(Corrects first paragraph to say “if they need to take a nonstop flight on Spirit” instead of “if they need to fly anywhere.”) By Doyinsola Oladipo NEW YORK (Reuters) -If Spirit Airlines slashes or eliminates service at Arnold Palmer Regional Airport due to the carrier’s second bankruptcy in a year, residents of Latrobe, Pennsylvania, may …
Spirit Airlines bankruptcy threatens small towns’ flights Read More »
NEW YORK (Reuters) -U.S. Federal Reserve Chair Jerome Powell said on Tuesday the central bank is in a “challenging situation” with an ongoing risk of faster-than-expected inflation at the same time that weak job growth has raised concern about the health of the labor market. In prepared comments to Rhode Island’s Greater Providence Chamber of …
Fed’s Powell repeats no risk-free path as job, inflation risks weighed Read More »
(Reuters) -The Inter-American Development Bank is aiming to attract private capital to Latin America by helping turn a pool of up to $500 billion of regional local loans into investable global assets, the lender said on Tuesday. ReInvest+, a partnership between the IDB Group and Brazil’s presidency of the COP30, seeks to convert performing loans …
IDB Group targets $500 billion Latin American loan pool for global investment Read More »
By Michael S. Derby (Reuters) -Federal Reserve Bank of Atlanta President Raphael Bostic said Tuesday inflation risks are still in play in the U.S. economy, although he noted that thus far President Donald Trump’s import tax hikes have not pushed up prices the way they were expected to. “Business leaders are telling us they are …
Fed’s Bostic says inflation risks still present in US economy Read More »
(Reuters) -Morgan Stanley will offer cryptocurrency trading on its platform E*Trade from the first half of 2026 through a partnership with Zerohash, an infrastructure provider for the digital assets. At launch, E*Trade clients will be able to trade bitcoin, the world’s largest crypto token, as well as ether and solana, a spokesperson for Morgan Stanley …
Morgan Stanley to offer crypto trading on E*Trade platform through Zerohash tie-up Read More »
By Howard Schneider WASHINGTON (Reuters) -The Federal Reserve may be late in supporting the labor market and could need to speed the pace of rate cuts if demand weakens and businesses begin to lay off workers, Fed Vice Chair for Supervision Michelle Bowman said on Tuesday. “It’s a lot easier to support the labor market …
Fed’s Bowman: Fed needs to be decisive in fending off job market risks Read More »
By Mrinalika Roy and Kamal Choudhury (Reuters) -McKesson on Tuesday raised its profit forecast, as the U.S. drug distributor aims to focus on high-margin businesses such as cancer medicines to boost growth. The Texas-based firm now expects adjusted earnings to range between $38.05 and $38.55 per share for fiscal 2026, up from its previous forecast …
McKesson lifts annual profit forecast on plans to focus on high-margin businesses Read More »
By Fabio Teixeira (Reuters) -Brazilian motor maker WEG will invest $77 million in a U.S. specialty transformer manufacturing facility, it said on Tuesday, seeking to increase the plant’s production capacity by 50% as artificial intelligence fuels demand in the country. The investment in the Washington, Missouri, plant targets the production of transformers seen as essential …
Brazil’s WEG to invest $77 million to boost US plant capacity due to AI demand Read More »
(Reuters) -Federal Reserve Bank of Chicago President Austan Goolsbee said Tuesday if inflation cools off the central bank has some space to cut its interest rate target. “I think eventually, at a gradual pace, rates can come down a fair amount if we can get this stagflationary dust out of the air,” Goolsbee said in …
Fed’s Goolsbee, on CNBC, says Fed has room to cut rates Read More »
WASHINGTON (Reuters) -The U.S. current account deficit contracted by the most on record in the second quarter as a flood of imports subsided. The Commerce Department’s Bureau of Economic Analysis said on Tuesday the current account deficit, which measures the flow of goods, services and investments into and out of the country, decreased by a …
US current account narrows sharply in second quarter Read More »
