Business

Hormuz shutdown could force Iraq, Kuwait to curb oil output within days, JP Morgan says

Wednesday, March 4 by SRN News

March 4 (Reuters) - Crude oil supplies from Iraq and Kuwait could start shutting in within days if the Strait of Hormuz remains closed, potentially cutting 3.3 million barrels per day (bpd) by day eight of the Middle East conflict, J.P. Morgan analysts said... Read More.

Tesla’s UK sales plummet in February but outpace BYD, New Automotive data shows

Wednesday, March 4 by SRN News

March 4 (Reuters) - Tesla's UK sales fell sharply in February, but still outpaced Chinese rival BYD, data from New Automotive showed on Wednesday. Tesla sold 2,208 vehicles in February, down 45.2% from a year earlier. BYD's sales rose 40.9% to 968 units. While Tesla's delivery... Read More.

Target’s new CEO says fresh eyes and respecting core values will help him regain customer trust

Wednesday, March 4 by SRN News

MINNEAPOLIS (AP) - Target plans to spend billions of dollars this year to end a persistent sales slump and to regain its image as a fun place to shop for stylish clothing, housewares, beauty products and packaged food at affordable prices. The CEO guiding... Read More.

KPMG picks former Australia head Wingrove as global CEO, FT reports

Wednesday, March 4 by SRN News

March 4 (Reuters) - Big Four accounting firm KPMG has named its former Australia head, Gary Wingrove, as its next global chief executive, the Financial Times reported on Wednesday, citing people familiar with the matter. Reuters could not immediately verify the report. (Reporting by... Read More.

Global firms, investors in share sale rush as Middle East conflict erupts

Wednesday, March 4 by SRN News

By Charlie Conchie LONDON, March 4 (Reuters) - Companies and investors, including from the Gulf, kicked off large share sales raising tens of billions of dollars in recent days as tensions in the Middle East erupted into conflict, according to advisers and new figures. Around... Read More.

MSC announces emergency fuel surcharge on some trade routes

Wednesday, March 4 by SRN News

March 4 (Reuters) - MSC said on Wednesday it was imposing an emergency fuel surcharge on some trade routes, effective March 16. The surcharge will be effective on trade routes between Europe and southern Africa, and the North West Continent/Canary Islands route, the world's largest... Read More.

Lawsuit alleges Google’s Gemini guided man to consider ‘mass casualty’ event before suicide

Wednesday, March 4 by SRN News

A new lawsuit against Google alleges that the company's artificial intelligence chatbot Gemini guided 36-year-old Jonathan Gavalas on a mission to stage a "catastrophic accident" near Miami International Airport and destroy all records and witnesses, part of an escalating series of delusions that ended... Read More.

IRS leader Bisignano declines to answer questions over unlawful taxpayer data disclosures to ICE

Wednesday, March 4 by SRN News

WASHINGTON (AP) - The head of the IRS largely declined to answer questions about recent unlawful disclosures of taxpayer data when he was questioned by lawmakers at a congressional hearing on Wednesday, saying they happened before his tenure began. IRS CEO Frank Bisignano faced... Read More.

Elon Musk’s proposed Tesla tunnel loop met with opposition by Nashville metro council

Wednesday, March 4 by SRN News

NASHVILLE, Tenn. (AP) - Elon Musk's proposed Tesla tunnel loop under the streets of Nashville was met with opposition Tuesday by the metro council, which passed a resolution to put their concerns about safety, transparency and a lack of local input on the record. The... Read More.

Moderna rises on $2.25 billion settlement, clearing COVID vaccine patent dispute overhang

Wednesday, March 4 by SRN News

By Puyaan Singh March 4 (Reuters) - Moderna shares rose 9% on Wednesday after it settled a long-running legal battle over the technology that made its COVID-19 vaccine possible, removing an overhang and allowing it to focus on its pipeline. Analysts noted the settlement, which involves... Read More.

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Current Weather

Hormuz shutdown could force Iraq, Kuwait to curb oil output within days, JP Morgan says

Tesla’s UK sales plummet in February but outpace BYD, New Automotive data shows

Target’s new CEO says fresh eyes and respecting core values will help him regain customer trust

KPMG picks former Australia head Wingrove as global CEO, FT reports

MSC announces emergency fuel surcharge on some trade routes

Lawsuit alleges Google’s Gemini guided man to consider ‘mass casualty’ event before suicide

IRS leader Bisignano declines to answer questions over unlawful taxpayer data disclosures to ICE

Elon Musk’s proposed Tesla tunnel loop met with opposition by Nashville metro council

Moderna rises on $2.25 billion settlement, clearing COVID vaccine patent dispute overhang

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