Business

Iran war to accelerate China’s shift to electric trucks from diesel

Thursday, May 7 by SRN News

By Sam Li and Lewis Jackson BEIJING, May 7 (Reuters) - The jump in diesel prices triggered by the Iran war is expected to accelerate electrification of China's heavy truck fleet this year, analysts and automakers say, and speed a decline in fuel demand in... Read More.

Maersk profit beats forecasts, Iran war clouds outlook

Thursday, May 7 by SRN News

COPENHAGEN, May 7 (Reuters) - Shipping group Maersk beat first-quarter profit forecasts on Thursday but kept its full-year earnings guidance unchanged, warning the Iran war had clouded the outlook for freight rates and costs. Maersk, which is often seen as a bellwether for global trade,... Read More.

Shell’s profit beats expectations at $6.9 billion, cuts share buybacks

Thursday, May 7 by SRN News

By Shadia Nasralla and Stephanie Kelly LONDON, May 7 (Reuters) - Shell's first-quarter adjusted earnings, its definition of net profit, rose to $6.92 billion, the company said on Thursday, beating an analyst consensus of $6.36 billion in a company-provided poll and up from $5.58... Read More.

Worries about AI’s risks to humanity loom over the trial pitting Musk against OpenAI’s leaders

Thursday, May 7 by SRN News

OAKLAND, Calif. (AP) - At the heart of the trial pitting Elon Musk against OpenAI CEO Sam Altman is a moment when they found common cause on an ever more pressing question: how to protect humanity from the risks of artificial intelligence. It turned sour,... Read More.

Morning Bid: No stopping AI frenzy in Asia

Thursday, May 7 by SRN News

A look at the day ahead in European and global markets from Ankur Banerjee Japan's Nikkei returned from holiday and jumped onto the scorching AI rally, joining South Korea and Taiwan equities at record peaks, while oil prices hovered near $100 per barrel as markets... Read More.

Dollar on defensive as markets hope for best on Middle East

Wednesday, May 6 by SRN News

By Wayne Cole SYDNEY, May 7 (Reuters) - The dollar remained on the defensive on Thursday as hopes for a de-escalation in the Iran-U.S. war supported oil-exposed currencies, while Tokyo resumed its verbal intervention in support of the yen keeping speculators cautious. Iran said on Wednesday... Read More.

China asks banks to pause new loans to US-sanctioned refiners, Bloomberg News reports

Wednesday, May 6 by SRN News

May 6 (Reuters) - China's financial regulator has advised the country's largest lenders to temporarily suspend new loans to five refineries recently sanctioned by the U.S. over their ties to Iranian oil, Bloomberg News reported on Wednesday, citing people familiar with the matter. Reuters could... Read More.

Asian stocks hit record high, dollar wobbles on peace deal hopes

Wednesday, May 6 by SRN News

By Ankur Banerjee SINGAPORE, May 7 (Reuters) - Asian stocks soared to record highs on Thursday while the U.S. dollar slipped and oil nursed steep losses as traders embraced the prospect of a peace deal in the Middle East, although the fate of the critical... Read More.

BUSINESS HEADLINES

Wednesday, May 6 by SRN News

Lower-income Americans hit hardest by gas price spike, widening inequalities, study finds WASHINGTON (AP) - Lower-income Americans sharply reduced their gas consumption in the month following the Iran war, yet spiking prices still forced them to spend more at the pump, worsening the economy's disparities,... Read More.

European Union trade committee chair says deal with US still needs work

Wednesday, May 6 by SRN News

May 7 (Reuters) - European Union lawmakers are making progress toward an agreement on legislation underpinning the EU-U.S. trade agreement, but "there is still some way to go," the EU parliament's trade committee chair Bernd Lange said on Wednesday. Lange said a second round of... Read More.

Current Weather

Iran war to accelerate China’s shift to electric trucks from diesel

Maersk profit beats forecasts, Iran war clouds outlook

Worries about AI’s risks to humanity loom over the trial pitting Musk against OpenAI’s leaders

Morning Bid: No stopping AI frenzy in Asia

Dollar on defensive as markets hope for best on Middle East

China asks banks to pause new loans to US-sanctioned refiners, Bloomberg News reports

Asian stocks hit record high, dollar wobbles on peace deal hopes

BUSINESS HEADLINES

European Union trade committee chair says deal with US still needs work

On Air Now

Brian Kilmeade

On Air Next

Jimmy Failla

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