U.S. passenger railroad Amtrak ridership jumps by 10 million riders

Reuters | November 29, 2022

By David Shepardson WASHINGTON (Reuters) -U.S. passenger railroad Amtrak said ridership jumped by more than 10 million riders in the year ending Sept. 30 and has nearly returned to pre-COVID-19 levels. Amtrak said ridership rose 89% over 2021 levels to 22.9 million riders — up 10.8 million passengers over the prior year. Overall ridership hit […]

Kroger, Albertsons CEOs to face congressional questions on planned U.S. merger

Reuters | November 29, 2022

By Diane Bartz WASHINGTON (Reuters) – Kroger CEO Rodney McMullen and Albertsons’ top executive, Vivek Sankaran, will face questions this week on plans for the two giant grocery companies to merge in a $25 billion deal, Senator Amy Klobuchar’s office said in a statement. The hearing was called by Klobuchar along with Senator Mike Lee, […]

France’s Le Maire: Europe must defend its economic interests against U.S. subsidy package

Reuters | November 27, 2022

PARIS (Reuters) – France may try to negotiate some exemptions from the duties and limits imposed by the U.S. anti-inflation act but Europe must act to protect the bloc’s economic interests, Finance Minister Bruno Le Maire said on Sunday. Le Maire will accompany French President Emmanuel Macron on a state visit to the United States […]

Republican presses Twitter chief Elon Musk to better protect U.S. user data

Reuters | November 23, 2022

By Diane Bartz WASHINGTON (Reuters) – Top Senate Republican Chuck Grassley urged Elon Musk, who recently acquired Twitter, to conduct a threat assessment at the social company to better protect U.S. user data, following up on concerns raised by a whistleblower. Hacker Peiter “Mudge” Zatko, a whistleblower who served as Twitter’s head of security until […]

France, Germany urge firm European response to U.S. Inflation Reduction Act

Reuters | November 22, 2022

Market Recap U.S. Markets shrugged off global recession woes and rallied on Tuesday, led by retail stocks Best Buy (BBY), up 12%, Dick’s Sporting Goods (DKS), up 9.29%, and Walgreen’s (WBA), up 1.79%. The Dow Jones Industrial Average was up 260 points (+0.77%) in intraday trading, along with the S&P500 (+0.76%), Nasdaq (+0.52) and the Russell 2000 (+0.38). Crude Oil (WTI) rebounded +2.25% after a few days of […]

Exclusive: As split Congress odds increase, Yellen warns of need to lift debt ceiling

Reuters | November 12, 2022

By David Lawder NUSA DUA, Indonesia (Reuters) – With odds of a split U.S. Congress rising, Treasury Secretary Janet Yellen warned that lawmakers’ failure to raise the statutory limit on U.S. debt posed a “huge threat” to America’s credit rating and functioning of U.S. financial markets. Yellen told Reuters in an interview in New Delhi […]

Airbus speeds deliveries, books key Chinese jet order

Reuters | November 8, 2022

By Tim Hepher PARIS (Reuters) -Airbus deliveries accelerated in October to reach 497 airplanes so far this year, or an underlying total of 495 after excluding two Aeroflot deliveries cancelled due to Western sanctions against Russia, the planemaker said on Tuesday. Airbus delivered 60 jets in October, up from 55 the previous month. It still […]

Fed’s Evans says smaller rate hikes make sense, front-loading done

Reuters | November 4, 2022

Market Recap The Dow finished a down week with  a move to the upside. The S&P 500, Nasdaq and Russel 2000 followed suit. Trading throughout the week was muted on fears of further aggressive rate hikes from the Fed, coupled with mixed earnings reports as the earnings season winds down. Starbucks (SBUX) was one of […]

Exclusive-Boeing shores up Defense unit leadership after delays

Reuters | October 25, 2022

By David Shepardson and Tim Hepher (Reuters) -Boeing Co has appointed a senior troubleshooter to help turn around loss-making programs at its Defense, Space & Security (BDS) division in what some sources view as a potential template for future efforts to fix wider industrial woes. Steve Parker, head of Boeing’s bomber and fighter programs as […]

U.S. budget deficit halves to $1.375 trln despite $430 billion in student loan costs

Reuters | October 21, 2022

By David Lawder WASHINGTON (Reuters) -The U.S. government on Friday reported that its fiscal 2022 budget deficit plunged by half from a year earlier to $1.375 trillion, due to fading COVID-19 relief spending and record revenues fueled by a hot economy, but student loan forgiveness costs limited the reduction. The U.S. Treasury said the $1.400 […]

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