SEOUL (Reuters) – South Korea’s economy grew 0.3% in the first quarter from the previous quarter, revised central bank data showed on Friday, matching its earlier estimate in April. The expansion in the country’s gross domestic product during the January-March period followed a 0.3% contraction in the last three months of 2022, which was the…
(Adds media packaging code SPIRIT AIRLINES-M&A/JETBLUE AIRWAYS) (Reuters) -JetBlue Airways Corp said on Thursday it would sell Spirit Airlines Inc’s holdings at New York’s LaGuardia Airport upon completion of their planned merger. Spirit’s holdings, which JetBlue intends to sell to Frontier Group Holdings Inc, includes six gates at the Marine Air Terminal and 22 takeoff…
By Herbert Lash and Shreyashi Sanyal (Reuters) – The Nasdaq and S&P 500 surged to nine-month closing highs on Thursday as signs of slowing wage pressure raised hopes the Federal Reserve will pause hiking interest rates and investors cheered a vote in Congress to suspend the U.S. debt ceiling. The number of Americans filing new…
By Jorge Garcia LOS ANGELES (Reuters) – A sweat-stained jersey worn by U.S. basketball legend Michael Jordan in a practice session at the 1992 Olympic Games will hit the auction block in Los Angeles in June, estimated to sell at between $400,000 and $600,000. The white jersey with red, white and blue trim and ‘USA…
By Joey Roulette WASHINGTON (Reuters) -Boeing Co will stand down from late preparations for its first crewed Starliner test flight to space that was planned for July after it discovered two safety-critical issues with the spacecraft, a company official said on Thursday. Boeing found flammable tape material and issues with the spacecraft’s parachute lines during…
By Tiyashi Datta (Reuters) – Broadcom Inc forecast third-quarter revenue above market estimates on Thursday, as it benefits from massive corporate investments in AI-related technologies. The viral success of ChatGPT has sparked a surge in orders for chips that underpin the technology at big data centers, driving a rally in shares of semiconductor companies that…
By Sarah N. Lynch WASHINGTON (Reuters) – Two more members of the far-right Oath Keepers militant group were given multi-year prison sentences on Thursday for seditious conspiracy and other crimes arising from the Jan. 6, 2021, attack on the U.S. Capitol by then-President Donald Trump’s supporters. U.S. District Judge Amit Mehta sentenced Roberto Minuta to…
WASHINGTON (Reuters) – The U.S. Senate is debating a bill brokered by President Joe Biden and House Speaker Kevin McCarthy that lifts the government’s $31.4 trillion debt ceiling while imposing spending caps and cuts on Biden’s plan to boost funding for the IRS to audit wealthy Americans, among other things. The Republican-controlled House of Representatives…
By Nathan Frandino GEORGETOWN, California (Reuters) – The prescribed burn begins on a California hill with a drip torch to light brush, needles and fallen branches, the flames spreading out on the forest floor far below the tree canopy. Students on this Saturday class learn how to keep the burn under control, while others stand…
(Reuters) – The U.S. Food and Drug Administration said on Thursday it has revoked the emergency use authorization for Johnson & Johnson’s COVID-19 vaccine. (Reporting by Bhanvi Satija in Bengaluru)
