Business

From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk

Tuesday, April 7 by SRN News

By Howard Schneider, Timothy Aeppel, Sarah McFarlane and Sumit Khanna SAN FRANCISCO/AHMEDABAD, India, April 7 (Reuters) - Kevin Kelly is in a tough spot. What he says are unprecedented price increases in the weeks since the United States waged war on Iran mean the Californian,... Read More.

Levi Strauss lifts annual forecasts as strong demand cushions tariff hit

Tuesday, April 7 by SRN News

By Savyata Mishra April 7 (Reuters) - Levi Strauss on Tuesday raised its annual sales and profit forecasts, banking on resilient demand for its denim across all categories and strength in its direct-to-consumer business to help offset a hit from U.S. tariffs. Shares of the... Read More.

US transportation secretary sees room for airline mergers

Tuesday, April 7 by SRN News

By David Shepardson WASHINGTON, April 7 (Reuters) - U.S. Transportation Secretary Sean Duffy said on Tuesday he thinks there is room for consolidation in the U.S. airline industry but said any potential deal would face close scrutiny on how it would affect consumers. "If there was... Read More.

Fed’s Jefferson sees risks to both employment, inflation

Tuesday, April 7 by SRN News

By Ann Saphir April 7 (Reuters) - Federal Reserve Vice Chair Philip Jefferson on Tuesday reiterated his view that short-term borrowing costs are set appropriately to allow the central bank to respond as needed to the uncertain effects of rising energy prices and the conflict... Read More.

Trading Day: Trump’s Iran deadline looms

Tuesday, April 7 by SRN News

By Jamie McGeever ORLANDO, Florida, April 7 (Reuters) - Wall Street recovered earlier losses to end mostly flat on Tuesday, as traders awaited the deadline later in the evening that U.S. President Donald Trump has given Iran to re-open the Strait of Hormuz and get... Read More.

Panama authorizes First Quantum to remove material from closed copper mine

Tuesday, April 7 by SRN News

PANAMA CITY, April 7 (Reuters) - Panama's trade ministry has issued a resolution allowing First Quantum Minerals to remove material from its shuttered Cobre Panama mine out of the country. The ministry said in a statement this resolution aims to prevent environmental risks and protect... Read More.

Goolsbee says stagflationary shock of Iran war puts Fed in a bind

Tuesday, April 7 by SRN News

April 7 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee said on Tuesday he is worried that the Iran war will drive inflation higher even as it slows the U.S. economy, putting the Fed in an uncomfortable position where there is no obvious... Read More.

Fed’s Williams: FOMC leadership not in question amid slow Warsh confirmation

Tuesday, April 7 by SRN News

April 7 (Reuters) - Federal Reserve Bank of New York President John Williams said on Tuesday that U.S. Federal Reserve Chair Jerome Powell would remain in charge of the central bank's key monetary policy function even if Kevin Warsh has not been confirmed as... Read More.

Iran War may boost inflation, but not expectations, per Dallas Fed research

Tuesday, April 7 by SRN News

By Ann Saphir April 7 (Reuters) - An extended disruption of the world's oil trade from the Iran War could lift headline U.S. inflation to well over 4% by year-end, with even bigger increases possible in the short-term, fresh research from the Dallas Federal Reserve... Read More.

Bayer US head says tariffs will not affect its 2026 forecasts

Tuesday, April 7 by SRN News

By Michael Erman NEW YORK, April 7 (Reuters) - A top Bayer AG executive said on Tuesday the German drugmaking and crop science company saw no need to adjust its 2026 forecasts because of tariffs on imported pharmaceuticals announced by the U.S. government last week. "We... Read More.

Current Weather

From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk

Levi Strauss lifts annual forecasts as strong demand cushions tariff hit

US transportation secretary sees room for airline mergers

Fed’s Jefferson sees risks to both employment, inflation

Trading Day: Trump’s Iran deadline looms

Panama authorizes First Quantum to remove material from closed copper mine

Goolsbee says stagflationary shock of Iran war puts Fed in a bind

Fed’s Williams: FOMC leadership not in question amid slow Warsh confirmation

Iran War may boost inflation, but not expectations, per Dallas Fed research

Bayer US head says tariffs will not affect its 2026 forecasts

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