WASHINGTON (Reuters) -Atlanta Federal Reserve President Raphael Bostic said on Sunday he still believes the U.S. central bank can tame inflation without substantial job losses given the economy’s continued momentum. “If you look over history … there is a really good chance that if we have job losses it will be smaller” than in past …
Fed can avoid ‘deep pain’ in inflation fight, Bostic says Read More »
By Allison Lampert (Reuters) – The union for Sunwing Airlines pilots said it is urging Canada’s government to stop a plan by the Ontario-based leisure carrier to hire foreign pilots this winter to help cope with an expected holiday travel surge. Airline industry use of foreign pilots as aviation rebounds from the COVID-19 pandemic is …
Sunwing union opposes Canadian carrier’s plans to hire foreign pilots Read More »
(Reuters) – Grocery delivery app Instacart Inc has been letting go staff, slowing hiring and curbing other expenses as it heads toward a public listing, the Information reported on Saturday, citing people familiar with the matter. Instacart in May said it had confidentially filed with the U.S. securities regulator to go public, not long after …
Instacart cuts staff, curbs hiring before IPO, The Information reports Read More »
By Ngouda Dione DAKAR (Reuters) -A 48-hour strike by air traffic controllers in West and Central Africa has been suspended, their union said on Saturday. The strike, which started on Friday, has disrupted flights across the region and left hundreds of passengers stranded at airports on Saturday. The Union of Air Traffic Controllers’ Unions (USYCAA), …
Air traffic controllers suspend strike in West and Central Africa Read More »
By Christopher Walljasper CHICAGO (Reuters) – Grace Melt made her first visit to the Nourishing Hope food pantry on Chicago’s North Side in August. Throughout the COVID-19 pandemic, she used food stamps issued by the federal government to buy groceries while out of work for a knee injury. But this summer, the food stamps couldn’t …
Inflation, spending cuts undermine Biden’s hunger policy Read More »
(Reuters) – Some investors are backing out of Digital World Acquisition Corp’s plan to acquire former U.S. President Donald Trump’s social media firm Truth Social, the blank-check firm said on Friday. Digital World said it had received termination notices from private investment in public equity (PIPE) investors ending nearly $139 million in investments out of …
Some investors backing out of SPAC merging with Trump’s media firm Read More »
(Reuters) – Reuters is withdrawing a Sept. 8 article that compared carbon emissions from U.S. ethanol plants and oil refineries because of its flawed interpretation of data on ethanol-plant pollution and fuel-production capacity. That led to inaccurate estimates of carbon emissions for individual ethanol plants named in the story. STORY_NUMBER: L8N30E5AE STORY_DATE: 08/09/2022 STORY_TIME: 1000 …
Advisory: Story on U.S. ethanol plant emissions is withdrawn Read More »
By David French (Reuters) – Wall Street’s main indexes slumped to close well down on Friday, as rattled investors continued repositioning themselves to reflect fears the U.S. Federal Reserve’s hawkish rate policy to curb inflation will push the American economy into recession. The Dow narrowly avoided ending more than 20% lower than its Jan. 4 …
Wall St slumps as investors fret on rate hikes and recession Read More »
(Reuters) – Beyond Meat Inc said on Friday it would eliminate the role of chief supply chain officer after Bernie Adcock notified he would step down from the role, effective Sept. 30. The plant-based meat producer said interim chief operating officer and senior vice president of manufacturing operations, Jonathan Nelson, will oversee the company’s supply …
Beyond Meat eliminates supply chain chief role after exec steps down Read More »
(Fixes typo in headline) By Medha Singh (Reuters) -The blue-chip Dow Jones Industrial Average tumbled to its lowest level since November 2020 on Friday, but narrowly missed ending more than 20% below its Jan. 4 closing record high. A Dow close below 29,439.72 would have confirmed a bear market that began from that record, according …
Dow drops but narrowly avoids confirming bear market status Read More »
