Business

US shale firms unlikely to drill at $100 a barrel unless high prices last longer, executives say

Wednesday, March 25 by SRN News

By Arathy Somasekhar, Georgina McCartney and Sheila Dang HOUSTON, March 23 (Reuters) - Oil prices above $100 a barrel would not trigger a meaningful production increase in the U.S. unless they stay elevated for more than a quarter, shale executives said at the CERAWeek energy... Read More.

Fed’s Barr sees rates holding steady ‘for some time’ given above-target inflation

Wednesday, March 25 by SRN News

WASHINGTON, March 24 (Reuters) - The U.S. Federal Reserve may need to keep interest rates steady "for some time" before further cuts are warranted, Fed Governor Michael Barr said on Tuesday, noting continued inflation above the Fed's 2% target and the risks posed by... Read More.

IPL champion Royal Challengers Bengaluru to be bought by consortium in deal worth nearly $1.8B

Wednesday, March 25 by SRN News

BENGALURU, India (AP) - Royal Challengers Bengaluru, the current Indian Premier League cricket champion, has agreed to be bought by a conglomerate of investors from India and the United States in a deal valuing the franchise at nearly $1.8 billion. RCB's new owners will be... Read More.

Grifols approves IPO of its US biopharma business

Tuesday, March 24 by SRN News

March 24 (Reuters) - Spanish drugmaker Grifols said on Tuesday it has approved a U.S. initial public offering of its U.S. biopharma business. Grifols, which makes drugs using blood plasma, plans to float a minority stake in the biopharma business. The parent company will maintain... Read More.

Prosecutor conceded lack of criminal evidence in Federal Reserve investigation, transcript shows

Tuesday, March 24 by SRN News

WASHINGTON (AP) - The Justice Department's investigation of a $2.5 billion renovation project at the Federal Reserve didn't find any evidence of a crime, a federal prosecutor privately conceded under questioning by a skeptical judge earlier this month, according to a transcript of the... Read More.

MercadoLibre to invest $11 billion in Brazil this year

Tuesday, March 24 by SRN News

SAO PAULO, March 24 (Reuters) - E-commerce firm MercadoLibre will invest 57 billion reais ($10.9 billion) in its main market Brazil this year, up 50% from 2025, it said on Tuesday. MercadoLibre said the amount, which includes some operating costs and expenses, will be mainly... Read More.

Trading Day: This ain’t over

Tuesday, March 24 by SRN News

ORLANDO, Florida, March 24 (Reuters) - Wall Street brought an otherwise positive day for global stocks to a downbeat end on Tuesday, as rebounding oil prices, spiking bond yields and soft business activity data compounded concerns that the war in the Middle East is... Read More.

GameStop posts 14% fall in quarterly revenue amid digital gaming shift

Tuesday, March 24 by SRN News

March 24 (Reuters) - GameStop reported a 14% drop in fourth-quarter revenue on Tuesday, a sign that its struggling brick-and-mortar business continues to face immense pressure from the video game industry's shift to digital downloads and weaker consumer demand. Grapevine, Texas-based... Read More.

Bahrain’s UN proposal calling for ‘all necessary means’ to open Strait of Hormuz faces opposition

Tuesday, March 24 by SRN News

UNITED NATIONS (AP) - A U.N. Security Council resolution calling for countries to use "all necessary means" to keep the Strait of Hormuz open is facing some opposition for raising the possibility of U.N.-backed military action against Iran, according to three council diplomats. Bahrain... Read More.

What to know about the collision on a LaGuardia Airport runway

Tuesday, March 24 by SRN News

NEW YORK (AP) - Investigators are working to determine what caused a deadly collision between a jet and a fire truck on the runway at New York City's LaGuardia Airport. Here's what to know about the crash and the investigation: An Air Canada regional flight... Read More.

Current Weather

US shale firms unlikely to drill at $100 a barrel unless high prices last longer, executives say

Fed’s Barr sees rates holding steady ‘for some time’ given above-target inflation

IPL champion Royal Challengers Bengaluru to be bought by consortium in deal worth nearly $1.8B

Grifols approves IPO of its US biopharma business

Prosecutor conceded lack of criminal evidence in Federal Reserve investigation, transcript shows

MercadoLibre to invest $11 billion in Brazil this year

Trading Day: This ain’t over

GameStop posts 14% fall in quarterly revenue amid digital gaming shift

Bahrain’s UN proposal calling for ‘all necessary means’ to open Strait of Hormuz faces opposition

What to know about the collision on a LaGuardia Airport runway

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