Business

Bessent says he is optimistic Warsh will be Fed chair ‘on time’

Wednesday, April 15 by SRN News

WASHINGTON, April 15 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday said he was optimistic that Kevin Warsh, President Donald Trump's nominee for Federal Reserve Chair, would assume the post on time. "He is going to have a hearing on the 21st of... Read More.

Exclusive-Two Sigma, D.E. Shaw join Wall Street push against US SEC’s bid to relax quarterly reporting

Wednesday, April 15 by SRN News

By Anirban Sen NEW YORK, April 15 (Reuters) - Two Sigma Investments and D.E. Shaw are among several Wall Street investment firms and hedge funds that are fighting a proposal to allow companies to opt out of quarterly reporting, according to people familiar with the... Read More.

BBC will cut up to 2,000 jobs to reduce costs by about 10%

Wednesday, April 15 by SRN News

LONDON (AP) - The BBC said Wednesday that it plans to cut up to 2,000 jobs to save 10% of its annual budget - 500 million pounds ($677 million) - over the next two years. The layoffs announced during a call with staff are the... Read More.

Morgan Stanley eyes capital relief as lobbying push pays off

Wednesday, April 15 by SRN News

By Tatiana Bautzer NEW YORK, April 15 (Reuters) - Morgan Stanley's capital requirements will remain flat or fall modestly under an overhaul of the U.S. capital regime, its Chief Financial Officer Sharon Yeshaya told Reuters, a win for the Wall Street bank that has pushed... Read More.

Finance ministers, stung by hit to economies, call for full Iran war ceasefire

Wednesday, April 15 by SRN News

By William Schomberg WASHINGTON, April 15 (Reuters) - Finance ministers from almost a dozen countries led by Britain called on the U.S., Israel and Iran to implement their ceasefire in full on Wednesday and said the conflict would weigh on the global economy and markets... Read More.

How a US blockade on Iran has sanctioned ships turning around

Wednesday, April 15 by SRN News

FRANKFURT, Germany (AP) - The U.S. Navy is imposing a sea blockade against Iran - the latest escalation in the war that has seen the flow of key energy supplies choked off at the Strait of Hormuz. The blockade that started Monday "has been fully... Read More.

S&P 500 hits first intraday record high since US-Iran war

Wednesday, April 15 by SRN News

April 15 (Reuters) - The S&P 500 touched an intraday record high on Wednesday, its first since the U.S.-Iran conflict began, as hopes of a de-escalation in the war and robust earnings expectations drew investors back into risk assets. Reaching a fresh record during an... Read More.

Robinhood, Webull jump after US SEC approves removal of day-trading limit for smaller investors

Wednesday, April 15 by SRN News

April 15 (Reuters) - Shares of retail trading platforms Robinhood and Webull surged on Wednesday after the U.S. Securities and Exchange Commission paved the way for a new regulatory framework on day-trading limit for smaller investors. Wall Street's top regulator late on Tuesday approved a... Read More.

L3Harris announces $1.27 billion expansion project at Virginia site

Wednesday, April 15 by SRN News

April 15 (Reuters) - L3Harris Technologies and Virginia Governor Abigail Spanberger said on Wednesday the defense supplier will invest $1.27 billion to further the solid rocket motor production capacity at its Orange County site. The announcement comes months after the U.S. government's commitment to invest... Read More.

Wall Street still betting on 2026 deal boom, but Middle East unrest adds caution

Wednesday, April 15 by SRN News

By Manya Saini, Saeed Azhar and Tatiana Bautzer NEW YORK, April 15 (Reuters) - Wall Street's biggest banks still expect 2026 to be a strong year for dealmaking, although turmoil in the Middle East that has roiled global markets has tempered executive optimism. Investment banking fees... Read More.

Current Weather

Bessent says he is optimistic Warsh will be Fed chair ‘on time’

Exclusive-Two Sigma, D.E. Shaw join Wall Street push against US SEC’s bid to relax quarterly reporting

BBC will cut up to 2,000 jobs to reduce costs by about 10%

Morgan Stanley eyes capital relief as lobbying push pays off

Finance ministers, stung by hit to economies, call for full Iran war ceasefire

How a US blockade on Iran has sanctioned ships turning around

S&P 500 hits first intraday record high since US-Iran war

Robinhood, Webull jump after US SEC approves removal of day-trading limit for smaller investors

L3Harris announces $1.27 billion expansion project at Virginia site

Wall Street still betting on 2026 deal boom, but Middle East unrest adds caution

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