Business

US growth likely picked up in first quarter, but consumer spending probably cooled

Wednesday, April 29 by SRN News

By Lucia Mutikani WASHINGTON, April 30 (Reuters) - U.S. economic growth likely accelerated in the first quarter on a rebound in government spending after a crippling government shutdown, but the pickup is expected to be short-lived as the war with Iran drives up gasoline prices... Read More.

First Tesla Semi rolls off high volume production line

Wednesday, April 29 by SRN News

April 29 (Reuters) - Tesla said on Wednesday its first Semi truck has begun rolling off a high-volume production line as the electric vehicle maker remains on track to launch large-scale manufacturing of several new products in 2026. Here are the details: • "First Semi off... Read More.

Oil prices extend gains as US-Iran war deadlock keeps supply off market

Wednesday, April 29 by SRN News

By Colleen Howe BEIJING, April 30 (Reuters) - Oil prices extended gains on Thursday on concerns supply from the key Middle East producing region will remain bottled up for longer as talks to end the U.S.-Israeli war against Iran have deadlocked. Brent crude futures for... Read More.

Tech shares rise in Asia, bonds scarred by central bank hawks as oil spikes

Wednesday, April 29 by SRN News

By Stella Qiu SYDNEY, April 30 (Reuters) - AI-related shares fared well in Asia on Thursday after a raft of generally positive earnings reports, while surging oil prices left bonds battered as central banks turned more hawkish on inflation and interest rates. Investors feared the... Read More.

Dollar holds firm after Fed raises inflation alarm, yen slips past 160

Wednesday, April 29 by SRN News

(Corrects day in first paragraph) By Jiaxing Li HONG KONG, April 30 (Reuters) - The dollar hovered near its highest in more than two weeks on Thursday after some Federal Reserve policymakers turned hawkish, sending yields to a one-month top, while the Japanese yen's break above... Read More.

Spot crude premiums ease from record highs despite Hormuz closure

Wednesday, April 29 by SRN News

By Siyi Liu, Florence Tan and Seher Dareen SINGAPORE/LONDON, April 29 (Reuters) - Spot premiums for physical crude have slipped from record highs reached earlier during the Iran war as refiners are drawing on inventories and cutting back processing to cope with lost Middle East... Read More.

L3Harris confidentially files for missile unit IPO

Wednesday, April 29 by SRN News

April 29 (Reuters) - Defense supplier L3Harris said on Wednesday it has confidentially submitted a draft registration statement for the initial public offering (IPO) of its missile solutions business. The company said the number of shares to be offered and the price range for... Read More.

ASX names insider Darren Yip as interim CEO; shares rise

Wednesday, April 29 by SRN News

April 30 (Reuters) - Australian bourse operator ASX said on Thursday it has appointed insider Darren Yip as its interim chief executive officer, effective May 29. Yip, who joined ASX in 2023 and is currently its group executive for markets and listings, will take over... Read More.

Alphabet’s first-quarter profit soars as Google’s big AI bets help push stock to new highs

Wednesday, April 29 by SRN News

Google's transition into the era of artificial intelligence continued to pay off for its corporate parent, Alphabet Inc., which on Wednesday announced another quarter of the stellar growth that helped to more than double its already lofty market value during the past year. Alphabet earned... Read More.

Spirit Airlines says rescue hearing delayed as talks continue

Wednesday, April 29 by SRN News

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Current Weather

US growth likely picked up in first quarter, but consumer spending probably cooled

First Tesla Semi rolls off high volume production line

Oil prices extend gains as US-Iran war deadlock keeps supply off market

Tech shares rise in Asia, bonds scarred by central bank hawks as oil spikes

Dollar holds firm after Fed raises inflation alarm, yen slips past 160

Spot crude premiums ease from record highs despite Hormuz closure

L3Harris confidentially files for missile unit IPO

ASX names insider Darren Yip as interim CEO; shares rise

Alphabet’s first-quarter profit soars as Google’s big AI bets help push stock to new highs

Spirit Airlines says rescue hearing delayed as talks continue

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