Business

Brazil’s Lula argues for ban on online betting platforms

Wednesday, April 8 by SRN News

SAO PAULO (AP) - Brazil's President Luiz Inácio Lula da Silva said on Wednesday he favors a national ban on online betting platforms, whose revenues in the South American nation are estimated at more than $4 billion per year, one of the biggest markets... Read More.

Southwest to fly wine for free in rare perk as airline fees rise

Wednesday, April 8 by SRN News

April 8 (Reuters) - Southwest Airlines will fly wine for free from parts of the U.S. West Coast after launching new flights to California's wine country, in a rare freebie as carriers pile on additional charges to cover high jet fuel costs. A spokesperson for... Read More.

Markets gorge on huge TACO

Wednesday, April 8 by SRN News

By Jamie McGeever ORLANDO, Florida, April 8 (Reuters) - World markets soared on Wednesday and oil had its biggest fall in five years, as investors gave a hearty welcome to the ceasefire in the Iran war. The question now is whether this is just a... Read More.

Caterpillar CFO Andrew Bonfield to retire

Wednesday, April 8 by SRN News

April 8 (Reuters) - Caterpillar said on Wednesday CFO Andrew Bonfield would retire, effective October 1, after eight years with the company. The company named Kyle Epley as his successor, effective May 1. Bonfield will be in an advisory role during the transition period. ... Read More.

Iran’s proposal to collect tolls in the Strait of Hormuz violates trade norms

Wednesday, April 8 by SRN News

FRANKFURT, Germany (AP) - To end the war with the United States and Israel, Iran is demanding the right to collect tolls in the Strait of Hormuz as a precondition for reopening the waterway vital to world oil supplies. Yet collecting tolls in the strait... Read More.

Paramount president Jeff Shell is stepping down from his post amid a legal battle

Wednesday, April 8 by SRN News

NEW YORK (AP) - Longtime media executive Jeff Shell is leaving Paramount, in a move that arrives amid a messy legal battle and the Skydance-owned company's ongoing efforts to take over Hollywood rival Warner Bros. Discovery. Paramount confirmed Wednesday that Shell had "elected to transition"... Read More.

US bank profits to rise on deals, but Iran war fuels outlook uncertainty

Wednesday, April 8 by SRN News

By Nivedita Balu April 8 (Reuters) - Large U.S. banks are set to post higher quarterly earnings on strong interest income and investment banking fees, analyst estimates show, though investors will focus on forecasts as rising geopolitical risks involving Iran add to macroeconomic uncertainty. Goldman Sachs... Read More.

Fed minutes show growing openness to rate hikes at March meeting

Wednesday, April 8 by SRN News

By Howard Schneider WASHINGTON, April 8 (Reuters) - A growing group of Federal Reserve policymakers felt last month that interest rate hikes might be needed to counter inflation that continued to exceed the central bank's 2% target, particularly given the inflationary impact of the U.S.-Israeli... Read More.

Berkshire-owned PacifiCorp utility wins ruling that could reduce Oregon wildfire damages

Wednesday, April 8 by SRN News

By Jonathan Stempel April 8 (Reuters) - An appeals court on Wednesday ruled in favor of Berkshire Hathaway's PacifiCorp unit over a series of Oregon wildfires in 2020, saying a trial judge erred in letting litigation against the utility proceed as a class action. The decision... Read More.

Traders place large $950 million bet on oil price falling hours ahead of ceasefire

Wednesday, April 8 by SRN News

By Amanda Cooper, Alex Lawler and Ahmad Ghaddar LONDON, April 8 (Reuters) - Investors placed an approximately $950 million bet on oil prices falling just hours before the U.S. and Iran announced a ceasefire, the latest large wager on the direction of the world's most... Read More.

Current Weather

Brazil’s Lula argues for ban on online betting platforms

Southwest to fly wine for free in rare perk as airline fees rise

Markets gorge on huge TACO

Caterpillar CFO Andrew Bonfield to retire

Iran’s proposal to collect tolls in the Strait of Hormuz violates trade norms

Paramount president Jeff Shell is stepping down from his post amid a legal battle

US bank profits to rise on deals, but Iran war fuels outlook uncertainty

Fed minutes show growing openness to rate hikes at March meeting

Berkshire-owned PacifiCorp utility wins ruling that could reduce Oregon wildfire damages

Traders place large $950 million bet on oil price falling hours ahead of ceasefire

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