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Kraft Heinz picks Steve Cahillane as new CEO
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Wednesday, November 19
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SRN News
As infant botulism cases climb to 31, recalled ByHeart baby formula is still on some store shelves
As cases of potentially deadly botulism in babies who drank ByHeart infant formula continue to grow, state officials say they are still finding the recalled product on some store shelves. Investigators in at least three states found ByHeart formula for sale a week after the ...
Wednesday, November 19
by
SRN News
Trump administration revives rollbacks of species protections from first term
BILLINGS, Mont. (AP) - President Donald Trump's administration moved Wednesday to roll back protections for imperiled species and the places they live, reviving a suite of changes to Endangered Species Act regulations during the Republican's first term that were blocked under former Democratic President ...
Wednesday, November 19
by
SRN News
Fed minutes: Most officials supported more rate cuts but not necessarily in December
WASHINGTON (AP) - A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts, though not all committed to making the reduction at their next meeting in December, according to minutes released Wednesday. At the same time, many officials said ...
Wednesday, November 19
by
SRN News
Larry Summers resigns from Santander’s advisory board, spokesperson says
MADRID (Reuters) -Former U.S. Treasury Secretary Larry Summers has resigned from Santander's international advisory board he currently chaired, a Santander spokesperson said on Wednesday. His resignation comes several days after the U.S. Congress released documents that showed Summers shared a close relationship with the late ...
Wednesday, November 19
by
SRN News
Saudi PIF, SITE, Microsoft sign MOU to explore delivery of sovereign-cloud services in kingdom
CAIRO (Reuters) -Saudi Arabian sovereign wealth fund the Public Investment Fund, Saudi information technology company SITE and Microsoft signed a memorandum of understanding to explore the delivery of Microsoft's sovereign-cloud services in the kingdom, the Saudi fund said in an X post on Wednesday. ...
Wednesday, November 19
by
SRN News
Nvidia earnings will shed a light on whether Big Tech is fueling an AI boom or bubble
SAN FRANCISCO (AP) - Computer chipmaker Nvidia is poised to release a quarterly earnings report Wednesday that is expected to either deepen a recent downturn in the stock market or prompt an sigh of relief among investors increasingly worried that the world's most valuable ...
Wednesday, November 19
by
SRN News
Trump nominates new CFPB director, but White House says agency is still closing
NEW YORK (AP) - President Trump nominated Stuart Levenbach as the next director of the Consumer Financial Protection Bureau on Wednesday, using a legal maneuver to keep his budget director Russell Vought as acting director of the bureau while the Trump administration continues on ...
Wednesday, November 19
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SRN News
Exclusive-Trump’s semiconductor tariff plan likely delayed, officials say
By Laurie Chen, Trevor Hunnicutt and Jeffrey Dastin WASHINGTON (Reuters) -U.S. officials are privately saying that they might not levy long-promised semiconductor tariffs soon, potentially delaying a centerpiece of President Donald Trump's economic agenda. Officials relayed these messages over the last several days to stakeholders in ...
Wednesday, November 19
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SRN News
Novartis to build manufacturing hub in North Carolina, creating 700 jobs
ZURICH (Reuters) -Novartis will expand its operations in North Carolina and build a manufacturing hub there as part of a planned $23 billion of U.S. infrastructure investment over the next five years, the Swiss pharmaceuticals company said on Wednesday. The expansion is projected to create ...
Wednesday, November 19
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SRN News
Fed cut rates amid policymakers’ caution about inflation, minutes show
By Howard Schneider WASHINGTON (Reuters) -A divided Federal Reserve cut interest rates last month even as policymakers cautioned that lower borrowing costs could risk undermining the fight to quell inflation that has been above the U.S. central bank's 2% target for four and a half ...
Wednesday, November 19
by
SRN News
UK to ban the resale of tickets for profit to protect fans
LONDON (Reuters) -Britain said on Wednesday it would ban the resale of tickets to concerts, sport and other live events for profit, disrupting ticket touts and the platforms that benefit from their activities. Culture Secretary Lisa Nandy said touts were ripping off fans by ...
Wednesday, November 19
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SRN News
Investors pull record $523 million from BlackRock’s flagship bitcoin ETF
By Manya Saini and Niket Nishant (Reuters) -Investors pulled roughly $523 million from BlackRock's flagship iShares Bitcoin Trust on Tuesday, according to data from Farside Investors, marking the fund's largest single-day withdrawal since its launch. Bitcoin, a bellwether for crypto markets, fell below $90,000 this ...
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