Business

FedEx CFO John Dietrich to step down

Monday, April 13 by SRN News

April 13 (Reuters) - FedEx said on Monday Chief Financial Officer John Dietrich would step down, effective June 1, after the parcel firm completes the spinoff of FedEx Freight into a publicly traded company. The company said Claude Russ, finance enterprise vice president, will serve... Read More.

How a US blockade near the Strait of Hormuz could work and the impact ahead for the global economy

Monday, April 13 by SRN News

A blockade of Iranian ports that President Donald Trump said began Monday could further disrupt oil prices, has spurred questions about international law and leaves doubts about whether the pressure tactic will force Tehran to reopen the vital Strait of Hormuz. Trump threatened to impose... Read More.

Surging oil prices spark protest in Haiti as workers demand salary increases

Monday, April 13 by SRN News

PORT-AU-PRINCE, Haiti (AP) - More than 1,000 workers organized a protest Monday in Haiti's capital to demand a higher minimum wage as the conflict in Iran deepens, driving up oil prices. Workers at the state-owned Metropolitan Industrial Park, informally known as Sonapi, gathered outside its... Read More.

Texas attorney general probes Lululemon over potential ‘forever chemicals’ in its activewear

Monday, April 13 by SRN News

April 13 (Reuters) - Texas Attorney General Ken Paxton has launched an investigation into athleisure brand Lululemon over the potential presence of "forever chemicals" in its activewear, he said on Monday in a post on social-media platform X. The probe will examine whether Lululemon's athletic... Read More.

Hollywood stars sign open letter opposing Paramount-Warner Bros deal

Monday, April 13 by SRN News

By Harshita Mary Varghese April 13 (Reuters) - Over 1,000 filmmakers, actors and industry professionals signed an open letter opposing Warner Bros Discovery's proposed $110 billion merger with Paramount Skydance, warning it would reduce competition and deepen consolidation in the U.S. media sector. • Actors including... Read More.

Oil prices jump 6% to above $100 a barrel on US blockade of Iran

Monday, April 13 by SRN News

By Scott DiSavino NEW YORK, April 13 (Reuters) - Oil prices jumped about 6% to more than $100 a barrel on Monday after the U.S. military said it will blockade ships leaving Iran's ports nL6N40V09S, while Tehran threatened to retaliate against its Gulf neighbours' ports,... Read More.

LVMH flags sales impact of Iran war in blow to hopes for luxury revival

Monday, April 13 by SRN News

PARIS, April 13 (Reuters) - French luxury giant LVMH suffered a heavy impact from the Middle Eastern conflict https://www.reuters.com/world/iran/, it said on Monday, as sales fell in the Gulf and many rich tourists from the region also stopped spending in Europe. Global quarterly sales at... Read More.

J.P.Morgan, Morgan Stanley urge buying the dip as US earnings stay resilient

Monday, April 13 by SRN News

April 13 (Reuters) - Wall Street brokerages J.P.Morgan and Morgan Stanley said recent market weakness has created opportunities for long-term investors, arguing that resilient corporate earnings growth could cushion the fallout from the Middle East conflict. Hopes of a de-escalation in the conflict... Read More.

The US is short 10 million houses. A new White House report lays out a blueprint to fix that

Monday, April 13 by SRN News

WASHINGTON (AP) - White House economists estimate the United States has a shortage of 10 million houses, according to a new report out Monday - and say regulatory cuts could lead to more construction to stabilize prices, increase home ownership and fuel faster economic... Read More.

The US is short 10 million houses. A new White House report lays out a blueprint to fix that

Monday, April 13 by SRN News

WASHINGTON (AP) - White House economists estimate the United States has a shortage of 10 million houses, according to a new report out Monday - and say regulatory cuts could lead to more construction to stabilize prices, increase home ownership and fuel faster economic... Read More.

Current Weather

FedEx CFO John Dietrich to step down

How a US blockade near the Strait of Hormuz could work and the impact ahead for the global economy

Surging oil prices spark protest in Haiti as workers demand salary increases

Texas attorney general probes Lululemon over potential ‘forever chemicals’ in its activewear

Hollywood stars sign open letter opposing Paramount-Warner Bros deal

Oil prices jump 6% to above $100 a barrel on US blockade of Iran

LVMH flags sales impact of Iran war in blow to hopes for luxury revival

J.P.Morgan, Morgan Stanley urge buying the dip as US earnings stay resilient

The US is short 10 million houses. A new White House report lays out a blueprint to fix that

The US is short 10 million houses. A new White House report lays out a blueprint to fix that

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