Business

US beef producers hope China access is on Trump-Xi summit menu

Thursday, May 7 by SRN News

By Ella Cao, Tom Polansek, Daphne Zhang and Lewis Jackson BEIJING/CHICAGO, May 8 (Reuters) - U.S. beef producers are hoping for a trade deal during the upcoming leaders' summit that could renew licenses to export to China, where they have been largely locked out since... Read More.

AWS says data center overheating in North Virginia disrupts services; Coinbase impacted

Thursday, May 7 by SRN News

May 7 (Reuters) - Amazon's cloud unit, Amazon Web Services, said on Thursday it was working to restore normal temperatures at a data center in North Virginia after overheating disrupted some services. The incident caused a power loss that affected certain hardware, AWS said, adding... Read More.

Oil jumps and stock futures slip on renewed US-Iran fighting

Thursday, May 7 by SRN News

SINGAPORE, May 8 (Reuters) - Oil rose and U.S. stock futures slipped in early trade on Friday, after the United States and Iran exchanged fire and put a month-long Middle East ceasefire in doubt. U.S. crude futures, which are lower for... Read More.

Japan real wages climb for third month in March, backing case for BOJ rate hike

Thursday, May 7 by SRN News

TOKYO, May 8 (Reuters) - Japan's real wages rose 1% in March from a year earlier, government data showed on Friday, in a third straight month of gains that bolster the case for the Bank of Japan to raise interest rates at its next... Read More.

Nvidia funds construction of Corning plants, in addition to equity investment

Thursday, May 7 by SRN News

By Stephen Nellis SAN FRANCISCO, May 7 (Reuters) - Nvidia has paid several billion dollars to help fund new factories for glassmaker Corning in addition to taking an equity stake of up to $3.2 billion disclosed earlier this week, the CEOs of the two companies... Read More.

Trading Day: Markets draw breath

Thursday, May 7 by SRN News

By Jamie McGeever ORLANDO, Florida, May 7 (Reuters) - U.S. and global stocks hit new highs before ending lower on Thursday as chip stocks gave back some of their blistering gains, while oil clawed back earlier losses as doubts around a U.S.-Iran peace deal pushed... Read More.

New York to tax luxury second homes in NYC but stops short of hiking income taxes on the wealthy

Thursday, May 7 by SRN News

NEW YORK (AP) - People who buy luxurious second homes in New York City, but live most of the year elsewhere, would have to pay a new tax on the properties under a tentative agreement - an initiative to appease Mayor Zohran Mamdani and... Read More.

Wynn Resorts logs quarterly profit above estimates on Macau gains

Thursday, May 7 by SRN News

May 7 (Reuters) - Casino operator Wynn Resorts beat Wall Street estimates for first-quarter profit on Thursday, driven by stronger business in Macau. • Wynn said adjusted profit from its properties in Macau, a city under Chinese rule, rose over 10% in the quarter. • The... Read More.

Oil prices jump on renewed US-Iran hostilities

Thursday, May 7 by SRN News

BEIJING, May 8 (Reuters) - U.S. crude futures rose as much as 3% in early trading on Friday after renewed hostilities broke out between the U.S. and Iran. West Texas Intermediate oil prices were trading up 2.58% or $2.45, at $97.26 a barrel, as of... Read More.

Airbnb, Expedia flag demand hit as Middle East conflict drags on

Thursday, May 7 by SRN News

By Aishwarya Jain, Anshuman Tripathy and Doyinsola Oladipo May 7 (Reuters) - Airbnb and Expedia on Thursday joined a growing list of travel companies warning that the Middle East conflict is weighing on demand, as hostilities in the region enter their third month. Both companies... Read More.

Current Weather

US beef producers hope China access is on Trump-Xi summit menu

AWS says data center overheating in North Virginia disrupts services; Coinbase impacted

Oil jumps and stock futures slip on renewed US-Iran fighting

Japan real wages climb for third month in March, backing case for BOJ rate hike

Nvidia funds construction of Corning plants, in addition to equity investment

Trading Day: Markets draw breath

New York to tax luxury second homes in NYC but stops short of hiking income taxes on the wealthy

Wynn Resorts logs quarterly profit above estimates on Macau gains

Oil prices jump on renewed US-Iran hostilities

Airbnb, Expedia flag demand hit as Middle East conflict drags on

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