Business

Morning Bid: Markets in uneasy calm as inflation fears take root

Tuesday, May 19 by SRN News

A look at the day ahead in European and global markets from Rae Wee Market sentiment remained fragile on Tuesday even after U.S. President Donald Trump claimed he had paused a planned attack against Iran and that there was now a "very good chance" of... Read More.

Analysis-Investors see no let-up in bond market strain

Tuesday, May 19 by SRN News

By Gertrude Chavez-Dreyfuss NEW YORK, May 19 (Reuters) - The latest sharp selloff in U.S. Treasuries may be far from over. A combination of stubborn inflation, shifting expectations about interest rates, and changes in investor behavior could keep pressure on bond prices and drive yields even... Read More.

Hearings to focus on why a UPS cargo plane engine fell off, causing deadly crash

Tuesday, May 19 by SRN News

Federal safety investigators will hold hearings this week examining why the engine flew off a UPS cargo plane last year, causing a crash that killed 15 people, and why Boeing didn't address the underlying flaw sooner. The engine separated from the MD-11's wing as... Read More.

OpenAI avoided a costly court loss to Elon Musk, but neither side is unscathed

Tuesday, May 19 by SRN News

OAKLAND, Calif. (AP) - After prevailing in its court fight with Elon Musk, OpenAI - the ChatGPT maker valued at $852 billion - remains on track for what could be one of the largest initial public offerings in history. Musk had been seeking the ouster... Read More.

Asian shares trade mixed and Kospi falls nearly 4% as oil prices keep swinging

Tuesday, May 19 by SRN News

TOKYO (AP) - Asian shares were mixed Tuesday as uncertainty about what will happen with the Iran war roiled global markets. Japan's benchmark Nikkei 225 lost 0.6% in morning trading to 60,433.79, erasing initial gains after the government reported that the economy grew for... Read More.

Japan, China lead declines in foreign holdings of Treasuries in March, data shows

Monday, May 18 by SRN News

NEW YORK, May 18 (Reuters) - Foreign holdings of U.S. Treasuries slid in March, data from the Treasury Department showed on Monday, led by declines in holdings from Japan and China. Holdings of U.S. Treasuries slipped 1.5% to $9.348 trillion from a record peak of... Read More.

BP fails to reach deal with union as Indiana refinery lockout drags on

Monday, May 18 by SRN News

By Nicole Jao NEW YORK, May 18 (Reuters) - BP and union leaders resumed labor contract negotiations for workers at the Whiting, Indiana, oil refinery on Monday with no agreement yet, as a lockout entered its third month this week. Some 800 workers at the 440,000-barrel-per-day... Read More.

Explainer-What do China’s new US farm purchases mean for global trade?

Monday, May 18 by SRN News

By Ella Cao and Naveen Thukral BEIJING/SINGAPORE, May 18 (Reuters) - China has committed to buying at least $17 billion of U.S. agricultural products annually in addition to soybeans for three years, the White House said on Sunday, after a summit of the two countries'... Read More.

Oil falls over 2% as Trump says he holds off scheduled attack on Iran

Monday, May 18 by SRN News

By Anmol Choubey May 19 (Reuters) - Oil prices fell more than 2% in early Asian trade on Tuesday after U.S. President Donald Trump said he had paused a planned attack on Iran to allow for negotiations to end the war in the Middle East.... Read More.

Australia’s farmers, hit by Iran war costs and dry weather, grow less wheat

Monday, May 18 by SRN News

By Peter Hobson BROCKLESBY, Australia, May 19 (Reuters) - Justin Everitt is planting 50% less wheat this year than he thought he would. Standing in muddy brown boots and jeans by his tractor and 11-metre-wide (36-foot-wide) seeding rig in a bare field, the 44-year-old said... Read More.

Current Weather

Morning Bid: Markets in uneasy calm as inflation fears take root

Analysis-Investors see no let-up in bond market strain

Hearings to focus on why a UPS cargo plane engine fell off, causing deadly crash

OpenAI avoided a costly court loss to Elon Musk, but neither side is unscathed

Asian shares trade mixed and Kospi falls nearly 4% as oil prices keep swinging

Japan, China lead declines in foreign holdings of Treasuries in March, data shows

BP fails to reach deal with union as Indiana refinery lockout drags on

Explainer-What do China’s new US farm purchases mean for global trade?

Oil falls over 2% as Trump says he holds off scheduled attack on Iran

Australia’s farmers, hit by Iran war costs and dry weather, grow less wheat

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