Business

Trump meets with oil executives as Iran stalemate drags on, Axios reports

Wednesday, April 29 by SRN News

April 29 (Reuters) - U.S. President Donald Trump and his top officials met with oil and gas executives including Chevron CEO Mike Wirth at the White House on Tuesday to discuss the energy fallout of the Iran war and other topics, Axios reported on... Read More.

Eli Lilly investors are eager for Foundayo insight after early launch data

Wednesday, April 29 by SRN News

By Chris Prentice and Mariam Sunny April 29 (Reuters) - Eli Lilly investors will be searching for something they won't find in any first-quarter financial figures reported on Thursday: insight into the launch of weight-loss pill Foundayo. U.S. sales of the hotly anticipated obesity offering, a... Read More.

Inside SpaceX’s IPO: Musk’s most ambitious plan yet

Wednesday, April 29 by SRN News

By David Jeans and Echo Wang NEW YORK, April 29 (Reuters) - In the days after the PayPal IPO in 2002, Elon Musk and company executives gathered at a Las Vegas casino to celebrate. But while others socialized by the pool, Musk was hunched over... Read More.

Powell’s tenure as Fed chief, bookended by Trump, draws to a close

Wednesday, April 29 by SRN News

By Howard Schneider WASHINGTON, April 29 (Reuters) - On a chilly spring day in 2017, Jerome Powell made a six-hour round trip by car through heavy mountain fog from Washington to West Virginia University for an evening talk with students about Federal Reserve history and... Read More.

Fed likely to hold rates steady at what may be last meeting of Powell era

Wednesday, April 29 by SRN News

By Howard Schneider WASHINGTON, April 29 (Reuters) - The Federal Reserve is expected to hold interest rates steady on Wednesday as officials debate whether to flag risks of rising inflation in a policy statement issued after what may be Jerome Powell's final meeting as head... Read More.

EU says Meta is failing to keep underage users off Facebook and Instagram

Wednesday, April 29 by SRN News

LONDON (AP) - The European Union accused Meta on Wednesday of failing to stop underage users from accessing Facebook and Instagram, in violation of the bloc's tough digital rules that require social media sites to protect minors. The EU's executive branch said Meta Platforms... Read More.

Adidas reports first-quarter operating profit above expectations

Wednesday, April 29 by SRN News

April 29 (Reuters) - Germany's Adidas on Wednesday reported better-than-expected operating profit in the first quarter, helped by strong demand despite what CEO Bjorn Gulden described as a "very volatile and heavily discounted" retail environment, especially in sneakers. Group net sales rose 14% currency-neutral to... Read More.

Mercedes quarterly profit slumps as China, tariffs weigh

Wednesday, April 29 by SRN News

By Rachel More BERLIN, April 29 (Reuters) - Mercedes-Benz reported a sharp drop in first-quarter operating profit but beat forecasts on Wednesday, as the German premium carmaker battles to shore up dwindling margins and revive weak demand in key markets like China. The automaker reported earnings... Read More.

Kone to buy rival TK Elevator in $34.4 billion deal

Wednesday, April 29 by SRN News

HELSINKI, April 29 (Reuters) - Finnish lift maker Kone said on Wednesday it had agreed to buy its German rival TK Elevator in a transaction valued at 29.4 billion euros ($34.40 billion), which would create the world's largest lift maker. The deal with private... Read More.

Dollar firms as investors brace for Fed decision in face of war

Wednesday, April 29 by SRN News

By Rae Wee SINGAPORE, April 29 (Reuters) - The dollar edged higher on Wednesday as investors awaited a closely watched Federal Reserve rate decision in what was likely to be Chair Jerome Powell's swan song against a backdrop of war in the Middle East that... Read More.

Current Weather

Trump meets with oil executives as Iran stalemate drags on, Axios reports

Eli Lilly investors are eager for Foundayo insight after early launch data

Inside SpaceX’s IPO: Musk’s most ambitious plan yet

Powell’s tenure as Fed chief, bookended by Trump, draws to a close

Fed likely to hold rates steady at what may be last meeting of Powell era

EU says Meta is failing to keep underage users off Facebook and Instagram

Adidas reports first-quarter operating profit above expectations

Mercedes quarterly profit slumps as China, tariffs weigh

Kone to buy rival TK Elevator in $34.4 billion deal

Dollar firms as investors brace for Fed decision in face of war

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