Business

Food distributor Sysco misses quarterly sales estimates as dining-out demand cools

Tuesday, April 28 by SRN News

April 28 (Reuters) - Sysco on Tuesday reported third-quarter sales below Street estimates, hurt by weakening restaurant demand for packaged food, sending its shares down about 3% in early trading. The packaged and fresh food distributor maintained its annual profit forecast, though higher costs... Read More.

Croatia, Bosnia sign pipeline deal to reduce dependency on Russia

Tuesday, April 28 by SRN News

DUBROVNIK, Bosnia-Herzegovina (AP) - Croatia and Bosnia signed an agreement Tuesday to build a gas pipeline designed to reduce energy dependency on Russia in the volatile Balkans region. The Southern Interconnection pipeline will link Bosnia with Croatia's gas network and the liquefied natural gas terminal... Read More.

Nasdaq opens lower as fresh concerns around AI pressure tech stocks

Tuesday, April 28 by SRN News

April 28 (Reuters) - The Nasdaq Composite opened lower on Tuesday, underperforming the benchmark S&P 500 and the blue-chip Dow, as investors questioned whether the artificial intelligence boom can deliver meaningful growth for technology stocks. The Wall Street Journal reported that AI heavyweight OpenAI had... Read More.

BP’s profit more than doubles in 1Q as Iran war continues and US gas prices rise

Tuesday, April 28 by SRN News

BP's profit more than doubled in the first quarter as the war in Iran continues and the average price for gasoline hit a new high for the year in the U.S. The oil and gas industry has been in upheaval since the start of the... Read More.

United Arab Emirates says it will leave OPEC in a blow to the oil cartel

Tuesday, April 28 by SRN News

DUBAI, United Arab Emirates (AP) - The United Arab Emirates announced Tuesday that it will leave OPEC effective May 1, stripping the oil cartel of one of its largest producers and further weakening its leverage over global oil supplies and prices. The UAE's decision had... Read More.

US consumer confidence unexpectedly improves in April

Tuesday, April 28 by SRN News

WASHINGTON, April 28 (Reuters) - U.S. consumer confidence unexpectedly ticked up in April as a ceasefire in the war with Iran boosted stock prices while labor market perceptions improved, a survey showed on Tuesday. The Conference Board said its consumer confidence index climbed 0.6 points... Read More.

FCC prepares review of Disney’s TV licenses, Semafor reports

Tuesday, April 28 by SRN News

April 28 (Reuters) - The Federal Communications Commission is moving toward a review of Disney's broadcast licenses, Semafor reported on Tuesday, a development that could pressure the ABC owner amid a row between the White House and late-night host Jimmy Kimmel. The FCC could... Read More.

US consumer confidence inches higher in the face of soaring gasoline prices

Tuesday, April 28 by SRN News

WASHINGTON (AP) - U.S. consumer confidence rose modestly in April despite growing anxiety over soaring energy prices brought on by the war in Iran. The Conference Board said Tuesday that its consumer confidence index inched up to 92.8 in April from 92.2 in March.... Read More.

Morning Bid: Talons on show

Tuesday, April 28 by SRN News

By Mike Dolan April 28 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets This week's pack of major central bank meetings got off to a hawkish start with the Bank of Japan. While it kept interest rates... Read More.

Barrick names key executives for North American unit post IPO

Tuesday, April 28 by SRN News

April 28 (Reuters) - Barrick Mining said on Tuesday Wessel Hamman will serve as the chief financial officer of the new company that will hold its North American assets following its IPO. Tim Cribb will serve as the chief operating officer, the company added. The planned... Read More.

Current Weather

Food distributor Sysco misses quarterly sales estimates as dining-out demand cools

Croatia, Bosnia sign pipeline deal to reduce dependency on Russia

Nasdaq opens lower as fresh concerns around AI pressure tech stocks

BP’s profit more than doubles in 1Q as Iran war continues and US gas prices rise

United Arab Emirates says it will leave OPEC in a blow to the oil cartel

US consumer confidence unexpectedly improves in April

FCC prepares review of Disney’s TV licenses, Semafor reports

US consumer confidence inches higher in the face of soaring gasoline prices

Morning Bid: Talons on show

Barrick names key executives for North American unit post IPO

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