PUEBLO, Colo. (AP) — A slide on an 80-foot-high (24-meter-high) coal pile killed two workers Thursday at a southern Colorado coal-fired electricity generating plant, authorities said after a day-long search for the victims. Rescuers found the bodies of the two men buried beneath about 60 feet (18 meters) of coal in the towering pile at…
By Laura Sanicola (Reuters) -Oil rose more than 1% on Thursday after U.S. crude inventories fell more than expected amid high demand for fuel, shrugging off OPEC+’s agreement to boost crude output to compensate for a drop in Russian production. Prices were also supported by the European Union’s sixth package of sanctions against Russia, which…
(Reuters) – Nikola Corp’s founder Trevor Milton voted against the electric vehicle company’s proposal to issue new shares at the company’s annual general meeting, a Bloomberg News report on Thursday, citing sources. Milton’s vote, which threw the outcome into doubt, led to the decision to immediately adjourn the meeting, in order to allow the company…
(Reuters) – The Federal Reserve is likely to continue tightening monetary policy beyond the half percentage point interest rate hikes expected at each of its next two meetings, two policymakers signaled on Thursday, with the only question being how much. “Market pricing for 50 basis points potentially in June and July, from the data we…
By Carolina Mandl and Elizabeth Dilts Marshall NEW YORK (Reuters) -Goldman Sachs’ President and Chief Operating Officer John Waldron said on Thursday the current economic turmoil is one of the most challenging ones he has ever faced in his career. “This is among if not the most complex, dynamic environment I’ve ever seen in my…
WASHINGTON (AP) — Average long-term U.S. mortgage rates edged down slightly this week, though interest rates on the key 30-year home loan remain elevated. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate ticked down to 5.09% from 5.1% last week. By contrast, the average rate stood at 2.99% a year ago. Until about…
Amazon said Thursday that it will shut down its digital Kindle bookstores in China and stop selling the device to retailers in the country to readjust the focus of its business. The company said in a post on the popular messaging app WeChat that the digital bookstore will stop operating on June 30, 2023. Customers…
(Reuters) – U.S. employers in the technology sector cut nearly nine times more jobs in May than in the first four months of the year as rising inflation and slowing demand force companies to cut corners. Though overall layoffs in the country reported by global outplacement firm Challenger, Gray & Christmas on Thursday fell 14.7%…
By Trevor Hunnicutt WASHINGTON (Reuters) -The White House is considering proposals that would tax oil and gas windfall profits in order to provide a benefit to consumers struggling with higher energy prices, a U.S. official said on Thursday. Bharat Ramamurti, the deputy director of President Joe Biden’s National Economic Council, said the administration has been…
BRUSSELS (AP) — Thanks to the insistence of Hungary, the head of the Russian Orthodox Church has been removed from the latest round of European Union sanctions to punish Russia’s invasion of Ukraine, four EU diplomats told The Associated Press. The sixth package of sanctions, which includes an embargo on most Russian oil imports into…
