Business

NY Fed finds stability in longer-run inflation views in April

Thursday, May 7 by SRN News

By Michael S. Derby May 7 (Reuters) - Americans were unworried at the prospect of a broader inflation breakout in April despite rising price pressures driven by war in the Middle East, a survey released by the Federal Reserve Bank of New York said on... Read More.

Cofounder of British fashion brand Superdry sentenced to 8 years in prison for rape

Thursday, May 7 by SRN News

LONDON (AP) - The cofounder of the British fashion brand Superdry was sentenced Thursday to eight years in prison for raping a woman following a night of drinking. James Holder, 54, was found guilty by a jury in Gloucester Crown Court in the west of... Read More.

US long-term mortgage rate bounce back to levels seen 4 weeks ago

Thursday, May 7 by SRN News

The average long-term U.S. mortgage rate rose again this week, reflecting ongoing bond market volatility as surging oil prices due to the war with Iran heighten inflation worries. The benchmark 30-year fixed rate mortgage rate rose to 6.37% from 6.3% last week, mortgage buyer Freddie... Read More.

S&P 500, Nasdaq touch fresh peaks as oil retreats further

Thursday, May 7 by SRN News

May 7 (Reuters) - The S&P 500 and the Nasdaq touched record highs on Thursday as oil prices plunged further on hopes of a U.S.-Iran peace agreement that could potentially normalize crude supplies through the Strait of Hormuz. At 09:30 a.m. ET, the Dow Jones... Read More.

These numbers show the global impact of Iran’s grip on the Strait of Hormuz

Thursday, May 7 by SRN News

Iran's grip on the Strait of Hormuz has jolted the world economy, causing a spike in fuel prices that has rippled through other sectors with effects far beyond the Middle East. It has also left tens of thousands of mariners and hundreds of ships... Read More.

One Tech Tip: Why digital devices and online accounts need spring cleaning

Thursday, May 7 by SRN News

If the spring season has brought an urge to scrub your living space from top to bottom, why not clear out the digital detritus cluttering your electronic devices and online accounts at the same time? Carrying out the digital equivalent of spring cleaning a... Read More.

US productivity slows further in first quarter

Thursday, May 7 by SRN News

WASHINGTON, May 7 (Reuters) - U.S. worker productivity growth slowed further in the first quarter, but a reversal was likely as businesses invest heavily in artificial intelligence. Nonfarm productivity, which measures hourly output per worker, increased at 0.8% annualized rate last quarter, the Labor Department's... Read More.

Cheniere flags earnings pressure from Middle East disruptions after Q1 loss

Thursday, May 7 by SRN News

May 7 (Reuters) - Cheniere Energy warned that shipping disruptions tied to the Middle East conflict could tighten global gas supply and keep prices volatile, further pressuring the U.S. LNG producer's earnings and cash flow after it swung to a steep quarterly loss. Shares slumped... Read More.

FDA’s new playbook: Lots of media announcements but not much rulemaking

Thursday, May 7 by SRN News

WASHINGTON (AP) - In one of his first major announcements as health secretary, Robert F. Kennedy Jr. called a news conference to unveil a plan to "phase out" synthetic food dyes. Food and Drug Administration Commissioner Marty Makary opened the event by saying his agency... Read More.

Wall Street banks plan final push on capital rules

Thursday, May 7 by SRN News

By Pete Schroeder WASHINGTON, May 7 (Reuters) - Wall Street banks will push again to shrink capital charges on credit card lines and globally important U.S. lenders as they make a final bid to win further capital relief before the U.S. November election, said four... Read More.

Current Weather

NY Fed finds stability in longer-run inflation views in April

Cofounder of British fashion brand Superdry sentenced to 8 years in prison for rape

US long-term mortgage rate bounce back to levels seen 4 weeks ago

S&P 500, Nasdaq touch fresh peaks as oil retreats further

These numbers show the global impact of Iran’s grip on the Strait of Hormuz

One Tech Tip: Why digital devices and online accounts need spring cleaning

US productivity slows further in first quarter

Cheniere flags earnings pressure from Middle East disruptions after Q1 loss

FDA’s new playbook: Lots of media announcements but not much rulemaking

Wall Street banks plan final push on capital rules

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