Business

Rising oil, rates and yields brew up stagflation cocktail for markets

Thursday, September 17 by SRN News

(Adds missing editor name in story signoff) By Stefano Rebaudo, Harry Robertson and Shashwat Chauhan LONDON, Sept 17 (Reuters) - The surge in energy and global borrowing costs as a result of the war in the Middle East is pushing economies and markets further towards a... Read More.

Serbia’s President Vucic inaugurates assembly factory for Israel-made drones

Thursday, September 17 by SRN News

BELGRADE, Serbia (AP) - Serbia's President Aleksandar Vucic said Thursday he has inaugurated an assembly factory for Israel-made drones in the Balkan country to boost its military. Vucic announced in April that Serbia would produce the combat drones with Israel. Regional BIRN news service reported... Read More.

Struggling US home buyers, and market, face new hurdles as mortgage rates near 7%

Thursday, September 17 by SRN News

Home shoppers holding out for relief from rising mortgage rates may be in for a long wait. The weekly average rate on a 30-year fixed-rate home loan has been rising for months and reached its highest level in over 14 months last week at 6.76%,... Read More.

Morning Bid: A timely hike

Thursday, September 17 by SRN News

By Anna Szymanski Sept 17 (Reuters) - Stocks edged up early on Thursday as investors digested the Federal Reserve's first interest rate hike in three years. The central bank lifted the benchmark rate by a quarter point to 3.75%-4.00% and signalled more tightening to... Read More.

Tesla taps Forum Mobility for California electric-truck charging stations

Thursday, September 17 by SRN News

Sept 17 (Reuters) - Tesla will operate public Megacharging sites at three new Forum Mobility electric-truck depots in California, the trucking-solutions company said on Thursday, as it adds 30 megawatts of charging capacity for heavy vehicles. The new depots, which span northern and southern California,... Read More.

Nike’s falling share price puts its Dow seat in jeopardy

Thursday, September 17 by SRN News

By Shashwat Chauhan and Anuja Bharat Mistry Sept 17 (Reuters) - Nike's grip on its spot in the Dow Jones Industrial Average is looking increasingly tenuous as the struggling sportswear giant braces for an exit from another Wall Street benchmark. S&P Dow Jones Indices said this... Read More.

Wall St futures rise as Fed rate hike lifts long-standing overhang

Thursday, September 17 by SRN News

Sept 17 (Reuters) - U.S. stock index futures surged on Thursday after the Federal Reserve raised interest rates, reaffirming its focus on taming inflation and removing a long-standing source of market anxiety. With the rate hike behind them, investors returned to their favorite themes. Tech... Read More.

BofA hires Goldman’s Srijith Nair to lead Asia ex-China financial institutions banking, memo says

Thursday, September 17 by SRN News

By Yantoultra Ngui HONG KONG, Sept 17 (Reuters) - Bank of America has hired Goldman Sachs banker Srijith Nair as head of Asia excluding China financial institutions group investment banking and Asia-Pacific insurance investment banking, according to an internal memo seen by Reuters on Thursday. •... Read More.

DoorDash and Uber Eats to offer delivery from US Costco stores

Thursday, September 17 by SRN News

Costco said Thursday it's partnering with DoorDash to offer delivery from its U.S. warehouse stores. DoorDash already offers Costco delivery in a few markets, including Australia, Sweden and Puerto Rico. But the nationwide partnership is a first for the San Francisco-based delivery company, which said... Read More.

In Silicon Valley, AI data center boom meets local resistance

Thursday, September 17 by SRN News

By Elizabeth Mendez and Nichola Groom SAN JOSE, California, Sept 17 (Reuters) - In Silicon Valley's biggest city, residents and environmental groups are organizing against a wave of proposed data center projects that officials have courted in a bid to position the city as a... Read More.

Current Weather

Rising oil, rates and yields brew up stagflation cocktail for markets

Serbia’s President Vucic inaugurates assembly factory for Israel-made drones

Struggling US home buyers, and market, face new hurdles as mortgage rates near 7%

Morning Bid: A timely hike

Tesla taps Forum Mobility for California electric-truck charging stations

Wall St futures rise as Fed rate hike lifts long-standing overhang

BofA hires Goldman’s Srijith Nair to lead Asia ex-China financial institutions banking, memo says

DoorDash and Uber Eats to offer delivery from US Costco stores

In Silicon Valley, AI data center boom meets local resistance

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