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Fed’s Hammack signals holding rates steady for months, WSJ reports
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Wednesday, October 22
by
SRN News
USDA is reopening some 2,100 offices to help farmers access $3B in aid despite the ongoing shutdown
The Agriculture Department will reopen about 2,100 county offices all across the country Thursday despite the ongoing government shutdown to help farmers and ranchers get access to $3 billion of aid from existing programs. The USDA said each Farm Service Agency office will have two ...
Wednesday, October 22
by
SRN News
Photos of cattle ranching in Argentina and the US as Trump plans to import more Argentine beef
President Donald Trump’s effort to bring down record-high beef prices by boosting imports from Argentina is facing sharp pushback from U.S. ranchers enjoying some rare profitable years and doubts from analysts who say the move is unlikely to lower grocery store prices. This is a ...
Wednesday, October 22
by
SRN News
Beyond Meat shares sizzle on Walmart deal and meme stock interest
Beyond Meat’s shares are sizzling once again. The plant-based meat company’s shares more than doubled early Wednesday and were recently up more than 92%. Beyond Meat’s shares have surged more than 1,000% over the last four trading days. The rally comes nearly a week after Beyond ...
Wednesday, October 22
by
SRN News
Rules-based trading system at risk of derailment, says UN chief
By Olivia Le Poidevin GENEVA (Reuters) -The head of the United Nations said on Wednesday that the global trade system was facing major challenges due to tariffs, with developing countries worst affected. “The rules-based trading system is at risk of derailment,” U.N. Secretary General Antonio Guterres ...
Wednesday, October 22
by
SRN News
Analysis-From FOMO to fear of margin calls: gold’s wild ride enters new stage
By Polina Devitt LONDON (Reuters) -Gold’s remarkable rise has moved into a new phase with the swelling influence of speculators bringing greater volatility yet market players are sticking with forecasts for higher prices in 2026 even if central bank demand eases. On track for its biggest ...
Wednesday, October 22
by
SRN News
Petrobras and Equinor acquire most blocks in Brazil’s pre-salt auction
RIO DE JANEIRO (Reuters) -Brazil’s state-run oil firm Petrobras and Norway’s Equinor were the big winners in an auction for blocks in Brazil’s pre-salt area, acquiring one block each and partnering up to explore a third one, the country’s oil regulator ANP made public ...
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Wednesday, October 22
by
SRN News
Subprime lender PrimaLend Capital Partners files for bankruptcy protection
(Reuters) -Subprime lender PrimaLend Capital Partners filed for Chapter 11 bankruptcy protection on Wednesday, in another sign that low-income consumers in the United States are under strain. The company’s filings in a Texas court showed that it listed both assets and liabilities of less than ...
Wednesday, October 22
by
SRN News
First Brands bankruptcy sparks sharp outflow from US loan funds
By Patturaja Murugaboopathy (Reuters) -U.S. loan funds are seeing sharp outflows this month as the bankruptcy of First Brands Group raises concerns over opaque financing and the robustness of underwriting standards in the private credit market. Loan exchange-traded funds, which invest in syndicated loans that ...
Wednesday, October 22
by
SRN News
Moody’s raises annual earnings forecasts on strong issuance activity, analytics strength
(Reuters) -Ratings agency Moody’s raised its annual revenue and profit forecasts on Wednesday, on the back of strong momentum in its analytics unit and robust bond issuance activity. WHY IT’S IMPORTANT Credit spreads are a crucial gauge of the health of the corporate sector and play ...
Wednesday, October 22
by
SRN News
European luxury groups hedge bets on predicting China comeback
By Mimosa Spencer, Tassilo Hummel and Dominique Patton PARIS (Reuters) -Europe’s luxury companies from LVMH to Hermes and L’Oreal are tentatively pointing to signs of a revival in China, but are also cautious about calling the turn on one of their biggest markets after a ...
Wednesday, October 22
by
SRN News
Netflix earnings miss sets Wall Street for muted open
By Pranav Kashyap and Twesha Dikshit (Reuters) -Wall Street looked set for a subdued open on Wednesday, with Netflix’s disappointing results pressuring market sentiment as investors tiptoe through a high-stakes earnings season. Shares of Netflix dropped 7.2% in premarket trading on Wednesday after the streaming ...
Wednesday, October 22
by
SRN News
Beyond Meat shares soar as surging retail interest sparks ‘meme stock’ euphoria
By Johann M Cherian, Shashwat Chauhan and Juveria Tabassum (Reuters) -Beyond Meat’s highly shorted shares jumped about 130% in premarket trading on Wednesday, fueled by a fresh wave of buying among retail traders who have sparked meme stock frenzies on Wall Street in recent years. The ...
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