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Lenders scrutinize US data center financing as community opposition builds

Lenders scrutinize US data center financing as community opposition builds

By Saeed Azhar and Tatiana Bautzer NEW YORK, Aug 10 (Reuters) - The race to finance the U.S. data center boom is forcing banks and asset managers to confront an added risk: political and community opposition.
TheStreet TheStreet
Public outcry over data centers has banks recalculating risk

Public outcry over data centers has banks recalculating risk

Depending on who you ask, the public backlash against data centers is either a messaging problem or a grassroots backlash against a nefarious encroachment on the way of life in communities across the country. Whatever the cause of the pushback, it's clear that the voice of the people is at least ...
Reuters Reuters
Oil prices hold near one-week high as Hormuz talks advance

Oil prices hold near one-week high as Hormuz talks advance

By Scott DiSavino Aug 11 (Reuters) - Oil prices held near a one-week high on Tuesday as the market assessed signs of progress in talks between Oman and Iran over shipping through the Strait of Hormuz while disruption to Middle Eastern and Russian energy flows continued.
Reuters Reuters
US Treasury yields seen heading lower but strategists' conviction wavering

US Treasury yields seen heading lower but strategists' conviction wavering

By Sarupya Ganguly BENGALURU, Aug 11 (Reuters) - U.S. Treasury yields will decline over the coming year, said bond strategists in a Reuters poll who clung to expectations that markets will abandon Federal Reserve rate hike bets.
Reuters Reuters
Exclusive-Alpha Compute to buy Pennsylvania land, gas rights for $55 million data center campus, company says

Exclusive-Alpha Compute to buy Pennsylvania land, gas rights for $55 million data center campus, company says

By Laila Kearney NEW YORK, Aug 11 (Reuters) -   AI infrastructure company Alpha Compute has signed a binding term sheet to acquire land and natural gas rights in Pennsylvania for $55 million to develop a 200-megawatt data center campus, CEO Brittany Kaiser told Reuters on Tuesday.
Reuters Reuters
Trading platform eToro beats profit estimates, targets US growth with TradeZero buy

Trading platform eToro beats profit estimates, targets US growth with TradeZero buy

Aug 11 (Reuters) - Trading platform eToro beat Wall Street estimates for second-quarter profit on Tuesday and said it would buy rival TradeZero in a cash-and-stock deal worth up to $231 million, as it looks to accelerate its expansion in the U.S.
Reuters Reuters
For McDonald's and rivals, cheap deals no longer do the trick

For McDonald's and rivals, cheap deals no longer do the trick

By Savyata Mishra and Waylon Cunningham Aug 11 (Reuters) - U.S. fast-food chains including McDonald's that spent the second quarter battling to pull in price-conscious diners discovered discounts alone were no longer enough to keep them coming back.
Reuters Reuters
Sportswear brand On misses quarterly sales view as consumers cut back

Sportswear brand On misses quarterly sales view as consumers cut back

Aug 11 (Reuters) - Sportswear brand On missed Wall Street estimates for second-quarter net sales on Tuesday, signaling pressure from a tougher consumer environment and higher costs from U.S. tariffs.
Reuters Reuters
Oil prices settle up as Iran says Strait of Hormuz to stay shut

Oil prices settle up as Iran says Strait of Hormuz to stay shut

By Scott DiSavino Aug 11 (Reuters) - Oil prices edged up to a one-week high on Tuesday as doubts about a potential U.S.-Iran peace deal fueled concerns that Middle East supply disruptions would persist.  Brent futures rose $1.19, or 1.4%, to settle at $88.91 a barrel, while U.S.
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JPMorgan to keep Asia hiring pace after corporate bank growth tops 20%

JPMorgan to keep Asia hiring pace after corporate bank growth tops 20%

By Yantoultra Ngui and Rae Wee SINGAPORE, Aug 11 (Reuters) - JPMorgan Chase will continue hiring in Asia Pacific at a similar pace in 2027, after revenue at its corporate bank in the region grew by well above 20% this year, its regional heads told Reuters.
Reuters Reuters
Oil prices continue climb on US-Iran deal doubts; stocks retreat

Oil prices continue climb on US-Iran deal doubts; stocks retreat

By Chris Prentice and Amanda Cooper NEW YORK/LONDON, Aug 11 (Reuters) - Oil prices touched a one-week high on Tuesday and Wall Street finished lower as traders grew more pessimistic about a potential deal to bring stability to the Middle East and reopen the Strait of Hormuz.
Trendline Trendline
Vertiv to Expand Operations in Donegal, Creating 300 Jobs

Vertiv to Expand Operations in Donegal, Creating 300 Jobs

Vertiv to Expand Operations in Donegal, Creating 300 Jobs