Business

OPEC+ set to agree third oil output quota hike since Hormuz closure, sources say

Sunday, May 3 by SRN News

By Alex Lawler, Olesya Astakhova and Ahmad Ghaddar LONDON, May 3 (Reuters) - OPEC+ is set to agree on Sunday a modest oil output hike, sources said, but the increase will remain largely on paper as long as the U.S.-Iran war continues to disrupt Gulf... Read More.

Cubans struggle to survive on pocket-size government ration books as products dwindle

Sunday, May 3 by SRN News

HAVANA (AP) - José Luis Amate López hasn't had a customer in almost two weeks, not counting the scrawny brown kitten that slinks around the bodega where he works in central Havana. The shelves once laden with goods during his childhood sat nearly empty in... Read More.

BUSINESS HEADLINES

Saturday, May 2 by SRN News

Trump says he'll place 25% tariff on autos from the EU, accusing it of not complying with trade deal WASHINGTON (AP) - The head of the European Parliament trade committee calls President Donald Trump's tariff hike on European Union automobiles "unacceptable." Committee Chair Bernd Lange... Read More.

Berkshire shareholders reject report on workforce oversight, approve say-on-pay

Saturday, May 2 by SRN News

By Jonathan Stempel OMAHA, Nebraska, May 2 (Reuters) - Berkshire Hathaway shareholders on Saturday overwhelmingly rejected a proposal to publish a report discussing how the conglomerate oversees its more than 387,000 employees at nearly 200 businesses. Shareholders also approved proposals backed by Berkshire's board of directors... Read More.

Recent inflation data was ‘bad news,’ Fed’s Goolsbee says

Saturday, May 2 by SRN News

By Howard Schneider WASHINGTON, May 2 (Reuters) - Inflation data last week was "bad news" for the U.S. Federal Reserve and means the Fed needs to be cautious about rate cuts until inflation begins to recede, Chicago Fed President Austan Goolsbee said on Saturday. "We have... Read More.

Berkshire CEO Greg Abel says insurance becoming increasingly competitive

Saturday, May 2 by SRN News

By Suzanne McGee and Jonathan Stempel NEW YORK/OMAHA, Nebraska, May 2 (Reuters) - Berkshire Hathaway reported improved first-quarter performance from the conglomerate's insurance businesses, but CEO Greg Abel told investors the sector faces competitive headwinds. "The reality is that ... as our insurance business softens, we... Read More.

Padres announce agreement to sell team to investor group led by Kwanza Jones and José E. Feliciano

Saturday, May 2 by SRN News

The San Diego Padres have reached an agreement to sell control of the team to an investor group led by Kwanza Jones and José E. Feliciano. The family of late owner Peter Seidler formally announced the deal Saturday. The sale must still be approved by... Read More.

Berkshire CEO Abel says ‘we’re back to first base’ in wildfire litigation

Saturday, May 2 by SRN News

By Jonathan Stempel OMAHA, Nebraska, May 2 (Reuters) - Berkshire Hathaway CEO Greg Abel on Saturday welcomed a recent court decision that could limit liabilities at its PacifiCorp utility business as it defends against lawsuits over wildfires in Oregon and northern California. Speaking at Berkshire's annual... Read More.

Americans on a budget mourn loss of low-cost Spirit Airlines

Saturday, May 2 by SRN News

By Laila Kearney NEW YORK, May 2 (Reuters) - U.S. travelers lamented news of the shutdown of Spirit Airlines on Saturday, saying that the closure of the ultra-low-cost carrier eliminates one of the few air travel options for low-income and working-class Americans. Spirit abruptly cancelled flights... Read More.

America In Focus: Inflation jumps and gas soars but American consumers seemed to take it in stride

Saturday, May 2 by SRN News

In the past week, many Americans remained laser focused on the economy, inflation and how those forces could impact their lives. But it is almost impossible not to notice that trips to the grocery store or gas station are more painful than they were... Read More.

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Current Weather

OPEC+ set to agree third oil output quota hike since Hormuz closure, sources say

Cubans struggle to survive on pocket-size government ration books as products dwindle

BUSINESS HEADLINES

Berkshire shareholders reject report on workforce oversight, approve say-on-pay

Recent inflation data was ‘bad news,’ Fed’s Goolsbee says

Berkshire CEO Greg Abel says insurance becoming increasingly competitive

Berkshire CEO Abel says ‘we’re back to first base’ in wildfire litigation

Americans on a budget mourn loss of low-cost Spirit Airlines

America In Focus: Inflation jumps and gas soars but American consumers seemed to take it in stride

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