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(Reuters) -United Airlines said on Wednesday it has entered into an agreement with Boeing on compensation of financial damages incurred in the first quarter due to the grounding of 737 MAX 9 aircraft. US regulators had in January grounded some Boeing 737 MAX 9 aircraft for safety checks following a cabin panel blowout in a …

United Airlines says Boeing to compensate for damages caused by MAX 9 fleet grounding Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) – A stock market correlation index hit a near four-month high on Wednesday, signaling that investors expect stock market gyrations to tick up in coming days. With the S&P 500 slipping 0.58% on Wednesday, down nearly 5% from the record high touched in late March, the Cboe 1-Month …

Stock correlations tick up as Wall Street extends declines Read More »

By Dawn Chmielewski and Lisa Richwine (Reuters) – Plans to expand the Disneyland Resort cleared a major hurdle Wednesday, as local officials endorsed a new blueprint governing the development of Walt Disney’s Southern California theme parks over the next 40 years. The Anaheim city council approved a plan, called DisneylandForward, that one researcher estimated would …

Planned Disneyland expansion in California clears major hurdle Read More »

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – Top U.S. central bank officials including Federal Reserve Chair Jerome Powell backed away on Tuesday from providing any guidance on when interest rates may be cut, saying instead that monetary policy needs to be restrictive for longer and further dashing investors’ hopes for meaningful reductions in …

Fed’s Powell says restrictive rates policy needs more time to work Read More »

(Reuters) -Take-Two Interactive Software will lay off about 5% of its workforce, the publisher of the “Grand Theft Auto” franchise said on Tuesday, as the gaming industry extends its job cuts from the past two years into 2024. The company said it would also scrap several projects that are in development as part of a …

‘Grand Theft Auto’ publisher Take-Two Interactive to lay off 5% of staff Read More »

By Promit Mukherjee, David Ljunggren and Fergal Smith OTTAWA (Reuters) -Canada on Tuesday revealed a new tax on wealthy individuals that will bring in billions of dollars over the next five years to help fund housing programs designed to win over a disgruntled voter base. In its annual federal budget, the Liberal government of Prime …

Trudeau government proposes more taxes on wealthy Canadians to fund housing Read More »

By Carolina Mandl and Davide Barbuscia NEW YORK (Reuters) – Hedge funds have reduced bearish bets in U.S. Treasuries after a change in market expectations for interest rate cuts this year, but the sheer growth of the government debt market is expected to spur more trading in the future. Some hedge funds short Treasury futures …

Analysis-US bond repricing marks brief setback for hedge funds’ basis trade Read More »

By Chibuike Oguh (Reuters) -Wall Street stocks ended lower in choppy trading on Tuesday as Treasury yields climbed, with investors weighing the likely path of interest rates in a resilient U.S. economy with persistent inflation. Federal Reserve Chair Jerome Powell said on Tuesday recent inflation data has not given policymakers enough confidence to ease credit …

Wall Street stocks close lower on higher Treasury yields, rate expectations Read More »

By Rajesh Kumar Singh CHICAGO (Reuters) -United Airlines Holdings on Tuesday forecast stronger-than-expected earnings in the current quarter, after reporting a narrower-than-expected loss in the first quarter, on robust demand for travel. Shares of the Chicago-based carrier were up about 5% in after-hours trading. United also slashed its total aircraft delivery estimates for this year …

United expects stronger quarterly earnings; cuts aircraft delivery estimates Read More »