Business

Trump administration backs Kalshi, Polymarket as states move to ban prediction markets

Tuesday, February 17 by SRN News

NEW YORK (AP) - The Trump administration is throwing its support behind the prediction market operators Kalshi and Polymarket in a critical legal battle between the growing prediction market industry and states that wish to ban these platforms. The move by Michael Selig, the recently... Read More.

Fed’s Goolsbee: ‘Several’ rate cuts possible this year if inflation gets on track to 2%

Tuesday, February 17 by SRN News

By Howard Schneider WASHINGTON, Feb 17 (Reuters) - The U.S. Federal Reserve could approve "several more" interest rate cuts this year if inflation resumes a decline to the central bank's 2% target, Chicago Fed President Austan Goolsbee said on Tuesday, downplaying a recent weak consumer... Read More.

Wall Street regulator calls for shrinking exec pay disclosure

Tuesday, February 17 by SRN News

WASHINGTON, Feb 17 (Reuters) - Fewer top corporate executives could be subject to extensive investor disclosures about their compensation under pending regulatory reforms, Wall Street's top regulator said Tuesday. The remarks from Paul Atkins, chair of the U.S. Securities and Exchange Commission, foreshadowed coming proposals... Read More.

Elliott builds over 10% stake in Norwegian Cruise, seeks board change

Tuesday, February 17 by SRN News

Feb 17 (Reuters) - Elliott Management on Tuesday disclosed it has built a more than 10% stake in Norwegian Cruise Line Holdings, as the activist investor pushes for changes to the company's board and management to help turn around the cruise operator. Shares of... Read More.

German union files defamation complaint against Tesla factory manager

Tuesday, February 17 by SRN News

BERLIN, Feb 17 (Reuters) - Germany's IG Metall has filed a criminal complaint against the manager of Tesla's factory near Berlin, accusing him of "spreading false allegations", the union said on Tuesday, in another sign of its souring relations with the U.S. automaker. The union... Read More.

Mississippi holds hearing on xAI data center amid environmental lawsuit threat

Tuesday, February 17 by SRN News

By Valerie Volcovici WASHINGTON, Feb 17 (Reuters) - Mississippi regulators will host a public hearing on Tuesday over plans by Elon Musk's xAI to build a gas-fired power plant to power its Colossus II data center, as the company faces a lawsuit threat by the... Read More.

Tripadvisor engages with Starboard as activist seeks board control, sale

Tuesday, February 17 by SRN News

Feb 17 (Reuters) - Tripadvisor said on Tuesday its board and management held multiple discussions with activist investor Starboard Value, which owns about 9% of the company and has accused it of failing to hold management accountable for "value destruction". In a sharply worded letter... Read More.

France’s Macron holds bilateral talks with India’s Modi to boost economic and strategic ties

Tuesday, February 17 by SRN News

NEW DELHI (AP) - French President Emmanuel Macron met with India's Prime Minster Narendra Modi on Tuesday for bilateral talks aimed at deepening economic and strategic ties as the two countries seek closer cooperation amid global uncertainty and shifting geopolitical alignments. The meeting in India's... Read More.

S&P 500, Nasdaq open lower as AI disruption fears sour sentiment

Tuesday, February 17 by SRN News

Feb 17 (Reuters) - The S&P 500 and the Nasdaq opened lower on Tuesday after the long weekend as worries about AI-triggered disruptions rattled market confidence and investors focused on developments in nuclear talks between the United States and Iran. The Dow Jones Industrial Average... Read More.

Nigeria and Kenya lead Africa’s push for electric vans assembled from Chinese EV kits

Tuesday, February 17 by SRN News

NAIROBI, Kenya (AP) - E-mobility companies in Africa are beginning to assemble electric vans and taxis locally, using Chinese-made kits and innovative financing to spread use of electric public transport across the continent. Saglev of Nigeria has begun assembling 18-seater passenger electric vans using... Read More.

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Current Weather

Trump administration backs Kalshi, Polymarket as states move to ban prediction markets

Fed’s Goolsbee: ‘Several’ rate cuts possible this year if inflation gets on track to 2%

Wall Street regulator calls for shrinking exec pay disclosure

Elliott builds over 10% stake in Norwegian Cruise, seeks board change

German union files defamation complaint against Tesla factory manager

Mississippi holds hearing on xAI data center amid environmental lawsuit threat

Tripadvisor engages with Starboard as activist seeks board control, sale

France’s Macron holds bilateral talks with India’s Modi to boost economic and strategic ties

S&P 500, Nasdaq open lower as AI disruption fears sour sentiment

Nigeria and Kenya lead Africa’s push for electric vans assembled from Chinese EV kits

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