By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department imposed a $2 million penalty on JetBlue Airways for operating four chronically delayed flights on domestic routes – the first time it has imposed such a fine on an airline for the prohibited scheduling practice. USDOT said on Friday that as part of a consent agreement …
US hits JetBlue with $2 million penalty over chronic flight delays Read More »
(Reuters) – Ford Motor reported a 4.2% rise in its 2024 U.S. sales on Friday, driven by higher demand for gasoline and hybrid vehicles. The automaker posted total annual sales of 2,078,832 units, compared with the 1,995,912 units it sold a year ago. (Reporting by Utkarsh Shetti in Bengaluru; Editing by Shilpi Majumdar)
By Timothy Gardner WASHINGTON (Reuters) -The Biden administration said on Friday portions of nuclear power plants will be able to secure tax credits to produce clean hydrogen if the credits help to prevent reactors from retiring. The new rules address one of the last and most contentious issues related to the Inflation Reduction Act, a …
Biden team offers nuclear path to hydrogen tax credit Read More »
(Reuters) – General Motors Co reported a 4.3% rise in annual U.S. auto sales on Friday, supported by higher demand for its pickup trucks and SUVs. The Detroit automaker posted sales of about 2.7 million units in 2024, compared with the 2.59 million units it sold a year ago. (Reporting by Utkarsh Shetti in Bengaluru; …
(Reuters) -The International Longshoremen’s Association and the United States Maritime Alliance (USMX) are set to resume contract talks on Jan. 7, according to a person familiar with the matter. Talks between the ILA, which represents more than 45,000 dockworkers across the U.S. East and Gulf coast ports, and the employer group are at an impasse …
US East Coast dockworkers, employer group to restart talks next week Read More »
By Nell Mackenzie LONDON (Reuters) – Global hedge funds taking long and short bets on stocks last year sported their highest average returns since 2020, Goldman Sachs said in a note, attributing the result to steady returns amid volatile markets. These hedge funds’ total weighted average return came in at 12.75% for 2024, Goldman Sachs …
Stock picking hedge funds post highest average returns since 2020, says Goldman Sachs Read More »
(Reuters) -Hindenburg Research said on Thursday it was short on Carvana Co, accusing the used-car retailer of insider trading and accounting manipulation. “Our research uncovered $800 million in loan sales to a suspected undisclosed related party, along with details on how accounting manipulation and lax underwriting have fueled temporary reported income growth,” the short seller …
Hindenburg Research short on used-car retailer Carvana Read More »
By Kylie Madry BUENOS AIRES (Reuters) – Argentina’s state airline, Aerolineas Argentinas, is slimming down for a potential sale, shedding 13% of its staff, cutting money-losing domestic routes and even removing snacks formerly available to passengers, according to sources and documents seen by Reuters. The cutbacks, many of whose details were previously unreported, are part …
Argentina’s state airline cuts staff, routes, passenger perks ahead of possible sale Read More »
By Abhirup Roy SAN FRANCISCO (Reuters) – Auto and tech giants showing off their latest innovations at the CES trade show in Las Vegas next week can expect a barrage of questions on a topic that is usually not central to the consumer-focused event: tariffs. The gathering is one of the largest of manufacturers, analysts …
Threat of tariffs will loom large amid auto, tech glitz at CES Read More »
Reuters – A look at the day ahead in U.S. and global markets by Samuel Indyk 2025 has kicked off how 2024 ended: stocks are having a wobble and the dollar remains in charge as investors bet that Fed rate cuts will be few and far between this year. Data on Thursday supported that view, …
Morning Bid: Wall St on five-day falling streak, dollar reigns Read More »
