Business

Trump brothers-backed American Bitcoin narrows loss on stronger mining revenue

Wednesday, May 6 by SRN News

May 6 (Reuters) - American Bitcoin, backed by two of U.S. President Donald Trump's sons, reported a narrower first-quarter loss on Wednesday, helped by stronger revenue from Bitcoin mining. The Miami, Florida-based company, whose business is heavily dependent on the price of Bitcoin, leaned on... Read More.

Ted Turner’s vision of news as global and continuous changed both the industry and society itself

Wednesday, May 6 by SRN News

NEW YORK (AP) - When the Space Shuttle Challenger exploded in 1986, Beth Knobel, a future TV news correspondent, was in graduate school. Emerging from class, she saw TV sets had been set up in the lobby. They were tuned to CNN, the 24/7... Read More.

Fed’s Goolsbee says Iran war impact looking more like an inflationary shock

Wednesday, May 6 by SRN News

By Howard Schneider WASHINGTON, May 6 (Reuters) - The U.S.-backed war against Iran is looking increasingly like an inflationary shock to the economy, with little apparent impact yet on jobs and growth but concerns rising about tangled supply chains and more persistent price increases, Chicago... Read More.

JPMorgan tried to settle sexual assault claims before lawsuit, spokesperson says

Wednesday, May 6 by SRN News

May 6 (Reuters) - JPMorgan Chase tried to reach a settlement with a former investment banker before he filed a lawsuit recently making sexual assault and harassment claims, a bank spokesperson said on Wednesday. The largest U.S. bank offered $1 million to settle the allegations,... Read More.

Basis stays steady as cold and drought threaten crops

Wednesday, May 6 by SRN News

CHICAGO, May 6 (Reuters) - Basis bids for hard red winter wheat remained flat in the southern U.S. Plains on Wednesday while merchandisers eyed the risk for cold weather to hurt drought-hit crops. • Frost and freezes were expected on Thursday morning across the Plains,... Read More.

Trading Day: A peace wish and chips

Wednesday, May 6 by SRN News

By Jamie McGeever ORLANDO, Florida, May 6 (Reuters) - Hopes that a U.S.-Iran peace deal might be imminent propelled global stocks to new highs and sent oil prices tumbling on Wednesday, with the U.S. AI frenzy intensifying on strong earnings and reports of mega spending... Read More.

Kuvare working closely with regulators looking at private credit exposure, CEO says

Wednesday, May 6 by SRN News

By Matt Tracy May 6 (Reuters) - Insurance giant Kuvare has worked closely with regulators and ratings agencies recently to help them understand its exposure to private credit, Kuvare CEO Dhiren Jhaveri said on Wednesday at the 2026 Milken Institute Conference in Beverly Hills, California.... Read More.

DoorDash plans to spend more than $50 million on gas price relief for its drivers this spring

Wednesday, May 6 by SRN News

DoorDash said Wednesday it expects to spend more than $50 million in the second quarter on gas price relief for its delivery drivers. The San Francisco-based company said in March that it would offer extra compensation to U.S. and Canadian drivers as part of a... Read More.

Militants ambush fruit trucks on the road to Bamako as a blockade of Mali’s capital persists

Wednesday, May 6 by SRN News

Militants ambushed a convoy of trucks heading to Mali's blockaded capital of Bamako Wednesday, a transportation workers union said, the latest in a crisis that began with sweeping, coordinated attacks by separatist and jihadi forces across the West African nation last month. The attackers opened... Read More.

Global debt hits record of near $353 trillion, with signs of move away from US

Wednesday, May 6 by SRN News

By Karin Strohecker LONDON, May 6 (Reuters) - Investors are showing signs of diversifying away from U.S. Treasuries as global debt levels hit a record of nearly $353 trillion by end-March, a report by the Institute of International Finance published on Wednesday found. IIF's quarterly Global... Read More.

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Trump brothers-backed American Bitcoin narrows loss on stronger mining revenue

Ted Turner’s vision of news as global and continuous changed both the industry and society itself

Fed’s Goolsbee says Iran war impact looking more like an inflationary shock

JPMorgan tried to settle sexual assault claims before lawsuit, spokesperson says

Basis stays steady as cold and drought threaten crops

Trading Day: A peace wish and chips

Kuvare working closely with regulators looking at private credit exposure, CEO says

DoorDash plans to spend more than $50 million on gas price relief for its drivers this spring

Militants ambush fruit trucks on the road to Bamako as a blockade of Mali’s capital persists

Global debt hits record of near $353 trillion, with signs of move away from US

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