Business

Fox beats third-quarter revenue estimates

Monday, May 11 by SRN News

May 11 (Reuters) - Fox Corp beat Wall Street estimates for third-quarter revenue on Monday, boosted by strong advertising sales in its sports and news divisions and strength in the media company's Tubi streaming service. The company reported revenue of $3.99 billion, compared with analysts'... Read More.

Wall St futures subdued as U.S.-Iran talks stall

Monday, May 11 by SRN News

By Ragini Mathur and Utkarsh Hathi May 11 (Reuters) - Wall Street futures were subdued on Monday, taking a breather after a record rally last week, as investors fretted over signs of stalled talks between the United States and Iran that pushed... Read More.

EchoStar loses more pay-TV subscribers than expected amid cord-cutting

Monday, May 11 by SRN News

May 11 (Reuters) - Telecommunications services firm EchoStar posted a larger-than-expected decline in pay-TV subscribers for the first quarter, as cord-cutting pressures persist. The results highlight ongoing consumer shifts away from traditional bundled television services toward cheaper, on-demand streaming platforms. • Pay-TV subscribers decreased by about... Read More.

China’s passenger car exports surge nearly 85% in April as domestic sales slump

Monday, May 11 by SRN News

HONG KONG (AP) - China's exports of passenger cars surged in April, an industry group said Monday, as its carmakers push to expand in overseas markets as domestic sales continue to fall. Exports of passenger cars from China last month jumped almost 85% from a... Read More.

Analysis-Spirit’s exit lifts airfares, but budget model remains under pressure

Monday, May 11 by SRN News

By Rajesh Kumar Singh CHICAGO, May 11 (Reuters) - The collapse of Spirit Airlines, one of the industry's fiercest discounters, has given U.S. budget carriers more room to lift fares, but its exit does little to fix the long-running strain on the cheap-flight model. The Florida-based... Read More.

Japan panel members urge BOJ to heed firms’ funding strains amid Mideast tensions

Monday, May 11 by SRN News

By Makiko Yamazaki TOKYO, May 11 (Reuters) - Private-sector members of Japan's key economic advisory panel urged the Bank of Japan on Monday to be cautious about the risk of funding strains on smaller firms from prolonged tensions in the Middle East. The proposals, submitted to... Read More.

Iran and the US are at an impasse ahead of Trump’s China trip

Monday, May 11 by SRN News

DUBAI, United Arab Emirates (AP) - Iran and the United States reached an impasse again Monday over how to end their war while their ceasefire grew increasingly shaky, with the two sides exchanging fire in recent days, ships and Gulf states being targeted, and... Read More.

AI labs should pass safety review to get US government contracts, group says

Monday, May 11 by SRN News

By Jody Godoy May 11 (Reuters) - The Trump administration should screen cutting-edge artificial intelligence models for security threats before they are publicly released and withhold lucrative government contracts from those that fail review, an advocacy group told U.S. officials on Monday. The White House is... Read More.

BofA and Goldman push back Fed rate‑cut expectations on inflation risks, jobs data

Monday, May 11 by SRN News

By Kanishka Ajmera May 11 (Reuters) - BofA Global Research and Goldman Sachs are the latest brokerages to revise their U.S. Federal Reserve rate calls to later dates, citing elevated inflation due to high energy prices and growing strength in the labor market. BofA... Read More.

Market listing an option for VW’s US Scout brand, CEO tells paper

Monday, May 11 by SRN News

BERLIN, May 11 (Reuters) - Volkswagen's U.S. brand Scout was designed from the start to pursue a potential stock market listing or to allow strategic investors to take a stake, its CEO Scott Keogh told daily Handelsblatt, as it explores new funding options. • Scout... Read More.

Current Weather

Fox beats third-quarter revenue estimates

Wall St futures subdued as U.S.-Iran talks stall

EchoStar loses more pay-TV subscribers than expected amid cord-cutting

China’s passenger car exports surge nearly 85% in April as domestic sales slump

Analysis-Spirit’s exit lifts airfares, but budget model remains under pressure

Japan panel members urge BOJ to heed firms’ funding strains amid Mideast tensions

Iran and the US are at an impasse ahead of Trump’s China trip

BofA and Goldman push back Fed rate‑cut expectations on inflation risks, jobs data

Market listing an option for VW’s US Scout brand, CEO tells paper

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