SEATTLE (Reuters) – Annual bonuses for more than 100,000 Boeing employees this year will be tied to company-wide performance, rather than by business unit, as in previous years. Eighty percent of the bonuses are tied to Boeing’s financial performance, with the remaining 20% tied to progress on improving safety and quality, and program execution, according …
Boeing ties employee incentive plan to company-wide performance Read More »
By Akash Sriram (Reuters) – Shares of Intuitive Machines slumped to close 22% lower on Friday after the U.S. space exploration company confirmed that its second moon lander, Athena, landed on its side a day ago, similar to its first attempt last year. The six-legged lander touched down at a site about 100 miles (160 …
Intuitive Machines stock plummets after second sideways moon landing Read More »
By Howard Schneider and Ann Saphir NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell said it remains to be seen if the Trump administration’s tariff plans will prove to be inflationary, mapping out a checklist of things that could cause new import taxes to lead to more persistent price pressures. “In a simple case …
Powell says tariffs could feed inflation, Fed must wait to determine the impact Read More »
By Lisa Baertlein LOS ANGELES (Reuters) – President Donald Trump’s plan to revitalize the U.S. shipping industry could heap massive costs on ocean transport operators and spawn a new round of supply chain chaos around the world, executives told Reuters. Trump’s administration aims to pay for an American shipbuilding comeback with help from potentially hefty …
Trump’s shipbuilding plan could upend ocean cargo industry, companies warn Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. job growth picked up in February, but cracks are emerging in the once-resilient labor market amid a chaotic trade policy and deep federal government spending cuts that threaten to disrupt economic growth this year. The Labor Department’s closely watched employment report on Friday, the first under President Donald Trump’s …
Policy uncertainty tests US labor market resilience Read More »
(Reuters) – Elon Musk-owned artificial intelligence firm xAI has bought a 1-million-square-foot property in Southwest Memphis, Tennessee, the Greater Memphis Chamber said on Friday, as the startup looks to expand its AI infrastructure amid intensifying competition in the industry. The new investment builds on the company’s earlier announcement in December, in which it laid out …
Elon Musk’s xAI buys new property in Memphis amid supercomputer expansion Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Aviation Administration said on Friday that the previous day’s explosion of a SpaceX Starship spacecraft disrupted about 240 flights, with space debris concerns requiring more than two dozen of those planes to divert. It was the second straight explosion of a SpaceX test launch. The FAA on …
US FAA says 240 flights disrupted by explosion of Musk’s SpaceX Starship Read More »
By Nivedita Balu TORONTO (Reuters) -Royal Bank of Canada, Canada’s largest lender, laid off some employees as a result of changes at its business segments following the C$13.5 billion acquisition of HSBC’s domestic business last year, two sources with direct knowledge of the layoffs told Reuters.Some of the layoffs were at the technology and operations, …
Exclusive-Canada’s RBC lays off some employees after segment shakeup, sources say Read More »
By Promit Mukherjee and Ryan Patrick Jones OTTAWA (Reuters) -Canada on Friday unveiled billions of dollars in aid and other forms of support to businesses and people expected to be directly affected by U.S. tariffs. These relief measures involve over C$6.5 billion ($4.52 billion) of financial aid to help companies tap new international markets, absorb …
Canada commits over C$6 billion to fight impact of US tariffs, find new markets Read More »
By David Shepardson WASHINGTON (Reuters) – The U.S. Federal Communications Commission on Friday said it would allow Starlink, a unit of Elon Musk’s SpaceX, to operate a direct-to-cell service with T-Mobile at higher power levels despite objections by rival companies. AT&T <T.N> and Verizon had filed objections to the higher power levels saying it could …
US okays higher-power cellphone service for Musk’s Starlink despite objections Read More »
