Business

US draws up strict new AI guidelines amid Anthropic clash, FT reports

Saturday, March 7 by SRN News

March 6 (Reuters) - The Trump administration has drawn up strict rules for civilian artificial intelligence contracts that would require AI companies to allow "any lawful" use of their models amid a stand-off between the Pentagon and Anthropic, the Financial Times reported on Friday. A... Read More.

Iran conflict boosts U.S. Gulf oil prices to highest since 2020

Saturday, March 7 by SRN News

By Siddharth Cavale NEW YORK, March 6 (Reuters) - U.S. Gulf Coast heavy grades continued to surge on Friday as the Iran conflict spurred several Middle Eastern producers of heavy crude to curtail production and drove buyers to scoop up U.S. barrels. Prices of... Read More.

Vertiv, Lumentum, Coherent, EchoStar set to join S&P 500

Saturday, March 7 by SRN News

March 6 (Reuters) - S&P Dow Jones Indices said on Friday that data center equipment maker Vertiv, photonics product makers Lumentum and Coherent, and telecom company EchoStar will join its flagship S&P 500 index. The S&P 500, widely regarded as the benchmark for U.S. large-cap... Read More.

Amid oil shock uncertainty, Fed’s Hammack says central bank must lower inflation

Saturday, March 7 by SRN News

By Michael S. Derby NEW YORK, March 6 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said on Friday that while she expects inflation pressures to moderate, if they are not easing later this year the U.S. central bank may have to weigh... Read More.

Saks Global to shutter 15 more department stores in bankruptcy restructuring

Saturday, March 7 by SRN News

NEW YORK (AP) - The parent company of Saks Fifth Avenue and Neiman Marcus is closing more department stores as it focuses on its most profitable businesses and trims debt during its Chapter 11 bankruptcy restructuring. Saks Global Inc. said Friday it will close... Read More.

Goldman Sachs warns oil may surge above $100/bbl if Hormuz flows don’t recover

Friday, March 6 by SRN News

March 6 (Reuters) - Goldman Sachs said oil prices are likely to exceed $100 per barrel next week if no signs of a solution emerge to the severe disruption in flows through the Strait of Hormuz, warning that upside risks to its base‑case forecast... Read More.

Binance, Zhao win dismissal of lawsuit by victims of 64 attacks

Friday, March 6 by SRN News

By Jonathan Stempel NEW YORK, March 6 (Reuters) - A federal judge on Friday dismissed a civil lawsuit seeking to hold Binance, the world's largest cryptocurrency exchange, and founder Changpeng Zhao liable for transactions that allegedly helped terrorist groups conduct 64 attacks around the world. U.S.... Read More.

Japan, France, Canada work on alternatives to US-led trade bloc for rare earth supplies

Friday, March 6 by SRN News

By Divya Rajagopal TORONTO, March 6 (Reuters) - Group of Seven members Japan, France and Canada are working on alternatives to a U.S.-led trade bloc to secure critical minerals and reduce reliance on China, according to three senior officials from these countries. Some options include import... Read More.

Saks Global to shut 15 more stores as part of restructuring

Friday, March 6 by SRN News

March 6 (Reuters) - Saks Global said on Friday it was closing 15 more stores as the luxury retailer, which filed for bankruptcy earlier this year, tries to cut losses and focus on more profitable, higher-end locations. The company has largely completed the process of... Read More.

Global bond markets tumble on inflation fears

Friday, March 6 by SRN News

By Dhara Ranasinghe LONDON, March 6 (Reuters) - Global government bond markets were headed for one of their worst weekly losses in months, on concerns that war in the Middle East will renew upward pressure on inflation and force more hawkish pivots from central banks. Crude... Read More.

Current Weather

US draws up strict new AI guidelines amid Anthropic clash, FT reports

Iran conflict boosts U.S. Gulf oil prices to highest since 2020

Vertiv, Lumentum, Coherent, EchoStar set to join S&P 500

Amid oil shock uncertainty, Fed’s Hammack says central bank must lower inflation

Saks Global to shutter 15 more department stores in bankruptcy restructuring

Goldman Sachs warns oil may surge above $100/bbl if Hormuz flows don’t recover

Binance, Zhao win dismissal of lawsuit by victims of 64 attacks

Japan, France, Canada work on alternatives to US-led trade bloc for rare earth supplies

Saks Global to shut 15 more stores as part of restructuring

Global bond markets tumble on inflation fears

On Air Now

Brian Kilmeade

On Air Next

Erick Erickson

Political News

The Latest: Alaska, Florida and Wyoming hold primaries as California voters pick Swalwell successor

White House defends Trump’s ability to vote by mail

What to watch for in Tuesday’s voting in Florida, Alaska, California

Florida, Alaska primaries offer early clues to battle for control of Congress

2 Dan Sullivans face off in Alaska’s US Senate primary, which also features a former congresswoman