Business

Dow names insider Karen Carter CEO as Fitterling moves to executive chair role

Tuesday, April 14 by SRN News

April 14 (Reuters) - Chemicals maker Dow named operations chief Karen Carter as its new CEO on Tuesday, handing the reins to a long-time insider as the company grapples with weak demand, restructuring and a sweeping overhaul of its global footprint. Carter will take over... Read More.

Citi profit jumps 42% as market volatility lifts trading revenue

Tuesday, April 14 by SRN News

By Tatiana Bautzer and Prakhar Srivastava April 14 (Reuters) - Citigroup's first-quarter profit rose 42% as geopolitical tensions fueled market volatility and trading revenue, while strong dealmaking buoyed investment banking fees. Trading desks benefited from heightened volatility across asset classes as the U.S.-Israeli war on... Read More.

CarMax posts quarterly loss on goodwill charge, weak used-car demand

Tuesday, April 14 by SRN News

April 14 (Reuters) - Used car retailer CarMax reported a fourth-quarter loss on Tuesday, hurt by a goodwill impairment charge and shrinking margins from used vehicles. Shares of the Richmond, Virginia-based company fell 6.8% in premarket trading. The used-car sector has struggled to move inventory... Read More.

Tesla leader believes Shanghai factory operations will play a role in robot mass production

Tuesday, April 14 by SRN News

SHANGHAI (AP) - A Tesla Inc. leader said Tuesday he believes its Shanghai factory operations will help resolve the challenges in achieving mass production of the company's humanoid robots as the U.S. electric vehicle giant pivots to robotics. Wang Hao, Tesla's vice president, said... Read More.

Trump promised tax relief, but polling shows most Americans still think they’re overpaying

Tuesday, April 14 by SRN News

WASHINGTON (AP) - Most Americans still think their taxes are too high, according to recent polls, even after last year's tax law fulfilled several of President Donald Trump's tax-related campaign promises. In fact, a new Fox News poll indicates people are more upset about... Read More.

United, American Airlines climb after news of Kirby floating merger with Trump

Tuesday, April 14 by SRN News

April 14 (Reuters) - United Airlines and American Airlines shares rose in premarket trading on Tuesday after United CEO Scott Kirby, sources said, pitched the potential for a merger of the two carriers to U.S. President Donald Trump in February. A merger of two of... Read More.

Citigroup upgrades US equities as tech strength and earnings outlook soothe Mideast war woes

Tuesday, April 14 by SRN News

April 14 (Reuters) - Citigroup has turned bullish on U.S. equities, joining a flurry of brokerages betting on resilient corporate earnings, attractive valuations following recent pullbacks, and the rising contribution of U.S. technology stocks to global earnings growth. The Wall Street... Read More.

HSBC’s Europe and Americas banking head Keefe departs

Tuesday, April 14 by SRN News

By Selena Li HONG KONG, April 14 (Reuters) - HSBC's head of banking in Europe and the Americas Gerry Keefe has resigned, becoming the latest senior banker to depart since the bank's global overhaul launched in 2024. The bank announced the news on Tuesday, according... Read More.

Delta Air Lines scales back sustainable fuel and net-zero targets, Bloomberg News Reports

Tuesday, April 14 by SRN News

April 14 (Reuters) - Delta Air Lines quietly removed two key environmental targets from its sustainability webpage late last week, Bloomberg News reported on Tuesday. The Atlanta-based carrier deleted its pledge to use sustainable aviation fuel for 10% of its jet fuel by 2030, the... Read More.

US small business sentiment falls to 11-month low in March

Tuesday, April 14 by SRN News

WASHINGTON, April 14 (Reuters) - U.S. small-business sentiment dropped to an 11-month low in March as a surge in oil prices because of the war in Iran overshadowed the benefits from low taxes, a survey showed. The National Federation of Independent Business said on Tuesday... Read More.

Current Weather

Dow names insider Karen Carter CEO as Fitterling moves to executive chair role

Citi profit jumps 42% as market volatility lifts trading revenue

CarMax posts quarterly loss on goodwill charge, weak used-car demand

Tesla leader believes Shanghai factory operations will play a role in robot mass production

Trump promised tax relief, but polling shows most Americans still think they’re overpaying

United, American Airlines climb after news of Kirby floating merger with Trump

Citigroup upgrades US equities as tech strength and earnings outlook soothe Mideast war woes

HSBC’s Europe and Americas banking head Keefe departs

Delta Air Lines scales back sustainable fuel and net-zero targets, Bloomberg News Reports

US small business sentiment falls to 11-month low in March

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