Business

Exxon signals Q1 upstream profit bump from Iran war, downstream boost in later quarters

Wednesday, April 8 by SRN News

By Sheila Dang HOUSTON, April 8 (Reuters) - Higher oil and gas prices due to the U.S.-Israeli war on Iran could boost Exxon Mobil's first-quarter upstream earnings by up to $2.9 billion, outweighing the impact of disruptions to some of its oil and gas production... Read More.

Analysis-Why the bond market won’t bounce back to pre-war levels

Wednesday, April 8 by SRN News

By Tom Westbrook and Ankur Banerjee SINGAPORE, April 8 (Reuters) - Global bond markets may rebound but are unlikely to fully recover from the war-driven selloff because, even if there is peace, energy prices and inflation will run hotter for longer. The U.S. and Iran appeared... Read More.

Morning Bid: Big relief rally, for now

Wednesday, April 8 by SRN News

(Corrects error in byline field) April 8 - A look at the day ahead in U.S. and global markets from Alun John Markets exhaled on Wednesday after news of a two-week ceasefire between the U.S. and Iran, first announced by U.S. President Donald Trump on... Read More.

Levi shares rise as pricey denim sales smooth over tariff hit

Wednesday, April 8 by SRN News

April 8 (Reuters) - Levi Strauss' shares jumped about 12% on Wednesday as investors cheered its strongest quarterly revenue growth in nearly four years with confidence growing in the denim maker's ability to stave off tariff hits with more full-price sales. Demand for Levi's baggy... Read More.

Delta pulls growth plans as fuel spike drives up costs, dents Q2 profit

Wednesday, April 8 by SRN News

By Rajesh Kumar Singh CHICAGO, April 8 (Reuters) - Delta Air Lines on Wednesday forecast lower-than-expected profit for the second quarter and said it was too early to update its full-year outlook, citing uncertainty caused by a run-up in jet fuel prices linked to the... Read More.

Edmunds: These are the used SUVs that hold their value best

Wednesday, April 8 by SRN News

There's a lot of satisfaction and enjoyment that comes along with buying a new or used vehicle. Less appealing is the drop in value as your vehicle gets older. Depreciation is typically unavoidable, but certain vehicles tend to hold their value better than others... Read More.

Stellantis in advanced talks to develop Opel EV with China’s Leapmotor, sources say

Wednesday, April 8 by SRN News

SHANGHAI/MILAN, April 8 (Reuters) - Stellantis is in advanced talks with Leapmotor to jointly develop an Opel-branded electric SUV that would use the Chinese automaker's technology and be produced at Stellantis' Zaragoza plant in Spain, three sources told Reuters. The deal, if finalised, would help... Read More.

Wall Street futures climb on relief from US-Iran ceasefire

Wednesday, April 8 by SRN News

By Johann M Cherian and Purvi Agarwal April 8 (Reuters) - U.S. stock index futures climbed on Wednesday as investors breathed a sigh of relief after the U.S. and Iran agreed to a two-week ceasefire, sending crude prices lower on expectations that energy supplies through... Read More.

General Motors recalls over 270,000 cars in US over rearview camera issue

Wednesday, April 8 by SRN News

April 8 (Reuters) - General Motors is recalling 271,770 cars in the U.S. over an issue with the rearview camera, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Wednesday. Here are some details: * Recall includes Chevrolet Malibu... Read More.

Analysis-How the math works on a $1.75 trillion SpaceX valuation

Wednesday, April 8 by SRN News

By Medha Singh, Echo Wang and Noel Randewich April 8 (Reuters) - Elon Musk's SpaceX is seeking a $1.75 trillion valuation in its forthcoming initial public offering. How far into the stratosphere is that? Going by common Wall Street metrics, the answer is, way out there.... Read More.

Current Weather

Exxon signals Q1 upstream profit bump from Iran war, downstream boost in later quarters

Analysis-Why the bond market won’t bounce back to pre-war levels

Morning Bid: Big relief rally, for now

Levi shares rise as pricey denim sales smooth over tariff hit

Delta pulls growth plans as fuel spike drives up costs, dents Q2 profit

Edmunds: These are the used SUVs that hold their value best

Stellantis in advanced talks to develop Opel EV with China’s Leapmotor, sources say

Wall Street futures climb on relief from US-Iran ceasefire

General Motors recalls over 270,000 cars in US over rearview camera issue

Analysis-How the math works on a $1.75 trillion SpaceX valuation

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