Business

FAA orders crack inspections for hundreds of Boeing 737 Max jets

Friday, August 7 by SRN News

CHICAGO (AP) - The Federal Aviation Administration this week ordered inspections for hundreds of Boeing planes, following reports of cracks in some older models. The now-finalized rule, which was unveiled Thursday and kicks in Sept. 10, applies to certain aircraft under three Boeing 737 Max... Read More.

Volkswagen to overhaul US strategy with planned pick-up truck, source says

Friday, August 7 by SRN News

By Christina Amann BERLIN, Aug 7 (Reuters) - German auto group Volkswagen plans to overhaul its U.S. strategy with new management and a revised product offering, including a new pickup truck, a company source told Reuters on Friday. Marco Schubert, previously head of sales at Volkswagen's... Read More.

S&P, Nasdaq open higher as surprise payrolls fall quells rate-hike fears

Friday, August 7 by SRN News

Aug 7 (Reuters) - The S&P 500 and the Nasdaq opened higher on Friday after data showed the U.S. economy unexpectedly shed jobs last month, raising doubts about a September interest-rate hike by the Federal Reserve. The Dow Jones Industrial Average fell 35.8 points, or... Read More.

Soft July jobs report fuels skepticism over possible Fed rate hike

Friday, August 7 by SRN News

NEW YORK, Aug 7 (Reuters) - The U.S. economy unexpectedly shed jobs in July and nonfarm payrolls for the prior month were revised sharply lower, potentially raising questions about whether the Federal Reserve will increase interest rates next month. Nonfarm payrolls decreased by 23,000 jobs... Read More.

How the Iran-backed Houthis’ claims of deadly attacks are stoking fears of a wider regional conflict

Friday, August 7 by SRN News

CAIRO (AP) - Yemen's Iran-backed Houthi rebels claimed responsibility for a series of deadly attacks this week, escalating the conflict between them and Saudi-backed Yemeni forces and raising fears of a wider regional conflagration. The attacks have killed dozens of civilians and troops and also... Read More.

Meat packer JBS agrees joint venture with Indonesian wealth fund arm

Friday, August 7 by SRN News

SAO PAULO, Aug 7 (Reuters) - Brazilian meat packer JBS has agreed a joint venture with PT Danantara (DIM), an arm of Indonesia's sovereign wealth fund, to pursue investments in protein production across Indonesia, Southeast Asia, Australia and New Zealand, it said on Friday. The... Read More.

Japan’s yen surges after US jobs data, traders wary of intervention risk

Friday, August 7 by SRN News

LONDON, Aug 7 (Reuters) - The yen jumped suddenly against the dollar again on Friday after a surprisingly weak U.S. employment report, with traders alert to the prospect of intervention just a few days after Japanese and U.S. authorities jointly stepped into the foreign... Read More.

Under Armour forecasts steeper annual sales decline on weak North America demand

Friday, August 7 by SRN News

Aug 7 (Reuters) - Under Armour on Friday forecast a steeper annual revenue decline, underscoring the challenge of reviving growth as cautious consumers rein in spending on athletic apparel amid economic uncertainty in its key North American market. Persistent inflation and a softer consumer spending... Read More.

US rate futures cut chances of September rate hike after jobs data

Friday, August 7 by SRN News

NEW YORK, Aug 7 (Reuters) - U.S. interest rate futures on Friday reduced the chances that the Federal Reserve will raise interest rates at next month's policy meeting after an unexpected decline in U.S. nonfarm payrolls for July. The rate futures market has now priced... Read More.

US nonfarm payrolls fall in July; unemployment rate eases to 4.1%

Friday, August 7 by SRN News

By Lucia Mutikani WASHINGTON, Aug 7 (Reuters) - The U.S. economy unexpectedly shed jobs in July and nonfarm payrolls for the prior month were revised sharply lower, potentially raising questions about whether the Federal Reserve will increase interest rates next month. Nonfarm payrolls decreased by 23,000... Read More.

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Current Weather

FAA orders crack inspections for hundreds of Boeing 737 Max jets

Volkswagen to overhaul US strategy with planned pick-up truck, source says

S&P, Nasdaq open higher as surprise payrolls fall quells rate-hike fears

Soft July jobs report fuels skepticism over possible Fed rate hike

How the Iran-backed Houthis’ claims of deadly attacks are stoking fears of a wider regional conflict

Meat packer JBS agrees joint venture with Indonesian wealth fund arm

Japan’s yen surges after US jobs data, traders wary of intervention risk

Under Armour forecasts steeper annual sales decline on weak North America demand

US rate futures cut chances of September rate hike after jobs data

US nonfarm payrolls fall in July; unemployment rate eases to 4.1%

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