Business

S&P 500 futures turn negative after April PPI data

Wednesday, May 13 by SRN News

May 13 (Reuters) - S&P 500 futures turned negative on Wednesday after data showed producer prices rose more than expected in April, reinforcing expectations that the Federal Reserve will keep interest rates unchanged this year. A Labor Department report showed the Producer Price Index stood... Read More.

Instant View: Hot April producer price number adds to inflation worries

Wednesday, May 13 by SRN News

NEW YORK, May 13 (Reuters) - U.S. producer prices increased more than expected in April, posting their biggest gain since early 2022, the latest indication that inflation was accelerating amid the war with Iran. The Producer Price Index for final demand surged 1.4% last... Read More.

JPMorgan executive open to talks with France’s far-right National Rally

Wednesday, May 13 by SRN News

By Mathieu Rosemain PARIS, May 13 (Reuters) - JPMorgan is open to engaging with France's far-right National Rally (RN) ahead of next year's presidential election, a senior regional executive at the U.S. bank said, as large companies reassess how they deal with a party gaining... Read More.

Tyson Foods sees spotty efforts to expand US cattle herd, CFO says

Wednesday, May 13 by SRN News

By Tom Polansek CHICAGO, May 13 (Reuters) - U.S. cattle producers are making spotty efforts to rebuild the nation's diminished herd and supplies will remain tight, Tyson Foods CFO Curt Calaway said on Wednesday, as low inventories have pushed beef prices to record highs. President Donald... Read More.

Exclusive-Pentagon strikes agreements with defense firms on containerized missiles

Wednesday, May 13 by SRN News

By Phil Stewart May 13 (Reuters) - The Pentagon is set to announce on Wednesday framework agreements that position it to potentially acquire over 10,000 low-cost, containerized missiles over three years starting in 2027. A statement seen by Reuters ahead of its release said that... Read More.

Turkey removes a restriction on direct trade with Armenia to improve ties

Wednesday, May 13 by SRN News

ANKARA, Turkey (AP) - Turkey removed a restriction on direct trade with Armenia on Wednesday in a symbolic gesture toward improved ties between the longtime rivals. Turkey and Armenia have no formal relations and their joint border has been closed since the 1990s. Relations between... Read More.

Malaysia says it can do little to stop Iranian-linked oil transfers near its water

Wednesday, May 13 by SRN News

KUALA LUMPUR, Malaysia (AP) - Malaysia's maritime agency says it has limited ability to stop Iranian-linked tankers from transferring oil to other ships off its coast, allowing Iran to skirt sanctions and drawing growing criticism. United Against Nuclear Iran, a U.S.-based advocacy group, says... Read More.

Volkswagen controlling families demand overhaul after dent to profit

Wednesday, May 13 by SRN News

By Rachel More BERLIN, May 13 (Reuters) - Volkswagen's controlling family shareholders piled pressure on the automaker to overhaul its business model on Wednesday after the German company's ongoing problems led to a drop in first-quarter profit at their holding group. Porsche SE, the holding company... Read More.

BYD in talks with Stellantis and others about taking over Europe plants, Bloomberg News reports

Wednesday, May 13 by SRN News

May 13 (Reuters) - BYD is negotiating with Stellantis and other European car makers to take over underused factories in the region, Bloomberg News reported on Wednesday, citing the Chinese company's top international executive. The world's largest seller of electric vehicles is discussing potential deals... Read More.

Nissan posts narrow profit for fiscal year, beats analysts’ estimates

Wednesday, May 13 by SRN News

YOKOHAMA, Japan, May 13 (Reuters) - Nissan on Wednesday reported an operating profit of 58.0 billion yen ($367.60 million) for the year that ended in March, as an improved cost performance and a one-off boost tied to U.S. emissions regulations offset a hit from... Read More.

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Current Weather

S&P 500 futures turn negative after April PPI data

Instant View: Hot April producer price number adds to inflation worries

JPMorgan executive open to talks with France’s far-right National Rally

Tyson Foods sees spotty efforts to expand US cattle herd, CFO says

Exclusive-Pentagon strikes agreements with defense firms on containerized missiles

Turkey removes a restriction on direct trade with Armenia to improve ties

Malaysia says it can do little to stop Iranian-linked oil transfers near its water

Volkswagen controlling families demand overhaul after dent to profit

BYD in talks with Stellantis and others about taking over Europe plants, Bloomberg News reports

Nissan posts narrow profit for fiscal year, beats analysts’ estimates

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