Business

Fed policy is in a good place, Daly says

Friday, February 20 by SRN News

Feb 19 (Reuters) - San Francisco Federal Reserve President Mary Daly on Thursday said that with the labor market in a better place because of the Fed's rate cuts last year, and with inflation expected to resume its decline as the impact of tariffs... Read More.

Blue Owl shares slide again as latest capital-return plan unnerves some investors

Friday, February 20 by SRN News

By Isla Binnie NEW YORK, Feb 19 (Reuters) - Private capital manager Blue Owl's latest strategy to return capital from a small debt fund spooked investors on Thursday, three months after a previous attempt pushed down the $307 billion firm's shares. Blue Owl said... Read More.

BUSINESS HEADLINES

Friday, February 20 by SRN News

US trade deficit declined in 2025, but gap for goods hits a record despite Trump tariffs WASHINGTON (AP) - The U.S. trade deficit slipped modestly in 2025, a year in which President Donald Trump upended global commerce by slapping double digit tariffs on imports from... Read More.

Newmont tops profit estimates, sets $1.4 billion outlay for former Newcrest assets

Friday, February 20 by SRN News

By Tanay Dhumal and Divya Rajagopal Feb 19 (Reuters) - Newmont on Thursday beat Wall Street estimates for fourth-quarter profit as a record rally lifted gold prices and offset lower production and said it would invest $1.4 billion to develop assets acquired through its takeover... Read More.

HSBC cuts 10% of US debt capital markets team, Bloomberg News reports

Friday, February 20 by SRN News

Feb 19 (Reuters) - HSBC cut 10% of its U.S.-based debt capital markets team, continuing to cull costs after announcing a revamp of the business last October, Bloomberg News reported on Thursday, citing people familiar with the matter. At least six people in New York... Read More.

Indonesian leader signs trade deal with Trump while in Washington for the Board of Peace

Friday, February 20 by SRN News

WASHINGTON (AP) - Indonesian President Prabowo Subianto signed a reciprocal trade agreement on Thursday with U.S. President Donald Trump while in Washington to attend the first meeting of the Trump-led Board of Peace. Details were not immediately released, but the countries had reached a framework... Read More.

Citi bolsters private bank leadership in North America push

Friday, February 20 by SRN News

Feb 19 (Reuters) - Citigroup's Private Bank North America has appointed Chad Reddy as its market executive for the West, the bank said on Thursday. A 25-year wealth management veteran, Reddy previously worked as managing director and market leader at rival Bank of America Private... Read More.

Guzman y Gomez shares plunge as US sales dwindle amid weak demand

Friday, February 20 by SRN News

Feb 20 (Reuters) - Mexican fast-food chain Guzman y Gomez reported a better-than-expected first-half profit on Friday, but sluggish U.S. sales in a challenging consumer environment sent its shares plunging 16% to a record low. Guzman y Gomez (GYG) debuted on the ASX in June... Read More.

ECB fines JPMorgan’s European arm 12.2 million euros for misreporting capital requirements

Thursday, February 19 by SRN News

FRANKFURT, Feb 19 (Reuters) - The European Central Bank fined JPMorgan's European arm 12.18 million euros ($14.32 million) for misreporting capital requirements after it wrongly calculated risk-weighted assets, the ECB said in a statement on Thursday. "Between 2019 and 2024, the bank reported lower risk-weighted... Read More.

Brazil’s government considers easing airlines’ access to public aviation fund

Thursday, February 19 by SRN News

By Marcela Ayres BRASILIA, Feb 19 (Reuters) - Brazil's Ports and Airports Minister Silvio Costa Filho has asked the Finance Ministry to loosen conditions on loans to airlines backed by the National Civil Aviation Fund (FNAC), a public fund expected to release 4 billion reais... Read More.

Current Weather

Fed policy is in a good place, Daly says

Blue Owl shares slide again as latest capital-return plan unnerves some investors

BUSINESS HEADLINES

Newmont tops profit estimates, sets $1.4 billion outlay for former Newcrest assets

HSBC cuts 10% of US debt capital markets team, Bloomberg News reports

Indonesian leader signs trade deal with Trump while in Washington for the Board of Peace

Citi bolsters private bank leadership in North America push

Guzman y Gomez shares plunge as US sales dwindle amid weak demand

ECB fines JPMorgan’s European arm 12.2 million euros for misreporting capital requirements

Brazil’s government considers easing airlines’ access to public aviation fund

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