By Jorge Garcia MOJAVE NATIONAL PRESERVE, California (Reuters) -The largest wildfire in California so far this year has burned precious Joshua trees, a prominent cultural symbol once vital for indigenous people to weave into baskets and sandals and still an important part of the Mojave Desert ecosystem. The York Fire has burned around 94,000 acres…
By David Shepardson WASHINGTON (Reuters) -General Motors (GM) on Thursday said it expected to offer unionized workers higher wages, but granting the United Auto Workers’ (UAW) ambitious contract demands including large pay rises would hurt its ability to make sound business decisions. Company and union sources told Reuters the UAW was seeking at least a…
(Reuters) -Rare earths miner MP Materials posted a better-than-expected quarterly profit on Thursday and said it has started refining small amounts of the strategic metals in California. Rare earths are a grouping of 17 metals used to make magnets found in motors that turn electricity into motion. China is the world’s largest producer and consumer…
CARACAS (Reuters) – The Venezuelan bolivar weakened to 30 units per dollar, the central bank said on Thursday, marking the latest descent for the beleaguered local currency as the economy suffers one of the world’s highest inflation rates. Over the past seven months, the bolivar has depreciated by a third compared with the U.S. dollar,…
By Michael Martina and Patricia Zengerle WASHINGTON (Reuters) -The chairman of a U.S. congressional committee on China held out the possibility on Thursday of subpoenas for executives from asset management firm BlackRock and index provider MSCI if they do not provide “fulsome” answers about investments in blacklisted Chinese companies. The House of Representatives select committee…
(Reuters) -The U.S. Centers for Disease Control and Prevention (CDC) said its advisory panel on Thursday recommended use of Sanofi and partner AstraZeneca’s antibody therapy to prevent respiratory syncytial virus (RSV) in infants and toddlers. The Advisory Committee on Immunization Practices unanimously recommended nirsevimab for preventing lower respiratory tract disease in newborns and infants below…
By Ann Saphir (Reuters) – Months after a string of bank failures sent shockwaves through the global banking industry, U.S. banks are still heavily using an emergency lending facility set up by the Federal Reserve to help depository institutions meet withdrawal demands. Fed loans via that new facility, the Bank Term Funding Program, ticked up…
(Reuters) -Aircraft lessor Air Lease said on Thursday it expects more demand opportunities from potential delivery delays at Airbus due to Pratt & Whitney engine issues, which could further boost its lease rates. Airlines looking to cash in on a surge in global travel have been struggling with limited supply of jets and are increasingly…
By David Thomas (Reuters) – A Florida lawyer was sentenced to four years in federal prison for mail fraud on Thursday after prosecutors in New York said he filed hundreds of fraudulent disability lawsuits using stolen identities. U.S. District Judge Paul Gardephe in Manhattan also ordered Stuart Finkelstein, 68, to pay a $200,000 fine and…
By Jason Lange WASHINGTON (Reuters) -About half of Republicans would not vote for Donald Trump if he were convicted of a felony, a sign of the severe risks his legal problems pose for his 2024 U.S. presidential bid, according to a Reuters/Ipsos poll that closed on Thursday. The former president and current front-runner in the…
