Business

Bessent says confident that core inflation is going down, Fed will need to cut rates

Tuesday, April 14 by SRN News

WASHINGTON, April 14 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday said he was quite confident that core inflation would continue to go down in the United States despite the Iran war, and repeated his call for the Federal Reserve to cut its... Read More.

‘Blend’ countries pay billions extra as access to cheap multilateral loans narrows

Tuesday, April 14 by SRN News

By Colleen Goko JOHANNESBURG, April 14 (Reuters) - Developing nations are paying tens of billions of dollars extra to fund infrastructure, education and health projects due to inadequate access to affordable loans from multilateral development banks (MDBs), a report showed on Tuesday. The study by ONE... Read More.

Boeing jet deliveries slow in March due to 737 MAX wiring issue

Tuesday, April 14 by SRN News

By Dan Catchpole SEATTLE, April 14 (Reuters) - Boeing said on Tuesday it delivered 46 jets in March, down from 51 the prior month, as the company repaired damaged wiring in about 25 of its best-selling 737 MAX planes. Boeing did not specify on Tuesday how... Read More.

IMF cuts growth outlook, warns of potential global recession if Iran war worsens

Tuesday, April 14 by SRN News

By David Lawder WASHINGTON, April 14 (Reuters) - The International Monetary Fund cut its growth outlook on Tuesday due to Iran war-driven energy price spikes and supply disruptions and warned that the global economy would teeter on the brink of recession if the conflict worsens... Read More.

US producer prices increase less than expected in March

Tuesday, April 14 by SRN News

WASHINGTON, April 14 (Reuters) - U.S. producer prices increased less than expected in March as the cost of services was unchanged, but surging energy prices because of the war with Iran were fanning inflation pressures. The Producer Price Index for final demand rose 0.5% last... Read More.

BlackRock quarterly profit rises on active ETFs and performance fees

Tuesday, April 14 by SRN News

April 14 (Reuters) - BlackRock reported a rise in first-quarter profit on Tuesday, reflecting strong flows into its exchange-traded funds (ETFs) and a sharp increase in performance fees, sending its shares up 4.1% in early trading. Total net inflows were $130 billion, mostly into the... Read More.

JPMorgan’s private credit exposure was at $50 billion, CFO says

Tuesday, April 14 by SRN News

NEW YORK ,April 14 (Reuters) - JPMorgan Chase's private credit exposure was about $50 billion, part of a broader exposure of $160 billion in non-bank financial institutions, Chief Financial Officer Jeremy Barnum told an analysts call on Tuesday. (Reporting by Saeed Azahar in New... Read More.

PepsiCo faces pressure to show Elliott-triggered turnaround is working

Tuesday, April 14 by SRN News

(Corrects spelling of surname in paragraphs 7-9 to Link (not Ling) By Alexander Marrow and Juveria Tabassum LONDON, April 14 (Reuters) - Seven months after activist investor Elliott disclosed a $4 billion stake in PepsiCo, the U.S. beverages giant is under pressure to show a turnaround... Read More.

Fed’s Goolsbee says rate cuts may need to wait until 2027

Tuesday, April 14 by SRN News

April 14 (Reuters) - Chicago Federal Reserve President Austan Goolsbee on Tuesday said interest-rate cuts may need to wait until 2027, depending on how long oil prices stay high. "It's our job to get inflation back to 2%," Goolsbee told AP at the Semafor World... Read More.

Banks press for more capital relief, make plans to use excess capital

Tuesday, April 14 by SRN News

By Tatiana Bautzer NEW YORK, April 14 (Reuters) - As the largest banks expect to release billions in capital with regulatory reform, many are already making plans about how to spend them. In a letter to shareholders, J.P. Morgan CEO Jamie Dimon estimated the bank has... Read More.

Current Weather

Bessent says confident that core inflation is going down, Fed will need to cut rates

‘Blend’ countries pay billions extra as access to cheap multilateral loans narrows

Boeing jet deliveries slow in March due to 737 MAX wiring issue

IMF cuts growth outlook, warns of potential global recession if Iran war worsens

US producer prices increase less than expected in March

BlackRock quarterly profit rises on active ETFs and performance fees

JPMorgan’s private credit exposure was at $50 billion, CFO says

PepsiCo faces pressure to show Elliott-triggered turnaround is working

Fed’s Goolsbee says rate cuts may need to wait until 2027

Banks press for more capital relief, make plans to use excess capital

On Air Now

Joe Pags

On Air Next

Jimmy Failla

Political News

Trump push to end US clock switching hits dead end

Kennedy Center Honors to be held at Capital One Arena amid demolition fight

Trump expected to name Jay Clayton as AI czar, CNN reports

Factbox-Top cases on the US Supreme Court’s docket

Trump Heads To Alabama Today (VIDEO)