Business

OpenAI avoided a costly court loss to Elon Musk, but neither side is unscathed

Tuesday, May 19 by SRN News

OAKLAND, Calif. (AP) - After prevailing in its court fight with Elon Musk, OpenAI - the ChatGPT maker valued at $852 billion - remains on track for what could be one of the largest initial public offerings in history. Musk had been seeking the ouster... Read More.

Asian shares trade mixed and Kospi falls nearly 4% as oil prices keep swinging

Tuesday, May 19 by SRN News

TOKYO (AP) - Asian shares were mixed Tuesday as uncertainty about what will happen with the Iran war roiled global markets. Japan's benchmark Nikkei 225 lost 0.6% in morning trading to 60,433.79, erasing initial gains after the government reported that the economy grew for... Read More.

Japan, China lead declines in foreign holdings of Treasuries in March, data shows

Monday, May 18 by SRN News

NEW YORK, May 18 (Reuters) - Foreign holdings of U.S. Treasuries slid in March, data from the Treasury Department showed on Monday, led by declines in holdings from Japan and China. Holdings of U.S. Treasuries slipped 1.5% to $9.348 trillion from a record peak of... Read More.

BP fails to reach deal with union as Indiana refinery lockout drags on

Monday, May 18 by SRN News

By Nicole Jao NEW YORK, May 18 (Reuters) - BP and union leaders resumed labor contract negotiations for workers at the Whiting, Indiana, oil refinery on Monday with no agreement yet, as a lockout entered its third month this week. Some 800 workers at the 440,000-barrel-per-day... Read More.

Explainer-What do China’s new US farm purchases mean for global trade?

Monday, May 18 by SRN News

By Ella Cao and Naveen Thukral BEIJING/SINGAPORE, May 18 (Reuters) - China has committed to buying at least $17 billion of U.S. agricultural products annually in addition to soybeans for three years, the White House said on Sunday, after a summit of the two countries'... Read More.

Oil falls over 2% as Trump says he holds off scheduled attack on Iran

Monday, May 18 by SRN News

By Anmol Choubey May 19 (Reuters) - Oil prices fell more than 2% in early Asian trade on Tuesday after U.S. President Donald Trump said he had paused a planned attack on Iran to allow for negotiations to end the war in the Middle East.... Read More.

Australia’s farmers, hit by Iran war costs and dry weather, grow less wheat

Monday, May 18 by SRN News

By Peter Hobson BROCKLESBY, Australia, May 19 (Reuters) - Justin Everitt is planting 50% less wheat this year than he thought he would. Standing in muddy brown boots and jeans by his tractor and 11-metre-wide (36-foot-wide) seeding rig in a bare field, the 44-year-old said... Read More.

RBA worried higher energy costs could quickly lift consumer prices

Monday, May 18 by SRN News

SYDNEY, May 19 (Reuters) - Australia's central bank is worried higher energy costs will feed through to consumer prices quickly given the stretched state of the domestic economy, potentially creating a significant shift in inflation expectations. Sarah Hunter, assistant governor at the Reserve Bank... Read More.

StanChart targets higher return in 2028, plans 15% cut in corporate roles by 2030

Monday, May 18 by SRN News

HONG KONG, May 19 (Reuters) - Standard Chartered on Tuesday raised its return target to more than 15% in 2028 and said it plans to cut its corporate function roles by about 15% by 2030. The bank, in a strategy update to investors, said it... Read More.

Dollar steadies from weakness as Trump calls off planned attack on Iran

Monday, May 18 by SRN News

By Gregor Stuart Hunter SINGAPORE, May 19 (Reuters) - The dollar found support at the start of Asian trading on Tuesday after U.S. President Donald Trump said he had paused a planned attack against Iran to allow negotiations and bond markets stabilised after a two-day... Read More.

Current Weather

OpenAI avoided a costly court loss to Elon Musk, but neither side is unscathed

Asian shares trade mixed and Kospi falls nearly 4% as oil prices keep swinging

Japan, China lead declines in foreign holdings of Treasuries in March, data shows

BP fails to reach deal with union as Indiana refinery lockout drags on

Explainer-What do China’s new US farm purchases mean for global trade?

Oil falls over 2% as Trump says he holds off scheduled attack on Iran

Australia’s farmers, hit by Iran war costs and dry weather, grow less wheat

RBA worried higher energy costs could quickly lift consumer prices

StanChart targets higher return in 2028, plans 15% cut in corporate roles by 2030

Dollar steadies from weakness as Trump calls off planned attack on Iran

On Air Now

Veterans Chronicles

On Air Next

Jason in the House

Political News

New term gives US Supreme Court’s Thomas and Alito more chances to wield power

Trump To Name Jay Clayton As AI Czar

Trump Speaks To Supporters In Alabama

Trump push to end US clock switching hits dead end

Kennedy Center Honors to be held at Capital One Arena amid demolition fight