Business

SoftBank’s PayPay plans to price US IPO around low end of range, sources say

Wednesday, March 11 by SRN News

By Miho Uranaka and Echo Wang TOKYO/NEW YORK, March 11 (Reuters) - The initial public offering of SoftBank's PayPay is likely to price around the low end of its marketing range as war in the Middle East roil markets, two people familiar with the matter... Read More.

IEA proposes largest ever oil release from strategic reserves, WSJ reports

Wednesday, March 11 by SRN News

(Corrects story link on oil prices in paragraph 6, removes link to 'News Story') March 10 (Reuters) - The International Energy Agency has proposed the largest release of oil reserves in its history to bring down crude prices that have soared due to the U.S.-Israel... Read More.

Currency market on tenterhooks as Iran war weighs on sentiment

Wednesday, March 11 by SRN News

By Ankur Banerjee SINGAPORE, March 11 (Reuters) - The dollar held its ground on Wednesday as traders moved to the sidelines, awaiting cues on what comes next in the U.S.-Israeli war with Iran while mixed messages on a resolution to the conflict kept sentiment frail.... Read More.

Starboard nominates two to CarMax board, source says

Wednesday, March 11 by SRN News

By Svea Herbst-Bayliss NEW YORK, March 10 (Reuters) - Starboard Value has taken a stake in CarMax and nominated two directors to its board, urging the used car retailer to improve the experience of its digital users, cut costs and change its pricing structure, a... Read More.

Factbox-Tech companies tap debt markets to fund AI and cloud expansion

Wednesday, March 11 by SRN News

March 10 (Reuters) - The world's largest technology companies are tapping debt markets, as they seek to bolster their artificial intelligence infrastructure, marking a shift for Silicon Valley firms that typically relied on cash to fund their investments. Big Tech is expected to splurge more... Read More.

Boeing signs $289 million Israel contract for 5,000 smart bombs, source says

Tuesday, March 10 by SRN News

March 10 (Reuters) - Boeing has signed a new $289 million contract with Israel to deliver as many as 5,000 new air-launched smart bombs, a source told Reuters on Tuesday. The new contract is not related to the ongoing U.S.-Israeli air strikes on Iran,... Read More.

Judge urges states to settle Live Nation claims after US strikes deal but states say no chance

Tuesday, March 10 by SRN News

NEW YORK (AP) - A New York federal judge on Tuesday urged over two dozen states to settle their antitrust claims against Ticketmaster and its parent company this week after the U.S. Justice Department reached a deal and dropped out of an ongoing trial.... Read More.

Exclusive-Chevron, Shell closing in on first big oil production deals in Venezuela since US captured Maduro, sources say

Tuesday, March 10 by SRN News

By Marianna Parraga and Deisy Buitrago HOUSTON/CARACAS, March 10 (Reuters) - International oil majors Chevron and Shell are closing in on the first big oil production deals with Venezuela since the U.S. capture of President Nicolas Maduro in January, five sources close to the negotiations... Read More.

Meta to acquire Moltbook, the social network for AI agents

Tuesday, March 10 by SRN News

LOS ANGELES (AP) - Meta said Tuesday it is acquiring Moltbook, a social network built exclusively for artificial intelligence agents to make posts and interact with each other. A takeover of the AI experiment by the parent company of Facebook and Instagram comes weeks after... Read More.

Trading Day: Role reversal, as Wall Street lags

Tuesday, March 10 by SRN News

ORLANDO, Florida, March 10 (Reuters) - Oil slumped more than 10% on Tuesday, the biggest one-day fall since 2022, on hopes that conflict in the Middle East will de-escalate. Asian and European stocks rose sharply, but in a rare instance since the war broke... Read More.

Current Weather

SoftBank’s PayPay plans to price US IPO around low end of range, sources say

IEA proposes largest ever oil release from strategic reserves, WSJ reports

Currency market on tenterhooks as Iran war weighs on sentiment

Starboard nominates two to CarMax board, source says

Boeing signs $289 million Israel contract for 5,000 smart bombs, source says

Judge urges states to settle Live Nation claims after US strikes deal but states say no chance

Exclusive-Chevron, Shell closing in on first big oil production deals in Venezuela since US captured Maduro, sources say

Trading Day: Role reversal, as Wall Street lags

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