Delta Air Lines Inc. quarterly earnings beat analysts’ estimates, but the carrier cut the high end of its outlook for 2023 profit on rising fuel prices and larger-than-expected aircraft maintenance costs.
The latest signs of persistent inflation suggest the Federal Reserve will keep the door open to another interest-rate hike this year, even as central bankers emphasize patience ahead of their next meeting.
US consumer prices advanced at a brisk pace for a second month, reinforcing the Federal Reserve’s intent to keep interest rates high and bring down inflation.
The speaker of Canada’s senate won’t be attending a Group of 20 event hosted by India this week as diplomatic relations between the two countries remain tense.
Monthly checks for the more than 71 million people receiving retirement or disability benefits in the US will get a 3.2% increase next year, the smallest gain since 2021, reflecting a significant cooling in the rate of inflation.
European Central Bank Governing Council member Pierre Wunsch said officials should consider a quicker start to rolling off almost €1.7 trillion ($1.8 trillion) in bonds bought during the pandemic — despite a recent jump in Italian bond yields.
Commerzbank AG Chief Financial Officer Bettina Orlopp came out strongly against forcing lenders to hold more cash at the European Central Bank, a demand made by some top monetary policy officials.
James Dyson’s technology firm shifted another 10-figure dividend to his family holding company last year as the vacuum magnate accelerates building up his fortune outside his largest asset.
President Joe Biden offered full-throated support to the Jewish community and a fiery denunciation of those offering justification for the bloody attacks by Hamas, saying it was “unconscionable” to downplay the atrocities.
Abu Dhabi-owned defense company EDGE Group said it’s weighing billions of dollars of investments in Turkey after it signed preliminary deals with firms including Aselsan Elektronik Sanayi and drone-maker Baykar Teknoloji.
