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Analysis-Wall Street’s bank capital victory in sight but hurdles remain

By Pete Schroeder and Michelle Price WASHINGTON, March 18 (Reuters) - Wall Street banks are set to score a win as President Donald Trump's regulators unveil softened new draft capital rules this week, but there could still be fresh technical and political challenges ahead for ...
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Analysis-Is coffee the new cocoa? Some expect coffee prices to also crash

By Marcelo Teixeira TAMPA, Florida, March 18 (Reuters) - Some coffee industry experts have been drawing comparisons between the coffee and cocoa markets, projecting that coffee prices will sink in coming months, just as cocoa prices crashed after the chocolate-making ingredient hit an all-time high ...
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US drivers see gas prices jump to their highest level since 2023 as the Iran war drags on

NEW YORK (AP) - The Iran war has rattled the global flow of oil, with steeper fuel costs already straining households worldwide. And in the U.S., drivers are now facing the highest prices they've seen at the pump in nearly two and a half ...
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Trump postpones his China trip to focus on the war in Iran

WASHINGTON (AP) - President Donald Trump is delaying a diplomatic trip to China that had been planned for months but began to unravel as he pressured Beijing and other world powers to use their military might to protect the Strait of Hormuz. Trump said Tuesday ...
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EU offers to pay Ukraine to fix an oil pipeline that’s been a focal point of Ukraine-Hungary feud

BRUSSELS (AP) - Top European Union officials said Tuesday they have offered to pay Ukraine to repair a damaged pipeline meant to carry crude oil to Hungary, in a bid to persuade the government in Budapest to lift its veto on a massive aid ...
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Boeing shareholders can pursue class action over 737 MAX safety

By Jonathan Stempel March 17 (Reuters) - A federal judge certified a shareholder class action accusing Boeing of concealing safety deficiencies in its 737 MAX planes before two crashes that killed 346 people in 2018 and 2019. In a decision on Monday, U.S. District Judge Franklin ...
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Currency markets drift ahead of RBA meeting as oil uncertainty weighs

By Ankur Banerjee and Jiaxing Li HONG KONG, March 17 (Reuters) - The U.S. dollar drifted on Tuesday as traders weighed developments in the Iran war, while the Australian dollar eased slightly ahead of an expected rate hike from the country's central bank later in ...
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SK Group chairman says wafer shortage to last until 2030, trying to stabilise memory prices

By Max A. Cherney, Stephen Nellis and Heekyong Yang SAN JOSE, California, March 16 (Reuters) - South Korea's SK Group Chairman Chey Tae-won said on Monday the global chip wafer shortage is likely to persist until 2030, as demand driven by artificial intelligence continues to ...
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OpenAI to cut back on side projects to focus on core business, WSJ reports

March 16 (Reuters) - ChatGPT-maker OpenAI's top executives are finalizing plans for a major strategy shift to refocus the company around coding and business users, the Wall Street Journal reported on Monday. Fidji Simo, chief of applications at OpenAI, previewed the changes to employees in ...
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Trading Day: Banking on oil relief

ORLANDO, Florida, March 16 (Reuters) - Wall Street notched solid gains on Monday led by tech, while the dollar and bond yields fell, as volatile oil prices eventually settled lower on the bet - perhaps more in hope than expectation - that the supply ...
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Disney names Debra OConnell as chairman of Disney Entertainment Television

March 16 (Reuters) - Disney on Monday named Debra OConnell as the chairman of Disney Entertainment Television, adding that she will oversee brands including ABC Entertainment, Disney Branded Television, Hulu Originals and National Geographic Content. (Reporting by Vallari Srivastava in Bengaluru; Editing by Alan ...
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Trump says Fed should hold meeting to cut rates now

WASHINGTON, March 16 (Reuters) - President Donald Trump told reporters on Monday that the U.S. Federal Reserve should hold a "special meeting" to cut interest rates "right now." (Reporting by Bo Erickson; Editing by Katharine Jackson) Brought to you by www.srnnews.com
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