Business

Drugmaker Eli Lilly announces new plant in Pennsylvania as part of broader domestic expansion

Friday, January 30 by SRN News

HARRISBURG, Pa. (AP) - Drugmaker Eli Lilly and Co. said Friday that it will build a $3.5 billion manufacturing facility in Pennsylvania, as the company expands domestic production and capitalizes on surging sales of obesity and diabetes treatments. Indianapolis-based Eli Lilly, maker of weight-loss treatment... Read More.

Factbox-Five things to know about Kevin Warsh, Trump’s ‘central casting’ Fed chair pick

Friday, January 30 by SRN News

WASHINGTON, Jan 30 (Reuters) - U.S. President Donald Trump on Friday said he will nominate former Federal Reserve governor Kevin Warsh to return as Fed Chair in May, as the president continues his campaign for lower U.S. interest rates. Here are five key things to... Read More.

Colombia’s central bank shocks with 100-bp rate hike to 10.25%

Friday, January 30 by SRN News

By Nelson Bocanegra and Carlos Vargas BOGOTA, Jan 30 (Reuters) - Colombia's central bank raised its benchmark interest rate by 100 basis points to 10.25% on Friday, its first hike in nearly three years and a larger move than most analysts had expected, as policymakers... Read More.

Citi sees gold supported by risks, with some fading expected later in 2026

Friday, January 30 by SRN News

Jan 30 (Reuters) - Gold investment allocations are being underpinned by a broad mix of overlapping geopolitical and economic risks, but around half of the risk may fade later this year, Citi said on Friday. Some of the core risks supporting gold demand - including... Read More.

Fed’s Musalem says no more rate cuts needed with policy now at neutral level

Friday, January 30 by SRN News

WASHINGTON, Jan 30 (Reuters) - St. Louis Federal Reserve President Alberto Musalem said on Friday the U.S. central bank does not need to cut interest rates further unless the job market starts to deteriorate or inflation falls. The current 3.50%-3.75% policy rate range is neutral,... Read More.

Chevron beats Q4 profit estimate, eyes Venezuela investment opportunities

Friday, January 30 by SRN News

By Sheila Dang HOUSTON, Jan 30 (Reuters) - Chevron's fourth-quarter profits fell but came in ahead of estimates as it focused on cutting costs and making its operations more efficient to contend with lower crude prices throughout 2025. The only U.S. oil producer currently operating in... Read More.

Trump names Warsh as next Federal Reserve Chair

Friday, January 30 by SRN News

LONDON, Jan 30 (Reuters) - U.S. President Donald Trump on Friday said he had picked former Federal Reserve governor Kevin Warsh as the next head of the Federal Reserve, when Chair Jerome Powell steps down in May. The nomination caps a months-long process that often... Read More.

Who is Kevin Warsh?

Friday, January 30 by SRN News

WASHINGTON (AP) - President Donald Trump says he'll tap former Federal Reserve governor Kevin Warsh as the next Fed chair to replace Jerome Powell in May - with Trump believing that he can finally get the booming economy that he promised to voters. When Trump... Read More.

US producer prices rose 0.5% in December, more than expected, on uptick in services inflation

Friday, January 30 by SRN News

WASHINGTON (AP) - U.S. wholesale prices rose a hotter-than-expected 0.5% in December. The Labor Department reported Friday that its producer price index - which measures inflation before it hits consumers - rose from November to December at the fastest pace in three months and faster... Read More.

Saks Global to close most of its Saks Off 5th stores as it restructures during Chapter 11 bankruptcy

Friday, January 30 by SRN News

NEW YORK (AP) - The parent company of Saks Fifth Avenue and Neiman Marcus is closing most of its Saks Off 5th locations to focus on its iconic department stores and raise money to pay off its debts during its Chapter 11 bankuptcy reorganization.... Read More.

Current Weather

Drugmaker Eli Lilly announces new plant in Pennsylvania as part of broader domestic expansion

Factbox-Five things to know about Kevin Warsh, Trump’s ‘central casting’ Fed chair pick

Colombia’s central bank shocks with 100-bp rate hike to 10.25%

Citi sees gold supported by risks, with some fading expected later in 2026

Fed’s Musalem says no more rate cuts needed with policy now at neutral level

Chevron beats Q4 profit estimate, eyes Venezuela investment opportunities

Trump names Warsh as next Federal Reserve Chair

Who is Kevin Warsh?

US producer prices rose 0.5% in December, more than expected, on uptick in services inflation

Saks Global to close most of its Saks Off 5th stores as it restructures during Chapter 11 bankruptcy

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