Business

A grim job outlook meets a scrappy workforce as administrative assistants harness AI

Thursday, July 2 by SRN News

With their numbers already in decline, secretaries and administrative assistants face another growing threat: artificial intelligence tools like ChatGPT and Claude that can accomplish aspects of their workload with a tap. Employment projection data offers a grim outlook for the women-dominated profession that may be... Read More.

Merz unveils sweeping reform push for Germany: Tax cuts, pension overhaul and new sick leave rules

Thursday, July 2 by SRN News

BERLIN (AP) - German Chancellor Friedrich Merz and his government coalition partners presented a comprehensive reform package Thursday with the goal of getting the country's sluggish economy back on track. The 34 measures include cuts to income tax for low- and middle income families,... Read More.

Wall St futures muted as investors await payrolls data

Thursday, July 2 by SRN News

July 2 (Reuters) - U.S. stock index futures were subdued on Thursday as investors remained on the sidelines ahead of the June employment report, while a lack of progress in negotiations to end the Middle East war also weighed on sentiment. Markets had a choppy... Read More.

In Sintra, world’s central bankers find ally in new Fed chief

Thursday, July 2 by SRN News

By Francesco Canepa and Balazs Koranyi SINTRA, Portugal, July 2 (Reuters) - Central bank officials from around the world believe they may have found a new ally in Federal Reserve Chair Kevin Warsh, providing a rare point of alignment in an otherwise difficult relationship with... Read More.

Verisk estimates over $10 billion in economic losses from Venezuela earthquake

Thursday, July 2 by SRN News

July 2 (Reuters) - Catastrophe and risk modeling firm Verisk said on Thursday it expects economic losses from the Venezuelan earthquake to exceed $10 billion. Here are some details: • Two powerful earthquakes struck north-central Venezuela near densely populated areas on June... Read More.

Iran warns oil tankers to use approved routes in Strait of Hormuz or face a ‘forceful response’

Thursday, July 2 by SRN News

DUBAI, United Arab Emirates (AP) - Iran's joint military command warned Thursday that all oil tankers moving through the Strait of Hormuz must use its approved routes or face a "forceful response," again ratcheting up tensions over a waterway crucial for international energy supplies.... Read More.

U.S. closes 2022 probe into 695,000 Tesla vehicles over unexpected braking

Thursday, July 2 by SRN News

July 2 (Reuters) - The U.S. National Highway Traffic Safety Administration (NHTSA) on Thursday said it had closed its 2022 preliminary evaluation into 695,000 Tesla vehicles over unexpected deceleration, citing low demonstrated hazard to drivers and a substantial drop in incidents. Here are a few... Read More.

Samsung Group details plans to invest $90 billion in South Korea’s central region

Thursday, July 2 by SRN News

SEOUL, July 2 (Reuters) - Samsung Group detailed plans on Thursday to invest 140 trillion won ($90 billion) for production of display panels, batteries, chips and chip materials in the central province of Chungcheong. • Samsung Display to spend 67 trillion won in Asan and... Read More.

Asian stocks mostly decline on a sell-off of chip shares

Thursday, July 2 by SRN News

HONG KONG (AP) - Asian shares mostly declined Thursday on heavy selling of computer chip stocks, while U.S. futures were little changed after modest losses on Wall Street. Oil prices fell after negotiators from the U.S. and Iran met separately with mediators from Qatar and... Read More.

Morning Bid: Shares pull back as markets await likely payrolls beat

Thursday, July 2 by SRN News

A look at the day ahead in European and global markets from Stella Qiu Global shares are pulling back after a bumper quarter. Quarter-end rebalancing was partly to blame but there are also bubbling concerns about how long the AI party will go on. News... Read More.

Current Weather

A grim job outlook meets a scrappy workforce as administrative assistants harness AI

Merz unveils sweeping reform push for Germany: Tax cuts, pension overhaul and new sick leave rules

Wall St futures muted as investors await payrolls data

In Sintra, world’s central bankers find ally in new Fed chief

Verisk estimates over $10 billion in economic losses from Venezuela earthquake

Iran warns oil tankers to use approved routes in Strait of Hormuz or face a ‘forceful response’

U.S. closes 2022 probe into 695,000 Tesla vehicles over unexpected braking

Asian stocks mostly decline on a sell-off of chip shares

Morning Bid: Shares pull back as markets await likely payrolls beat

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