Business

US January budget deficit falls to $95 billion as revenue gains outpace spending growth

Wednesday, February 11 by SRN News

WASHINGTON, Feb 11 (Reuters) - The U.S. government posted a $95 billion budget deficit in January, down $34 billion or 26% from a year earlier as revenue gains including customs duties outpaced growth in outlays, the Treasury Department said on Wednesday. Adjusting for routine calendar... Read More.

US trucking market sees signs of recovery as Valentine’s Day flower shipments arrive

Wednesday, February 11 by SRN News

By Abhinav Parmar and Lisa Baertlein Feb 11 (Reuters) - Florida trucking company owner David Armellini is paying about 20% more this year for each of the roughly 200 extra drivers he is hiring to haul fresh-cut Valentine's Day flowers to wholesale florists and grocery... Read More.

Lufthansa says Thursday pilots strike is needless escalation

Wednesday, February 11 by SRN News

BERLIN, Feb 11 (Reuters) - Germany's Lufthansa criticised unions for a walkout planned on Thursday, saying it had no financial leeway to meet the demands. German pilots' union VC has called a 24-hour strike on Thursday at Lufthansa's core airline and freight arm Lufthansa Cargo... Read More.

Bad Bunny streams skyrocketed after the Super Bowl, up 175% in the U.S.

Wednesday, February 11 by SRN News

NEW YORK (AP) - The legacy of Bad Bunny's Super Bowl halftime show continues. Streams of his catalog jumped 175% in the U.S. on Monday, the day after the Super Bowl, when compared to the previous Monday, Feb. 2. That's according to Luminate, an... Read More.

Stellantis issues ‘Do Not Drive’ alert for 225,000 older US vehicles

Wednesday, February 11 by SRN News

By David Shepardson WASHINGTON, Feb 11 (Reuters) - Chrysler-parent Stellantis issued a "Do Not Drive" warning on Wednesday for about 225,000 older vehicles in the United States fitted with unrepaired defective Takata air bag inflators. The warning applies to older Dodge Ram, Durango, Dakota, Magnum, Challenger,... Read More.

Michelin profit hit by US slowdown, sees rebound in 2026

Wednesday, February 11 by SRN News

By Mathias de Rozario Feb 11 (Reuters) - Michelin expects profit to rebound this year after a decline in 2025 caused by a slowdown in the U.S., the French tyre maker said on Wednesday. The group forecast its segment operating income - the combined profit from... Read More.

Citi incoming CFO sees credit card growth, warns rate cap would harm US economy

Wednesday, February 11 by SRN News

By Prakhar Srivastava and Tatiana Bautzer Feb 11 (Reuters) - Citigroup incoming Chief Financial Officer Gonzalo Luchetti said on Wednesday that he sees continued growth in the bank's credit card business, but warned that a proposed interest-rate cap would have "massive ripple effects" across the... Read More.

Wall St gains after stronger-than-expected jobs report

Wednesday, February 11 by SRN News

Feb 11 (Reuters) - Wall Street's main indexes opened higher on Wednesday following a stronger-than-expected jobs data that pointed to a resilient U.S. economy, while the unemployment rate ticked lower for January. The Dow Jones Industrial Average rose 55.0 points, or 0.11%, to 50,243.15... Read More.

US budget deficit to grow to $1.853 trillion in FY2026, CBO says

Wednesday, February 11 by SRN News

WASHINGTON, Feb 11 (Reuters) - The U.S. budget deficit will grow slightly in fiscal 2026 to $1.853 trillion, the Congressional Budget Office forecast on Wednesday, showing that on balance, President Donald Trump's economic policies are worsening the country's fiscal picture amid low economic growth.... Read More.

Factbox-Major U-turns on corporate splits over the years

Wednesday, February 11 by SRN News

Feb 11 (Reuters) - Kraft Heinz on Wednesday halted plans to split into two, joining a small list of companies to backtrack on major corporate restructuring. In September, it announced plans to split into two companies - one focused on groceries and the other on... Read More.

Current Weather

US January budget deficit falls to $95 billion as revenue gains outpace spending growth

US trucking market sees signs of recovery as Valentine’s Day flower shipments arrive

Lufthansa says Thursday pilots strike is needless escalation

Bad Bunny streams skyrocketed after the Super Bowl, up 175% in the U.S.

Stellantis issues ‘Do Not Drive’ alert for 225,000 older US vehicles

Michelin profit hit by US slowdown, sees rebound in 2026

Citi incoming CFO sees credit card growth, warns rate cap would harm US economy

Wall St gains after stronger-than-expected jobs report

US budget deficit to grow to $1.853 trillion in FY2026, CBO says

Factbox-Major U-turns on corporate splits over the years

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