Business

OpenAI gets $110 billon in funding from a trio of tech powerhouses, led by Amazon

Friday, February 27 by SRN News

ChatGPT maker OpenAI has received $110 billion in funding from Amazon, SoftBank and Nvidia, putting the technology company's pre-money valuation at $730 billion. Amazon is leading the trio of tech heavyweights in commitments, putting up $50 billion, followed by $30 billion each from Nvidia and... Read More.

US dollar rises on higher PPI and US-Iran tensions

Friday, February 27 by SRN News

By Karen Brettell NEW YORK, Feb 27 (Reuters) - The U.S. dollar rose on Friday after hotter-than-expected producer price data for January and on concerns about rising tensions between the United States and Iran. The Producer Price Index for final demand rose 0.5% last month after... Read More.

California now biggest obstacle to Paramount’s Warner Bros takeover

Friday, February 27 by SRN News

By Jody Godoy Feb 27 (Reuters) - California has a lot to lose if Paramount Skydance buys Warner Bros Discovery and could stand in the way of a deal, while Paramount's deep political connections to the Trump administration are expected to smooth the path to... Read More.

Mexico’s Pemex reports Q4 net loss of $8.62 million

Friday, February 27 by SRN News

MEXICO CITY, Feb 27 (Reuters) - Mexican state energy company Pemex booked a net loss of 155.23 million pesos ($8.62 million) and revenues of 362.45 billion pesos for the fourth quarter of last year, a filing with the Mexican stock exchange on Friday showed.... Read More.

Target’s management under fire as investors agitate for change

Friday, February 27 by SRN News

NEW YORK, Feb 27 (Reuters) - Over the last three years, retailer Target has weathered intense criticism from consumers who have questioned its merchandise choices and policy decisions. Now it has another unhappy group to deal with: shareholders who are questioning management's decisions on everything... Read More.

Argentina’s Senate convenes for final labor reform vote, as unions and opposition march in protest

Friday, February 27 by SRN News

BUENOS AIRES (AP) - A coalition of labor unions, opposition parties and left-wing organizations marched through downtown Buenos Aires on Friday, in protest of President Javier Milei's sweeping labor overhaul to be debated in the Senate in the coming hours. The bill, which grants employers... Read More.

Mexico’s Grupo Televisa cancels dividend payment, shares drop

Friday, February 27 by SRN News

By Aida Pelaez-Fernandez MEXICO CITY, Feb 27 (Reuters) - Shares of Mexican broadcaster Grupo Televisa were on track for their worst day this year on Friday, as the company canceled its regular dividend for 2026. "Considering several opportunities in the telecom sector in Mexico that... Read More.

US construction spending increases in line with expectations in December

Friday, February 27 by SRN News

WASHINGTON, Feb 27 (Reuters) - U.S. construction spending increased in December, lifted by a rebound in single-family homebuilding as well as ongoing strength in home renovations. The Commerce Department's Census Bureau said on Friday that construction spending rose 0.3% after falling 0.2% in November. The... Read More.

2 Panama Canal ports have dragged Panama into a tussle between superpowers

Friday, February 27 by SRN News

PANAMA CITY (AP) - Two ports run for years by a Hong Kong-based company at either end of the Panama Canal have thrust Panama into a geopolitical tug-of-war between the United States and China. Even before taking office for his second term, U.S. President Donald... Read More.

Trucks of soybeans back up at Brazil river port, slowing export of record harvest

Friday, February 27 by SRN News

By Adriano Machado, Ana Mano and Roberto Samora MIRITITUBA, Brazil, Feb 27 (Reuters) - Truck drivers in Brazil are facing unusually long delays to deliver soybeans at the Miritituba port terminal in the Amazon rainforest, as a record harvest of approximately 180 million metric tons... Read More.

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Current Weather

OpenAI gets $110 billon in funding from a trio of tech powerhouses, led by Amazon

US dollar rises on higher PPI and US-Iran tensions

California now biggest obstacle to Paramount’s Warner Bros takeover

Mexico’s Pemex reports Q4 net loss of $8.62 million

Target’s management under fire as investors agitate for change

Argentina’s Senate convenes for final labor reform vote, as unions and opposition march in protest

Mexico’s Grupo Televisa cancels dividend payment, shares drop

US construction spending increases in line with expectations in December

2 Panama Canal ports have dragged Panama into a tussle between superpowers

Trucks of soybeans back up at Brazil river port, slowing export of record harvest

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