Business

Analysis-State firms in China buy foreclosed properties to slow downturn

Friday, February 13 by SRN News

BEIJING/HONG KONG, Feb 13 (Reuters) - Chinese state-owned companies are buying foreclosed property projects, in a sign that long-promised government efforts to reduce massive oversupply in the crisis-hit housing sector are finally getting traction, albeit at a slow pace. Analysts say the involvement of... Read More.

Anthropic hits a $380B valuation as it heightens competition with OpenAI

Friday, February 13 by SRN News

Artificial intelligence company Anthropic says it is now valued at $380 billion, cementing its position alongside rival OpenAI and Elon Musk's SpaceX in a trio of the world's most valuable startups that investors will be watching closely this year to see if they will... Read More.

Instacart forecasts strong quarter driven by essentials demand, advertisement business

Friday, February 13 by SRN News

By Neil J Kanatt Feb 12 (Reuters) - Instacart forecast current-quarter gross transaction value and core profit above expectations and beat fourth-quarter estimates on Thursday, helped by strong demand for essentials on its online delivery platform and rising advertising revenue, Shares of the company were... Read More.

Exclusive-Saks lenders, suppliers in talks to avoid court fight over bankruptcy loan

Friday, February 13 by SRN News

By Nicholas P. Brown NEW YORK, Feb 12 (Reuters) - Hoping to avert a court battle, negotiators are racing to resolve a dispute over whether millions of dollars in luxury handbags, clothing and jewelry could be claimed as collateral for Saks' $1.75 billion bankruptcy loan,... Read More.

US, Taiwan finalize deal to cut tariffs, boost purchases of US goods

Friday, February 13 by SRN News

By David Lawder WASHINGTON, Feb 12 (Reuters) - Trump administration officials signed a final reciprocal trade agreement that confirmed a 15% U.S. tariff rate for imports from Taiwan, while committing Taiwan to a schedule for eliminating or lowering tariffs on nearly all U.S. goods. The document... Read More.

PJM to extend capacity auction price cap for two years, Pennsylvania governor says

Friday, February 13 by SRN News

Feb 12 (Reuters) - Grid operator PJM Interconnection has agreed to extend a price cap on its capacity auctions for another two years following legal action by the state, Pennsylvania Governor Josh Shapiro said in a post on X on Thursday. Shapiro said the move... Read More.

Brazil cattle processing hitting record as China devours more beef

Thursday, February 12 by SRN News

By Ana Mano SAO PAULO, Feb 12 (Reuters) - Brazil's cattle slaughtering activity for the fourth quarter shows beef packers boosted processing by 13.1% from the same period in 2024, according to preliminary Brazilian census bureau data released on Thursday. The tally, if confirmed, would take... Read More.

New York Fed’s Remache says elevated Fed bond buying to continue until mid-April

Thursday, February 12 by SRN News

By Michael S. Derby Feb 12 (Reuters) - The Federal Reserve is on track to continue forward with sizable Treasury bill buying into the spring but it is unclear what happens after the annual tax filing date has passed, an official who helps manage the... Read More.

US-led oil sales from Venezuela to bring in $5 billion in months, energy chief Wright tells NBC News

Thursday, February 12 by SRN News

By Sheila Dang and Timothy Gardner Feb 12 (Reuters) - Oil sales from Venezuela controlled by the U.S. have totaled over $1 billion so far and in the next few months will bring in another $5 billion, U.S. Secretary of Energy Chris Wright told NBC... Read More.

Trading Day: Bears barge bulls aside

Thursday, February 12 by SRN News

ORLANDO, Florida, Feb 12 (Reuters) - Market sentiment soured rapidly on Thursday, sparking a steep selloff in U.S. stocks, precious metals, commodities and cryptocurrencies, as investors flocked to the relative safety of Treasuries, the dollar and Swiss franc. In my column today, I... Read More.

Current Weather

Analysis-State firms in China buy foreclosed properties to slow downturn

Anthropic hits a $380B valuation as it heightens competition with OpenAI

Instacart forecasts strong quarter driven by essentials demand, advertisement business

Exclusive-Saks lenders, suppliers in talks to avoid court fight over bankruptcy loan

US, Taiwan finalize deal to cut tariffs, boost purchases of US goods

PJM to extend capacity auction price cap for two years, Pennsylvania governor says

Brazil cattle processing hitting record as China devours more beef

New York Fed’s Remache says elevated Fed bond buying to continue until mid-April

US-led oil sales from Venezuela to bring in $5 billion in months, energy chief Wright tells NBC News

Trading Day: Bears barge bulls aside

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