Business

Fed minutes: Lower inflation needed before many officials will support rate cuts

Wednesday, February 18 by SRN News

WASHINGTON (AP) - Many Federal Reserve officials want to see inflation fall further before they would support additional interest rate cuts this year, particularly if the job market continues to stabilize, minutes of last month's meeting show. The "vast majority" of the 19 participants... Read More.

Nestle proposes former SNB chief Thomas Jordan for board of directors

Wednesday, February 18 by SRN News

ZURICH, Feb 18 (Reuters) - Swiss consumer goods giant Nestle said on Wednesday it has proposed former Swiss National Bank Chairman Thomas Jordan to serve on its board of directors and that it plans to overhaul the company's governance practices. Nestle has been roiled by... Read More.

Grandson of the inventor of Reese’s Peanut Butter Cups accuses Hershey of cutting corners

Wednesday, February 18 by SRN News

The grandson of the inventor of Reese's Peanut Butter Cups has lashed out at The Hershey Co., accusing the candy company of hurting the Reese's brand by shifting to cheaper ingredients in many products. Hershey acknowledges some recipe changes but said Wednesday that it was... Read More.

Backcountry ski trip hit by avalanche led by tour outfit offering mountain adventures globally

Wednesday, February 18 by SRN News

The group of 15 was on a three-day trek organized by Blackbird Mountain Guides into pristine backcountry wilderness near Frog Lake in California's Sierra Nevada mountains near Lake Tahoe. Skiers carried in their own food and overnighted in huts situated at 7,600 feet (3,415 meters). "If... Read More.

Rare earths surge above price floor given to MP Materials

Wednesday, February 18 by SRN News

By Eric Onstad LONDON, Feb 18 (Reuters) - Prices of two key rare earths, crucial for making super-strong magnets used in EVs and defence equipment, have rallied on firm demand and bottlenecks in supply, above a ground-breaking price floor provided by the U.S. last year... Read More.

Exclusive-US refiners Phillips 66, Citgo seek to buy crude directly from Venezuela, sources say

Wednesday, February 18 by SRN News

By Nicole Jao, Arathy Somasekhar and Marianna Parraga HOUSTON, Feb 18 (Reuters) - U.S. refiners Phillips 66 and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state oil company PDVSA starting in April to maximize profits, rather than purchasing through trading houses... Read More.

Starbucks’ investor group urges shareholders to replace directors over labor row

Wednesday, February 18 by SRN News

Feb 18 (Reuters) - Starbucks faced fresh pressure on Wednesday from a coalition of investors including public-sector pension funds that urged shareholders to vote against the reelection of two directors, citing persistent failure to manage labor relations. The move against Starbucks' lead independent director, Jorgen... Read More.

BofA expands loyalty program to attract more customers

Wednesday, February 18 by SRN News

Feb 18 (Reuters) - Bank of America plans to launch a new loyalty program that will extend rewards to a wider range of customers, it said on Wednesday, as U.S. lenders race to deepen relationships with retail clients. The new program, called BofA Rewards, will... Read More.

Millions of US Medicare Advantage enrollees forced to switch plans, study finds

Wednesday, February 18 by SRN News

By Amina Niasse Feb 18 (Reuters) - Nearly 3 million people with Medicare Advantage plans - or about 10% of all enrollees in the privately-managed program - had to find alternative coverage in 2026, as health insurers exited markets and scaled back plan options, according... Read More.

Trian’s Nelson Peltz says Wendy’s shares undervalued

Wednesday, February 18 by SRN News

Feb 18 (Reuters) - Activist investor Nelson Peltz said in an SEC filing on Wednesday that the fast-food chain Wendy's stock is currently undervalued, sending its shares up about 13%. According to the filing, Peltz's Trian Fund Management has spoken with possible financing sources, co‑investors,... Read More.

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Current Weather

Fed minutes: Lower inflation needed before many officials will support rate cuts

Nestle proposes former SNB chief Thomas Jordan for board of directors

Grandson of the inventor of Reese’s Peanut Butter Cups accuses Hershey of cutting corners

Backcountry ski trip hit by avalanche led by tour outfit offering mountain adventures globally

Rare earths surge above price floor given to MP Materials

Exclusive-US refiners Phillips 66, Citgo seek to buy crude directly from Venezuela, sources say

BofA expands loyalty program to attract more customers

Millions of US Medicare Advantage enrollees forced to switch plans, study finds

Trian’s Nelson Peltz says Wendy’s shares undervalued

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