By Michael S. Derby JERSEY CITY, New Jersey, Dec 15 (Reuters) – New York Federal Reserve President John Williams said on Monday the U.S. central bank’s interest rate cut last week was the right move and leaves it in a good position to deal with an economy that’s on track to perform fairly well next …
Williams says Fed policy in good position, sees inflation moderation in 2026 Read More »
By Tim McLaughlin Dec. 14 (Reuters) – BNSF Railway, one of the crown jewels of Warren Buffett’s sprawling Berkshire Hathaway conglomerate, calls itself an environmental leader in the U.S. rail industry with the cleanest locomotive fleet in North America. “When you see our orange locomotives’ and freight cars’ steel wheels moving on steel rails, think …
How the US freight rail industry got dirtier than coal power plants Read More »
By Courtney Rozen WASHINGTON, Dec 15 (Reuters) – The U.S. government launched a campaign on Monday to hire 1,000 engineers for two-year federal positions, including those who have artificial intelligence expertise, according to a senior Trump administration official. The engineers will tackle specific projects inside government agencies, including building a digital platform for the Trump …
US government launches campaign to hire engineers for AI, tech roles Read More »
By Rajesh Kumar Singh and Nathan Gomes CHICAGO, Dec 15 (Reuters) – Spirit Airlines said Monday it has secured an additional $100 million in emergency financing to support its operations and restructuring efforts while under bankruptcy protection. The move comes amid mounting speculation about the ultra-low-cost carrier’s future. Aviation outlet The Air Current reported Friday …
Spirit Airlines secures $100 million lifeline to stay afloat during bankruptcy Read More »
By David Shepardson WASHINGTON, Dec 15 (Reuters) – A group representing the U.S. travel and tourism industry warned Monday that a proposal to require millions of foreign visitors to provide social media handles used over the past five years could have a “chilling effect” on visits to the United States. The proposed change, announced in a U.S. …
Dec 15 (Reuters) – White House economic adviser and Federal Reserve chair front-runner Kevin Hassett’s candidacy has received some pushback from people close to President Donald Trump, CNBC reported on Monday, citing sources familiar with the matter. The opposition is owing to concerns that Hassett is too close to the president, the report added. Reuters …
By Jonathan Stempel Dec 15 (Reuters) – The elevation of Greg Abel to replace Warren Buffett at the helm of Berkshire Hathaway will cap the rise of a native Canadian who won over the legendary investor for being committed to the company’s culture, long-term thinking, and an ability to spend money wisely. Buffett announced Abel’s promotion …
Warren Buffett’s successor Greg Abel had steady rise at Berkshire Read More »
Dec 15 (Reuters) – U.S. homebuilder sentiment edged up to an eight-month high in December, but activity remained constrained by rising construction costs because of tariffs on imports. The National Association of Home Builders/Wells Fargo Housing Market index climbed one point to 39 this month, the highest reading since April. It, however, stayed below the …
US homebuilder sentiment inches up to eight-month high December Read More »
WASHINGTON, Dec 15 (Reuters) – Current above-target inflation does not reflect underlying supply and demand dynamics that are generating price increases much closer to the central bank’s 2% target, Federal Reserve Governor Stephen Miran said on Monday, asserting that “prices are now once again stable.” The last U.S. inflation report showed the Fed’s preferred measure …
Fed’s Miran: Current inflation not reflective of supply and demand in the economy Read More »
Dec 15 (Reuters) – Phillips 66 has approved a $2.4 billion capital budget for 2026, slightly above its forecast for this year, as it shifts growth spending toward expanding its midstream natural gas liquids (NGL) network and higher-return refining projects. The spending plan, announced on Monday, underscores the U.S. refiner’s focus on shareholder returns as …
Phillips 66 raises 2026 capex plan to focus on expanding midstream, refining projects Read More »
