A powerful spring storm system that whipped up deadly tornadoes over the southern and Midwestern US is expected to bring severe thunderstorms and wind gusts to parts of the East Coast late Saturday, including to New York City.
The year of the bond is in danger of hitting a wall.
European Central Bank Executive Board member Fabio Panetta said company profit margins might be having a bigger impact on inflation than is generally acknowledged, according to an interview with the New York Times.
Australian startup Recharge Industries’ bid to buy land owned by Britishvolt is at risk of collapse over a power supply contract signed by the failed UK battery company, the Financial Times reported, citing people with knowledge of the offer.
Russia is boosting its production of conventional and high-precision ammunition, defense secretary Sergei Shoigu said on Saturday, days after he visited munitions factories in two regions in inspect the production of artillery and missiles. “Necessary measures” are being taking to ramp up output, Shoigu said.
Inflation in Peru’s capital came in above expectations in March, slowing less than expected, as protests that disrupted key supply chains in the mining, tourism and agribusiness industries eased.
What’s buzzing on social media this morning:
Morgan Stanley’s Manan Gosalia saw risks gathering over Silicon Valley Bank as tech startups burned through cash.
Just when it seemed like things were getting back to normal at Rhett Ricart’s Columbus, Ohio, car dealerships — after pandemic-induced inventory shortages and runaway price inflation — a new obstacle emerged to keep buyers from closing the deal: soaring interest rates on auto loans.
Jeffrey Gural spent years battling over the future of Manhattan’s Flatiron Building, only for his bid of almost $190 million at an auction to be topped by a relatively unknown figure.
