GE Jumps Most Since 2021 on Upbeat Outlook for Aerospace Margins
General Electric Co. jumped the most in more than two years after forecasting continued expansion of profit margins at its aviation division as an independent business.
Bloomberg Business
Norfolk Southern Train Derails in Alabama Before CEO Testifies in Senate
A Norfolk Southern Corp. freight train derailed Thursday morning in eastern Alabama.
HS2 Delayed by Two Years Due to Rising Costs, UK Transport Secretary Says
Transport Secretary Mark Harper said he’s delaying construction of the Birmingham to Crewe leg of the UK’s high-speed rail project after inflation pushed up costs.
After Critical Pope John Paul II Documentary, Poland Calls In US Ambassador
Poland’s Foreign Ministry called in the US ambassador days after a broadcaster owned by Warner Bros Discovery Inc. aired a documentary critical of the late Pope John Paul II, triggering outrage in the nation’s ruling party.
US Household Net Worth Increased in Fourth Quarter on Stock Values
US household net worth increased in the fourth quarter as a gain in the value of equity holdings more than offset weakness in real estate.
GOP Lawmaker Says He Was Victim of Improper US Intelligence Query
A top Republican on the House Intelligence Committee said he believes he was the subject of improper searches of data swept up by US intelligence agencies, as lawmakers from both parties said they will demand changes in a spy program that will expire unless Congress renews it this year.
Dutch Seek Middle Ground as US-China Chip Dispute Escalates
The Dutch are trying to find a middle ground between the US and China in an escalating battle over the world’s chip supply chain.
Biden’s NASA Budget Request Gives Boost to Artemis Moon-Return Program
The Biden administration is requesting $27.2 billion for NASA for its 2024 budget, with substantial funding for the space agency’s Artemis program, which aims to return humans to the moon this decade.
Biden Budget Sees Inflation Cooling Further, Jobless Rate Climbing
President Joe Biden’s proposed budget expects inflation to cool further, but it predicts that the historically low US unemployment rate — which the administration has put at the heart of its economic appeal — will start to climb.
US Mortgage Rates Hit Highest Since November at 6.73%
Mortgage rates in the US extended their upward climb.
