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Oil prices climb amid uncertainty over Iran president’s fate
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Wednesday, May 15
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SRN News
Netflix nears deal for NFL games, Bloomberg News reports
(Reuters) -Netflix is finalizing a deal to buy exclusive rights to stream two National Football League (NFL) games on Christmas Day, Bloomberg News reported on Wednesday, doubling down on efforts to add more live programming on its streaming services. The company will pay less than ...
Wednesday, May 15
by
ABC News
Red Lobster closes multiple locations as company prepares to file for bankruptcy
(NEW YORK) -- Red Lobster has abruptly closed at least 99 locations across the country with restaurants shutting their doors in at least 27 states.Tagex Brands, a company that handles restaurant liquidation auctions, told ABC News that Red Lobster recently contacted them to auction ...
Wednesday, May 15
by
ABC News
Inflation cooled slightly in April, ending monthslong surge in prices
(WASHINGTON) -- Consumer prices rose 3.4% in April compared to a year ago, slowing slightly from the previous month and offering a welcome sign for the Federal Reserve in its yearslong inflation fight. The fresh data matched economists' expectations.After falling dramatically over the course ...
Wednesday, May 15
by
ABC News
Cream cheese recalled over salmonella concerns sold at Aldi, Hy-Vee
(NEW YORK) -- Aldi and Hy-Vee shoppers, check your refrigerator for cream cheese products that have been recalled due to possible salmonella contamination.Details of Aldi, Schreiber Foods, and Hy-Vee cream cheese recalls"In cooperation with Schreiber Foods, Inc., and out of an abundance of caution, ...
Wednesday, May 15
by
SRN News
Retail sales were unchanged in April from March as inflation and interest rates curb spending
NEW YORK (AP) — Retail sales in April were unchanged from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome. The number, which came in well below economists’ expectations, followed a revised 0.6% pace in March, according to ...
Wednesday, May 15
by
SRN News
US retail sales unexpectedly flat in April
WASHINGTON (Reuters) – U.S. retail sales were unexpectedly flat in April as higher gasoline prices pulled spending away from other goods, indicating that consumer spending was losing momentum. The unchanged reading in retail sales last month followed a slightly downwardly revised 0.6% increase in March, ...
Wednesday, May 15
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SRN News
Rising food costs leave hungry Americans $33 billion behind, report says
(Reuters) – Hungry people in the U.S. faced a $33.1 billion shortfall in funds for basic food needs in 2022, but nearly half of them will not qualify for aid, according to a report by national anti-hunger group Feeding America. The shortfall is the highest ...
Wednesday, May 15
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SRN News
Goldman Sachs hires from rivals to expand in mid-market deals
By Anirban Sen NEW YORK (Reuters) – Goldman Sachs told Reuters it has hired two investment bankers, Kerry Burke and Eddie Rubin, from Evercore and Lazard, respectively, as part of a push to double down on its business that focuses on ...
Wednesday, May 15
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SRN News
China’s Nio launches Onvo brand to challenge Tesla’s best-selling model
By Zoey Zhang and Miyoung Kim SHANGHAI (Reuters) -Chinese electric vehicle maker Nio on Wednesday launched the first vehicle in its new lower-priced brand Onvo which aims to compete with Tesla’s Model Y, the world’s best-selling EV. Nio chief executive William Li introduced the Onvo ...
Wednesday, May 15
by
SRN News
Instant view: US consumer prices rise less than expected; retail sales flat
NEW YORK (Reuters) – U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a boost to financial market expectations for a September interest rate cut. U.S. ...
Wednesday, May 15
by
SRN News
Brazil’s central bank fully committed to 3% inflation target, governor says
BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto said on Wednesday that the monetary authority is committed to pursuing its 3% inflation target, and that its policy discussions should “not even mention” the center and band of that ...
Wednesday, May 15
by
SRN News
Morgan Stanley to buy $700 million property loans tied to failed Signature Bank, Bloomberg News reports
(Reuters) – Morgan Stanley has struck a deal with an investor group to buy $700 million of property loans tied to the failed Signature Bank, Bloomberg News reported on Wednesday citing people familiar with the matter. The loans were held ...
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