Business

Businesses are facing rising costs during the Iran war, and economists expect more strains ahead

Monday, May 11 by SRN News

NEW YORK (AP) - Costs are piling up for businesses during the U.S. and Israel's war against Iran - and many economists see a bleak outlook, with some bracing for a downturn in hiring and investment in the coming months. Nearly half of American business... Read More.

Treasury Department tells US banks to flag suspected Iranian money-laundering networks

Monday, May 11 by SRN News

WASHINGTON (AP) - The Treasury Department wants U.S. banks and other financial institutions to monitor for suspected Iranian money laundering networks that use their funds to smuggle sanctioned oil through shell companies and crypto networks. The move, which effectively deputizes the global financial system... Read More.

Swatch shareholder vote tests Hayek grip after advisers back Wood

Monday, May 11 by SRN News

By Alessandro Parodi May 11 (Reuters) - Swatch is bracing for a showdown at its annual meeting on Tuesday after proxy advisers came out in support of investor Steven Wood, challenging the Hayek family's control as the watchmaker underperforms rivals. Institutional Shareholder Services (ISS) and Glass... Read More.

Fervo Energy eyes $7.4 billion valuation in upsized US IPO

Monday, May 11 by SRN News

May 11 (Reuters) - Geothermal power developer Fervo Energy said on Monday it was targeting up to a $7.37 billion valuation in its U.S. upsized initial public offering, underscoring strong investor interest for the listing. The Houston, Texas-based geothermal company is now seeking up to... Read More.

OpenAI creates new unit with $4 billion investment to aid corporate AI push

Monday, May 11 by SRN News

May 11 (Reuters) - OpenAI said on Monday it is setting up a new company with more than $4 billion in initial investment to help organizations build and deploy artificial intelligence systems, and will acquire an AI consulting firm, Tomoro, to quickly scale up... Read More.

Trump-Xi summit comes with plenty at stake

Monday, May 11 by SRN News

WASHINGTON - President Donald Trump and Chinese President Xi Jinping are preparing for a closely watched summit in Beijing on May 14th and 15th - talks that could shape the future of U.S.-China relations at a time of rising global tensions. The agenda is expected... Read More.

Wise set to make Nasdaq debut as company completes shift from London to New York

Monday, May 11 by SRN News

By Hannah Lang NEW YORK, NEW YORK, May 11 (Reuters) - Money transfer company Wise is set to debut on the Nasdaq on Monday, shifting its primary listing from London to New York as the fintech unicorn seeks expanded capital markets benefits and greater U.S.... Read More.

HSBC lifts S&P 500 year-end target on earnings optimism

Monday, May 11 by SRN News

May 11 (Reuters) - HSBC has raised its year-end target for the benchmark S&P 500 index to 7,650 from 7,500 on Monday, citing resilient earnings growth. U.S. stocks have surged to record highs in recent weeks, driven by strong optimism around AI investments and expectations... Read More.

Blackstone to acquire Greek e-commerce platform Skroutz from CVC

Monday, May 11 by SRN News

May 11 (Reuters) - Blackstone will acquire Greek e-commerce platform Skroutz from CVC Capital Partners Fund VII, CVC said on Monday. The deal values the Greek company, including debt, at about 635 million euros ($747 million), a person familiar with the matter told Reuters. The transaction... Read More.

Morning Bid: 11 weeks and counting

Monday, May 11 by SRN News

By Mike Dolan May 11 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The Iran conflict is entering its 11th week - more than twice the length of time indicated by President Donald Trump when he first... Read More.

Current Weather

Businesses are facing rising costs during the Iran war, and economists expect more strains ahead

Treasury Department tells US banks to flag suspected Iranian money-laundering networks

Swatch shareholder vote tests Hayek grip after advisers back Wood

Fervo Energy eyes $7.4 billion valuation in upsized US IPO

OpenAI creates new unit with $4 billion investment to aid corporate AI push

Trump-Xi summit comes with plenty at stake

Wise set to make Nasdaq debut as company completes shift from London to New York

HSBC lifts S&P 500 year-end target on earnings optimism

Blackstone to acquire Greek e-commerce platform Skroutz from CVC

Morning Bid: 11 weeks and counting

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