Business

US jobless claims filings unchanged from previous week at 213,000 as layoffs remain low

Thursday, March 5 by SRN News

WASHINGTON (AP) - The number of Americans applying for unemployment benefits last week was unchanged from the week before, a sign that layoffs remain at historically low levels. U.S. filings for jobless aid for the week ending Feb. 28 matched the previous week's 213,000, the... Read More.

Wall Street opens lower as investors weigh Middle East war risks

Thursday, March 5 by SRN News

March 5 (Reuters) - Wall Street's main indexes opened lower on Thursday as the Middle East conflict entered its sixth day, raising concerns of fresh inflation pressures that could complicate the Federal Reserve's monetary policy decisions. The Dow Jones Industrial Average fell 212.7 points, or... Read More.

Higher capital goods prices lift US imported inflation in January

Thursday, March 5 by SRN News

WASHINGTON, March 5 (Reuters) - U.S. import prices increased in January as a decline in the cost of energy products was more than offset by a surge in capital goods prices, government data showed on Thursday. Import prices rose 0.2% last month after an... Read More.

Global economy faces inflation and growth test amid escalating conflict in Iran – Goldman

Thursday, March 5 by SRN News

March 5 (Reuters) - A temporary surge in oil prices to $100 per barrel could slow global growth by 0.4 percentage point, Goldman Sachs analysts said on Thursday, as a widening conflict in Iran chokes off vital Middle East oil and gas flows. Under its... Read More.

Tesla UK car sales drop 37% as Chinese competition heightens, SMMT data shows

Thursday, March 5 by SRN News

March 5 (Reuters) - Tesla's UK sales dropped 37% in February from a year earlier, data from the Society of Motor Manufacturers and Traders (SMMT) showed on Thursday, as the automaker stayed under pressure from booming demand for EVs from Chinese competitors such as... Read More.

China widens BHP iron ore restrictions as talks drag, sources say

Thursday, March 5 by SRN News

BEIJING, March 5 (Reuters) - China's state-run iron ore buyer has widened restrictions on buying new seaborne iron ore cargoes from BHP as a months-long contract dispute drags on, people with knowledge of the matter told Reuters. China Mineral Resources Group (CMRG) told several... Read More.

Explainer-What’s in China’s new five-year plan for commodity markets

Thursday, March 5 by SRN News

BEIJING, March 5 (Reuters) - China unveiled its 15th five-year plan on Thursday at its annual parliamentary meeting, outlining Beijing's priorities for the economy and sectors slated for policy support and funding. Here's a summary of what matters for commodity markets: METALS AND CRITICAL MINERALS ... Read More.

Broadcom rallies as it touts more than $100 billion in AI chip sales in 2027

Thursday, March 5 by SRN News

March 5 (Reuters) - Broadcom shares jumped about 7% before the bell on Thursday after the company said it expects artificial intelligence chip sales to top $100 billion in 2027, as it pushes into a market long ruled by Nvidia. Big Tech firms such as... Read More.

Key takeaways from China’s new 5-year economic blueprint and growth target

Thursday, March 5 by SRN News

BEIJING (AP) - China on Thursday set its lowest economic growth target since 1991 at the opening of its annual national congress, in what some economists interpreted as a reflection of pragmatism as a weak domestic economy bites. Beijing also released the full draft of... Read More.

Ford to recall nearly 605,000 vehicles in US over windshield wiper issue, NHTSA says

Thursday, March 5 by SRN News

March 5 (Reuters) - Ford is recalling 604,533 vehicles in the U.S. because the windshield wiper motor may fail, reducing visibility and increasing the risk of a crash, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Thursday. The recall includes certain 2020-2022 Explorer,... Read More.

Current Weather

US jobless claims filings unchanged from previous week at 213,000 as layoffs remain low

Wall Street opens lower as investors weigh Middle East war risks

Higher capital goods prices lift US imported inflation in January

Global economy faces inflation and growth test amid escalating conflict in Iran – Goldman

Tesla UK car sales drop 37% as Chinese competition heightens, SMMT data shows

China widens BHP iron ore restrictions as talks drag, sources say

Explainer-What’s in China’s new five-year plan for commodity markets

Broadcom rallies as it touts more than $100 billion in AI chip sales in 2027

Key takeaways from China’s new 5-year economic blueprint and growth target

Ford to recall nearly 605,000 vehicles in US over windshield wiper issue, NHTSA says

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