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U.S. regulator ends prelim review of Tesla’s Model X over seat belt issues
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Monday, May 20
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SRN News
Morning Bid: Metals zoom as investors wait on rates
A look at the day ahead in European and global markets from Tom Westbrook Copper and gold made record highs in Asia trade on Monday and silver surged over $30. The breakout gains were all the more noteworthy while bonds and currencies settled into ranges ...
Sunday, May 19
by
SRN News
Things to know about an AI safety summit in Seoul
SEOUL, South Korea (AP) — South Korea is set to host a mini-summit this week on risks and regulation of artificial intelligence, following up on an inaugural AI safety meeting in Britain last year that drew a diverse crowd of tech luminaries, researchers and ...
Sunday, May 19
by
SRN News
Many remember solid economy under Trump, but his record also full of tax cut hype, debt and disease
WASHINGTON (AP) — It was a time of fear and chaos four years ago. The death count was mounting as COVID-19 spread. Financial markets were panicked. Oil prices briefly went negative. The Federal Reserve slashed its benchmark interest rates to combat the sudden recession. And ...
Sunday, May 19
by
SRN News
Sour Patch Kids Oreos? Peeps Pepsi? What’s behind the weird flavors popping up on store shelves
Van Leeuwen Ice Cream usually draws customers with gourmet takes on classics like vanilla and pistachio. But occasionally, the artisanal ice cream maker headquartered in New York slips in what it calls a “shock flavor,” like Hidden Valley Ranch or pizza. Surprising flavor combinations – ...
Sunday, May 19
by
SRN News
Stock market today: Asian stocks advance after Wall Street closes out another winning week
HONG KONG (AP) — Asian stocks advanced Monday after U.S. stock indexes drifted around their records on Friday with the Dow Jones Industrial Average closing above 40,000 for the first time. U.S. futures rose, and oil prices climbed as investors focused on the Middle East, ...
Sunday, May 19
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SRN News
Venture capital funding in crypto rises to $2.4 billion, Pitchbook says
By Medha Singh (Reuters) – Crypto startup funding rose for a second straight quarter to hit $2.4 billion in the first three months of 2024, Pitchbook data showed, as expectations of lower interest rates and the debut of the first U.S. ...
Sunday, May 19
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SRN News
Chinese developers’ shares wobble as latest support measures disappoint
By Clare Jim and Xie Yu HONG KONG (Reuters) -Shares of Chinese developers wobbled on Monday as investors fretted that China’s “historic” steps to stabilise its crisis-hit property sector fell short of what is required to foster a sustainable turnaround in demand and confidence. Hong Kong’s ...
Sunday, May 19
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SRN News
Oil prices climb amid uncertainty over Iran president’s fate, Saudi King’s health
By Colleen Howe and Florence Tan BEIJING (Reuters) -Oil prices extended gains on Monday, inching up amid political uncertainty at major producing countries after Iran’s president was feared dead in a helicopter crash and the Saudi crown prince cancelled a Japan trip, citing health issues ...
Sunday, May 19
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SRN News
China sanctions Boeing, two U.S. defense contractors for Taiwan arms sales
BEIJING (AP) — China’s Ministry of Commerce announced sanctions against Boeing and two other defense companies Monday for arms sales to Taiwan, on the day of Taiwan’s presidential inauguration. The move is the latest in a series of sanctions Beijing has announced in recent years ...
Sunday, May 19
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SRN News
China commerce ministry bans some US firms from import, export activities
BEIJING (Reuters) – China’s Commerce Ministry said on Monday that it will prohibit some U.S. firms from importing and exporting activities related to China, including one selling arms to Taiwan, and forbid them from making new investments in China. The ministry ...
Sunday, May 19
by
SRN News
Most Chinese developers’ shares fall despite latest support measures
HONG KONG (Reuters) – Shares of most major Chinese developers fell on Monday even after China announced “historic” steps to stabilise its crisis-hit property sector. Hong Kong’s Hang Seng Mainland Properties Index dropped more than 2%, having gained around 18% ...
Sunday, May 19
by
SRN News
Elliott builds $1 billion-plus stake in Johnson Controls, Bloomberg reports
(Reuters) – Activist investor Elliott Investment Management has built a position worth over $1 billion in Johnson Controls International Plc, Bloomberg News reported on Sunday. The Bloomberg report also said that Elliott’s intentions behind the stake in the building solutions provider ...
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