(Reuters) – Several oil companies including Exxon Mobil and Chevron on Monday defeated an appeal by consumers who accused them of colluding with former President Donald Trump’s administration, Russia and Saudi Arabia to cut oil production, boosting prices at the pump. The 9th U.S. Circuit Court of Appeals in San Francisco said the consumers’ claims…
NEW YORK (Reuters) – The Federal Reserve will likely not cut U.S. interest rates as deeply as the bond market expects due to a resilient economy and inflation remaining sticky, the BlackRock Investment Institute said in a note on Monday. The U.S. central bank is expected to cut interest rates for the first time in…
By David Shepardson WASHINGTON (Reuters) – The 1.3 million-member Teamsters union could decide who to endorse in the 2024 U.S. presidential election as early as Wednesday after members met Democratic candidate Kamala Harris on Monday, Teamsters President Sean O’Brien said. Union representatives met her Republican rival Donald Trump in January. “We can’t kick this can…
WASHINGTON (Reuters) – Boeing is pausing hiring and taking sweeping steps to conserve cash after about 33,000 workers went on strike on Friday including considering temporary furloughs for many employees, managers and executives in the coming weeks. Boeing Chief Financial Officer Brian West said the “strike jeopardizes our recovery in a significant way and we…
