WASHINGTON (Reuters) -U.S. economic growth in the fourth quarter could be negative if a federal shutdown drags on, White House economic adviser Kevin Hassett said in an interview that aired on Sunday. Hassett, speaking to the CBS show “Face the Nation”, noted that a shortage of air traffic controllers was causing major travel delays in …
(Reuters) -Hotel operator Marriott International on Sunday said its licensing agreement with lodging rentals company Sonder has been terminated due to a default from Sonder. Sonder, which provides apartment-style accommodations, signed an agreement with Marriott in 2024 that sent its shares skyrocketing. Under the deal, Sonder enhanced its liquidity profile by about $146 million, with …
Marriott terminates licensing agreement with lodging rentals company Sonder Read More »
By Lewis Krauskopf NEW YORK (Reuters) -Investors will seek clues about the health of the U.S. economy in the coming week following worrisome labor market reports and technology-led turbulence that has knocked the stock market off record highs. The S&P 500 ended on Friday with a weekly decline after three straight weeks of gains. The …
Investors watching US economic signs as market pulls back, tech teeters Read More »
By David Shepardson WASHINGTON (Reuters) -Major air traffic control staffing shortages snarled thousands of flights on Saturday as the government shutdown caused mounting travel woes and raised alarm among airline officials. The Federal Aviation Administration said there were air traffic control staffing issues affecting 42 airport towers and other centers and delaying flights in at …
Major US air traffic staffing shortages snarl thousands of flights Read More »
(Reuters) -U.S. payment firms Visa and Mastercard are nearing a settlement with merchants by lowering fees stores pay and giving them more power to reject certain credit cards, the Wall Street Journal reported on Saturday, citing people familiar with matter. Visa and Mastercard would trim interchange fees, typically 2% to 2.5% per transaction, by an …
Visa and Mastercard near settlement with merchants, would lower fees, WSJ reports Read More »
By Julia Harte -From federal paychecks to public benefits, the longest U.S. government shutdown in history is cutting lifelines for millions of Americans, many of whom voted for President Donald Trump. But conversations with five Trump voters – part of a group of 20 whom Reuters has interviewed monthly since February – show that …
By Rishabh Jaiswal and Dheeraj Kumar (Reuters) -UPS and FedEx said on Friday they have grounded their combined fleet of more than 50 McDonnell Douglas MD-11 cargo planes following a crash in Louisville, Kentucky this week that killed at least 14 people. A UPS MD-11 crashed late on Tuesday, erupting into a fireball moments after …
UPS, FedEx ground MD-11 fleets after deadly Louisville crash Read More »
By Siddharth Cavale (Reuters) -Grocery giants Walmart, Target and Aldi are trumpeting their Thanksgiving meal deals as more affordable than ever. But those retailers are doing exactly what shoppers are doing, trading down to cheaper private-label alternatives or offering fewer items. Walmart’s meal this year features nine Great Value private-label brand items out of 15, …
Major retailers promise a cheaper Thanksgiving, but there’s a twist Read More »
By Wen-Yee Lee HSINCHU, Taiwan (Reuters) -Nvidia CEO Jensen Huang on Saturday said the semiconductor giant is experiencing “very strong demand” for its state-of-the-art Blackwell chips, as its appetite for wafers from TSMC grows. “Nvidia builds the GPU (graphics processing units), but we also build the CPU (central processing units), the networking, the switches, and …
Nvidia CEO Huang sees strong demand for Blackwell chips Read More »
By David Shepardson WASHINGTON (Reuters) -U.S. Transportation Secretary Sean Duffy warned Friday he could force airlines to cut up to 20% of flights if the government shutdown did not end, as U.S. airlines on Friday scrambled to make unprecedented government-imposed reductions. The Federal Aviation Administration instructed airlines to cut 4% of flights on Friday at …
US warns it could force 20% flight cuts if shutdown continues Read More »
