By Valerie Volcovici WASHINGTON (Reuters) – The U.S. Environmental Protection Agency on Friday said it would tighten national air quality standards for fine particle pollution for the first time since 2012, a move that could lead to tougher limits on tailpipe and smokestack emissions. Fine particulate matter, or soot, comes from sources ranging from power …
U.S. EPA tightens soot standards for first time in decade Read More »
By Abhijith Ganapavaram and Kannaki Deka (Reuters) -Southwest Airlines Co said on Friday it expects to post a loss in the fourth quarter after it canceled over 16,700 flights between Christmas and New Year’s Eve due to a tech meltdown. The mass cancellations during the peak season for U.S. airlines will result in a pre-tax …
Southwest Airlines forecasts loss after mass holiday cancellations Read More »
WASHINGTON (Reuters) – U.S. services industry activity contracted for the first time in more than 2-1/2 years in December amid weakening demand, while the pace of increase in prices paid by businesses slowed considerably, offering more evidence that inflation was abating. The Institute for Supply Management (ISM) said on Friday its non-manufacturing PMI dropped to …
U.S. service sector contracts in December, price increases slow – ISM survey Read More »
BERLIN (Reuters) – Germany’s digital minister recently met Elon Musk to clarify what Berlin expects from Twitter, especially in fighting disinformation, since the Tesla founder took over the social media firm, the digital ministry said on Friday. Digital and Transport Minister Volker Wissing, who was in California at the start of 2023, told Musk that …
Germany tells Musk it expects Twitter to fight disinformation Read More »
By Howard Schneider WASHINGTON (Reuters) -Aiming to fortify broad labor market gains among U.S. minority groups over the previous decade, Federal Reserve Chair Jerome Powell in 2020 engineered a historic promise to try to maintain that progress by giving “broad-based and inclusive” employment a status equal if not superior to the central bank’s pledge of …
Fed’s ‘inclusive’ jobs promise hits inflation control reality Read More »
By Ismail Shakil OTTAWA (Reuters) -The Canadian economy recorded a massive jobs gain in December and the jobless rate unexpectedly declined, according to official data released on Friday that raised the likelihood of the Bank of Canada raising rates again this month. The economy gained a net 104,000 jobs in December, far exceeding analysts’ forecasts, …
Canada posts hefty job gains, raising chances of another rate hike Read More »
(Reuters) – U.S. equity funds recorded a seventh straight week of outflows in the seven days to Jan. 4 on concerns that the Federal Reserve might continue to hike rates to tame inflationary pressures. Investor caution ahead of the release of minutes from the Fed’s latest meeting also hit appetite for equities. Graphic – Fund …
U.S. equity funds record seventh week of outflows Read More »
NEW YORK (Reuters) – The U.S. economy maintained a strong pace of job growth in December, with the unemployment rate falling to 3.5%, but higher borrowing costs as the Federal Reserve fights inflation could see the labor market momentum slowing significantly by mid-year. Nonfarm payrolls increased 223,000 last month, the Labor Department said in its …
US payrolls show labor market remains strong but wages rises cool Read More »
(Reuters) – More than 60,000 homes and businesses were still without power in California early Friday, according to data from , after a massive Pacific storm unleashed high winds, torrential rains and heavy snow across the state. At least two fatalities have been reported since Wednesday due to the storm, which knocked out power to …
Pacific storm leaves over 60,000 still without power in California Read More »
By Ahmed Aboulenein, Gabriella Borter and Michael Erman (Reuters) – Pharmacies across the United States are weighing whether to sell mifepristone, a pill used in medication abortions, following the Food and Drug Administration’s announcement earlier this week that they can now do so. What they decide is primarily based on where they are located given …
Now able to sell abortion pill, U.S. pharmacies weigh if they should Read More »
