Business

Global debt hits record of near $353 trillion, with signs of move away from US

Wednesday, May 6 by SRN News

By Karin Strohecker LONDON, May 6 (Reuters) - Investors are showing signs of diversifying away from U.S. Treasuries as global debt levels hit a record of nearly $353 trillion by end-March, a report by the Institute of International Finance published on Wednesday found. IIF's quarterly Global... Read More.

NextDecade sees Middle East conflict boosting long-term LNG ship charters

Wednesday, May 6 by SRN News

By Curtis Williams HOUSTON, May 6 (Reuters) - Ongoing conflict in the Middle East and other disruptions will lead to more companies hiring LNG ships under long-term contracts rather than on the spot market, NextDecade shipping vice president Peter Fitzpatrick said on Wednesday at an... Read More.

Rutgers University withdraws invite to a graduation speaker over his criticism of Israel

Wednesday, May 6 by SRN News

NEW YORK (AP) - Rutgers University has canceled a planned graduation speech by business leader Rami Elghandour after some students raised concerns about his criticism of Israel on social media. Elghandour, the CEO of biotech company Arcellx and an alumnus of the New Jersey university,... Read More.

CNN founder Ted Turner, a brash and outspoken television pioneer, dies at age 87

Wednesday, May 6 by SRN News

NEW YORK (AP) - Ted Turner, a brash television pioneer who raced yachts, owned huge chunks of the American West and transformed the news business by launching CNN and introducing the 24-hour cable news cycle, died Wednesday. He was 87. Turner died surrounded by his... Read More.

Lower-income Americans hit hardest by gas price spike, widening inequalities, study finds

Wednesday, May 6 by SRN News

WASHINGTON (AP) - Lower-income Americans sharply reduced their gas consumption in the month following the Iran war, yet spiking prices still forced them to spend more at the pump, worsening the economy's economic disparities, new research released Wednesday showed. Higher-income households, meanwhile, ratcheted up... Read More.

Why gasoline costs 52% more in the US than it did before the Iran war

Wednesday, May 6 by SRN News

NEW YORK (AP) - The price of a gallon of regular gasoline in the U.S. climbed 31 cents in the past week, spiking to an average of $4.54 per gallon Wednesday, a price 52% higher than before the war with Iran began, according to... Read More.

Shipping firms are being whipsawed by changing stances and risks as they wait for Hormuz to reopen

Wednesday, May 6 by SRN News

NEW YORK (AP) - With hundreds of vessels still stuck in the Persian Gulf and costs piling up, shipping companies are being whipsawed by uncertainty over how and when the Strait of Hormuz might reopen more than two months into the Iran war. On Sunday,... Read More.

Fed’s Musalem: Risks have shifted towards higher inflation

Wednesday, May 6 by SRN News

By Howard Schneider WASHINGTON, May 6 (Reuters) - St. Louis Fed President Alberto Musalem said Wednesday the risks to monetary policy have shifted towards higher inflation, possibly requiring interest rates to stay on hold for some time amid a seemingly stable job market. "Inflation is... Read More.

NY Fed report finds gas price surge hitting lower incomes harder

Wednesday, May 6 by SRN News

By Michael S. Derby May 6 (Reuters) - Surging fuel costs tied to the Middle East war are putting mounting pressure on lower-income households while those better off financially have navigated the situation more easily, a report from the Federal Reserve Bank of New York... Read More.

India’s Zee sues Reliance-Disney over alleged music copyright breach

Wednesday, May 6 by SRN News

(Removes extraneous million next to $1 billion figure in paragraph 5) By Aditya Kalra NEW DELHI, May 6 (Reuters) - India's Zee Entertainment has sued the Reliance-Disney joint venture, the country's biggest entertainment company, alleging it used Zee's copyrighted music after licence agreements expired, court documents... Read More.

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Global debt hits record of near $353 trillion, with signs of move away from US

NextDecade sees Middle East conflict boosting long-term LNG ship charters

Rutgers University withdraws invite to a graduation speaker over his criticism of Israel

CNN founder Ted Turner, a brash and outspoken television pioneer, dies at age 87

Lower-income Americans hit hardest by gas price spike, widening inequalities, study finds

Why gasoline costs 52% more in the US than it did before the Iran war

Shipping firms are being whipsawed by changing stances and risks as they wait for Hormuz to reopen

Fed’s Musalem: Risks have shifted towards higher inflation

NY Fed report finds gas price surge hitting lower incomes harder

India’s Zee sues Reliance-Disney over alleged music copyright breach

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