Business

French economy resilient but Iran crisis weighs, central bank says in monthly report

Tuesday, May 12 by SRN News

PARIS, May 12 (Reuters) - French companies have so far absorbed the shock from the conflict in the Middle East, but pervasive uncertainty and higher energy costs are beginning to test the economy's resilience, the central bank said on Tuesday in its monthly business... Read More.

April CPI rises more than expected; bond yields climb

Tuesday, May 12 by SRN News

(Corrects first sentence of last comment to remove extraneous words) NEW YORK, May 12 (Reuters) - U.S. consumer prices rose at a brisk clip for a second straight month in April, posting the largest annual increase in inflation in nearly three... Read More.

Wall Street slips as inflation, Iran tensions weigh

Tuesday, May 12 by SRN News

By Stephen Culp and Ragini Mathur NEW YORK, May 12 (Reuters) - The S&P 500 and the Nasdaq eased from record highs on Tuesday as hotter-than-expected inflation data and an increasingly tenuous U.S.-Iran ceasefire prompted investors to take money off the table near the end... Read More.

FCC approves EchoStar sales of 65 megahertz spectrum to SpaceX, 50 megahertz to AT&T

Tuesday, May 12 by SRN News

LOS ANGELES, May 12 (Reuters) - The U.S. Federal Communications Commission's Wireless Telecommunications Bureau and Space Bureau approved EchoStar's sale of approximately 65 megahertz of spectrum to SpaceX and 50 megahertz to AT&T, the agency said in a statement on Tuesday. (Reporting by Christian... Read More.

Trump FDA chief is leaving after angering pharma CEOs, vaping lobbyists and anti-abortion groups

Tuesday, May 12 by SRN News

WASHINGTON (AP) - The head of the Food and Drug Administration, Dr. Marty Makary, is resigning after a rocky tenure that drew months of complaints from health industry executives, anti-abortion activists, vaping lobbyists and other allies of President Donald Trump. He steps down after just... Read More.

Blue Owl retail private credit fund inflows shrink amid investor nerves

Tuesday, May 12 by SRN News

May 12 (Reuters) - Blue Owl has seen a 95% drop in new investments at its biggest credit fund for retail investors, according to a regulatory filing, as direct lending came under rising scrutiny. The Blue Owl Credit Income fund (OCIC)... Read More.

Trump’s proposed ‘Golden Dome’ estimated to cost $1.2 trillion, far more than he initially said

Tuesday, May 12 by SRN News

WASHINGTON (AP) - President Donald Trump's plan to put weapons in space - pitched as a "Golden Dome for America" missile defense program - is estimated to cost $1.2 trillion over a 20 year period, according to a new analysis from the Congressional Budget... Read More.

Americans love their iPhones (though sometimes they wish they could live without them)

Tuesday, May 12 by SRN News

SAN FRANCISCO (AP) - The American obsession with the iPhone is complicated, as most love-hate relationships are. It sometimes seems like a talisman so magical that we can't fathom living without all the pleasures and conveniences that it bestows almost anytime or anywhere. The iPhone,... Read More.

Analysis-US credit markets defy war risks as cash drives rally

Tuesday, May 12 by SRN News

By Gertrude Chavez-Dreyfuss NEW YORK, May 12 (Reuters) - U.S. corporate bond markets are on a roll, with investment-grade credit spreads tightening, issuance rising and solid-looking economic fundamentals encouraging investors to put their cash to work. Even as the war in Iran has pushed oil prices... Read More.

Private credit funds mark investment values lower, filings show

Tuesday, May 12 by SRN News

By Patturaja Murugaboopathy May 12 (Reuters) - Some private credit funds marked the values of their investments significantly lower in the first quarter, their filings show, highlighting the pressure they face as artificial intelligence upends business models and projections for small businesses. A Reuters review... Read More.

Current Weather

French economy resilient but Iran crisis weighs, central bank says in monthly report

April CPI rises more than expected; bond yields climb

Wall Street slips as inflation, Iran tensions weigh

FCC approves EchoStar sales of 65 megahertz spectrum to SpaceX, 50 megahertz to AT&T

Trump FDA chief is leaving after angering pharma CEOs, vaping lobbyists and anti-abortion groups

Blue Owl retail private credit fund inflows shrink amid investor nerves

Trump’s proposed ‘Golden Dome’ estimated to cost $1.2 trillion, far more than he initially said

Americans love their iPhones (though sometimes they wish they could live without them)

Analysis-US credit markets defy war risks as cash drives rally

Private credit funds mark investment values lower, filings show

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