Business

Delta Air sticks to first-quarter profit forecast, raises revenue expectations

Tuesday, March 17 by SRN News

March 17 (Reuters) - Delta Air said on Tuesday it expects first-quarter profit within its initial forecast range but raised its revenue expectations, amid high jet fuel prices due to the conflict in the Middle East. The carrier said consumer and corporate demand trends have... Read More.

Wall Street futures slip as higher oil prices fuel inflation worries ahead of Fed meeting

Tuesday, March 17 by SRN News

March 17 (Reuters) - U.S. stock index futures slipped on Tuesday as the Middle East conflict pinned oil prices near $100 a barrel, fueling inflation concerns that will be a major point of discussion when the Federal Reserve kicks off its two-day meeting later... Read More.

Honeywell expects hit to Q1 from Middle East conflict; maintains 2026 forecast

Tuesday, March 17 by SRN News

March 17 (Reuters) - The conflict in the Middle East could impact Honeywell International's first-quarter revenue by high-single-digit percentages, CEO Vimal Kapur said at BofA Securities' Global Industrials Conference on Tuesday. However, the industrial giant remains confident in its 2026 forecast, viewing the disruptions as... Read More.

Codelco monthly output dives, sowing doubts about validity of end-2025 production spike

Tuesday, March 17 by SRN News

By Fabian Cambero SANTIAGO, March 17 (Reuters) - Chile's state-owned copper giant Codelco has reported a sharp drop in production to start this year, leading copper industry analysts and former Codelco executives to question its reports of surging output at the end of 2025 that... Read More.

US ‘transitory’ inflation turns five and is still a big brat

Tuesday, March 17 by SRN News

By Howard Schneider WASHINGTON, March 17 (Reuters) - The worst U.S. inflation outbreak in a generation turns five years old this month, a defining economic shock that is still driving policy debates, influencing national politics, and frustrating Federal Reserve officials trying to restore the pace... Read More.

Citigroup cuts 12-month bitcoin, ether targets as US crypto legislation stalls

Tuesday, March 17 by SRN News

March 17 (Reuters) - Citigroup cut its 12-month forecast for bitcoin and ethereum, citing slow U.S. legislative progress that narrows the window for regulatory catalysts expected to boost ETF-driven demand and broader institutional adoption. Progress on U.S. crypto market-structure legislation has stalled in the Senate,... Read More.

Blue Owl tipped UK lender into insolvency after discrepancy concerns, FT reports

Tuesday, March 17 by SRN News

March 17 (Reuters) - U.S. private credit firm Blue Owl pushed London-based mortgage lender Century Capital into administration after discovering the UK group had dismissed a director over financial discrepancies, the Financial Times reported on Tuesday. Reuters could not immediately verify the report. (Reporting by... Read More.

Morning Bid: Central banks gird for oil shocks as RBA votes 5-4 to hike

Tuesday, March 17 by SRN News

A look at the day ahead in European and global markets from Gregor Stuart Hunter The surge in energy prices as war engulfs the Middle East is top of mind for central bankers. Deciding what to do about it is proving more complicated. On Tuesday, the... Read More.

Kone in talks to acquire rival TK Elevator, Bloomberg News reports

Tuesday, March 17 by SRN News

March 16 (Reuters) - Finnish lift maker Kone Oyj is in talks to buy TK Elevator, which has been preparing for an initial public offering, Bloomberg News reported on Monday, citing people familiar with the matter. TK Elevator's owners have been seeking a valuation of... Read More.

Argentina’s wine industry withers on the vine as consumption hits a record low

Tuesday, March 17 by SRN News

BUENOS AIRES, Argentina (AP) - Argentina's once thriving wine industry is facing its worst crisis in more than 15 years, with record-low domestic consumption, dwindling exports and low-yielding crops. Against this sobering reality, hundreds of wine enthusiasts still gathered last week in Mendoza, the heart... Read More.

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Current Weather

Delta Air sticks to first-quarter profit forecast, raises revenue expectations

Wall Street futures slip as higher oil prices fuel inflation worries ahead of Fed meeting

Honeywell expects hit to Q1 from Middle East conflict; maintains 2026 forecast

Codelco monthly output dives, sowing doubts about validity of end-2025 production spike

US ‘transitory’ inflation turns five and is still a big brat

Citigroup cuts 12-month bitcoin, ether targets as US crypto legislation stalls

Blue Owl tipped UK lender into insolvency after discrepancy concerns, FT reports

Morning Bid: Central banks gird for oil shocks as RBA votes 5-4 to hike

Kone in talks to acquire rival TK Elevator, Bloomberg News reports

Argentina’s wine industry withers on the vine as consumption hits a record low

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