Business

US stock futures extend gains after April non-farm payrolls data

Friday, May 8 by SRN News

May 8 (Reuters) - U.S. stock index futures extended gains on Friday after a stronger-than-expected jobs report signaled resilience in the labor market and eased concerns about a slowdown in the U.S. economy. A Labor Department report showed the U.S. economy added 115,000 jobs last... Read More.

Porsche AG to cut over 500 jobs as it sharpens focus on core business

Friday, May 8 by SRN News

May 8 (Reuters) - Porsche AG said on Friday that it planned to cut more than 500 jobs as it discontinues three subsidiaries to focus on core business. The company the units Cellforce Group GmbH, Porsche eBike Performance GmbH and Cetitec GmbH would be discontinued. "Porsche... Read More.

Global equity funds draw inflows for the seventh week on earnings optimism

Friday, May 8 by SRN News

May 8 (Reuters) - Global equity funds attracted inflows for a seventh straight week in the period through May 6, supported by upbeat first quarter earnings and hopes for a U.S.-Iran peace agreement. Investors bought a net $4.35 billion of global... Read More.

Private credit roundup: HSBC’s big loss and an FSB warning

Friday, May 8 by SRN News

LONDON, May 8 (Reuters) - HSBC shocked markets with an unexpectedly large $400 million loss linked to a fraud case involving a British mortgage lender this week, turning the spotlight to banks and their deep involvement in the private credit sector. HSBC's loss related to... Read More.

April jobs report shows continued strength

Friday, May 8 by SRN News

NEW YORK, May 8 (Reuters) - U.S. employment increased more than expected in April while the unemployment rate held steady at 4.3%, pointing to labor market resilience and reinforcing expectations that the Federal Reserve would leave interest rates unchanged for some time. Nonfarm payrolls increased... Read More.

Lilly’s obesity pill tops 7,000 prescriptions in fourth week, signals modest uptake

Friday, May 8 by SRN News

By Sneha S K May 8 (Reuters) - Eli Lilly's new weight-loss pill, Foundayo, was prescribed 7,335 times in the U.S. in the fourth week, a modest uptake compared to rival Novo Nordisk's Wegovy pill, analysts said. Wegovy pill, launched in January, has the first-mover advantage... Read More.

US employers defy economic shock from Iran war and add a surprisingly strong 115,000 jobs in April

Friday, May 8 by SRN News

WASHINGTON (AP) - America's employers a delivered a surprising 115,000 new jobs last month despite an economic shock from the Iran war. Hiring was better than the 65,000 forecasters had expected, though it decelerated from the 185,000 jobs created in March. The unemployment rate remained... Read More.

Mercedes-Benz Trucks and Buses Argentina inaugurates $110 million plant

Friday, May 8 by SRN News

By Eliana Raszewski BUENOS AIRES, May 8 (Reuters) - Mercedes-Benz Trucks and Buses Argentina on Friday inaugurated a $110 million industrial truck plant in Zárate, a municipality in Buenos Aires province. The factory can produce up to 10,000 units per year and will produce the Atego... Read More.

Wall St opens higher after jobs data, chip rebound

Friday, May 8 by SRN News

May 8 (Reuters) - U.S. stocks opened higher on Friday after a stronger-than-expected employment report eased worries about a cooling labor market, while a rebound in chipmakers also bolstered investor sentiment. At 09:30 a.m. the Dow Jones Industrial Average rose 209.88 points, or 0.42%, to... Read More.

Andean Community orders Colombia, Ecuador to lift trade curbs

Friday, May 8 by SRN News

QUITO, May 8 (Reuters) - The Andean Community ordered Colombia and Ecuador to lift all measures restricting trade between the two countries, the bloc said late on Thursday. The Community ruled on requests from both nations after Ecuador raised tariffs on imports from Colombia to... Read More.

Current Weather

US stock futures extend gains after April non-farm payrolls data

Porsche AG to cut over 500 jobs as it sharpens focus on core business

Global equity funds draw inflows for the seventh week on earnings optimism

Private credit roundup: HSBC’s big loss and an FSB warning

April jobs report shows continued strength

Lilly’s obesity pill tops 7,000 prescriptions in fourth week, signals modest uptake

US employers defy economic shock from Iran war and add a surprisingly strong 115,000 jobs in April

Mercedes-Benz Trucks and Buses Argentina inaugurates $110 million plant

Wall St opens higher after jobs data, chip rebound

Andean Community orders Colombia, Ecuador to lift trade curbs

On Air Now

Jimmy Failla

On Air Next

The Kliff Davis Show

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