WASHINGTON (AP) — Delta Air Lines has agreed to pay $10.5 million to settle allegations that it falsified information about deliveries of international mail that it was contracted to carry, including mail sent to U.S. soldiers deployed overseas. The Justice Department said Thursday that Delta was hired by the U.S. Postal Service to collect mail…
Americans with stock portfolios or retirement investment plans would likely prefer to forget the last six months. The S&P 500, Wall Street’s broad benchmark for many stock funds, closed the first half of 2022 with a loss of more than 20% after starting the year at an all-time high. It’s the worst start to a…
NEW YORK (AP) — The Supreme Court ruling limiting the Environmental Protection Agency’s authority to regulate greenhouse gas emissions from power plants could have far-reaching consequences for the energy sector — and make it harder for the Biden administration to meet its goal of having the U.S. power grid run on clean energy by 2035….
By Huw Jones LONDON (Reuters -The European Union has agreed on ground-breaking rules for regulating crypto assets, EU lawmakers said on Thursday, as the rout in bitcoin piles pressure on authorities to rein in the sector. Globally, crypto assets are largely unregulated, with national operators in the EU only required to show controls for combating…
By Stephen Culp NEW YORK (Reuters) – Wall Street slid into the finish line of a dismal month and quarter on Thursday as a continued sell-off put a grim punctuation mark at the close of the S&P 500’s worst first-half in more than half a century. All three major U.S. stock indexes were down but…
Walmart and Target put market participants on notice a couple of weeks ago. Supply Chain issues remained a major headwind for the industry. Adding to the degree of difficulty was a change in consumer behavior. The products companies ordered eight weeks in advance were no longer in demand. This meant a build-up of inventory which…
Strategic Optionality means being able to move beyond basic scenarios. In the case of Robinhood shareholders, there may be recourse to stem the tide on a stock that is down 75% from its August IPO price and 90% from its all-time high. Shares of the online trading provider jumped 14% after Bloomberg published an article…
(Reuters) – Delta Air Lines Inc Chief Executive Officer Ed Bastian on Thursday apologized for flight cancellations that have hit summer plans for many travelers, adding that it would take some time for disruptions to subside. The airline has canceled over 400 flights since Monday, as per flight-tracking website Flightaware.com, amid bad weather and an…
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – New U.S. data for May showed little immediate relief from the record pace of inflation pushing the Federal Reserve toward another oversized interest rate increase next month, but it did add to a developing sense that the worst may be over. Inflation as measured by the…
By Mrinalika Roy and Leroy Leo (Reuters) -Walgreens Boots Alliance Inc on Thursday maintained its full-year earnings forecast due to declining COVID vaccinations, even as the drugstore retailer beat quarterly estimates on the back of strength in its UK-based Boots business. Shares of the second-biggest U.S. drugstore retailer by store count fell 4% to $39.14…
