Business

Asia shares rise in relief rally as Nvidia beats the street

Thursday, February 26 by SRN News

By Rae Wee SINGAPORE, Feb 26 (Reuters) - Asian stocks advanced on Thursday after upbeat earnings from Nvidia soothed concerns over AI-driven disruption and rising costs, while the yen was in the doldrums, bogged down by a murky rate outlook in Japan. Lingering worries about escalating... Read More.

Qantas CEO says demand weakness on US routes viewed as short-term issue

Thursday, February 26 by SRN News

Feb 26 (Reuters) - Qantas Airways CEO Vanessa Hudson said on Thursday that demand weakness on the Australian carrier's U.S. routes was viewed as a short-term issue. She told analysts on an earnings call that she was optimistic about an improvement on the routes in... Read More.

AI song generator startups Suno and Udio angered the music industry. Now they’re hoping to join it

Thursday, February 26 by SRN News

CAMBRIDGE, Mass. (AP) - Suno CEO Mikey Shulman pulls up a chair to the recording studio desk where a research scientist at his artificial intelligence company is creating a new song. The flute line sounds promising. The percussion needs work. Neither of them is playing an instrument.... Read More.

Oil climbs as US-Iran tensions keep supply risks in focus

Thursday, February 26 by SRN News

By Yuka Obayashi TOKYO, Feb 26 (Reuters) - Oil prices climbed on Thursday, hovering near seven-month highs, as investors gauged whether U.S.-Iran talks could avert a military conflict that risks supply disruptions, though gains were capped by a build in U.S. crude inventories. Brent futures... Read More.

Qantas logs record first-half profit on strong travel demand, new aircraft

Thursday, February 26 by SRN News

Feb 26 (Reuters) - Australia's Qantas Airways on Thursday reported record first-half underlying earnings, bolstered by resilient travel demand across its flagship and budget offerings and helped by new aircraft joining its ageing fleet. Australia's flag carrier posted underlying profit before tax of A$1.46 billion... Read More.

After years of legal wrangling, Enbridge begins rerouting pipeline around Wisconsin reservation

Thursday, February 26 by SRN News

MADISON, Wis. (AP) - Energy company Enbridge has finally started work on rerouting an aging oil pipeline around a tribal reservation in northern Wisconsin after seven years of legal wrangling, moving ahead despite two new lawsuits that still could delay the project indefinitely. About 12... Read More.

Zoom forecasts quarterly profit below estimates amid tough competition

Thursday, February 26 by SRN News

Feb 25 (Reuters) - Zoom Communications forecast quarterly profit below Wall Street estimates on Wednesday, signaling intense competition and a cautious spending environment could weigh on its earnings. Shares of the company were down nearly 3% in extended trading. Zoom is increasingly squeezed by rivals such... Read More.

Trading Day: Another tech tonic, Nvidia delivers

Thursday, February 26 by SRN News

ORLANDO, Florida, Feb 25 (Reuters) - Stocks advanced solidly for a second day on Wednesday, powered again by a rebound in tech, while investors' appetite for assets that have been beaten down recently also extended to precious metals and bitcoin. More on that below.... Read More.

US housing-related stocks drop after downbeat comments from Lowe’s, Home Depot

Thursday, February 26 by SRN News

By Caroline Valetkevitch and Lance Tupper NEW YORK, Feb 25 (Reuters) - Shares of U.S. homebuilders and other housing-related companies slumped on Wednesday as home improvement retailer Lowe's said interest rates and other pressures were still weighing on home sales. Several of the stocks were among... Read More.

Feds announce $26.5 billion loan for electric power expansion in Georgia and Alabama

Thursday, February 26 by SRN News

ATLANTA (AP) - Federal energy officials on Wednesday announced a record $26.5 billion loan to electric utilities in Georgia and Alabama, saying the loan will save customers money as the companies undertake a huge expansion driven by demand from computer data centers. A total of... Read More.

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Current Weather

Asia shares rise in relief rally as Nvidia beats the street

Qantas CEO says demand weakness on US routes viewed as short-term issue

AI song generator startups Suno and Udio angered the music industry. Now they’re hoping to join it

Oil climbs as US-Iran tensions keep supply risks in focus

Qantas logs record first-half profit on strong travel demand, new aircraft

After years of legal wrangling, Enbridge begins rerouting pipeline around Wisconsin reservation

Zoom forecasts quarterly profit below estimates amid tough competition

Trading Day: Another tech tonic, Nvidia delivers

US housing-related stocks drop after downbeat comments from Lowe’s, Home Depot

Feds announce $26.5 billion loan for electric power expansion in Georgia and Alabama

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