Reuters USA

By David Shepardson WASHINGTON (Reuters) -United Airlines said Thursday it will reduce summer flights at three New York and Washington area airports after the Federal Aviation Administration allowed carriers to do so due to an air traffic controller shortage. Starting in May, United is reducing daily departures from Newark Liberty International Airport to 408 from …

United will cut some New York-area, D.C. flights after US waiver Read More »

By Rajesh Kumar Singh CHICAGO (Reuters) – Southwest Airlines Co paid a higher bonus to Chief Executive Bob Jordan, a regulatory filing showed, even after the company promised to cut executive incentive pay after it canceled about 17,000 flights around the Christmas holiday, disrupting travel for 2 million customers and costing the company more than …

Southwest Airlines CEO receives higher bonus despite holiday meltdown Read More »

By Jonathan Stempel NEW YORK (Reuters) -Jes Staley, the former JPMorgan Chase & Co private banking chief and Barclays Plc chief executive, accused JPMorgan of “slanderous” attacks as he seeks to delay a trial in the bank’s lawsuit accusing him of concealing what he knew about Jeffrey Epstein. In a letter filed on Thursday in …

Jes Staley attacks JPMorgan, demands separate trial over Jeffrey Epstein Read More »

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve lending to financial institutions eased modestly in the latest week, central bank data showed on Thursday, in a sign that financial sector woes that began last month may be beginning to settle down. Total lending to the three main programs aimed at bolstering bank liquidity …

Borrowing from key Fed lending facilities cools a bit in latest week Read More »

By Davide Barbuscia NEW YORK (Reuters) -The Federal Reserve’s preferred bond market signal of an upcoming recession has plunged to fresh lows, bolstering the case for those who believe the central bank will soon need to cut rates in order to revive economic activity. Research from the Fed has argued that the “near-term forward spread” …

‘Powell’s curve’ plunges to new lows, flashing US recession warning Read More »

By John McCrank NEW YORK (Reuters) – Assets in money market funds have soared to record levels, drawing investors with their safe-haven appeal and yields that far exceed those paid on bank deposits. The funds are traditionally considered low-risk and liquid as they invest in high-quality assets, including short-term Treasuries. Yet funds that rely on …

Explainer-How are money market funds preparing for a potential debt ceiling crisis? Read More »

SAO PAULO (Reuters) -Brazilian President Luiz Inacio Lula da Silva on Thursday hinted that the government might change inflation targets, calling high lending costs “inexplicable” as he continued his push for lower interest rates. “If the inflation target is wrong, change the target,” the leftist leader said a meeting with journalists broadcast by TV channel …

Brazil’s Lula hints at inflation target change, calls high interest rates ‘inexplicable’ Read More »