By David Shepardson WASHINGTON (Reuters) – U.S. planemaker Boeing lost its way and trust of the American people after a January 2024 mid-air emergency involving a new Boeing 737 MAX and two fatal crashes in 2018 and 2019, Transportation Secretary Sean Duffy said in a Fox News broadcast on Friday. Duffy also said the Federal…
By Michael Martina WASHINGTON (Reuters) -U.S. Secretary of State Marco Rubio on Friday announced sanctions against officials from Thailand, a U.S. ally, for their role in deporting at least 40 Uyghurs to China, where Washington says the members of the Muslim group will face persecution. The U.S. is “committed to combating China’s efforts to pressure…
The stock market has been on a rollercoaster in 2025, with investors wondering whether the worst is behind us—or if more pain lies ahead. 📊 The Nasdaq 100 recently fell into correction territory, down over 10% from its highs. The S&P 500 has struggled to find support, and investor sentiment is near its lowest levels in…
By David Shepardson WASHINGTON (Reuters) -U.S. Postmaster General Louis DeJoy told Congress he signed an agreement with Elon Musk’s DOGE government reform team to provide assistance to the money-losing agency as it works to address “big problems.” USPS, an independent government agency with 635,000 employees that lost $9.5 billion last year, has been exempt from…
A new trade war battleground is emerging, and this time, it’s hitting European wines, champagnes, and spirits—a $40 billion industry with deep ties to the hospitality sector. In a major escalation of trade tensions, President Donald Trump has threatened a 200% tariff on European alcoholic beverages, following the European Union’s 50% retaliatory tariff on American whiskey…
By Caroline Valetkevitch NEW YORK (Reuters) – Shares of some quantum computing companies rallied on Thursday, adding to gains from the previous session and bucking the broader market’s trend after D-Wave Quantum forecast stronger-than-expected quarterly revenue. D-Wave Quantum shares were last up 15% at $6.71 after the company forecast Thursday its current-quarter would be above…
(Reuters) – Investment banking is expected to experience a slowdown in the first half of 2025 as market volatility creates uncertainty for CEOs, boards and sponsors planning to negotiate and launch deals, Morgan Stanley Research said in a note on Thursday. We now expect capital markets activity to remain subdued for the first half of…
By Valerie Volcovici and Nichola Groom WASHINGTON (Reuters) – The Trump administration’s mass layoffs of federal workers have slowed the government’s ability to permit some new energy projects in a potential setback to President Donald Trump’s ‘drill, baby, drill’ agenda, according to state officials, lawmakers and agency representatives interviewed by Reuters. The situation reflects one…
By Tim McLaughlin (Reuters) – President Donald Trump’s administration intends to overturn pollution rules aimed at reducing soot emissions from U.S. coal-fired power plants in a move intended to help keep some of the nation’s dirtiest plants operational, according to people familiar with the matter. Soot particles can wreak havoc on human health because they’re…
By Jonathan Saul LONDON (Reuters) – Most of the jet fuel onboard the U.S.-flagged tanker Stena Immaculate that was hit by a container ship in a collision off Britain’s coast remains contained and only two of the vessel’s 18 fuel tanks have leaked, owner Stena Bulk said on Wednesday. The Portuguese-flagged Solong container ship crashed…
