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Arkansas governor says state won’t comply with new federal rules on treatment of trans students
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Thursday, May 2
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SRN News
Czech central bank cuts a key interest rate again with inflation down and the economy on the mend
PRAGUE (AP) — The Czech Republic’s central bank on Thursday cut its key interest rate for the fourth straight time as inflation dropped and the economy showed signs of recovery. The cut by a half-percentage point brought the interest rate down to 5.25%. The move ...
Thursday, May 2
by
SRN News
Senators want limits on the government’s use of facial recognition technology for airport screening
WASHINGTON (AP) — A bipartisan group of senators is pushing for restrictions on the use of facial recognition technology by the Transportation Security Administration, saying they are concerned about travelers’ privacy and civil liberties. In a letter Thursday, the group of 14 lawmakers called on ...
Thursday, May 2
by
SRN News
Wall St set to open higher as Fed allays rate-hike concerns
By Shristi Achar A and Shashwat Chauhan (Reuters) -U.S. stocks were poised for a higher open on Thursday, a day after the Federal Reserve left interest rates unchanged and allayed worries around potential rate hikes, with focus moving to a spate of earnings reports ...
Thursday, May 2
by
SRN News
Kellanova posts upbeat Q1 results as demand held steady
(Reuters) – Pop-Tarts maker Kellanova beat Wall Street estimates for first-quarter sales and profit on Thursday, boosted by higher prices and firm demand for its breakfast cereals and ready-to-eat snacks. The Rice Krispies maker’s shares were up nearly 2% in premarket ...
Thursday, May 2
by
SRN News
US FTC order bans Exxon Mobil, Pioneer Natural Resources deal
WASHINGTON (Reuters) – The Federal Trade Commission said on Thursday it prevented former Pioneer Natural Resources CEO Scott Sheffield from serving on Exxon Mobil’s board of directors as it resolves antitrust concerns about Exxon’s bid to buy the top shale ...
Thursday, May 2
by
SRN News
US weekly jobless claims unchanged; layoffs decline in April
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits held steady at lower levels last week as the labor market remains fairly tight. Initial claims for state unemployment benefits were unchanged at a seasonally adjusted 208,000 for ...
Thursday, May 2
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SRN News
Companies shift profits into record dividends, but show more caution on stock buybacks
NEW YORK (AP) — Companies continued rewarding investors with healthy dividends in 2023 even as they tread more cautiously with returning profits through stock buybacks. Dividends hit a record $1.66 trillion globally last year, while stock buybacks eased. Investors can likely expect more dividend growth ...
Thursday, May 2
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SRN News
ConocoPhillips misses quarterly profit estimates on lower gas prices
(Reuters) -U.S. oil and gas producer ConocoPhillips missed Wall Street estimates for first-quarter profit on Thursday, as demand concerns led to a sharp fall in natural gas prices. A milder-than-expected winter hurt demand for the heating fuel in the quarter and pulled down natural ...
Thursday, May 2
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SRN News
NYSE-parent ICE’s profit rises on record surge in energy market volatility
(Reuters) -Intercontinental Exchange reported a rise in adjusted profit for the first quarter on Thursday as volumes hit a record on surge in energy markets trading. The conflict in the Middle East has resulted in a reshaping of the global commodities and energy markets, ...
Thursday, May 2
by
SRN News
Artists from Universal Music Group are heading back to TikTok as new licensing deal reached
Artists from Universal Music Group, which include Taylor Swift, Drake, Adele, Bad Bunny and Billie Eilish, will be returning to TikTok as the two parties have struck a new licensing agreement following an approximately three-month long dispute. The two sides said Thursday that they are ...
Thursday, May 2
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SRN News
OPEC+ could extend oil cuts, formal talks yet to start, sources say
By Alex Lawler and Olesya Astakhova LONDON/MOSCOW (Reuters) – OPEC and its allies have yet to begin formal talks on extending 2.2 million barrels per day of voluntary oil output cuts beyond June, but three sources from OPEC+ producers who have ...
Thursday, May 2
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SRN News
Wind farm developer Orsted confident about strategy after Q1 profit rises
By Louise Rasmussen COPENHAGEN (Reuters) – Orsted, the world’s biggest offshore wind farm developer, reported on Thursday a rise in first-quarter operating profit thanks to higher earnings from its offshore wind farms, and confirmed its full-year guidance. The offshore wind ...
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