Business

Marriott raises annual room revenue growth forecast amid strong travel demand

Wednesday, May 6 by SRN News

By Anshuman Tripathy May 6 (Reuters) - Hotel operator Marriott International raised annual room revenue growth forecast on Wednesday, betting that strong U.S. travel demand would drive bookings across its properties. After a challenging year when inflation and growth worries pinched customer budgets, U.S. travel... Read More.

Ten years later, the cult of ‘The Nice Guys’ keeps growing

Wednesday, May 6 by SRN News

NEW YORK (AP) - When "The Nice Guys" debuted 10 years ago, the writing was on the wall for the big-screen comedy. It came out sandwiched between "Captain America: Civil War" and "X-Men: Apocalypse." It opened against "Angry Birds." The cartoon birds, Ryan Gosling... Read More.

EU auditors sound alarm over billions in COVID recovery funds that can’t be clearly traced

Wednesday, May 6 by SRN News

BRUSSELS (AP) - European auditors said Wednesday that they're unable to clearly trace the way that billions of euros are being spent out of a massive fund helping European Union countries rebuild their economies from damage caused by the COVID-19 pandemic. The Recovery and Resilience... Read More.

Ted Turner, outspoken founder of CNN, dies at 87

Wednesday, May 6 by SRN News

By Bill Trott WASHINGTON, May 6 (Reuters) - Ted Turner, the brash sportsman and entrepreneur whose ambition and instincts led to a media empire that included groundbreaking news network CNN, has died, CNN reported on Wednesday citing a press release from Turner Enterprises. He was... Read More.

NY Fed says April supply chain pressures highest since July 2022

Wednesday, May 6 by SRN News

By Michael S. Derby May 6 (Reuters) - Supply chain pressures in April hit their highest level since July 2022, as the Middle East war heavily impacted firms' ability to move goods around the world freely, data from the Federal Reserve Bank of New York... Read More.

US Treasury keeps auction sizes steady; dealers expect change in early 2027

Wednesday, May 6 by SRN News

By Gertrude Chavez-Dreyfuss NEW YORK, May 6 (Reuters) - The U.S. Treasury said on Wednesday it does not expect to increase auction sizes for notes and bonds for several more quarters, in line with market expectations, as it detailed a $125 billion refunding for May... Read More.

Apollo surpasses $1 trillion in AUM, beats profit estimates

Wednesday, May 6 by SRN News

By Isla Binnie and Prakhar Srivastava NEW YORK, May 6 (Reuters) - Apollo Global Management crossed $1 trillion in assets under management and beat Wall Street expectations for first-quarter profit on Wednesday after posting record quarterly fee-related earnings. CEO Marc Rowan had set a lofty five-year... Read More.

Increase in US private payrolls in April consistent with stable labor market

Wednesday, May 6 by SRN News

WASHINGTON, May 6 (Reuters) - U.S. private payrolls posted their largest increase in 15 months in April, pointing to continued labor market stability even as the conflict in the Middle East clouds the economy's outlook. The labor market remains in a "low-hire, low-fire" state, though... Read More.

Wall St opens higher as Middle East peace hopes, AI optimism boost sentiment

Wednesday, May 6 by SRN News

May 6 (Reuters) - Wall Street's main indexes opened higher on Wednesday, extending their strong run on hopes of a potential U.S.-Iran peace agreement and sustained enthusiasm around artificial intelligence. The Dow Jones Industrial Average rose 143.9 points, or 0.29%, at the open to 49,442.19.... Read More.

Investor group urges SEC to scrutinize SpaceX IPO filing, avoid conflicts

Wednesday, May 6 by SRN News

By Isla Binnie NEW YORK, May 6 (Reuters) - An investor group which advises union pension funds urged Wall Street's leading watchdog on Wednesday to scrutinize SpaceX's disclosures as the rocket maker embarks on a planned record-breaking public listing. It also raised founder Elon Musk's tenure... Read More.

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Marriott raises annual room revenue growth forecast amid strong travel demand

Ten years later, the cult of ‘The Nice Guys’ keeps growing

EU auditors sound alarm over billions in COVID recovery funds that can’t be clearly traced

Ted Turner, outspoken founder of CNN, dies at 87

NY Fed says April supply chain pressures highest since July 2022

US Treasury keeps auction sizes steady; dealers expect change in early 2027

Apollo surpasses $1 trillion in AUM, beats profit estimates

Increase in US private payrolls in April consistent with stable labor market

Wall St opens higher as Middle East peace hopes, AI optimism boost sentiment

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