Business

Iran war casts shadow over HSBC and StanChart Middle East ambitions

Thursday, March 12 by SRN News

By Lawrence White and Selena Li LONDON/HONG KONG, March 12 (Reuters) - Just days before the U.S. and Israel launched strikes on Iran, HSBC's CEO Georges Elhedery said the Asia-Middle East corridor was becoming "a defining axis of global growth". This week, HSBC closed its... Read More.

Average US long-term mortgage rate rises to 6.11%, back to where it was 5 weeks ago

Thursday, March 12 by SRN News

The average long-term U.S. mortgage rate rose again this week, reflecting ongoing bond market jitters over the war with Iran. The benchmark 30-year fixed rate mortgage rate ticked up to 6.11% from 6% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the... Read More.

When stock markets get shaken, it can pay for investors to be patient

Thursday, March 12 by SRN News

NEW YORK (AP) - When stock markets are as manic as they've been recently, it's natural to want to do something to protect your retirement savings. Historically, though, staying calm has usually been best. The U.S. stock market has a track record of recovering... Read More.

Lawyers in landmark social media addiction trial make final appeals to the jury

Thursday, March 12 by SRN News

LOS ANGELES (AP) - After about a month of hearing from addiction experts, therapists, platform engineers and executives, including Mark Zuckerberg, a jury will listen to closing arguments before heading to the deliberation room to decide whether social media companies should be liable for... Read More.

Smaller portions are a big restaurant trend as customers watch their budgets and waistlines

Thursday, March 12 by SRN News

The biggest new restaurant trend is small. Special menus with petite, less expensive portions are popping up all over, from large chains like Olive Garden and The Cheesecake Factory to trendy urban eateries and farm-to-fork dining rooms. Restaurants hope that offering smaller servings beyond the children's... Read More.

Private credit funds slide as investors sell out

Thursday, March 12 by SRN News

By Isla Binnie, Tommy Reggiori Wilkes and Iain Withers NEW YORK/LONDON, March 12 (Reuters) - Investment funds run by big financial firms such as KKR and Blue Owl have seen their stock prices slide in recent weeks as investors question the quality of the loans... Read More.

How US-Israeli war on Iran is upending global business

Thursday, March 12 by SRN News

March 12 (Reuters) - The U.S.-Israeli war on Iran is rattling businesses worldwide, driving up energy prices, squeezing supplies of critical raw materials and raising questions about the reliability of trade routes critical to the flow of goods from food to car parts. Below are... Read More.

US applications for unemployment benefits inch down to 213,000 as layoffs remain stable

Thursday, March 12 by SRN News

WASHINGTON (AP) - U.S. applications for unemployment benefits inched down modestly last week as layoffs remain at historically healthy levels despite a weakening job market. The number of Americans filing for jobless aid for the week ending March 7 fell by 1,000 to 213,000 the... Read More.

Ships identify themselves as Chinese around Strait of Hormuz during Iran war to avoid attacks

Thursday, March 12 by SRN News

HONG KONG (AP) - Some commercial ships near or in the Strait of Hormuz and Persian Gulf have declared themselves as China-linked since the Iran war began, marine traffic data show, as their operators apparently try to reduce risks of being targeted in attacks.... Read More.

Is Atlanta still the ‘Hollywood of the South’? A film boomtown faces a test

Thursday, March 12 by SRN News

ATLANTA (AP) - Chris Ratledge used to make as much as $9,500 a week working on film sets around Atlanta. Now, he's on food stamps. The 48-year-old digital imaging technician moved from Indiana to Georgia in 2017 as studios - lured by generous tax credits... Read More.

Current Weather

Iran war casts shadow over HSBC and StanChart Middle East ambitions

Average US long-term mortgage rate rises to 6.11%, back to where it was 5 weeks ago

When stock markets get shaken, it can pay for investors to be patient

Smaller portions are a big restaurant trend as customers watch their budgets and waistlines

Private credit funds slide as investors sell out

How US-Israeli war on Iran is upending global business

US applications for unemployment benefits inch down to 213,000 as layoffs remain stable

Ships identify themselves as Chinese around Strait of Hormuz during Iran war to avoid attacks

Is Atlanta still the ‘Hollywood of the South’? A film boomtown faces a test

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