Business

Porsche’s profit fell in first quarter as tariffs, Chinese market bite

Wednesday, April 29 by SRN News

BERLIN, April 29 (Reuters) - Porsche on Wednesday said its first-quarter profit fell by more than a fifth as auto markets remain challenging, piling further pressure on CEO Michael Leiters to cut costs and revive sales. Porsche has been hit by U.S. auto tariffs while... Read More.

US extends deadline on talks over Lukoil assets to May 30

Wednesday, April 29 by SRN News

By Timothy Gardner WASHINGTON, April 29 (Reuters) - The U.S. Treasury Department on Wednesday extended by about a month a deadline for energy companies to strike deals to buy foreign assets of Russia's second-largest oil producer Lukoil, according to a post on its website. The deadline... Read More.

US oil stocks plummet, country becomes net crude exporter on weekly basis for first time, EIA says

Wednesday, April 29 by SRN News

By Liz Hampton and Arathy Somasekhar DENVER, April 29 (Reuters) - U.S. oil stockpiles plunged last week as surging global demand amid the Iran war turned the United States into a net crude exporter on a weekly basis for the first time on record, the... Read More.

Uber moves toward becoming an ‘everything app’ with hotel bookings powered by Expedia

Wednesday, April 29 by SRN News

Uber is expanding into a different side of the travel business: hotels. The ride-hailing and delivery company said Wednesday that users of its app can now book hotel rooms. Uber is using hotel listings provided by Expedia Group, a booking service that works with 700,000... Read More.

Families of Canada school shooting victims sue OpenAI over shooter’s use of ChatGPT

Wednesday, April 29 by SRN News

The families of victims of a school shooting in a Canadian Rockies town are suing artificial intelligence company OpenAI in U.S. federal court, seeking to hold the ChatGPT maker responsible for failing to alert police to the shooter's alarming interactions with the chatbot. A lawsuit... Read More.

Avis Budget heads for sixth straight day of declines after quarterly loss

Wednesday, April 29 by SRN News

April 29 (Reuters) - Shares of Avis Budget were on track for a sixth straight session of declines on Wednesday after the car-rental firm reported a second consecutive quarterly loss and a major investor cut its stake in the company. The company's stock has... Read More.

Walmart opens third U.S. milk processing facility with $350 million investment

Wednesday, April 29 by SRN News

April 29 (Reuters) - Walmart has opened its third milk processing facility in the United States with a more than $350 million investment, it said on Wednesday, adding to a decade-long effort to bolster its perishables supply chain. The Robinson, Texas-based facility will process and... Read More.

Pershing Square USA’s shares indicated to open lower in NYSE debut

Wednesday, April 29 by SRN News

April 29 (Reuters) - Pershing Square USA's shares were indicated to open between $42.5 and $47.5 apiece in their New York Stock Exchange debut on Wednesday, compared with the initial public offering price of $50. (Reporting by Utkarsh Shetti in Bengaluru; Editing by Shilpi... Read More.

Bank of Canada holds rates, says changes will be small if forecasts hold true

Wednesday, April 29 by SRN News

By Promit Mukherjee and David Ljunggren OTTAWA, April 29 (Reuters) - The Bank of Canada kept its key interest rate unchanged on Wednesday as expected and said any changes in the rate could be small if its projections for the economy held true. But Governor Tiff... Read More.

Starbucks shares rise as Niccol-led turnaround draws customers back

Wednesday, April 29 by SRN News

By Akriti Shah and Juveria Tabassum April 29 - Starbucks shares rose 5% on Wednesday after the world's largest coffee chain raised its annual forecast, signaling that CEO Brian Niccol's turnaround plan was beginning to take hold. Niccol, who took over in September 2024, has been... Read More.

Current Weather

Porsche’s profit fell in first quarter as tariffs, Chinese market bite

US extends deadline on talks over Lukoil assets to May 30

US oil stocks plummet, country becomes net crude exporter on weekly basis for first time, EIA says

Uber moves toward becoming an ‘everything app’ with hotel bookings powered by Expedia

Families of Canada school shooting victims sue OpenAI over shooter’s use of ChatGPT

Avis Budget heads for sixth straight day of declines after quarterly loss

Walmart opens third U.S. milk processing facility with $350 million investment

Pershing Square USA’s shares indicated to open lower in NYSE debut

Bank of Canada holds rates, says changes will be small if forecasts hold true

Starbucks shares rise as Niccol-led turnaround draws customers back

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