Reuters USA

Large U.S. delegation at Munich conference underscores bipartisan support for Ukraine

By Jonathan Landay and Andreas Rinke MUNICH, Germany (Reuters) – Nearly 50 lawmakers from both major U.S. political parties on Friday attended the start of Europe’s premier annual security conference to affirm bipartisan support for U.S. aid to Ukraine. Four delegations of Democratic and Republican leaders and members of the Senate and House converged as …

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Five former Memphis officers plead not guilty in death of Tyre Nichols

By Maria Alejandra Cardona MEMPHIS, Tenn. (Reuters) -Five fired Memphis police officers on Friday pleaded not guilty to second-degree murder and other charges stemming from the beating of Tyre Nichols, a Black man whose death three days later stirred outrage and fresh calls for reform. Police video captured images of the officers beating and kicking …

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Fed’s Bowman: need to continue rate hikes until we see “a lot more” inflation progress

(Reuters) – The Federal Reserve will need to keep raising interest rates until it makes much more progress on bringing high inflation back down towards its 2% goal particularly in light of recent disappointing data, Fed Governor Michelle Bowman said on Friday. “I think there’s a long way to go before we reach our 2% …

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

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 …

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

(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 …

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

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 …

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AutoNation beats profit estimates as new-vehicle demand improves

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 …

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

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 …

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