By Arathy Somasekhar HOUSTON (Reuters) -Oil prices dipped on Friday in choppy trading but notched their first weekly gain in five on Friday, underpinned by the possibility that OPEC+ will agree to cut crude output when it meets on Oct. 5. Brent crude futures for November, which expire on Friday, fell 53 cents, or 0.6%,…
Federal officials say Boeing has completed little of the work necessary to certify new versions of its 737 Max jetliner by a year-end deadline, and the aircraft maker is lobbying Congress for more time. If the Federal Aviation Administration does not certify the planes by year end, Boeing would be required under a 2020 law…
(Reuters) -Marlboro maker Altria Group Inc said it had exercised the option to be released from its non-compete deal with Juul Labs Inc, nearly four years after buying a 35% stake in the e-cigarette maker that was then at the zenith of its popularity. Altria is looking to permanently terminate its non-competition obligations to Juul,…
By Ankika Biswas and Shreyashi Sanyal (Reuters) -The Nasdaq index rose on Friday as Tesla gained on its plans to sharply increase production, even though resilient core inflation added to worries of big interest-rate hikes denting a rise in consumer spending. Shares of the electric-vehicle maker gained 1.04% after Reuters reported its plans to push…
Does the thought of dealing with your debt make you want to go back to bed? More than 1 in 5 Americans (22%) are likely to put off creating a debt payoff plan, according to a June 2022 survey from NerdWallet conducted online by The Harris Poll. That’s a lot of procrastination, and it’s no…
SOFIA, Bulgaria (AP) — Azerbaijan’s president said Friday that his country is a reliable partner and will stick to an agreement to double gas exports to the European Union by 2027. Speaking to reporters in Bulgaria’s capital, President Ilhan Aliyev called a new gas interconnector with Greece “a historic achievement and an opportunity for Azeri…
By Pete Schroeder WASHINGTON (Reuters) – Federal Reserve Governor Michelle Bowman said Friday that averaging bank stress test results over several years could reduce volatility in bank capital requirements, as part of a broader speech defending a lighter regulatory approach to the industry. Bowman, a Republican, argued that any efforts to further adjust rules for…
BRUSSELS (AP) — European Union energy ministers on Friday adopted a package of measures to ease an energy crisis, including a levy on windfall profits of fossil fuel companies, but an agreement on capping natural gas prices that is supported by a majority of countries remained off the table. With energy prices skyrocketing across Europe…
WASHINGTON (AP) — Federal Reserve Vice Chair Lael Brainard said Friday that U.S. interest rates will likely have to remain high for an extended period to combat inflation, capping a week of tough rhetoric by Fed officials. In remarks at a conference hosted by the Federal Reserve Bank of New York, Brainard said that international…
(Fixes typo in headline) By Marc Jones LONDON (Reuters) – If global market investors thought 2022 couldn’t get any more painful or unpredictable the last few months have certainly proved them wrong. Another $9 trillion wiped off world stocks, oil down more than 20%, historic losses for bonds, war, and things became so ugly in…
