Business

Wells Fargo trims S&P 500 index’s year-end target to 7,700

Tuesday, September 15 by SRN News

Sept 15 (Reuters) - Wells Fargo lowered its year-end target for the S&P 500 index to 7,700 from 7,950, as limited catalysts for further gains, and rising political and sector-specific risks cloud the market outlook. The market is entering the "late innings" of the cycle,... Read More.

European chip startup Axelera wins AI factory supply deals and launches second chip

Tuesday, September 15 by SRN News

By Toby Sterling AMSTERDAM, Sept 15 (Reuters) - Dutch chipmaking startup Axelera AI has signed multiple contracts to supply chips to AI factories, it said on Tuesday as it launched "Europa", its second generation of chips, which can be used in specified Dell and Supermicro... Read More.

Congo creates task force for US minerals deal, cabinet minutes say

Tuesday, September 15 by SRN News

By Ange Kasongo KINSHASA, Sept 15 (Reuters) - Democratic Republic of Congo has approved a task force to speed up implementation of its strategic minerals partnership with the United States, according to cabinet minutes seen by Reuters on Tuesday, as Kinshasa seeks to attract more... Read More.

As the world debates the risks of AI, China closes the technology gap with the US

Tuesday, September 15 by SRN News

HONG KONG (AP) - As the rapid development of artificial intelligence triggers a renewed debate about its risks, the United States and China keep racing to develop increasingly powerful models even as they express their own concerns. The U.S. has outpaced China and other countries... Read More.

Delos Data, a chip startup founded by Intel veterans, raises $100 million for AI networks

Tuesday, September 15 by SRN News

By Stephen Nellis SAN FRANCISCO, Sept 15 (Reuters) - Delos Data, a startup founded by veterans of Intel Corp, on Tuesday said it has raised $100 million to develop chips and software that can move data around faster inside AI data centers that are quickly... Read More.

Exclusive-UAE’s ADNOC buys millions of barrels of Iraqi crude, sources say

Tuesday, September 15 by SRN News

By Nidhi Verma and Ahmed Rasheed NEW DELHI/BAGHDAD, Sept 15 (Reuters) - Abu Dhabi National Oil Co (ADNOC) has bought millions of barrels of discounted crude from Iraq's state oil firm, three people familiar with the matter said, expanding its role as a trader amid... Read More.

Belarus’ authoritarian leader meets US envoy to push for lifting sanctions

Tuesday, September 15 by SRN News

TALLINN, Estonia (AP) - Belarus' authoritarian President Alexander Lukashenko met with a U.S. envoy on Tuesday to push for the lifting of the remaining U.S. sanctions against his country. Speaking at a meeting with John Coale, the U.S. special envoy for Belarus, Lukashenko said that... Read More.

China can block citizens from leaving over national security or tech export violations

Tuesday, September 15 by SRN News

BEIJING (AP) - New Chinese border control rules taking effect Tuesday could ban citizens from leaving the country if they engage in illegal activity that endangers national or industrial security. The rules, part of a broader overhaul of border regulations, reflect in part heightened government... Read More.

Stocks wobble but no sign of panic as yields surge

Tuesday, September 15 by SRN News

By Purvi Agarwal, Sruthi Shankar and Medha Singh Sept 15 (Reuters) - Add the summer bond-market rout to the list of market upheavals that U.S. stocks have largely shrugged off. Despite a sharp rise in U.S. Treasury and overseas government bond yields over the past few... Read More.

South Korean lawmaker says Trump due to announce US investment details on Friday

Tuesday, September 15 by SRN News

SEOUL, Sept 15 (Reuters) - A South Korean lawmaker said on Tuesday, while questioning the country's finance minister nominee, that U.S. President Donald Trump was due to announce details of Seoul's planned investment in the United States on Friday. Yoon Hu-duk, a lawmaker from the... Read More.

Current Weather

Wells Fargo trims S&P 500 index’s year-end target to 7,700

European chip startup Axelera wins AI factory supply deals and launches second chip

Congo creates task force for US minerals deal, cabinet minutes say

As the world debates the risks of AI, China closes the technology gap with the US

Delos Data, a chip startup founded by Intel veterans, raises $100 million for AI networks

Exclusive-UAE’s ADNOC buys millions of barrels of Iraqi crude, sources say

Belarus’ authoritarian leader meets US envoy to push for lifting sanctions

China can block citizens from leaving over national security or tech export violations

Stocks wobble but no sign of panic as yields surge

South Korean lawmaker says Trump due to announce US investment details on Friday

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