Business Industrial
MSG Networks nears JPMorgan restructuring to avoid bankruptcy, potentially paving way for a merger with YES Network. Dolan may sell MSGN after debt reduction. Sports app access options available.
Southwest Airlines faces trade war uncertainties and demand pullback after policy changes like baggage fees. They still plan basic economy and assigned seating. Post-pandemic recovery is key.
Domestic tractor sales are projected to reach a record high of 975,000 units by 2026, driven by higher MSP, replacement demand and TREM V implementation. Growth of 3-5% is expected.
President Trump's trade war strategies and criticism of the Fed Chair create market uncertainty. Trade deals with China, Japan, and others stall, impacting stocks, bonds, and even driving investors to gold and Bitcoin.
Trump nominates Clayton as US Attorney for Southern District, crucial for financial crime investigations. Senate confirmation faces potential challenges despite Clayton's bipartisan past and focus on security and trafficking.
Trump criticizes the Fed and Powell, raising concerns about the Fed's independence and potential market turmoil. Tariffs, interest rates, and economic growth are key issues.
Tesla delays US production of its cheaper Model Y (codenamed E41) due to tariff exposure. Budget car is still slated for China & Europe. Production of 250,000 units expected in 2026.
ITC is investing ₹81 crore in Mother Sparsh, raising its stake to 49.3%. It's also acquiring SNBPL (24 Mantra Organic) for ₹400 crore to boost its presence in the organic food sector and support sustainable farming.
Empire State Realty Trust (ESRT) defies Manhattan office market trends with high occupancy (94.2%). Renewals & strategic upgrades drive success, overcoming class distinctions. Key leases: Gerson Lehrman, Workday, Carolina Herrera.
Samsung & LG consider reshoring to the US (South Carolina & Tennessee). Honda denies moving production. Driven by rising costs & supply chain issues, other companies like Toyota & GE are also reshoring.
India’s fintech sector is expected to grow strongly over the next 10 to 20 years, with huge potential to expand digital payments and offer more financial services such as credit and insurance, especially for those who are currently underserved, said MobiKwik Co-Founder Upasana Taku.
The Port Newark Container Terminal was going full-out on Wednesday after President Trump’s punishing tariffs kicked in, with cranes working to unload one ship after another — as shippers, retailers and importers braced for the stiff new duties to be levied on the next load of cargo from overseas.