Business

Chile’s state-owned miner Codelco says restructuring plan may be delayed until end of 2026

Wednesday, September 16 by SRN News

By Fabian Cambero SANTIAGO, Sept 16 (Reuters) - Chilean state-owned copper giant Codelco's restructuring plan may not be ready until the end of 2026, the company told Reuters on Wednesday, signalling a delay for a much-anticipated strategy meant to address years of stagnant production and... Read More.

Major US banks raise prime rate after first Fed rate hike since 2023

Wednesday, September 16 by SRN News

Sept 16 (Reuters) - Top U.S. banks raised their prime lending rate on Wednesday after the Federal Reserve lifted its benchmark interest rate, a move that would increase borrowing costs for consumers and businesses with loans. Following the Fed's first rate hike since 2023, the... Read More.

Trump says US interest rates should be 1% or lower

Wednesday, September 16 by SRN News

Sept 16 (Reuters) - President Donald Trump said on Wednesday that interest rates in the United States should be 1% or lower and that rates should be cut fast. (Reporting by Ismail Shakil and Bhargav Acharya; Editing by Daphne Psaledakis) Brought to you by Read More.

Union Pacific says high diesel prices shifting freight from trucks to rail

Wednesday, September 16 by SRN News

Sept 16 (Reuters) - Union Pacific on Wednesday said soaring diesel prices were prompting some shippers to move freight from trucks to rail, boosting demand for the railroad as customers seek lower transportation costs. Speaking at the Morgan Stanley Laguna Conference, Chief Financial Officer Jennifer... Read More.

Fed forecasts see latest hike followed by another before end of year

Wednesday, September 16 by SRN News

By Michael S. Derby WASHINGTON, Sept 16 (Reuters) - Federal Reserve officials expect one more interest rate increase this year after raising rates on Wednesday and expect to hold steady in 2027, quarterly projections released after their latest policy meeting showed. At the same time,... Read More.

Stocks pull back after Fed raises rates, points to another hike this year

Wednesday, September 16 by SRN News

NEW YORK, Sept 16 (Reuters) - The Federal Reserve raised interest rates on Wednesday and flagged further increases in borrowing costs in coming months, with new U.S. central bank chief Kevin Warsh joining a unanimous decision that effectively acknowledges the Trump administration's inability... Read More.

Warsh says Fed focus to stay on inflation, underlying trends have not meaningfully improved

Wednesday, September 16 by SRN News

Sept 16 (Reuters) - The Federal Reserve's predominant focus will remain on controlling inflation, Fed Chairman Kevin Warsh said on Wednesday after the U.S. central bank raised rates. "So our predominant focus is on the price stability side of our mandate. Plain fact is that... Read More.

Miami Hurricanes going back to Nike in deal that will exceed $200M, AP source says

Wednesday, September 16 by SRN News

CORAL GABLES, Fla. (AP) - Teams from the University of Miami will be wearing Nike apparel again starting in July 2027, a person familiar with the agreement said Wednesday. The sides have struck a 10-year deal that will exceed $200 million in total value, said... Read More.

On shores of Lake Ontario, the Toronto International Film Festival bristles at Trump’s trade war

Wednesday, September 16 by SRN News

TORONTO (AP) - The 51st Toronto International Film Festival has unspooled against a backdrop of rising tensions between the U.S. and Canadian governments, though it would be hard to tell it from the convivial atmosphere on the ground. TIFF, North America's largest film happening, draws... Read More.

SEC proposes to end shareholder vote oversight, a blow to reformers

Wednesday, September 16 by SRN News

By Ross Kerber Sept 16 (Reuters) - The U.S. Securities and Exchange Commission on Wednesday proposed to end its oversight of corporate shareholder votes on topics like climate change or executive pay, a move critics see as a blow to corporate reforms. The move, expected since... Read More.

Current Weather

Chile’s state-owned miner Codelco says restructuring plan may be delayed until end of 2026

Major US banks raise prime rate after first Fed rate hike since 2023

Trump says US interest rates should be 1% or lower

Union Pacific says high diesel prices shifting freight from trucks to rail

Fed forecasts see latest hike followed by another before end of year

Stocks pull back after Fed raises rates, points to another hike this year

Warsh says Fed focus to stay on inflation, underlying trends have not meaningfully improved

Miami Hurricanes going back to Nike in deal that will exceed $200M, AP source says

On shores of Lake Ontario, the Toronto International Film Festival bristles at Trump’s trade war

SEC proposes to end shareholder vote oversight, a blow to reformers

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