Business

Iranian attacks target Gulf States as US warns bombing will intensify

Saturday, March 7 by SRN News

DUBAI, United Arab Emirates (AP) - Intense Iranian fire targeted the Gulf Arab states early Saturday as Israel and the United States kept up their airstrikes targeting the Islamic Republic. There was no foreseeable end to the fighting. U.S. President Donald Trump's administration approved a... Read More.

Hong Kong firm seeks $2 billion over Panama’s takeover of 2 key canal ports

Saturday, March 7 by SRN News

HONG KONG (AP) - A subsidiary of a Hong Kong-based company that has lost control of two critical ports on the Panama Canal said it is seeking $2 billion of compensation in damages from Panama over its "illegal" takeover of the ports. Panama Ports Company,... Read More.

Oil and gas prices rapidly rise as Iran war shows no signs of letting up

Saturday, March 7 by SRN News

NEW YORK (AP) - The price of oil surged higher and showed no signs of halting its rapid climb a week after the U.S. and Israel launched major attacks on Iran that escalated into a war in the Middle East. The conflict, in which nearly... Read More.

US pump prices surge as Iran war upends global energy supply

Saturday, March 7 by SRN News

By Nicole Jao, Jayla Whitfield-Anderson and Rich McKay MARIETTA/NEW YORK, March 6 (Reuters) - U.S. retail gasoline and diesel prices are soaring as the U.S.-Israel war with Iran constrains oil and fuel exports, which could be a political test for President Donald Trump's Republican Party... Read More.

US draws up strict new AI guidelines amid Anthropic clash, FT reports

Saturday, March 7 by SRN News

March 6 (Reuters) - The Trump administration has drawn up strict rules for civilian artificial intelligence contracts that would require AI companies to allow "any lawful" use of their models amid a stand-off between the Pentagon and Anthropic, the Financial Times reported on Friday. A... Read More.

Iran conflict boosts U.S. Gulf oil prices to highest since 2020

Saturday, March 7 by SRN News

By Siddharth Cavale NEW YORK, March 6 (Reuters) - U.S. Gulf Coast heavy grades continued to surge on Friday as the Iran conflict spurred several Middle Eastern producers of heavy crude to curtail production and drove buyers to scoop up U.S. barrels. Prices of... Read More.

Vertiv, Lumentum, Coherent, EchoStar set to join S&P 500

Saturday, March 7 by SRN News

March 6 (Reuters) - S&P Dow Jones Indices said on Friday that data center equipment maker Vertiv, photonics product makers Lumentum and Coherent, and telecom company EchoStar will join its flagship S&P 500 index. The S&P 500, widely regarded as the benchmark for U.S. large-cap... Read More.

Amid oil shock uncertainty, Fed’s Hammack says central bank must lower inflation

Saturday, March 7 by SRN News

By Michael S. Derby NEW YORK, March 6 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said on Friday that while she expects inflation pressures to moderate, if they are not easing later this year the U.S. central bank may have to weigh... Read More.

Saks Global to shutter 15 more department stores in bankruptcy restructuring

Saturday, March 7 by SRN News

NEW YORK (AP) - The parent company of Saks Fifth Avenue and Neiman Marcus is closing more department stores as it focuses on its most profitable businesses and trims debt during its Chapter 11 bankruptcy restructuring. Saks Global Inc. said Friday it will close... Read More.

Goldman Sachs warns oil may surge above $100/bbl if Hormuz flows don’t recover

Friday, March 6 by SRN News

March 6 (Reuters) - Goldman Sachs said oil prices are likely to exceed $100 per barrel next week if no signs of a solution emerge to the severe disruption in flows through the Strait of Hormuz, warning that upside risks to its base‑case forecast... Read More.

Current Weather

Iranian attacks target Gulf States as US warns bombing will intensify

Hong Kong firm seeks $2 billion over Panama’s takeover of 2 key canal ports

Oil and gas prices rapidly rise as Iran war shows no signs of letting up

US pump prices surge as Iran war upends global energy supply

US draws up strict new AI guidelines amid Anthropic clash, FT reports

Iran conflict boosts U.S. Gulf oil prices to highest since 2020

Vertiv, Lumentum, Coherent, EchoStar set to join S&P 500

Amid oil shock uncertainty, Fed’s Hammack says central bank must lower inflation

Saks Global to shutter 15 more department stores in bankruptcy restructuring

Goldman Sachs warns oil may surge above $100/bbl if Hormuz flows don’t recover

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