Business

Exclusive-Brazil’s Azul sees $200 million fuel hit this year; restructuring to cushion blow

Friday, May 8 by SRN News

By Gabriel Araujo SAO PAULO, May 8 (Reuters) - Brazilian airline Azul expects a hit of about 1 billion reais ($204.15 million) from higher jet fuel prices this year, but believes it is better positioned than peers to absorb the impact after a recent restructuring,... Read More.

Colombia urges Glencore to discuss Cerrejon coal mine closure with local authorities

Friday, May 8 by SRN News

By Nelson Bocanegra BOGOTA, May 8 (Reuters) - Colombia's government on Friday said it will ask miner Glencore to meet with authorities in the northern province of La Guajira as well as community representatives to discuss the closure of the Cerrejon coal mine, one of... Read More.

Tesla recalls some Cybertrucks for wheel issue and more than 200,000 other cars for camera failure

Friday, May 8 by SRN News

Tesla is recalling 173 Cybertrucks because cracking in the rotor could cause the wheel stud to separate from the wheel hub, increasing the risk of a crash and injury. The recall includes model year 2024-2026 Cybertrucks with 18-inch steel wheels. In its report, the National... Read More.

Google settles racial discrimination lawsuit for $50 million

Friday, May 8 by SRN News

Google has reached a settlement with Black employees who alleged systemic racial disparities in hiring, pay, and advancement in a lawsuit filed in 2022. April Curley, a former Google employee, had sued the tech giant for racial discrimination, saying it engages in a "pattern... Read More.

US employers defy economic shock from Iran war and add a surprisingly strong 115,000 jobs in April

Friday, May 8 by SRN News

WASHINGTON (AP) - America's employers delivered a surprising 115,000 new jobs last month despite an economic shock from the Iran war. Hiring beat the 65,000 jobs forecasters had expected, though it decelerated from the 185,000 jobs created in March. The unemployment rate remained at a... Read More.

Bank of America taps tech dealmaker Richard Hardegree as vice chair of M&A, memo shows

Friday, May 8 by SRN News

May 8 (Reuters) - Bank of America has hired UBS investment banker Richard Hardegree to serve as the Wall Street titan's vice chair of mergers and acquisitions, according to an internal memo seen by Reuters on Friday. Hardegree, who brings more than 30 years... Read More.

Fed’s Goolsbee tells CNBC that job market is holding in

Friday, May 8 by SRN News

May 8 (Reuters) - Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday that April hiring data shows more stability in the employment sector amid worrisome developments on the inflation front. The job market has been "stable without being good" and "I still... Read More.

Goldman Sachs’ private credit fund cuts value by 3.7%

Friday, May 8 by SRN News

By Matt Tracy May 8 (Reuters) - Goldman Sachs reported a decline in its private credit fund's value for the first quarter, as it saw an increase in unrealized losses and mark-downs in its portfolio, the fund said Friday. Investors have taken a closer look at... Read More.

Jane Street posts big jump in trading revenue for first quarter, with $16.1 billion haul, sources say

Friday, May 8 by SRN News

By Anirban Sen NEW YORK, May 8 (Reuters) - Jane Street reported a big surge in trading profits during the first quarter, as the Wall Street market maker generated net revenues of $16.1 billion, according to people familiar with the matter. (Reporting by Anirban Sen in... Read More.

US says it will revert to higher tariffs on EU goods if Brussels misses July 4 deadline

Friday, May 8 by SRN News

By Andrea Shalal WASHINGTON, May 8 (Reuters) - The U.S. will revert to higher tariffs on European Union goods if Brussels fails to implement trade deal commitments before a July 4 deadline, U.S. Trade Representative Jamieson Greer said on Friday. Greer, speaking on Fox Business Network's... Read More.

Current Weather

Exclusive-Brazil’s Azul sees $200 million fuel hit this year; restructuring to cushion blow

Colombia urges Glencore to discuss Cerrejon coal mine closure with local authorities

Tesla recalls some Cybertrucks for wheel issue and more than 200,000 other cars for camera failure

Google settles racial discrimination lawsuit for $50 million

US employers defy economic shock from Iran war and add a surprisingly strong 115,000 jobs in April

Bank of America taps tech dealmaker Richard Hardegree as vice chair of M&A, memo shows

Fed’s Goolsbee tells CNBC that job market is holding in

Goldman Sachs’ private credit fund cuts value by 3.7%

Jane Street posts big jump in trading revenue for first quarter, with $16.1 billion haul, sources say

US says it will revert to higher tariffs on EU goods if Brussels misses July 4 deadline

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