Business

Online seller eBay rejects GameStop’s $56 billion takeover offer

Tuesday, May 12 by SRN News

Online seller eBay is rejecting an unsolicited $56 billion takeover offer from GameStop, calling the proposal "neither credible or attractive." Ryan Cohen's GameStop disclosed earlier this month that it was pursuing a takeover of eBay, seeing it as a vehicle to compete with online retail... Read More.

US stock futures hold losses after April inflation data

Tuesday, May 12 by SRN News

May 12 (Reuters) - U.S. stock index futures held on to their losses on Tuesday as investors assessed April inflation data and its impact on the Federal Reserve's monetary policy path. A Labor Department report showed the Consumer Price Index rose 3.8% on a yearly... Read More.

Tesla ups investment in boost to Berlin battery cell production

Tuesday, May 12 by SRN News

BERLIN, May 12 (Reuters) - U.S. electric vehicle maker Tesla will increase its investment in battery cell production at its plant outside Berlin by almost $250 million, boosting its capacity target for the site, the company said on Tuesday. Tesla announced in December investments amounting... Read More.

S&P 500, Nasdaq open lower after April inflation data; Mideast in focus

Tuesday, May 12 by SRN News

May 12 (Reuters) - The S&P 500 and the Nasdaq opened lower on Tuesday, as investors weighed a hotter-than-expected inflation report and fading hopes for a swift resolution to the Middle East conflict. The Dow Jones Industrial Average rose 35.2 points, or 0.07%, at the... Read More.

US consumer prices jump as Iran war sends energy prices rapidly higher

Tuesday, May 12 by SRN News

WASHINGTON (AP) - U.S. consumer prices climbed sharply again last month as the 10-week war with Iran pushed energy prices higher. The Labor Department's consumer price index rose 3.8% from April 2025, according to data released Tuesday. On a month-to-month basis, April prices rose... Read More.

Carlyle, Yum China among suitors for Jardines’ KFC, Pizza Hut chains in Asia, sources say

Tuesday, May 12 by SRN News

By Kane Wu HONG KONG, May 12 (Reuters) - Carlyle Group and Yum China Holdings are among suitors vying for a Jardine Matheson restaurant unit that runs KFC and Pizza Hut chains in Hong Kong, Taiwan and other Asian markets, said two sources with knowledge... Read More.

Waymo to recall nearly 3,800 robotaxis over self-driving software issue

Tuesday, May 12 by SRN News

May 12 (Reuters) - Waymo is recalling 3,791 robotaxis in the U.S. over a self-driving software issue that could likely cause the vehicles to drive onto flooded roads, the National Highway Traffic Safety Administration said on Tuesday. Here are some details: • The recall pertains to... Read More.

Thyssenkrupp Nucera halts hiring in high-cost countries as Q2 loss widens

Tuesday, May 12 by SRN News

By Christoph Steitz and Amir Orusov FRANKFURT, May 12 (Reuters) - Thyssenkrupp Nucera has frozen hiring in high-cost countries as part of broader saving measures, it said on Tuesday, after its second-quarter loss widened due to higher costs for hydrogen projects and the termination... Read More.

Analysis-U.S. CEOs seek China business gains from Trump-Xi summit

Tuesday, May 12 by SRN News

By Eduardo Baptista and Laurie Chen BEIJING, May 12 (Reuters) - From Meta to Tesla and BlackRock, the U.S. business delegation for President Donald Trump's summit with Chinese leader Xi Jinping this week consists mainly of companies seeking to resolve business issues with the world's... Read More.

Factbox-What are China’s current tariffs on US energy and agriculture goods

Tuesday, May 12 by SRN News

BEIJING, May 12 (Reuters) - U.S. President Donald Trump is set to arrive in Beijing this week for a summit with President Xi Jinping, where U.S. officials say energy and agriculture deals are expected. Much of that trade has been disrupted by tariffs. Here is... Read More.

Current Weather

Online seller eBay rejects GameStop’s $56 billion takeover offer

US stock futures hold losses after April inflation data

Tesla ups investment in boost to Berlin battery cell production

S&P 500, Nasdaq open lower after April inflation data; Mideast in focus

US consumer prices jump as Iran war sends energy prices rapidly higher

Carlyle, Yum China among suitors for Jardines’ KFC, Pizza Hut chains in Asia, sources say

Waymo to recall nearly 3,800 robotaxis over self-driving software issue

Thyssenkrupp Nucera halts hiring in high-cost countries as Q2 loss widens

Analysis-U.S. CEOs seek China business gains from Trump-Xi summit

Factbox-What are China’s current tariffs on US energy and agriculture goods

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