Business

Analysis-Surging oil drives worries for US stock investors

Monday, March 9 by SRN News

By Lewis Krauskopf NEW YORK, March 9 (Reuters) - A stunning surge in oil prices above $100 a barrel is rattling U.S. stock investors, as they brace for an even sharper rise in energy prices that could stagger the economy and further damage equities. The 50%... Read More.

Putin says energy crisis has arrived but Russia is ready to work with Europe

Monday, March 9 by SRN News

MOSCOW, March 9 (Reuters) - Russian President Vladimir Putin said on Monday that the U.S.-Israeli war on Iran had triggered a global energy crisis and cautioned that oil production dependent on transport through the Strait of Hormuz could soon come to a halt. Putin said... Read More.

Cboe to launch prediction market contracts beyond binary bets, offering partial payouts

Monday, March 9 by SRN News

March 9 (Reuters) - Derivatives and securities exchange operator Cboe said on Monday it plans to launch prediction market contracts offering partial payouts based on the accuracy of traders' predictions, moving beyond the traditional all-or-nothing format. The move mirrors features used in betting apps, where... Read More.

Back to the 1970s? Investors brace for a return of stagflation

Monday, March 9 by SRN News

By Alun John, Yoruk Bahceli and Sophie Kiderlin LONDON, March 9 (Reuters) - Investors are now seriously considering the possibility that war in the Middle East could create a stagflationary shock, just as it did 50 years ago, when disruption to global energy supplies... Read More.

Factbox-Global drugmakers rush to boost US presence as tariff threat looms

Monday, March 9 by SRN News

March 9 (Reuters) - Global drugmakers are ramping up U.S. manufacturing and stockpiling inventory as the Trump administration considers a 100% tariff on imported branded and patented medicines. Although enforcement is delayed for companies investing in U.S. manufacturing, the policy has already prompted fast-tracked projects,... Read More.

Simon & Schuster names former Amazon executive Greg Greeley as CEO, succeeding Jonathan Karp

Monday, March 9 by SRN News

NEW YORK (AP) - Simon & Schuster has named a former Amazon.com executive, Greg Greeley, as its new CEO. The publisher announced Monday that Greeley's appointment is effectively immediately. The 62-year-old Greeley succeeds Jonathan Karp, who announced last year that he was stepping down... Read More.

NY Fed survey finds relative calm in inflation expectations ahead of Iran war

Monday, March 9 by SRN News

March 9 (Reuters) - In what's likely to be the calm before the storm, Americans' inflation expectations were little changed in February amid mixed views on the state of the job market and current and future finances. The Federal Reserve Bank of New York said... Read More.

California lithium company to go public in $4.7 billion SPAC deal

Monday, March 9 by SRN News

March 9 (Reuters) - Lithium developer Controlled Thermal Resources (CTR) will go public in the U.S. through a $4.7 billion merger with blank-check firm Plum Acquisition Corp IV, the companies said on Monday. Deals by special purpose acquisition companies (SPAC) have bounced back on Wall... Read More.

Oil shock to worsen should US-Israel seize Iran’s Kharg Island, JP Morgan says

Monday, March 9 by SRN News

LONDON, March 9 - Iran's oil exports would stall and output halve if the U.S. and Israel were to seize its port on Kharg Island, triggering further attacks from Tehran on regional oil infrastructure, JP Morgan said in a note. Axios reported on March 7... Read More.

Hims & Hers Health and Novo Nordisk end lawsuit over weight loss medications, enter collaboration

Monday, March 9 by SRN News

Novo Nordisk is dismissing its patent infringement lawsuit against telehealth company Hims & Hers, as the two companies have reached an agreement that will see Novo Nordisk's branded weight loss medicines sold through the Hims platform. Shares of Hims & Hers Health Inc. jumped more... Read More.

Current Weather

Analysis-Surging oil drives worries for US stock investors

Putin says energy crisis has arrived but Russia is ready to work with Europe

Cboe to launch prediction market contracts beyond binary bets, offering partial payouts

Back to the 1970s? Investors brace for a return of stagflation

Factbox-Global drugmakers rush to boost US presence as tariff threat looms

Simon & Schuster names former Amazon executive Greg Greeley as CEO, succeeding Jonathan Karp

NY Fed survey finds relative calm in inflation expectations ahead of Iran war

California lithium company to go public in $4.7 billion SPAC deal

Oil shock to worsen should US-Israel seize Iran’s Kharg Island, JP Morgan says

Hims & Hers Health and Novo Nordisk end lawsuit over weight loss medications, enter collaboration

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