Business

Brazil inflation slightly exceeds forecasts in April as pace of rate cuts slows

Friday, May 10 by SRN News

SAO PAULO (Reuters) – Brazil’s annual inflation continued to trend down but slightly less than expected in April, official data showed on Friday, in the first consumer price readings after the nation’s central bank voted to reduce the pace of... Read More.

Factbox-Chinese EV makers set sights on European production

Friday, May 10 by SRN News

(Reuters) -Some Chinese carmakers are looking to set up manufacturing and assembly plants in Europe as they aim to ramp up sales of lower-cost cars in the region to rival their European competitors amid slowing demand at home. European imports of Chinese-made electric vehicles (EVs)... Read More.

Canada job gains blow past forecasts, dampening bets on June rate cut

Friday, May 10 by SRN News

By Ismail Shakil OTTAWA (Reuters) – Canada’s economy added five times the number of jobs that were forecast for April and the unemployment rate unexpectedly held at 6.1%, data showed on Friday, dampening market bets for a June rate cut. The economy... Read More.

Target to reduce number of stores carrying LGBTQ-themed merchandise after last year’s backlash

Friday, May 10 by SRN News

NEW YORK (AP) — Target confirmed that it won’t be carrying its LGBTQ+ merchandise for Pride month in June in some stores after the discount retailer received backlash last year for its assortment that also cut into sales. Target, which operates roughly 2,000 stores, said... Read More.

US consumer sentiment drops to 6-month low on inflation, unemployment fears

Friday, May 10 by SRN News

WASHINGTON (AP) — U.S. consumer sentiment fell sharply in May to the lowest level in six months as Americans cited stubbornly high inflation and interest rates, as well as fears that unemployment could rise. The University of Michigan’s consumer sentiment index, released Friday in... Read More.

Polish farmers march in Warsaw against EU climate policies and the country’s pro-EU leader

Friday, May 10 by SRN News

WARSAW, Poland (AP) — Tens of thousands of disgruntled Polish farmers marched through downtown Warsaw on Friday to protest the European Union’s climate policies and oppose the pro-EU government of Prime Minister Donald Tusk. The march under the slogan “Down with the Green Deal” was... Read More.

Ford’s Lawler to hand over CFO role to ex-Lucid executive, transition to vice chair

Friday, May 10 by SRN News

(Reuters) -Ford Motor said on Friday that John Lawler would hand over his role as finance chief to ex-Lucid Motors CFO Sherry House in 2025 as he transitions to vice chair to take on broader responsibilities at the Detroit automaker. House, who has previously held... Read More.

Global equity funds attract big inflows as rate cut bets rise

Friday, May 10 by SRN News

(Reuters) – Demand for global equity funds rose sharply in the seven days to May 8, driven by renewed bets on Federal Reserve interest rate cuts after a softer than anticipated U.S. employment report. Investors bought a net... Read More.

Suspected pirate attack in the Gulf of Aden raises concerns about growing Somali piracy

Friday, May 10 by SRN News

JERUSALEM (AP) — A European naval force detained six suspected pirates on Friday after they opened fire on an oil tanker traveling through the Gulf of Aden, officials said, likely part of a growing number of piracy attacks emanating from Somalia. The attack on... Read More.

Target to reduce number of stores carrying Pride-themed merchandise after last year’s backlash

Friday, May 10 by SRN News

NEW YORK (AP) — Target confirmed that it won’t be carrying its LGBTQ+ merchandise for Pride month in June in some stores after the discount retailer received backlash last year for its assortment that also cut into sales. Target, which operates roughly 2,000 stores, said... Read More.

Current Weather

Brazil inflation slightly exceeds forecasts in April as pace of rate cuts slows

Factbox-Chinese EV makers set sights on European production

Canada job gains blow past forecasts, dampening bets on June rate cut

Target to reduce number of stores carrying LGBTQ-themed merchandise after last year’s backlash

US consumer sentiment drops to 6-month low on inflation, unemployment fears

Polish farmers march in Warsaw against EU climate policies and the country’s pro-EU leader

Ford’s Lawler to hand over CFO role to ex-Lucid executive, transition to vice chair

Global equity funds attract big inflows as rate cut bets rise

Suspected pirate attack in the Gulf of Aden raises concerns about growing Somali piracy

Target to reduce number of stores carrying Pride-themed merchandise after last year’s backlash

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