Administration opposes airlines in lawsuit over crew breaks
The Biden administration has sided against the airline industry and urged the U.S. Supreme Court on Wednesday to uphold a…
May 25, 2022
Asia’s War On Inflation Targets Supply, Not Consumers
By Stefanno Sulaiman and Orathai Sriring (Reuters) – From export bans to price controls, governments in Asia are taking a…
Wall Street Rallies As Fed Minutes Meet Expectations
By Stephen Culp NEW YORK (Reuters) – Wall Street closed higher Wednesday, boosted after minutes from the Federal Reserve’s latest…
Fed’s Brainard Sees Case For Central Bank Digital Currency
(Reuters) – Creating an official digital version of the U.S. dollar could help ensure financial system stability as crypo-assets and…
Blackrock, Other Major McDonald’s Shareholders Side With Company In Fight With Icahn – Source
BOSTON (Reuters) – Index fund BlackRock and other major McDonald’s shareholders are backing the company in a boardroom vote that…
Musk To Provide $6.25 Billion More In Equity To Fund Twitter Deal
(Reuters) – Elon Musk has committed to provide an additional $6.25 billion in equity financing to fund a portion of…
World Bank’s Malpass Says War In Ukraine May Trigger Global Recession
WASHINGTON (Reuters) -World Bank President David Malpass on Wednesday suggested that Russia’s war in Ukraine and its impact on food…
Oil Edges Higher On Tight Supply, Rising U.S. Refining Activity
By David Gaffen New York (Reuters) – Oil prices rose on Wednesday, buoyed by tight supplies and as U.S. refiners…
Fed officials signal rates may head to ‘restrictive’ levels
WASHINGTON (AP) — Federal Reserve officials agreed when they met earlier this month that they may have to raise interest…
Commodities In ‘perfect Storm’ Says ERG, As Crisis Starts Super Cycle
By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) – Years of under-investment in mining of metals essential to energy…