Business

Rate-hike expectations rise on Warsh speech at Jackson Hole

Friday, August 28 by SRN News

NEW YORK, Aug 28 (Reuters) - The Federal Reserve will "have work to do" if policymakers are not confident that underlying inflation is returning to its 2% target, Chair Kevin Warsh said on Friday in remarks that marked the closest he has come to... Read More.

US targets Egyptian bank’s UAE branches under new push for Iran’s economic isolation

Friday, August 28 by SRN News

WASHINGTON (AP) - The Trump administration is taking steps to limit an Egyptian bank's operations in the United Arab Emirates, accusing the financial institution of serving as an economic lifeline to Tehran's leadership as the U.S. war against Iran reaches the six-month mark. Under... Read More.

Four South American nations sign strategic minerals pact

Friday, August 28 by SRN News

SANTIAGO, Aug 28 (Reuters) - Chile, Argentina, Bolivia and Peru signed a joint declaration on Friday to deepen cooperation on strategic minerals, aiming to boost development, coordination and investment as the four South American producers seek to position the region as a reliable global... Read More.

Jobs report, Broadcom results pose next hurdles for stock market rally

Friday, August 28 by SRN News

By Lewis Krauskopf NEW YORK, Aug 28 (Reuters) - A fresh look at the U.S. labor market in the coming week along with quarterly results from semiconductor company Broadcom will test a market rally that has lifted stocks near record highs. The S&P 500 was on... Read More.

PayPal shares fall after report Advent, Stripe consortium abandons takeover pursuit

Friday, August 28 by SRN News

Aug 28 (Reuters) - PayPal shares slumped 13% in premarket trading on Friday, after Bloomberg News reported that a consortium of buyout firm Advent and payment processor Stripe had abandoned its pursuit of the fintech pioneer. Stripe and private-equity firm Advent International made a $60.50-per-share... Read More.

Analysis-Iran war drives US transport fuel surcharges, but also industry profits

Friday, August 28 by SRN News

By Lisa Baertlein LOS ANGELES, Aug 28 (Reuters) - U.S. retailers, manufacturers and small businesses are paying hefty fuel surcharges to ship their goods, not only as the U.S.-Israeli war on Iran boosts fuel costs but also as some shippers profit from the fees. The charges... Read More.

Success after a century of failures: Inside Moderna and Merck’s cancer vaccine breakthrough

Friday, August 28 by SRN News

By Michael Erman and Julie Steenhuysen Aug 28 (Reuters) - Stephane Bancel, CEO of Moderna, was at a Lebanese restaurant celebrating a friend's birthday late on August 13 when he got the call. An mRNA cancer vaccine the company had been developing with Merck had hit... Read More.

Morning Bid: Six months and counting

Friday, August 28 by SRN News

By Anna Szymanski Aug 28 (Reuters) - From the Editor U.S. President Donald Trump originally said the Iran war would last four to five weeks, but we're now hitting the six-month mark. What remains most surprising is the resilience of financial markets in the face... Read More.

Dispute over cheese names causes stumbling block in US-Mexico trade negotiations

Friday, August 28 by SRN News

By Sarah Morland and Emily Green MEXICO CITY, Aug 28 (Reuters) - What's in a cheese name? That question has become a sticking point in U.S.-Mexico trade talks, according to two Mexican government sources who spoke on condition of anonymity because, no matter how you slice... Read More.

Japan spent record $96.5 billion to support yen over past month, ministry data shows

Friday, August 28 by SRN News

By Kevin Buckland TOKYO, Aug 28 (Reuters) - Japanese authorities spent a record 15.4 trillion yen ($96.5 billion) intervening in foreign exchange markets over the past month to support the local currency, Finance Ministry data showed on Friday. The size of the intervention shows the level... Read More.

Current Weather

Rate-hike expectations rise on Warsh speech at Jackson Hole

US targets Egyptian bank’s UAE branches under new push for Iran’s economic isolation

Four South American nations sign strategic minerals pact

Jobs report, Broadcom results pose next hurdles for stock market rally

PayPal shares fall after report Advent, Stripe consortium abandons takeover pursuit

Analysis-Iran war drives US transport fuel surcharges, but also industry profits

Success after a century of failures: Inside Moderna and Merck’s cancer vaccine breakthrough

Morning Bid: Six months and counting

Dispute over cheese names causes stumbling block in US-Mexico trade negotiations

Japan spent record $96.5 billion to support yen over past month, ministry data shows

On Air Now

Noble McIntyre LEGAL TALK

On Air Next

Steve Moore

Political News

New term gives US Supreme Court’s Thomas and Alito more chances to wield power

Trump To Name Jay Clayton As AI Czar

Trump Speaks To Supporters In Alabama

Trump push to end US clock switching hits dead end

Kennedy Center Honors to be held at Capital One Arena amid demolition fight