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Fed’s Hammack signals holding rates steady for months, WSJ reports
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Wednesday, October 22
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SRN News
US Fed floats plan with smaller capital hikes for big banks, Bloomberg News reports
(Reuters) -The Federal Reserve has shown other U.S. regulators the outlines of a revised plan that would dramatically relax a Biden-era bank capital proposal for Wall Street’s largest lenders, Bloomberg News reported on Wednesday. Some officials have calculated that the terms of the Fed’s plan ...
Wednesday, October 22
by
SRN News
US banks’ surge in loans to private creditors may pose risks, Moody’s says
(Reuters) -U.S. banks’ loans to private credit providers have surged to nearly $300 billion, Moody’s said in a report on Tuesday, and the ratings agency warned that smaller lenders could face heightened risks if underwriting standards weaken. Loans to non-depository financial institutions (NDFIs) are now ...
Wednesday, October 22
by
SRN News
Northern Trust profit beats estimates on higher fees, interest
(Reuters) -Northern Trust beat Wall Street expectations for third-quarter profit on Wednesday as it earned higher fees after rallying markets boosted the value of its underlying assets. Markets rallied through multiple record highs in the third quarter as AI stocks continued their surge, which along ...
Wednesday, October 22
by
SRN News
Five 2026 vehicles you should absolutely wait for
Don’t buy that new car yet. If you can wait, you’ll have new 2026 model year options that aren’t out yet. Although some models barely change, others are completely redesigned and often get the latest features and improvements. Whether you’re interested in improved fuel ...
Wednesday, October 22
by
SRN News
AI can help the environment, even though it uses tremendous energy. Here are 5 ways how
Artificial intelligence has caused concern for its tremendous consumption of water and power. But scientists are also experimenting with ways that AI can help people and businesses use energy more efficiently and pollute less. Data centers needed to fuel AI accounted for about 1.5% of ...
Wednesday, October 22
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SRN News
Analysis-Labubu resale price falls may be more about supply than demand
By Casey Hall and Sophie Yu SHANGHAI (Reuters) -Kasidit Teerawiboosin, 22, has ridden the wave of Labubu’s success as a reseller in Thailand of toys from Pop Mart, but the days of easily making money flipping the toothy-grinned monsters are numbered. “Prices in the Thai resale ...
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Wednesday, October 22
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SRN News
Trade with Africa not a game of Minecraft, says Nigerian minister
By Jana Choukeir and Nayera Abdallah ABU DHABI (Reuters) -Rich countries should not approach trade with Africa as a game of Minecraft in which they secure supplies of natural resources, but rather as a relationship based on mutual respect and the need for Africa to ...
Wednesday, October 22
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SRN News
Hilton cuts 2025 room revenue forecast on subdued US travel demand
(Reuters) -Hotel operator Hilton Worldwide slashed its forecast for 2025 room revenue, signalling that weak travel demand would persist as consumers dial down discretionary spending. Travel demand in the U.S. has taken a hit as households worry that a shifting tariff policy could push ...
Wednesday, October 22
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SRN News
Morning Bid: Gold recoils and Netflix disappoints
By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Gold’s stellar climb this year has hit the buffers and streaming giant Netflix disappointed Wall Street with its latest earnings, stopping stock markets in their tracks as trade and ...
Wednesday, October 22
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SRN News
Netflix slumps as revenue forecast disappoints lofty investor expectations
By Kanchana Chakravarty -Netflix shares fell 7% in premarket trading on Wednesday after the streaming giant’s fourth-quarter revenue outlook failed to impress investors despite a strong line-up of shows, including the final season of “Stranger Things”. The tepid outlook undermines the company’s run of strong revenue ...
Wednesday, October 22
by
SRN News
Volkswagen warns staff Nexperia dispute could disrupt output
By Ilona Wissenbach BERLIN (Reuters) -Volkswagen has alerted staff to the risk of short-term manufacturing disruptions because of a dispute over chipmaker Nexperia, it said on Wednesday. A company spokesperson told Reuters that VW had issued an internal letter to staff saying production had not yet ...
Wednesday, October 22
by
SRN News
Tesla set for strong quarter fueled by rush to get expiring US EV tax credits
By Akash Sriram and Abhirup Roy (Reuters) -Tesla is expected to post a surge in third-quarter results on Thursday, thanks to U.S. buyers rushing to take advantage of an expiring $7,500 federal electric vehicle tax credit. But investors and analysts may be more focused on Chief ...
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