Business

S&P 500, Nasdaq touch fresh peaks as oil retreats further

Thursday, May 7 by SRN News

May 7 (Reuters) - The S&P 500 and the Nasdaq touched record highs on Thursday as oil prices plunged further on hopes of a U.S.-Iran peace agreement that could potentially normalize crude supplies through the Strait of Hormuz. At 09:30 a.m. ET, the Dow Jones... Read More.

These numbers show the global impact of Iran’s grip on the Strait of Hormuz

Thursday, May 7 by SRN News

Iran's grip on the Strait of Hormuz has jolted the world economy, causing a spike in fuel prices that has rippled through other sectors with effects far beyond the Middle East. It has also left tens of thousands of mariners and hundreds of ships... Read More.

One Tech Tip: Why digital devices and online accounts need spring cleaning

Thursday, May 7 by SRN News

If the spring season has brought an urge to scrub your living space from top to bottom, why not clear out the digital detritus cluttering your electronic devices and online accounts at the same time? Carrying out the digital equivalent of spring cleaning a... Read More.

US productivity slows further in first quarter

Thursday, May 7 by SRN News

WASHINGTON, May 7 (Reuters) - U.S. worker productivity growth slowed further in the first quarter, but a reversal was likely as businesses invest heavily in artificial intelligence. Nonfarm productivity, which measures hourly output per worker, increased at 0.8% annualized rate last quarter, the Labor Department's... Read More.

Cheniere flags earnings pressure from Middle East disruptions after Q1 loss

Thursday, May 7 by SRN News

May 7 (Reuters) - Cheniere Energy warned that shipping disruptions tied to the Middle East conflict could tighten global gas supply and keep prices volatile, further pressuring the U.S. LNG producer's earnings and cash flow after it swung to a steep quarterly loss. Shares slumped... Read More.

FDA’s new playbook: Lots of media announcements but not much rulemaking

Thursday, May 7 by SRN News

WASHINGTON (AP) - In one of his first major announcements as health secretary, Robert F. Kennedy Jr. called a news conference to unveil a plan to "phase out" synthetic food dyes. Food and Drug Administration Commissioner Marty Makary opened the event by saying his agency... Read More.

Wall Street banks plan final push on capital rules

Thursday, May 7 by SRN News

By Pete Schroeder WASHINGTON, May 7 (Reuters) - Wall Street banks will push again to shrink capital charges on credit card lines and globally important U.S. lenders as they make a final bid to win further capital relief before the U.S. November election, said four... Read More.

US jobless claim applications rise to 200,000 but remain historically low despite economic headwinds

Thursday, May 7 by SRN News

WASHINGTON (AP) - U.S. jobless claim applications rose last week but remain at historically low levels despite elevated inflation and other economic headwinds. The number of Americans filing for unemployment benefits in the week ending May 2 rose by 10,000 to 200,000, the Labor Department... Read More.

Emirates CEO says jet fuel costs ‘well hedged’ through 2029

Thursday, May 7 by SRN News

FRANKFURT, Germany (AP) - Emirates airline group has hedged its exposure to higher jet fuel prices for the next three years and has secured enough supply to meet current and future needs, its CEO said Thursday as the company reported record annual profit. "From a... Read More.

Kenvue beats first-quarter estimates amid pending acquisition by Kimberly-Clark

Thursday, May 7 by SRN News

May 7 (Reuters) - Tylenol-maker Kenvue on Thursday beat Wall Street estimates for first-quarter revenue and profit helped by strong sales in its skin health and beauty brands. The consumer health company, currently in the midst of a $40 billion buyout by Kimberly-Clark, expects the... Read More.

Current Weather

S&P 500, Nasdaq touch fresh peaks as oil retreats further

These numbers show the global impact of Iran’s grip on the Strait of Hormuz

One Tech Tip: Why digital devices and online accounts need spring cleaning

US productivity slows further in first quarter

Cheniere flags earnings pressure from Middle East disruptions after Q1 loss

FDA’s new playbook: Lots of media announcements but not much rulemaking

Wall Street banks plan final push on capital rules

US jobless claim applications rise to 200,000 but remain historically low despite economic headwinds

Emirates CEO says jet fuel costs ‘well hedged’ through 2029

Kenvue beats first-quarter estimates amid pending acquisition by Kimberly-Clark

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