US lawmakers seek to strengthen bill to ensure quick airline refunds
By David Shepardson WASHINGTON (Reuters) - U.S. House and Senate negotiators have agreed to revise language in an aviation reform bill to ensure quick refunds for airline passengers whose flights are canceled and who are not seeking alternative fli...
3h ago
Oil prices edge lower on rising US stockpiles
NEW YORK (Reuters) - Oil prices fell in early Asian trading hours on Wednesday after market sources said that data from the American Petroleum Institute showed an increase in U.S. crude and fuel stockpiles, an indicator of weak demand. Brent crude ...
3h ago
First crewed test flight of Boeing Starliner capsule targeted for May 17
(Reuters) - The target launch date for the long-awaited first crewed test flight of Boeing Co's new Starliner Space capsule has been pushed back another week to no earlier than Friday, May 17, in order to replace a faulty pressure valve on its boos...
4h ago
FTX files amended reorganization plan, expects between $14.5 billion-$16.3 billion for distribution
(Reuters) - Crypto exchange FTX filed an amended reorganization plan with a U.S. bankruptcy court which will allow for $14.5 billion to $16.3 billion for distribution to creditors, the company said in a statement on Tuesday. FTX said it has anticip...
4h ago
Brazil's Carrefour swings to profit in first quarter
SAO PAULO (Reuters) - Carrefour Brasil, which is controlled by France's Carrefour, reported a net profit of 39 million reais ($7.7 million) for the first quarter, reversing losses in the same period last year, as higher food inflation expanded its ...
4h ago
Match Group expects quarterly revenue below estimates as spending on dating apps falls
(Reuters) - Tinder-parent Match Group forecast second-quarter revenue below Wall Street estimates on Tuesday, as users are likely to dial back spending on dating apps. Match Group - which offers dating apps services such as Hinge, Tinder, OkCupid a...
5h ago
Panera Bread to phase out "Charged Sips" caffeinated drinks
(Reuters) - Fast-food chain Panera Bread is phasing out "Charged Sips", its line of caffeinated drinks, a company spokesperson said on Tuesday. The beverage line has been the subject of multiple lawsuits over the past few months by people who have ...
5h ago
Retailer Falabella posts first-quarter profit on Peru business
(Reuters) - Chilean retailer Falabella on Tuesday posted a net profit for the first quarter, reversing a year-ago loss, boosted by operations in Peru. The store operator and financial services provider's net profit reached 58.50 billion pesos ($59....
6h ago
Rivian sticks to annual production forecast, posts wider quarterly loss
(Reuters) -Electric-vehicle maker Rivian on Tuesday reiterated its 2024 production forecast, keeping it well below analysts' expectations, as it focuses on restarting production after a shutdown last month to upgrade its assembly line and reduce costs....
6h ago
Wynn Resorts quarterly results beat estimates on strength in Macau business
(Reuters) - Wynn Resorts on Tuesday beat Wall Street estimates for first-quarter profit as strength in gaming, luxury retail and hotel bookings drove steady demand at its Macau properties. Shares of the casino operator were up 2.5% in extended trad...
6h ago
Lyft forecasts strong quarterly earnings as ride-hailing demand picks up
By Yuvraj Malik (Reuters) - Ride-hailing company Lyft projected higher-than-expected gross bookings and core profit for the current quarter on Tuesday, driven by robust demand for its services and benefits from new user and driver features. Lyft ha...
7h ago
Reddit predicts surprise core profit in second quarter, shares surge
(Reuters) -Reddit predicted that it could post an adjusted core profit in the second quarter on the back of strong user growth and an uptick in the advertising market, sending its shares up more than 16% in extended trading on Tuesday. The forecast con...
7h ago
US probe finds widespread sexual misconduct at FDIC
By Douglas Gillison and Pete Schroeder WASHINGTON (Reuters) -The Federal Deposit Insurance Corporation must make sweeping changes to address widespread sexual harassment and other misconduct, according to a damning independent report released on Tuesda...
8h ago
Exclusive-Royal Caribbean recruiting thousands to meet surging demand, sources say
By Doyinsola Oladipo NEW YORK (Reuters) - Cruise operator Royal Caribbean Group is in discussions with new and existing markets around the world to recruit thousands of workers to staff its ships and private destinations to keep up with record crui...
8h ago
US revokes some export licenses for China's Huawei
WASHINGTON (Reuters) -The U.S. on Tuesday said it revoked some licenses that allow companies to ship goods, such as chips, to the sanctioned Chinese mobile phone and laptop maker Huawei Technologies. The move comes after the release last month of Huawe...
8h ago
Amazon unveils first electric seaport trucks amid push to slash tailpipe emissions
By Lisa Baertlein LOS ANGELES (Reuters) - Amazon.com on Tuesday will unveil the first of a dozen Volvo electric big rigs it plans to deploy this year to pick up cargo from the nation's busiest container seaport in southern California. The e-commerc...
9h ago
US utility Sempra's profit falls 17% in first quarter
(Reuters) - U.S. power and gas utility Sempra posted a 17% drop in its first-quarter profit on Tuesday, impacted by lower earnings at two of its units. Sempra, which caters to nearly 40 million customers in areas including California, Texas and Mex...
9h ago
Banned Chinese cotton found in 19% of US retailers' merchandise, study shows
By Arriana McLymore NEW YORK (Reuters) - Traces of banned Chinese cotton were found in 19% of a sample of merchandise selling at U.S. retailers in the past year, a study showed, highlighting the challenges of complying with the U.S. law aimed at bl...
10h ago
Fed's Kashkari cites high risk inflation is "settling"
By Howard Schneider WASHINGTON (Reuters) - The strength of the U.S. housing market and potentially stalled progress on inflation means monetary policy may not be as tight as Federal Reserve officials think it is, Minneapolis Federal Reserve Preside...
10h ago
Fed may need to hold rates steady all year, Kashkari says
(Reuters) - Stalled inflation buoyed in part by housing market strength means the Federal Reserve will need to hold borrowing costs steady for an "extended period," and possibly all year, Minneapolis Federal Reserve President Neel Kashkari said on ...
10h ago
TikTok, ByteDance sue to block US law seeking sale or ban of app
By David Shepardson WASHINGTON (Reuters) -TikTok and its Chinese parent company ByteDance sued in U.S. federal court on Tuesday seeking to block a law signed by President Joe Biden that would force the divestiture of the short video app used by 170 mil...
11h ago
Column-Fragile Treasuries relying on rare macro serenity: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) - Any hope of sustaining U.S. fiscal accounts at such stretched levels and keeping the fragile bond market equilibrium intact may have to hinge on avoiding any recession at all - a cycle-busting scenario...
12h ago
Chile central bank says economy recovering but some sectors lag
By Natalia A. Ramos Miranda SANTIAGO (Reuters) - Chile's central bank said in a report on Tuesday that the economy is broadly recovering, though some sectors have lagged and financial market depth has not yet returned to levels seen before the coro...
13h ago
Inflation-hit Argentina launches new top banknote, worth just $10
(Reuters) - Argentina has a new largest banknote, the 10,000 peso, which is five times the size of the previous top bill but still only worth around $10 as the South American country grapples with the world's highest inflation rate that is nearing ...
13h ago
Apple expected to show new iPads and possibly a new chip
By Stephen Nellis (Reuters) - Apple plans to hold a virtual event on Tuesday where it is expected to show new iPad models, some of which could come with a new chip aimed at speeding up artificial intelligence tasks carried out on the devices. Its l...
13h ago