Reuters USA

By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said Friday it is naming more than a dozen members to a team overseeing $52.7 billion in government funding to boost semiconductor manufacturing and research. The new team members include officials with experience managing large federal programs, experts from the semiconductor industry, and executives with financial …

U.S. Commerce Dept. names financial sector, government experts to chips team Read More »

(Reuters) -Air Canada said on Friday it would return to 2019 capacity levels next year on strong travel demand, after reporting a larger-than-expected quarterly loss per share. The carrier’s shares plunged more than 10% in morning trade. North American carriers are adding seats to meet surging travel demand after a pandemic-induced slump, despite global economic …

Air Canada to return to 2019 capacity next year but faces cost pressures Read More »

WASHINGTON (Reuters) – U.S. import prices dropped for a seventh straight month in January amid declining costs for energy products, leading to the smallest annual increase in imported inflation since late 2020, government data showed on Friday. Import prices fell 0.2% last month after slipping 0.1% in December, the Labor Department said. Economists polled by …

U.S. import prices post seventh straight monthly decline in January Read More »

By Joseph White and Priyamvada C (Reuters) -Top U.S. auto retailer AutoNation Inc reported a better-than-expected quarterly profit on Friday as demand for new vehicles, spare parts and services offset a poor performance in the used-vehicle segment. Shares of the company rose about 5% to $148.14 in premarket trading. The automotive industry is starting to …

AutoNation beats profit estimates as new-vehicle demand improves Read More »

ROSSLYN, Va (Reuters) – The labor shortages bedeviling U.S. businesses are unlikely to be resolved quickly or easily, Richmond Federal Reserve bank president Thomas Barkin said Friday, pointing to low immigration, population aging, and an array of factors suppressing labor force growth. “We are moving towards an environment where labor is going to be short, …

Fed’s Barkin: Labor shortages may persist Read More »

(Reuters) -Computers at the FBI’s New York office were hacked in what the agency said was a now-contained isolated incident, CNN reported on Friday, citing people briefed on the matter. “The FBI is aware of the incident and is working to gain additional information,” the bureau said in a statement to CNN, adding that its …

FBI’s New York computer network hacked, now contained -CNN Read More »

SAO PAULO (Reuters) – Brazilian planemaker Embraer SA met its 2022 forecast for executive jet deliveries but fell just short of reaching previous guidance for commercial aircraft, after another year marked by supply chain constraints, data showed on Friday. Investors had expressed concern that Embraer might miss its outlook for the year due to the …

Brazil’s Embraer delivers 159 jets in 2022, just short of forecast Read More »

Producer prices in Canada rose by 0.4% in January from December on higher prices for refined petroleum energy products, as well as primary non-ferrous metal products, Statistics Canada said on Friday. The increase followed an upwardly revised 0.9% decrease December. Raw materials prices were down 0.1% in January, and were up 1.2% on the year. …

Canada January producer prices up 0.4% on petroleum, primary metals Read More »

LONDON (Reuters) – Investors turned more cautious in the week to Wednesday, according to data from Bank of America, as a run of data prompted many to raise their forecasts for how high the U.S. Federal Reserve will take interest rates. BofA Global Research’s weekly “Flow Show”, released on Friday, showed the largest outflows from …

Investors pull cash from classic risk plays as Fed rate picture shifts Read More »

BERLIN (Reuters) – Most Germans are worried about high inflation, and more than half of them report that rising prices are making them struggle financially, an international survey by Dynata showed. According to the part of the survey dedicated to Germany, to which Reuters had access on Friday, 61% of German citizens are very or …

Germans worry about inflation, say it causes financial pain – survey Read More »