Business

Wall St slips at open as US-Iran tensions unsettle investors

Monday, May 4 by SRN News

May 4 (Reuters) - Wall Street's main indexes slipped after market open on Monday as heightened investor anxiety over the Middle East conflict tempered the optimism from last week's earnings. The Dow Jones Industrial Average fell 82.6 points, or 0.17%, at the open to 49,416.66.... Read More.

US factory orders rise more than expected in March

Monday, May 4 by SRN News

May 4 (Reuters) - New orders for U.S. factory goods rose more than expected in March, led by surging demand for electronics products amid the artificial intelligence investment boom. Factory orders were up 1.5% on the month, the biggest gain since November, from an upwardly... Read More.

Exclusive-Power suppliers hesitate as Venezuela seeks grid repairs without payment guarantees

Monday, May 4 by SRN News

By Marianna Parraga, Mircely Guanipa and Mariela Nava PUNTO FIJO/MARACAIBO, May 4 (Reuters) - When potential providers and financiers for Venezuela's electric industry, including Siemens Energy and GE Vernova, held meetings with officials in Caracas in April, questions of how they might get paid... Read More.

Argentina’s Milei restores press access to presidency after a ban sparks backlash

Monday, May 4 by SRN News

BUENOS AIRES, Argentina (AP) - President Javier Milei of Argentina restored journalists' access to his government headquarters on Monday, more than a week after his decision to block credentialed reporters from the building - accompanied by a volley of online insults - triggered backlash... Read More.

Spirit Airlines says it has no choice but to liquidate operations

Monday, May 4 by SRN News

WASHINGTON, May 4 (Reuters) - Bankrupt discount carrier Spirit Airlines, which ceased operations on Saturday, told a U.S. bankruptcy court it had no choice but to end operations. "Having fought valiantly for months to reorganize, and having all but succeeded, (Spirit is) left with no... Read More.

Analysis-Cost gap drives some US borrowers from private credit to bank-led syndicated loans

Monday, May 4 by SRN News

By Saeed Azhar and Matt Tracy NEW YORK, May 4 (Reuters) - Signs of turmoil in private credit are pushing some borrowers to the syndicated loans market, which is proving to be significantly cheaper even as banks press highly leveraged companies to cut debt.... Read More.

Global equity funds attract inflows for sixth week on earnings optimism

Monday, May 4 by SRN News

May 4 (Reuters) - Global equity funds drew inflows for a sixth straight week through April 29, as optimism over strong first-quarter earnings outweighed investor concerns about the Middle East conflict and higher oil prices. According to LSEG Lipper data, global... Read More.

UAE says it is discussing currency swap line with US

Monday, May 4 by SRN News

By Federico Maccioni ABU DHABI, May 4 (Reuters) - The United Arab Emirates is discussing a currency swap line with the United States, its trade minister said on Monday. "We have this discussion and conversation with many, it's part of an elite group that the U.S.... Read More.

Morning Bid: Strait talk

Monday, May 4 by SRN News

By Anna Szymanski May 4 (Reuters) - What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest Oil prices spiked by around 5% on Monday after Iran said it had turned back a U.S. warship trying to enter the Strait of... Read More.

Tyson Foods profit beats estimates on strength in chicken business

Monday, May 4 by SRN News

May 4 (Reuters) - Tyson Foods reported better-than-expected quarterly earnings on Monday, as rising chicken sales helped counter a sharp drop in demand for high-priced beef. Shares of the company, which houses brands such as Ball Park and Hillshire Farm, were up about 2% in... Read More.

Current Weather

Wall St slips at open as US-Iran tensions unsettle investors

US factory orders rise more than expected in March

Exclusive-Power suppliers hesitate as Venezuela seeks grid repairs without payment guarantees

Argentina’s Milei restores press access to presidency after a ban sparks backlash

Spirit Airlines says it has no choice but to liquidate operations

Analysis-Cost gap drives some US borrowers from private credit to bank-led syndicated loans

Global equity funds attract inflows for sixth week on earnings optimism

UAE says it is discussing currency swap line with US

Morning Bid: Strait talk

Tyson Foods profit beats estimates on strength in chicken business

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