Business

Iran fallout pushes market views of next Fed rate cut further away

Tuesday, March 3 by SRN News

March 3 (Reuters) - Expectations that the Federal Reserve would resume interest rate cuts before September eroded further on Tuesday, as rising oil prices from the U.S.-Israeli air war against Iran heightened concern that inflation pressures would keep the central bank in a hawkish... Read More.

Fed’s Williams says rate cuts still possible, does not address Iran war

Tuesday, March 3 by SRN News

By Michael S. Derby NEW YORK, March 3 (Reuters) - New York Federal Reserve President John Williams said on Tuesday the U.S. central bank is on track for more interest rate cuts if inflation pressures moderate as he expects, but he did not address the... Read More.

US CFTC ships prediction markets rule proposal to Trump budget office

Tuesday, March 3 by SRN News

By Chris Prentice NEW YORK, March 3 (Reuters) - The U.S. Commodity Futures Trading Commission has sent a rulemaking plan for prediction markets to the President's Office of Management and Budget, kicking off the process to write new rules for the controversial, but fast-growing markets. WHY... Read More.

Factbox-How airlines have hedged against fuel price increases

Tuesday, March 3 by SRN News

March 3 (Reuters) - Higher oil prices due to the Iran war are increasing prices of jet fuel, which accounts for a big portion of airlines' costs. Brent crude oil rose above $80 per barrel on Tuesday on worries about disrupted supply. Some airlines use futures... Read More.

Average price for a gallon of gas rises 11 cents overnight to about $3.11 in US, AAA says

Tuesday, March 3 by SRN News

NEW YORK (AP) - The average price for a gallon of gasoline jumped 11 cents overnight to about $3.11 in the U.S., according to motor club AAA. Gas prices were already rising before the U.S. launched strikes on Iran as refiners switch over to... Read More.

Global energy costs soar as Iran crisis disrupts shipping, oil and gas production

Tuesday, March 3 by SRN News

By Yousef Saba and Ahmed Elimam LONDON, March 3 (Reuters) - Global oil and gas prices jumped on Tuesday as the U.S.-Israeli war on Iran halted energy exports from the Middle East, with Tehran attacking ships and energy facilities, closing navigation in the Gulf and... Read More.

Target’s new CEO signals turnaround with upbeat outlook

Tuesday, March 3 by SRN News

(Corrects company ticker symbol in paragraph 1) March 3 (Reuters) - Target's new CEO Michael Fiddelke promised a return to annual sales growth and issued an upbeat profit outlook, signalling a turnaround push at the embattled retailer. Shares of the Minneapolis-based retailer were up 5.5% in... Read More.

Patrick O’Connell to bare his ‘demons’ in a memoir on building The Inn at Little Washington

Tuesday, March 3 by SRN News

NEW YORK (AP) - Award-winning chef Patrick O'Connell has a book scheduled for September about how he converted an old garage into an international destination for food lovers. O'Connell's "Main, Middle & Gay" is a memoir by the founder of the Michelin-starred restaurant, The Inn... Read More.

Ziff Davis to sell connectivity division to Accenture for $1.2 billion

Tuesday, March 3 by SRN News

March 3 (Reuters) - Ziff Davis said on Tuesday it has agreed to sell its Connectivity division - the unit behind brands such as Ookla, Speedtest and Downdetector - to Accenture for $1.2 billion in cash. Shares of Ziff Davis rose more than 45% in... Read More.

Best Buy beats holiday quarter profit estimates, shares soar

Tuesday, March 3 by SRN News

March 3 (Reuters) - Best Buy beat Wall Street estimates for fourth-quarter profit on Tuesday, helped by the top U.S. electronics retailer's efforts to rein in costs amid uneven demand during the all-important holiday shopping season. Shares of the company surged about 12% in premarket... Read More.

Current Weather

Iran fallout pushes market views of next Fed rate cut further away

Fed’s Williams says rate cuts still possible, does not address Iran war

US CFTC ships prediction markets rule proposal to Trump budget office

Factbox-How airlines have hedged against fuel price increases

Average price for a gallon of gas rises 11 cents overnight to about $3.11 in US, AAA says

Global energy costs soar as Iran crisis disrupts shipping, oil and gas production

Target’s new CEO signals turnaround with upbeat outlook

Patrick O’Connell to bare his ‘demons’ in a memoir on building The Inn at Little Washington

Ziff Davis to sell connectivity division to Accenture for $1.2 billion

Best Buy beats holiday quarter profit estimates, shares soar

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