sales increase for third straight month

Polymarket debuts prediction markets tied to private companies

Factbox-Some of the biggest power companies in US

Exclusive-Airbus targets 10% cost cuts over global uncertainty and supply snags

Kindle loyalists scramble as Amazon turns page on old e-readers

US stock futures fall on extended chip losses, inflation worries

U.S. Fed to avoid cutting rates this year; economists still say war-driven inflation is transitory: Reuters poll

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