Business

Cohere, Aleph Alpha combine to target enterprise AI market

Wednesday, September 16 by SRN News

By Leo Marchandon Sept 16 (Reuters) - Canada's Cohere and Germany's Aleph Alpha signed a definitive merger agreement on Wednesday, the AI companies said. The combined business will operate as Cohere, with dual headquarters in Toronto and Berlin, while Aleph Alpha's Heidelberg office will focus... Read More.

US homebuilder sentiment drops to 12-month low in September

Wednesday, September 16 by SRN News

WASHINGTON, Sept 16 (Reuters) - U.S. homebuilder sentiment dropped to a one-year low in September as rising mortgage rates dampen demand for housing, a survey showed on Wednesday. The National Association of Home Builders/Wells Fargo Housing Market index fell three points to 32 this month,... Read More.

Retail sales rise a better-than-expected 1.2% in August after shoppers pulled back spending in July

Wednesday, September 16 by SRN News

(SRN NEWS) - American consumers delivered a stronger-than-expected performance in August, increasing retail spending even as higher prices and sharply rising gasoline costs put renewed pressure on household budgets. Retail sales climbed 1.2% last month, reversing a revised 0.5% decline in July, according to Commerce... Read More.

Zuckerberg distances Meta from calls for a coordinated approach on an AI slowdown

Wednesday, September 16 by SRN News

Meta CEO Mark Zuckerberg said it's up to each AI company to make sure its technology is safe, distancing himself from calls by rival companies for a coordinated slowdown in the development of advanced artificial intelligence. The comments Zuckerberg posted on social media followed... Read More.

Retail sales rise a better-than-expected 1.2% in August after shoppers pulled back spending in July

Wednesday, September 16 by SRN News

NEW YORK (AP) - Consumers may be griping about higher prices at the pump and elsewhere, but they keep spending, helping to power the economy, according to the latest government snapshot. Retail sales rose a better-than-expected 1.2% last month after recording a revised 0.5% dip... Read More.

Saudi Arabia calls attempted attack on Mecca a ‘red line’ as Iran-backed Houthis deny they did it

Wednesday, September 16 by SRN News

CAIRO (AP) - Saudi Arabia accused Yemen's Iran-backed Houthi rebels overnight of trying to attack Islam's holiest city, prompting condemnation from countries in the region but no sign of military support. The kingdom, a key U.S. ally, declared Mecca a "red line" as it... Read More.

Morning Bid: A time to hike?

Wednesday, September 16 by SRN News

By Anna Szymanski Sept 16 (Reuters) - An unsettled few days set the scene for the week's main event: the Federal Reserve's policy decision. Markets overwhelmingly expect a quarter-point rate hike, the central bank's first since 2023, against the backdrop of resurgent oil prices... Read More.

Bond market woes likely a factor for Fed, but intervention seen as unlikely

Wednesday, September 16 by SRN News

By Michael S. Derby Sept 16 (Reuters) - Surging government bond yields are raising credit costs across the U.S. economy and could factor into Federal Reserve monetary policy deliberations, but analysts see the central bank resisting any explicit call from the Trump administration to bail... Read More.

Dollarama raises annual Canadian sales forecast

Wednesday, September 16 by SRN News

Sept 16 (Reuters) - Dollarama raised its annual comparable sales growth forecast on Wednesday, as shoppers facing mounting inflationary pressures increasingly turn to its low-cost everyday products such as grocery and household items. The discount retailer expects annual comparable sales in Canada to grow between... Read More.

UK inflation rises to 5-month high, further pressuring Bank of England to raise rates this year

Wednesday, September 16 by SRN News

LONDON (AP) - Inflation in the United Kingdom rose to a five-month high as the aftershocks of the Iran war continued to ratchet up fuel prices, official figures showed Wednesday, an increase that will pressure the Bank of England to hike interest rates again... Read More.

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Current Weather

Cohere, Aleph Alpha combine to target enterprise AI market

US homebuilder sentiment drops to 12-month low in September

Retail sales rise a better-than-expected 1.2% in August after shoppers pulled back spending in July

Zuckerberg distances Meta from calls for a coordinated approach on an AI slowdown

Retail sales rise a better-than-expected 1.2% in August after shoppers pulled back spending in July

Saudi Arabia calls attempted attack on Mecca a ‘red line’ as Iran-backed Houthis deny they did it

Morning Bid: A time to hike?

Bond market woes likely a factor for Fed, but intervention seen as unlikely

Dollarama raises annual Canadian sales forecast

UK inflation rises to 5-month high, further pressuring Bank of England to raise rates this year

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