By Rajesh Kumar Singh and Kannaki Deka (Reuters) -Southwest Airlines Co on Thursday warned of a loss in the current quarter as passengers shunned the carrier in the immediate aftermath of a tech meltdown that forced it to scrap thousands of flights between Christmas and New Year’s Eve. The forecast heaps more pain on the …
Southwest Airlines warns of first-quarter loss after holiday meltdown Read More »
By Noele Illien and Tom Wilson ZURICH/LONDON (Reuters) – Financial watchdogs and government agencies from the United States, Japan and Switzerland are among creditors of bankrupt crypto exchange FTX, as well as companies including Airbnb and crypto giant Binance, a court filing has shown. FTX, once among the world’s top crypto exchanges, shook the sector …
U.S. Treasury, financial watchdogs, companies among FTX creditors, filing shows Read More »
By Sarah Young LONDON (Reuters) -Wizz Air is upbeat on summer demand for travel but more cautious than its competitors, forecasting a return to profit in its 2023-2024 financial year, helped by strong bookings, new capacity and the benefits of hedging fuel costs. Low cost rivals Ryanair, Europe’s biggest airline, and Britain’s easyJet have reported …
Wizz Air sees strong summer, but more wary than rivals Read More »
WASHINGTON (Reuters) – New orders for U.S.-made capital goods fell in December, while shipments declined for a second straight month, suggesting that higher borrowing costs were now pressuring manufacturing. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, slipped 0.2% last month, the Commerce Department said on Thursday. These …
By Jarrett Renshaw (Reuters) – U.S. President Joe Biden will hold a number of fundraisers with wealthy Democratic donors in coming weeks as part of his expected bid to return to the White House in 2024, according to three sources familiar with the plans. Biden and the Democratic National Committee will host fundraisers in New …
Biden to court wealthy donors as he preps 2024 campaign in coming weeks – sources Read More »
By Stephanie Kelly NEW YORK (Reuters) – The U.S. Department of Energy (DOE) on Thursday will announce over $100 million in funding to expand U.S. biofuels production, as the Biden administration works to cut greenhouse gas emissions from transportation and meet climate goals, the department told Reuters. The department plans to award $118 million to …
Exclusive-U.S. Energy Department to allocate $118 million to biofuels projects Read More »
By Jesús Aguado MADRID (Reuters) – Spain’s Sabadell bank handily beat market expectations with its fourth-quarter net profit, helped by higher banking margins, and forecast higher lending income and profitability in 2023, lifting its shares by as much as 10%. While the bank’s net profit of 149 million euros ($162.51 million) came in 7.5% below …
Sabadell sees 2023 strong lending growth after quarterly profit beat Read More »
By Karen Brettell (Reuters) – The U.S. Treasury Department next week is likely to announce that it will offer fewer Treasury bills in the second quarter, after hitting its statutory borrowing limit. Any new indications over whether the Treasury could employ Treasury buybacks, or make changes to its auction schedule for some notes, will also …
Fewer Treasury bills and liquidity questions – what to expect from the U.S. refunding Read More »
(Reuters) – Back-to-back mass shootings in California have claimed the lives of people who loved to dance at a studio in Monterey Park and farm workers in the coastal community of Half Moon Bay. MONTEREY PARK VICTIMS Eleven people were killed when a 72-year-old gunman opened fire late Saturday during a celebration of the Lunar …
California shooting victims: Who died in Monterey Park and Half Moon Bay attacks? Read More »
By Gram Slattery and Steve Holland WASHINGTON (Reuters) – Donald Trump will seek to kick his campaign for the 2024 Republican nomination into gear this weekend, with a pair of campaign stops in key early-voting states more than two months after he announced his intention to run. The appearances in New Hampshire and South Carolina …
Trump seeks to shift his idling White House campaign back into gear Read More »
