Business

Jefferies profit rises on dealmaking, takes $30 million loss linked to First Brands

Wednesday, January 7 by SRN News

By Lananh Nguyen and Prakhar Srivastava Jan 7 (Reuters) - Jefferies beat estimates for fourth-quarter profit on Wednesday, boosted by a rebound in dealmaking and strong underwriting, giving investors an early signal about the strength of Wall Street's investment-banking business. Banks have been buoyed by a... Read More.

India regulator finds BofA shared confidential information ahead of block trade, WSJ reports

Wednesday, January 7 by SRN News

Jan 7 (Reuters) - India's markets regulator has found that Bank of America improperly shared material non-public information about a $180 million block trade of stock and misled the authorities about it, the Wall Street Journal reported on Wednesday, citing people familiar with the... Read More.

First Brands runs low on cash as fraud investigations mount

Wednesday, January 7 by SRN News

By Dietrich Knauth Jan 7 - Bankrupt auto-parts maker First Brands could run out of cash by the end of the month, and it is seeking additional funding from its lenders and pursuing near-term asset sales in order to buy more time to restructure a... Read More.

Trump proposes massive increase in 2027 defense spending to $1.5T, citing ‘dangerous times’

Wednesday, January 7 by SRN News

WASHINGTON (AP) - President Donald Trump on Wednesday proposed setting military spending at $1.5 trillion in 2027, citing "troubled and dangerous times." Trump called for the massive surge in spending days after he ordered a U.S. military operation to capture Venezuelan leader Nicolás Maduro and... Read More.

California loses $160M for delaying revocation of 17,000 commercial driver’s licenses for immigrants

Wednesday, January 7 by SRN News

California will lose an additional $160 million for delaying the revocations of 17,000 commercial driver's licenses for immigrants, federal transportation officials announced Wednesday. Transportation Secretary Sean Duffy already withheld $40 million in federal funding because he said California isn't enforcing English proficiency requirements for truckers. The... Read More.

Trading Day: Sunny start, gloomy end

Wednesday, January 7 by SRN News

ORLANDO, Florida, Jan 7 (Reuters) - The S&P 500 and Dow Jones Industrials climbed to new highs on Wednesday but closed the session lower in the wake of patchy U.S. employment data, while bond yields, oil, and metals prices also posted notable declines. More... Read More.

Exclusive-Chevron in talks with US government for expanded Venezuela license, sources say

Wednesday, January 7 by SRN News

By Marianna Parraga HOUSTON, Jan 7 (Reuters) - Oil producer Chevron is in talks with the U.S government to expand a key license to operate in Venezuela so it can increase crude exports to its own refineries and sell to other buyers, four sources close... Read More.

NYC Mayor Zohran Mamdani defends tenant official facing backlash for ‘white supremacy’ posts

Wednesday, January 7 by SRN News

NEW YORK (AP) - New York City Mayor Zohran Mamdani is standing behind a newly-appointed housing official as she faces backlash for years-old social media posts, including messages that called for the seizure of private property and linked homeownership to white supremacy. Cea Weaver, a... Read More.

Trump blocks defense company payouts until arms production speeds up

Wednesday, January 7 by SRN News

WASHINGTON, Jan 7 (Reuters) - U.S. President Donald Trump vowed to block defense contractors from paying dividends or buying back shares until they speed up weapons production, a rare presidential strike at Wall Street norms that sent defense stocks tumbling and signaled sweeping changes... Read More.

Analysis-Comcast’s TV spin hands Paramount more ammunition in its Warner Bros campaign

Wednesday, January 7 by SRN News

By Dawn Chmielewski LOS ANGELES, Jan 7 (Reuters) - Paramount Skydance gained fresh ammunition in its campaign to convince Warner Bros Discovery shareholders that its $108.4 billion bid for the storied Hollywood studio, HBO, and Discovery Channel is the better offer: the market's response to... Read More.

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Jefferies profit rises on dealmaking, takes $30 million loss linked to First Brands

India regulator finds BofA shared confidential information ahead of block trade, WSJ reports

First Brands runs low on cash as fraud investigations mount

Trump proposes massive increase in 2027 defense spending to $1.5T, citing ‘dangerous times’

California loses $160M for delaying revocation of 17,000 commercial driver’s licenses for immigrants

Trading Day: Sunny start, gloomy end

Exclusive-Chevron in talks with US government for expanded Venezuela license, sources say

NYC Mayor Zohran Mamdani defends tenant official facing backlash for ‘white supremacy’ posts

Trump blocks defense company payouts until arms production speeds up

Analysis-Comcast’s TV spin hands Paramount more ammunition in its Warner Bros campaign

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