By Aishwarya Nair and Eric M. Johnson (Reuters) -Air Lease Corp on Thursday pointed to strong demand for the industry’s most popular jet models as travel recovers from the pandemic but warned of potential risks to jet production from stretched global supply chains. The Los Angeles-based leasing giant issued the remarks after reporting a quarterly…
By David French (Reuters) – U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve’s interest rate hike the previous day would not be enough to tame surging inflation. All three main Wall Street benchmarks erased gains made during a relief rally…
By Aluisio Alves (Reuters) – MercadoLibre Inc said it was so far managing to recoup higher costs by boosting its prices as the South American e-commerce giant reversed a year-ago loss, helped by growth in its financial services unit. Chief Financial Officer Pedro Arnt said in a call with analysts that MercadoLibre was trying to…
(Reuters) – The U.S. District Court for the Southern District of New York ordered the co-founders of cryptocurrency platform BitMEX to pay a combined $30 million fine in connection with a 2020 complaint from the Commodity Futures Trading Commission. The CFTC alleged that Arthur Hayes, Benjamin Delo and Samuel Reed were illegally operating BitMEX in…
By Conor Humphries and Tim Hepher DUBLIN (Reuters) -The head of the world’s second-largest aircraft leasing company said on Thursday Boeing had “lost its way” and might need new leadership to fix a flawed culture that overshadowed its revival. The comments by Avolon Chief Executive Domhnal Slattery represented a rare public rebuke of Boeing by…
(Reuters) -Air Lease Corp on Thursday reported a quarterly loss after the aircraft lessor recorded a previously announced $802.4 million charge on the value of jets stranded in sanctions-hit Russia. Global aircraft leasing companies have been scrambling to repossess more than 400 jets worth almost $10 billion from Russian airlines, which have mostly been unresponsive…
By David Shepardson and Nandita Bose WASHINGTON (Reuters) -President Joe Biden met on Thursday with a labor leader organizing Amazon.com Inc workers and with other worker organizers hours after U.S. Senate Budget Committee Chairman Bernie Sanders slammed the online retailer at a hearing on the company’s labor practices. Christian Smalls, who heads the Amazon Labor…
WASHINGTON (Reuters) – Amazon.com Inc union organizer Christian Smalls met with President Joe Biden during his visit to the White House on Thursday, a White House official said. Smalls was also expected to meet with Vice President Kamala Harris and Labor Secretary Marty Walsh during his visit, the official said. (Reporting by Nandita Bose in…
By Karen Brettell NEW YORK (Reuters) – The dollar hit a 20-year high against a basket of currencies on Thursday as a sharp stocks selloff boosted demand for the safe-haven currency and as the Federal Reserve was seen as tightening monetary policy more than peers. Stocks tumbled on Thursday as investors fretted the Fed might…
(Reuters) – Goldman Sachs Group Inc is reviewing its policies for abortion benefits, according to a person familiar with the bank’s thinking, as companies rush to offer support to their U.S. employees if the country’s top court overturns abortion rights. JPMorgan Chase & Co is also discussing extending abortion benefits for employees to cover travel,…
