Business

Nasdaq, S&P 500 end lower on renewed AI growth worries ahead of big tech earnings

Tuesday, April 28 by SRN News

By Stephen Culp and Niket Nishant NEW YORK, April 28 (Reuters) - U.S. stocks closed lower on Tuesday, backing away from record closing highs as renewed concerns over the artificial intelligence boom weighed on technology stocks days before five of the sector's most high-profile companies... Read More.

FCC orders early reviews of Disney-owned ABC stations

Tuesday, April 28 by SRN News

WASHINGTON, April 28 (Reuters) - The Federal Communications Commission on Tuesday ordered early license reviews of eight Disney-owned ABC stations in a major escalation of the Trump administration's battles with U.S. media outlets. The FCC said the reviews, which were not supposed to begin until... Read More.

US companies project resilience even as Iran war risks mount

Tuesday, April 28 by SRN News

By Arpan Varghese April 28 (Reuters) - Top American companies from GM to Coca-Cola are trying to reassure investors they can weather the financial fallout from the Iran war, even as surging fuel and packaging costs threaten margins. Oil prices have jumped since the start of... Read More.

Eni signs agreement to relaunch heavy oil project in Venezuela

Tuesday, April 28 by SRN News

By Vivian Sequera and Marianna Parraga CARACAS, April 28 (Reuters) - Italy's energy producer Eni on Tuesday signed an agreement with Venezuela's oil ministry and state-run oil company PDVSA to relaunch a heavy crude project in the Orinoco Belt, the company and government officials said. PDVSA's... Read More.

Decision by the UAE to leave OPEC shakes up alliance that influences oil prices worldwide

Tuesday, April 28 by SRN News

FRANKFURT, Germany (AP) - The decision by the United Arab Emirates to leave the OPEC oil cartel shook up the 65-year-old alliance that produces some 40% of the world's crude oil and exerts major influence over the price of energy around the globe. Following its... Read More.

Blue Owl adviser sued over allegedly inflating fund values, charging excessive fees

Tuesday, April 28 by SRN News

LONDON, April 28 (Reuters) - An investor in one of Blue Owl Capital's private credit funds has filed a suit in New York accusing the company's investment adviser of breaching its fiduciary duties by inflating the value of one of its funds to extract... Read More.

Athletics-Adidas innovation underpins Sawe’s historic sub‑two marathon in London

Tuesday, April 28 by SRN News

By Louisa Off, Anja Guder and Lori Ewing LONDON, April 28 (Reuters) - Kite-surfing fabrics, car tyres and shortened shoelaces helped Kenyan Sabastian Sawe and Adidas crack the two‑hour marathon barrier. When Sawe shattered one of athletics' most elusive barriers in storming to victory at the... Read More.

US pump prices near 4-year high on Iran war disruption, refinery outages

Tuesday, April 28 by SRN News

By Nicole Jao NEW YORK, April 28 (Reuters) - The average U.S. gasoline price rose to its highest level in nearly four years after the U.S. and Israel attacked Iran at the end of February, according to data from the American Automobile Association. Average prices at... Read More.

HSBC turns bullish on US equities citing earnings momentum

Tuesday, April 28 by SRN News

By Joel Jose and Akriti Shah April 28 (Reuters) - HSBC on Tuesday upgraded its stance on U.S. equities to "overweight" from "neutral, as earnings momentum and easing geopolitical risks turned the narrative back towards fundamentals. The British brokerage, however, downgraded Europe ex-UK... Read More.

JPMorgan CEO says not worried about inflation, risks remain of higher prices

Tuesday, April 28 by SRN News

April 28 (Reuters) - JPMorgan Chase CEO Jamie Dimon said on Tuesday he is not worried about inflation, but added among the worst-case scenarios for the economy is the risk of stagflation. "The worst case is stagflation, and I just wouldn't take it off the... Read More.

Current Weather

Nasdaq, S&P 500 end lower on renewed AI growth worries ahead of big tech earnings

FCC orders early reviews of Disney-owned ABC stations

US companies project resilience even as Iran war risks mount

Eni signs agreement to relaunch heavy oil project in Venezuela

Decision by the UAE to leave OPEC shakes up alliance that influences oil prices worldwide

Blue Owl adviser sued over allegedly inflating fund values, charging excessive fees

Athletics-Adidas innovation underpins Sawe’s historic sub‑two marathon in London

US pump prices near 4-year high on Iran war disruption, refinery outages

HSBC turns bullish on US equities citing earnings momentum

JPMorgan CEO says not worried about inflation, risks remain of higher prices

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