Business

China’s factory activity expands at quickest pace in over 5 years, private PMI shows

Wednesday, March 4 by SRN News

By Ellen Zhang and Ryan Woo BEIJING, March 4 (Reuters) - China's factory activity in February expanded at the fastest pace since December 2020, driven by robust demand that helped lift manufacturers' confidence, a private-sector survey showed on Wednesday. The RatingDog China General Manufacturing Purchasing... Read More.

Trial against Meta in New Mexico highlights video depositions by top executives

Wednesday, March 4 by SRN News

SANTA FE, N.M. (AP) - Prosecutors began presenting never-before-seen video depositions of Meta executives at a trial in New Mexico on Tuesday to bolster accusations the social media conglomerate failed to disclose what it knows about harmful effects to children on its platforms, including... Read More.

US FDA warns Novo again about misleading drug advertising

Wednesday, March 4 by SRN News

March 3 (Reuters) - The U.S. Food and Drug Administration has warned Novo Nordisk over a consumer ad for its blockbuster diabetes drug, Ozempic, saying the commercial makes false and misleading claims about the drug's benefits. It is the second time in less than a... Read More.

Shell committed to backstop Raizen with $668 million investment, Brazil CEO says

Wednesday, March 4 by SRN News

By Fabio Teixeira and Marta Nogueira RIO DE JANEIRO, March 3 (Reuters) - London-listed oil company Shell is committed to investing 3.5 billion reais ($667.84 million) in troubled sugar and ethanol maker Raizen, the energy company's Brazil CEO said on Tuesday. Raizen has reported a... Read More.

Ross Stores forecasts annual sales above estimates on resilient demand for discounted apparel

Wednesday, March 4 by SRN News

By Sanskriti Shekhar March 3 (Reuters) - Ross Stores forecast annual sales above Wall Street estimates on Tuesday, betting demand for discounted apparel and accessories will hold up even as macroeconomic uncertainty looms. Shares of the off-price retailer rose about 6% in after-hours trading after... Read More.

Trump’s row with Spain could stall Santander-Webster deal, analyst says

Wednesday, March 4 by SRN News

By Tatiana Bautzer NEW YORK, March 3 (Reuters) - Santander's $12.2 billion acquisition of U.S. regional lender Webster Financial could be stalled by President Donald Trump's decision to suspend trade with Spain, Wells Fargo analyst Mike Mayo said in a note to clients on Tuesday. Mayo... Read More.

Investors, US crude producers scramble to lock in oil price spike

Wednesday, March 4 by SRN News

By Georgina McCartney HOUSTON, March 3 (Reuters) - Investors rushed to lock in a spike in oil prices this week, resulting in a record volume of energy futures and options contracts changing hands on Monday, the first trading day after Israel and the U.S. bombed... Read More.

After abandoning law firm executive orders, Trump administration reverses course and pursues fight

Tuesday, March 3 by SRN News

WASHINGTON (AP) - A day after abandoning its efforts to enforce executive orders that targeted some of the world's most elite law firms, President Donald Trump's administration abruptly reversed course on Tuesday and said it would proceed with the court fight. The unexplained about-face represents... Read More.

Investors make a dash for cash as Iran crisis upends markets

Tuesday, March 3 by SRN News

By Suzanne McGee, Dhara Ranasinghe and Samuel Indyk LONDON/NEW YORK, March 3 (Reuters) - Cash became king in global markets on Tuesday as an escalation in the Middle East conflict dragged down gold, bonds and stocks synchronously, upending the normal interplay between safe and riskier... Read More.

Airline, travel industries scramble with fallout from Middle Eastern conflict

Tuesday, March 3 by SRN News

By Byron Kaye, Joanna Plucinska and Rajesh Kumar Singh SYDNEY/LONDON/CHICAGO, March 3 (Reuters) - The airline and tourism industries scrambled to deal with the fallout from the escalating U.S. and Israeli air war against Iran, while governments rushed to bring stranded travelers home from the... Read More.

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Current Weather

China’s factory activity expands at quickest pace in over 5 years, private PMI shows

Trial against Meta in New Mexico highlights video depositions by top executives

US FDA warns Novo again about misleading drug advertising

Shell committed to backstop Raizen with $668 million investment, Brazil CEO says

Ross Stores forecasts annual sales above estimates on resilient demand for discounted apparel

Trump’s row with Spain could stall Santander-Webster deal, analyst says

Investors, US crude producers scramble to lock in oil price spike

After abandoning law firm executive orders, Trump administration reverses course and pursues fight

Investors make a dash for cash as Iran crisis upends markets

Airline, travel industries scramble with fallout from Middle Eastern conflict

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