Business

Analysis-Sell in May and go away? Not so fast, investors

Friday, May 1 by SRN News

By Saqib Iqbal Ahmed NEW YORK, May 1 (Reuters) - Blindly following the old Wall Street adage "sell in May and go away" may prove costly, as investors weigh whether to call time on a powerful market recovery heading into a historically turbulent stretch of... Read More.

Key takeaways from Musk’s testimony at OpenAI trial

Friday, May 1 by SRN News

May 1 (Reuters) - Elon Musk testified for more than seven hours over three days this week at a trial in Oakland, California, over the future of OpenAI, casting his lawsuit against the owner of ChatGPT as a defense of the institution of charitable... Read More.

Major Japanese trading houses expect higher profits as Iran war drags on

Friday, May 1 by SRN News

By Katya Golubkova and Yuka Obayashi TOKYO, May 1 (Reuters) - Major Japanese trading houses on Friday said they expected higher fiscal year profits as the U.S.-Israeli war on Iran keeps commodity prices high, while domestic utilities warned of losses as procurement costs spike. Japan, one... Read More.

Toyota to post fourth straight quarterly profit drop as Middle East risks, costs mount

Friday, May 1 by SRN News

By Daniel Leussink TOKYO, May 1 (Reuters) - Toyota is expected to report a fourth successive year-on-year decline in quarterly operating profit next week, as rising material and labour costs and the impact of U.S. tariffs offset strong demand, particularly for hybrid vehicles. The world's biggest... Read More.

Morning Bid: Never mind the oil, feel the earnings!

Friday, May 1 by SRN News

May 1 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. Another day when investors in Asia feel slightly foolish for thinking things in the world were going badly, only for the U.S. to come in and buy... Read More.

EU-Mercosur trade deal takes provisional effect, boosting hopes and concerns for millions

Friday, May 1 by SRN News

SAO PAULO (AP) - The long-awaited trade deal between South American bloc Mercosur and the European Union took effect Friday, at least provisionally. The initiative creates a trans-Atlantic market estimated at $22 trillion with 720 million potential consumers, and some nations expect to boost... Read More.

Iran’s monthslong internet shutdown is crushing businesses in an already battered economy

Friday, May 1 by SRN News

TEHRAN, Iran (AP) - At her studio in Iran's capital, Amen Khademi prepared a fashion shoot for a jacket she designed with Persian-inspired motifs. But even as she applied lipstick to the model, she was distracted, worrying if her business would survive after four... Read More.

War-battered Syria now sells itself as a safe corridor amid regional conflict

Friday, May 1 by SRN News

BEIRUT (AP) - Ahed Badawi lived for more than a decade in Bahrain, a small Gulf country that - unlike her native Syria - rarely made headlines. It provided a refuge for her, her sister and their elderly mother during Syria's 14 years of civil... Read More.

Asia shares find relief in tech resilience, oil off peak

Thursday, April 30 by SRN News

By Wayne Cole SYDNEY, May 1 (Reuters) - Asian share markets rebounded in relief on Friday as oil prices came off the boil and upbeat company earnings pulled investors into tech stocks, while Japan's first yen-buying intervention in two years steadied the battered currency. Apple... Read More.

More states join legal challenge to Nexstar, Tegna merger

Thursday, April 30 by SRN News

By Daniel Wiessner April 30 (Reuters) - Five more U.S. states are joining an antitrust lawsuit challenging Nexstar's acquisition of rival broadcaster Tegna after a judge temporarily blocked the deal from proceeding, California's attorney general said on Thursday. Attorney General Rob Bonta, a Democrat whose... Read More.

Current Weather

Analysis-Sell in May and go away? Not so fast, investors

Key takeaways from Musk’s testimony at OpenAI trial

Major Japanese trading houses expect higher profits as Iran war drags on

Toyota to post fourth straight quarterly profit drop as Middle East risks, costs mount

Morning Bid: Never mind the oil, feel the earnings!

EU-Mercosur trade deal takes provisional effect, boosting hopes and concerns for millions

Iran’s monthslong internet shutdown is crushing businesses in an already battered economy

War-battered Syria now sells itself as a safe corridor amid regional conflict

Asia shares find relief in tech resilience, oil off peak

More states join legal challenge to Nexstar, Tegna merger

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