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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
Taiwan reports its first case of African swine fever and culls scores of pigs
TAIPEI, Taiwan (AP) — Taiwan reported its first cases of African swine fever on Wednesday and culled at least 195 pigs from the affected farm. Authorities also ordered a ban on the movement and slaughter of pigs across the island. The Ministry of Agriculture said ...
Wednesday, October 22
by
SRN News
UK inflation unexpectedly holds steady and bolsters hopes of November rate cut
LONDON (AP) — Inflation in the U.K. unexpectedly held steady in the year to September as higher prices at the pump were offset by lower food costs, official figures showed Wednesday in a development that has bolstered hopes of another interest rate reduction next ...
Tuesday, October 21
by
SRN News
Charter lays off around 1,200 employees to streamline corporate roles, source says
By Harshita Mary Varghese (Reuters) -Cable giant Charter Communications is laying off close to 1,200 employees, or just over 1% of its 95,000-person workforce, a source familiar with the matter told Reuters on Tuesday. The job cuts will be related to corporate management positions within the ...
Tuesday, October 21
by
SRN News
Musk, NASA chief Duffy jostle over space agency leadership
By Joey Roulette WASHINGTON (Reuters) -Acting NASA chief Sean Duffy and billionaire Elon Musk on Tuesday traded barbs online over who should lead the space agency, a day after Duffy invited companies to compete with Musk’s SpaceX for a moon landing mission. The spat involving the ...
Tuesday, October 21
by
SRN News
Airbus, Thales and Leonardo near deal on merger of European space businesses, FT reports
(Reuters) -European aerospace groups Airbus, Thales and Leonardo are nearing an agreement on the merger of their space businesses, the Financial Times reported on Tuesday. Under the deal, Airbus will own 35%, with the other two holding 32.5% each, the report added, citing people familiar ...
Tuesday, October 21
by
SRN News
Golf legend Jack Nicklaus wins $50M verdict in defamation lawsuit against former business partners
MIAMI (AP) — Professional golf legend Jack Nicklaus has won a $50 million verdict in a defamation lawsuit filed in Florida against his former business partners. A six-person jury in Palm Beach County found Monday that the Nicklaus Companies had damaged the 18-time major champion’s ...
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Tuesday, October 21
by
SRN News
Massive virtual arcade on the Las Vegas Strip files for bankruptcy after just one year in business
LAS VEGAS (AP) — A massive virtual arcade located on the Las Vegas Strip filed for bankruptcy after just one year of operation, facing a pending eviction and millions in unpaid claims, court documents show. The Electric Playhouse in Las Vegas, a high-tech gaming ...
Tuesday, October 21
by
SRN News
Western Alliance profit rises on higher interest income, loan-loss fears eased
By Pritam Biswas (Reuters) -Western Alliance Bancorp reported a rise in third-quarter profit on Tuesday, as a rise in interest income and higher lending fees helped offset an increase in rainy day funds, sending its shares up 3.6% in extended trading. Western’s stock was hammered ...
Tuesday, October 21
by
SRN News
Barbie-maker Mattel misses quarterly estimates on North America weakness, shares slump
(Reuters) -Mattel missed Wall Street estimates for third-quarter revenue and profit on Tuesday, as retailers worried about an uncertain economic outlook delayed orders for “Barbie” and other toys, sending its shares down about 7% in extended trading. The company’s CEO, Ynon Kreiz, said that its ...
Tuesday, October 21
by
SRN News
Vale sees 2025 iron ore output at top range after strongest quarter since 2018
By Andre Romani and Marta Nogueira RIO DE JANEIRO/SAO PAULO (Reuters) -Brazilian miner Vale reported on Tuesday its highest quarterly iron ore production since 2018, and said it is on track to reach the upper band of its 2025 production target for its three main ...
Tuesday, October 21
by
SRN News
Activist investor group that includes Travis Kelce aims to revive struggling Six Flags
An group that includes activist investor Jana Partners and NFL player Travis Kelce says it has accumulated one of the largest ownership stakes in Six Flags Entertainment and intends to press the company’s leadership on ways to improve the struggling amusement park operator’s business. ...
Tuesday, October 21
by
SRN News
From screen to shelf: Netflix taps Mattel, Hasbro for ‘KPop Demon Hunters’ toys
By Kritika Lamba and Anuja Bharat Mistry (Reuters) -Netflix is teaming up with Mattel and Hasbro to turn its blockbuster animated film “KPop Demon Hunters” into toys, deepening a consumer-goods push that could help diversify its revenue. The partnership, announced on Tuesday, will produce toys, collectibles, ...
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