By Rajesh Kumar Singh CHICAGO (Reuters) -United Airlines Holdings on Wednesday lifted its full-year profit outlook after posting the highest ever quarterly earnings on booming demand for international travel. Its shares rose 2.4% in extended trading. Ticket sales at U.S. carriers are soaring despite rising living costs as consumers cut spending on goods in favor…
By Pete Schroeder and Chris Prentice WASHINGTON (Reuters) -The Federal Reserve said on Wednesday it fined Deutsche Bank and its U.S. affiliates $186 million for failing to sufficiently address money laundering control problems and other shortcomings previously flagged by the U.S. central bank. The new penalty for lingering issues marks the latest blow for the…
By Crispian Balmer and Ryan Woo ROME/BEIJING (Reuters) – Italy put 23 cities on red alert as it reckoned with another day of scorching temperatures on Wednesday, with no sign of relief from the wave of extreme heat, wildfires and flooding that has wreaked havoc from the United States to China. The heat wave has…
By Luc Cohen MADRID/NEW YORK (Reuters) -The former head of Venezuela’s military intelligence, Hugo Carvajal, arrived in the United States on Wednesday to face drug trafficking charge after being extradited from Spain, his lawyer said. Carvajal is expected to make an initial appearance in Manhattan federal court on Thursday morning, said his lawyer, Zachary Margulis-Ohnuma….
By Herbert Lash NEW YORK (Reuters) -Global stocks rose and the dollar strengthened on Wednesday after a surprise cooling of British inflation bolstered the risk-off mood across markets that anticipates the Federal Reserve next week will hike interest rates for the last time. The dollar bounced after sentiment was boosted by inflation in the United…
By David Shepardson WASHINGTON (Reuters) -U.S. lawmakers will look to jump start long-stalled legislation on the safe and regulated adoption of self-driving cars at a congressional hearing on July 26. The panel will consider separate draft legislation from Representative Bob Latta, a Republican, and Representative Debbie Dingell, a Democrat. Legislation in Congress has been stalled…
By Jonathan Stempel NEW YORK (Reuters) -A federal judge on Wednesday rejected Donald Trump’s request for a new trial after a jury found the former U.S. president liable for sexually abusing and defaming the writer E. Jean Carroll and awarded her $5 million. In a 59-page decision, U.S. District Judge Lewis Kaplan in Manhattan also…
By Marisa Taylor (Reuters) – The head of the U.S. agency responsible for animal welfare has told lawmakers that it did not find any violations of animal research rules at Elon Musk’s Neuralink beyond a 2019 incident the brain implant company had already reported. Officials with the Department of Agriculture (USDA) conducted a “focused” inspection…
By Ted Hesson WASHINGTON (Reuters) -A group of Democratic lawmakers from Texas on Tuesday urged the state’s Republican governor to halt his aggressive border security campaign after a report alleged that Texas authorities were ordered to deny water to migrants in extreme heat and to push migrant children back into the Rio Grande River. The…
By David Shepardson WASHINGTON (Reuters) – Senator Ed Markey on Wednesday said he is proposing additional taxes on private jet trips to address the climate impacts of wealthy travel. Markey, a Democrat on the Senate Commerce Committee that oversees aviation, said the bill would require wealthy travelers “to pay their fair share for the environmental…
