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Analysis-Global investors turn to Chinese AI as Wall Street fears bubble
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Tuesday, September 23
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SRN News
‘Green scam’: At UN, watched by drowning nations’ leaders, Trump assails the ethos of climate change
NEW YORK (AP) — Some countries’ leaders are watching rising seas threaten to swallow their homes. Others are watching their citizens die in floods, hurricanes and heat waves, all exacerbated by climate change. But the world U.S. President Donald Trump described in his speech at ...
Tuesday, September 23
by
SRN News
Bank of Canada head expresses concern about Trump’s Fed actions
By Promit Mukherjee and David Ljunggren OTTAWA (Reuters) -Bank of Canada Governor Tiff Macklem on Tuesday expressed concern about President Donald Trump’s attempts to pressure the U.S. Federal Reserve, saying his actions had started to hit financial markets. In his first observations on Trump’s efforts to ...
Tuesday, September 23
by
SRN News
ADM, Alltech to launch North American animal feed joint venture
(Reuters) -Grain trader Archer-Daniels-Midland and agricultural products developer Alltech signed a deal to launch a North American animal feed joint venture, the companies said on Tuesday. Alltech’s Hubbard Feeds and Masterfeeds businesses, 18 feed mills in the U.S and 15 in Canada, and ADM’s 11 ...
Tuesday, September 23
by
SRN News
Performance Food settles with Sachem Head, hands seat to Ferguson
By Svea Herbst-Bayliss NEW YORK (Reuters) -Activist investor Scott Ferguson is joining the board of Performance Food Group, the company said on Tuesday, at a time the hedge fund is urging the food distributor to consider merging with rival US Foods Holding. Less than five weeks ...
Tuesday, September 23
by
SRN News
OpenAI, Oracle, SoftBank plan five new AI data centers for $500 billion Stargate project
By Deepa Seetharaman ABILENE, Texas (Reuters) -OpenAI, Oracle and SoftBank on Tuesday announced plans for five new artificial intelligence data centers in the United States to build out their ambitious Stargate project. U.S. President Donald Trump in January hosted top tech CEOs to launch Stargate, ...
Tuesday, September 23
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SRN News
OpenAI and Oracle show off Stargate AI data center in Texas and plan five more elsewhere
ABILENE, Texas (AP) — The afternoon sun was so hot that OpenAI CEO Sam Altman traded his usual sweater for a T-shirt on the last legs of a Tuesday visit to the massive Stargate artificial intelligence data center complex that will power the future ...
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Tuesday, September 23
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SRN News
Oil firms ask Brazil antitrust watchdog to intervene in Subsea7–Saipem merger
RIO DE JANEIRO (Reuters) -Exxon Mobil, Brazilian state-run Petrobras and oil services provider TechnipFMC petitioned the country’s antitrust regulator Cade to intervene in a merger between energy contractors Subsea7 and Saipem, public documents seen by Reuters show. In filings submitted on Thursday, the firms said ...
Tuesday, September 23
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SRN News
Bank of Montreal explores sale of some US branches, WSJ reports
(Reuters) -Bank of Montreal has recently launched a process to sell some of its U.S. branches with about $6 billion in deposits, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The Canadian lender is weighing a sale of certain locations ...
Tuesday, September 23
by
SRN News
US business equipment borrowings fall in August, ELFA says
(Reuters) -U.S. companies borrowed 2% less to finance equipment in August than a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Tuesday. However, equipment borrowings rose by 2.8% from July. The Washington-based trade association, which monitors economic activity in the equipment sector valued ...
Tuesday, September 23
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SRN News
Sponsor patches on uniforms would raise millions but some athletic directors in wait-and-see mode
The leader of the largest multimedia rights holder in college athletics is confident sponsor patches will begin appearing on team jerseys sooner than later with schools under pressure to find new ways to make money in this new era of revenue-sharing with athletes. Learfield President ...
Tuesday, September 23
by
SRN News
How a SIM farm like the one found near the UN threatens telecom networks
NEW YORK (AP) — The U.S. Secret Service has found and is quietly dismantling a massive network of “SIM farms” across the New York area just as world leaders gather for meetings at the United Nations. Matt McCool, the special agent in charge of the ...
Tuesday, September 23
by
SRN News
Exclusive-Exxon signs initial agreement with Rosneft to chart possible path to recoup Russian losses, sources say
By Anna Hirtenstein, Marwa Rashad and Sheila Dang (Reuters) -U.S. oil major Exxon Mobil and Russian state-run energy giant Rosneft have signed a non-binding initial agreement to help Exxon recoup a $4.6 billion write-down it made on its activities in Russia in 2022 following Moscow’s ...
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