WASHINGTON (Reuters) – U.S. passenger airlines carried 670.4 million passengers in 2021, up 83% over 2020 levels but still down significantly from pre-pandemic levels, the Transportation Department said on Monday. The department in preliminary data said airlines carried 303.6 million more passengers in 2021 but 245.9 million fewer, or 27%, than in 2019. In 2019,…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – U.S. short-term interest rate futures on Monday reflected a reduced chance of an interest rate increase by the Federal Reserve before its two-day March policy meeting. St. Louis Fed President James Bullard, a voter on the policy-setting Federal Open Market Committee, told Bloomberg last Thursday that he was…
By Jonnelle Marte (Reuters) – The unprecedented level of job switching seen last year as the U.S. labor market rebounded from the pandemic gave workers more leverage to ask for better pay and played a role in pushing inflation to its highest level in decades, a new study suggests. An increase in the share of…
By Jonnelle Marte (Reuters) -U.S. consumers lowered their expectations for how much inflation will rise in the near-term and medium-term periods, signaling that inflation concerns may be easing, according to a survey released on Monday by the New York Federal Reserve. One-year inflation expectations decreased for the first time since October 2020, dropping to a…
By Luc Cohen NEW YORK (Reuters) -Prosecutors began a U.S. corruption trial on Monday by accusing a former Goldman Sachs banker of seeking to make millions of dollars laundering money looted from Malaysia’s 1MDB sovereign wealth fund. Roger Ng, Goldman’s former head of investment banking in Malaysia, is charged with conspiring to launder money and…
WASHINGTON (Reuters) -St. Louis Federal Reserve president James Bullard on Monday reiterated calls for a faster pace of Fed interest rate hikes, saying that four strong inflation reports in a row warranted action and that the central bank needed to “ratify” market expectations of its upcoming moves. Bullard, who himself helped shape those expectations with…
AMSTERDAM (Reuters) – The Dutch antitrust watchdog fined Apple 5 million euros ($5.7 million) on Monday, its fourth such fine for failing to allow software application makers in the Netherlands to use non-Apple payment methods for dating apps on the App Store. The Authority for Consumers and Markets (ACM) has been levying weekly fines of…
TORONTO (Reuters) – The Canadian dollar edged lower against the greenback on Monday, as investors weighed warnings that Russia could invade Ukraine at any time and a major trade route between Canada and the United States reopened. World shares skidded and the safe-haven U.S. dollar gained ground against a basket of major currencies as the…
By Jody Godoy NEW YORK – Former Goldman Sachs banker Roger Ng is accused of bribery and money laundering charges in connection with the multibillion-dollar looting of Malaysia’s 1MDB sovereign wealth fund. Here is a timeline of key events leading up to the trial. April 2014 – Ng, Goldman Sachs’ managing director and head of…
By Chen Lin SINGAPORE (Reuters) – Airbus voiced optimism on Monday about sales of a new A350 freighter after Boeing launched a competing cargo version of its future 777X jetliner to tap into a freight boom. Airbus launched the freighter version of its A350 wide-body jet last year to address rising air cargo demand and…
