By David Shepardson WASHINGTON (Reuters) -U.S. airlines on Friday scrambled to cut 4% of flights at 40 major airports after the government imposed an unprecedented cut to air travel citing air traffic control safety concerns because of a record-setting government shutdown. The cuts, which began at 6 a.m. ET (1100 GMT), include about 700 flights…
By Nate Raymond and Leah Douglas (Reuters) -The Trump administration said it plans to partially fund food aid for millions of Americans on Monday after two judges ruled it must use contingency funds to pay for the benefits in November during the government shutdown. The administration laid out the U.S. Department of Agriculture’s plan in…
By David Morgan WASHINGTON (Reuters) -Republicans on Friday showed little sign of heeding President Donald Trump’s latest call to jettison the Senate filibuster and bypass a Democratic roadblock to reopening the partially shuttered federal government. Senate Majority Leader John Thune, who has repeatedly defended the filibuster for years, has not changed his position on the…
(Reuters) -JP Morgan analysts on Thursday maintained a bullish outlook on gold, forecasting prices could reach an average of $5,055 per ounce by the fourth quarter of 2026. The forecast is based on “demand assumptions that see investor demand and central bank buying averaging around 566 tons a quarter in 2026,” the bank said in…
By Max A. Cherney SAN FRANCISCO (Reuters) -Google said it has developed a computer algorithm that points the way to practical applications for quantum computing and will be able to generate unique data for use with artificial intelligence. The new algorithm called Quantum Echoes, which runs on the company’s quantum chip, is 13,000 times faster…
By Arasu Kannagi Basil (Reuters) -Insurance technology firm Exzeo Group said on Thursday it was targeting a valuation of up to $2 billion in its U.S. initial public offering, becoming the latest company to proceed with its listing plans despite the ongoing government shutdown. The Tampa, Florida-based company is aiming to raise as much as…
By Maggie Fick LONDON (Reuters) -AstraZeneca broke ground on a new plant in Virginia on Thursday and said it would spend $4.5 billion on the facility as drugmakers look to respond to President Donald Trump’s call for more medicines to be made in the U.S. and at lower costs. The site in Albemarle County, about…
By Svea Herbst-Bayliss NEW YORK (Reuters) -Activist investors who push companies for operational changes and management shake-ups launched a record number of attacks on global corporations in the third quarter and won more board seats and settlements, new data from Barclays show. There were 61 new campaigns in July, August and September, marking an increase…
(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…
By Valerie Volcovici (Reuters) -President Donald Trump dismissed climate change as “the greatest con job” in the world during his address to the United Nations General Assembly on Tuesday, doubling down on his skepticism of global environmental initiatives and multilateral institutions. Scientists say climate change is real, mostly caused by humans, and getting worse. They…
