Business

Trump mulls extending shipping waiver to ease US oil shipments, Axios reports

Tuesday, April 21 by SRN News

April 21 (Reuters) - U.S. President Donald Trump is considering extending the Jones Act waiver, which allows foreign-flagged cargo ships to move fuel and other goods between domestic ports, Axios reported on Tuesday, citing U.S. officials. Trump waived Jones Act limitations for 60 days starting... Read More.

Stocks gain, dollar wobbles as Trump extends Iran ceasefire

Tuesday, April 21 by SRN News

SINGAPORE, April 22 (Reuters) - U.S. stock futures rose and the dollar wavered on Wednesday after President Donald Trump said he would indefinitely extend the Iran ceasefire keeping sentiment buoyed although with the Strait of Hormuz still closed oil held onto its recent gains.... Read More.

America Movil posts Q1 profit up 25%

Tuesday, April 21 by SRN News

MEXICO CITY, April 21 (Reuters) - Mexican telecoms giant America Movil on Tuesday posted a 25.1% rise in profit for the first quarter, driven by stronger operating earnings and lower financing costs. America Movil, controlled by the family of Mexican billionaire Carlos Slim, reported a... Read More.

Trump media company replaces CEO, ex-congressman Nunes after stock plunge that wiped out billions

Tuesday, April 21 by SRN News

NEW YORK (AP) - The Trump business behind Truth Social is replacing a former congressman and big supporter of the U.S. president as leader of the social media platform after a stock collapse that wiped out billions in investor wealth. Devin Nunes, a former California... Read More.

South32 trims Australia manganese outlook after wet season, cyclone impact

Tuesday, April 21 by SRN News

April 22 (Reuters) - South32 on Wednesday cut its full‑year forecast for Australia manganese after wet‑season rainfall and Tropical Cyclone Narelle disrupted operations, even as third‑quarter output rose on stronger contributions from the unit. In March, Narelle had forced the company to temporarily halt operations... Read More.

GM delays next-gen EV truck program, Crain’s Detroit reports

Tuesday, April 21 by SRN News

DETROIT, April 21 (Reuters) - General Motors is indefinitely delaying its next-generation full-size electric truck program, including the GMC Sierra and Chevrolet Silverado, which was set to start in 2028, Crain's Detroit Business reported on Tuesday, citing sources. GM was planning for lower-cost new electric... Read More.

United Airlines echoes industry caution as Iran war fuel surge squeezes margins

Tuesday, April 21 by SRN News

By Rajesh Kumar Singh CHICAGO, April 21 (Reuters) - United Airlines on Tuesday forecast second-quarter and full-year profits below Wall Street estimates as higher jet fuel prices squeeze margins and cloud its near-term outlook, even as demand for premium travel stays robust. The Chicago-based carrier's shares... Read More.

US oil prices rise as US-Iran peace talks remain uncertain

Tuesday, April 21 by SRN News

By Yuka Obayashi TOKYO, April 22 (Reuters) - U.S. crude futures rose in early trade on Wednesday, despite Washington's announcement that it would indefinitely extend a ceasefire with Iran, as uncertainty over peace talks persisted and the Strait of Hormuz remained effectively closed. U.S. West Texas... Read More.

BHP’s third-quarter iron ore output rises 3%

Tuesday, April 21 by SRN News

April 22 (Reuters) - BHP Group on Wednesday said its third-quarter iron ore production rose 3%, as strong performance at its Western Australia operations outweighed disruptions due to two tropical cyclones during the period. The world's largest listed miner said iron ore output from its... Read More.

Saving Spirit Airlines possibly puts ‘good money after bad’, Transportation head Duffy says

Tuesday, April 21 by SRN News

WASHINGTON, April 21 (Reuters) - U.S. Transportation Secretary Sean Duffy on Tuesday raised concerns about using government funds to rescue low-cost bankrupt airline Spirit Airlines. "What we don't want to do is put good money after bad, and there's been a lot of money... Read More.

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Trump mulls extending shipping waiver to ease US oil shipments, Axios reports

Stocks gain, dollar wobbles as Trump extends Iran ceasefire

America Movil posts Q1 profit up 25%

Trump media company replaces CEO, ex-congressman Nunes after stock plunge that wiped out billions

South32 trims Australia manganese outlook after wet season, cyclone impact

GM delays next-gen EV truck program, Crain’s Detroit reports

United Airlines echoes industry caution as Iran war fuel surge squeezes margins

US oil prices rise as US-Iran peace talks remain uncertain

BHP’s third-quarter iron ore output rises 3%

Saving Spirit Airlines possibly puts ‘good money after bad’, Transportation head Duffy says

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