Business

Money exits emerging market funds as Iran conflict reverberates

Friday, March 13 by SRN News

By Libby George and Marc Jones LONDON, March 13 (Reuters) - Flows of money into emerging market bond funds fell in the week to March 11, while those into emerging market equity funds flattened after five straight weeks of inflows, shaken by the war in... Read More.

Musk ousts more xAI founders as AI coding effort falters, FT reports

Friday, March 13 by SRN News

March 13 (Reuters) - Elon Musk has triggered a fresh wave of job cuts at his AI firm xAI, with more co-founders pushed out amid his dissatisfaction with the underperformance of the startup's coding division, the Financial Times reported on Friday. Musk last month overhauled... Read More.

Factbox-Biggest global oil supply disruptions in history

Friday, March 13 by SRN News

March 13 (Reuters) - The International Energy Agency said the closure of the Strait of Hormuz has triggered the largest disruption to global oil markets in history, with supply expected to fall by about 8 million barrels per day in March, or around 8%. The... Read More.

USW members vote to reject BP’s final offer to Whiting refinery workers

Friday, March 13 by SRN News

March 12 (Reuters) - The U.S. United SteelWorkers (USW) union members voted on Thursday to overwhelmingly reject what energy giant BP called its "last, best, and final" contract proposal to those working at its Whiting refinery in Indiana. The USW stated in a release that... Read More.

US consumer staples lose sheen as lofty valuations meet gloomy earnings outlook

Friday, March 13 by SRN News

By Shashwat Chauhan March 13 (Reuters) - After a strong rally this year, U.S. consumer staples stocks are falling out of favor, with investors starting to question the high valuation as earnings prospects dim, analysts said. Staples, widely considered as safe havens within equities, became a... Read More.

Cerebras Systems, Amazon strike deal to offer Cerebras AI chips on Amazon’s cloud

Friday, March 13 by SRN News

SAN FRANCISCO, March 13 (Reuters) - Amazon.com and Cerebras Systems on Friday said they have reached a deal to combine the two companies' computing chips in a new service aimed at speeding up chatbots, coding tools and other artificial intelligence services. Valued at $23.1 billion,... Read More.

US job openings rise in January, but hiring tepid

Friday, March 13 by SRN News

WASHINGTON, March 13 (Reuters) - U.S. job openings increased in January, but hiring was lackluster, consistent with a stable labor market. Job openings, a measure of labor demand, rose by 396,000 to 6.946 million by the last day of January, the Labor Department's Bureau of... Read More.

Analysis-Iran unleashes oil shock to blunt US firepower

Friday, March 13 by SRN News

By Samia Nakhoul DUBAI, March 13 (Reuters) - Long before the U.S. and Israel attacked Iran, the Islamic Republic had devised its own weapon: holding the world's main oil lifeline hostage to offset its foes' military superiority, three regional sources familiar with Iranian planning said. For... Read More.

Wall St opens mixed as investors weigh data, Middle East war

Friday, March 13 by SRN News

March 13 (Reuters) - Wall Street's main stock indexes opened mixed on Friday, after sharp losses in the previous session, while investors assessed a set of economic data releases to gauge the interest rate outlook as the Middle East conflict widens. The Dow Jones Industrial... Read More.

Ulta Beauty slides as rising costs hit margins; focus on TikTok push under new CEO

Friday, March 13 by SRN News

By Neil J Kanatt March 13 (Reuters) - Ulta Beauty's shares fell as much as 9.6% in early trading on Friday as rising costs overshadowed strong demand, though analysts expressed optimism about its TikTok-led digital push under a new CEO to attract younger and affluent... Read More.

Current Weather

Money exits emerging market funds as Iran conflict reverberates

Musk ousts more xAI founders as AI coding effort falters, FT reports

Factbox-Biggest global oil supply disruptions in history

USW members vote to reject BP’s final offer to Whiting refinery workers

US consumer staples lose sheen as lofty valuations meet gloomy earnings outlook

US job openings rise in January, but hiring tepid

Analysis-Iran unleashes oil shock to blunt US firepower

Wall St opens mixed as investors weigh data, Middle East war

Ulta Beauty slides as rising costs hit margins; focus on TikTok push under new CEO

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