Business

War in Middle East will lead to slower growth, higher inflation, IMF chief tells Reuters

Monday, April 6 by SRN News

By Andrea Shalal WASHINGTON, April 6 (Reuters) - The war in the Middle East will lead to higher inflation and slower global growth, the head of the International Monetary Fund told Reuters on Monday, ahead of a fresh forecast for the world economy planned by... Read More.

White House says increased productivity means Fed can cut rates

Monday, April 6 by SRN News

April 6 (Reuters) - White House economic adviser Kevin Hassett told CNBC on Monday that he believes a "supply shock" in the U.S. economy caused by capital spending and higher productivity from artificial intelligence will allow the Federal Reserve to lower interest rates. "If we... Read More.

Barings’ private credit fund limits withdrawals after redemption requests surge

Monday, April 6 by SRN News

April 6 (Reuters) - A private credit fund managed by Barings capped withdrawals at 5% of shares after a surge in redemption requests, the latest in a series of similar moves by asset managers in recent months. Investors in the Barings Private Credit Corp fund... Read More.

Maker of Stanley tumblers prevails in lawsuit over lead scare

Monday, April 6 by SRN News

By Jonathan Stempel April 6 (Reuters) - A federal judge dismissed a proposed class-action lawsuit accusing the maker of Stanley tumblers of concealing that the popular water bottles contained lead. In a decision on Friday, U.S. District Judge Tana Lin in Seattle said consumers did not... Read More.

Fed’s Goolsbee, Hammack say inflation is flashing ‘orange,’ or worse

Monday, April 6 by SRN News

By Ann Saphir April 6 (Reuters) - Cleveland Federal Reserve President Beth Hammack and Chicago Fed President Austan Goolsbee both see inflation as a far bigger problem than employment, underscoring their support for tighter rather than looser monetary policy as the Iran war puts upward... Read More.

JPMorgan CEO Dimon: Iran war could reignite inflation and keep Fed rates higher for longer

Monday, April 6 by SRN News

NEW YORK (AP) - JPMorgan Chase CEO Jamie Dimon warned in his annual shareholder letter that a "resilient" U.S. economy could face renewed inflation pressures if the war in Iran disrupts global energy markets. Dimon described inflation as the potential "skunk at the party" this... Read More.

Global equity funds draw second weekly inflow amid war de-escalation hopes

Monday, April 6 by SRN News

April 6 (Reuters) - Investors bought global equity funds worth a net $15.02 billion in the March 26-April 1 period, logging a second straight week of inflows, on hopes that the U.S.-Israeli war with Iran could soon de-escalate. Global equity funds received inflows of roughly... Read More.

S&P 500, Nasdaq futures edge up as investors weigh Mideast developments

Monday, April 6 by SRN News

By Purvi Agarwal and Avinash P April 6 (Reuters) - Futures tracking the S&P 500 and the Nasdaq ticked up on Monday after the main indexes marked their biggest weekly jump in four months in the last session, as investors assessed prospects of an... Read More.

US crude premiums climb to record levels as Asia, Europe compete for supply

Monday, April 6 by SRN News

By Florence Tan and Siyi Liu SINGAPORE, April 6 (Reuters) - Spot premiums for U.S. West Texas Intermediate crude have jumped to all-time highs as competition between Asian and European refiners for supply heats up to replace Middle Eastern oil flows disrupted by the Iran... Read More.

JPMorgan’s Dimon warns Iran war may drive inflation and interest rates higher

Monday, April 6 by SRN News

By Saeed Azhar NEW YORK, April 6 (Reuters) - JPMorgan Chase CEO Jamie Dimon warned on Monday that the war in Iran risks oil and commodity price shocks that could keep inflation sticky and push interest rates higher than the market now expects. The warning came... Read More.

Current Weather

War in Middle East will lead to slower growth, higher inflation, IMF chief tells Reuters

White House says increased productivity means Fed can cut rates

Barings’ private credit fund limits withdrawals after redemption requests surge

Maker of Stanley tumblers prevails in lawsuit over lead scare

Fed’s Goolsbee, Hammack say inflation is flashing ‘orange,’ or worse

JPMorgan CEO Dimon: Iran war could reignite inflation and keep Fed rates higher for longer

Global equity funds draw second weekly inflow amid war de-escalation hopes

S&P 500, Nasdaq futures edge up as investors weigh Mideast developments

US crude premiums climb to record levels as Asia, Europe compete for supply

JPMorgan’s Dimon warns Iran war may drive inflation and interest rates higher

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