By Ananya Mariam Rajesh and Juveria Tabassum (Reuters) -Cruise operator Carnival on Monday forecast third-quarter profit largely below estimates as rising marketing and labor costs eat into gains from higher ticket prices and strong demand. The company’s shares, which have surged nearly 80% in the past two months on resurgent demand for cruises, dropped 11%….
By Hilary Russ and Caroline Valetkevitch (Reuters) -Workers at dozens of U.S. Starbucks locations held strikes on Sunday to express their outrage over accusations by the baristas’ union that managers at several U.S. cafes removed rainbow flags and decorations supporting LGBTQ+ Pride month. About a dozen Starbucks workers picketed outside New York’s Astor Place location…
By Mike Stone WASHINGTON (Reuters) -The United States plans to announce as soon as Tuesday a new military aid package for Ukraine worth up to $500 million, keeping up U.S. resolve to help Ukraine against Russia as Moscow deals with a mutiny by some of its soldiers. The package will include ground vehicles as Ukraine…
(Reuters) – Canada’s Northern Dynasty Minerals said on Monday the Alaska district of the U.S. Army Corps of Engineers (USACE) has extended a deadline to comment on future plans regarding the Pebble copper mine to June 29. U.S.-listed shares rose 1.6% in premarket trading, after the second extension of the deadline. The Pacific Ocean Division…
By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Monday rejected Ohio State University’s bid to dismiss lawsuits brought by alleged sexual abuse victims of a now-deceased doctor who was employed by the school’s athletic department and medical staff for nearly two decades. The justices turned away Ohio State’s appeal of a lower court’s…
By Saeed Azhar and Manya Saini NEW YORK (Reuters) – Goldman Sachs Group Inc plans to add former Bank of America executive Tom Montag to its board, a person familiar with the matter said on Monday, as Goldman’s leadership faces challenges over its strategy. The bank’s board is gathering in India this week, a second…
By Kanishka Singh (Reuters) – Tornadoes and thunderstorms hit the U.S. Midwest and South on Sunday, leaving dozens of homes damaged and at least three people dead in Indiana and Arkansas, authorities said on Monday. The National Weather Service said multiple tornadoes and severe storms were reported on Sunday in central Indiana and Arkansas. Emergency…
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of New York President John Williams played down the linkage between monetary policy and financial stability in comments made public Monday, while also warning that using rate policy to tame bubbles can bring unwanted economic pain. His comments came from a presentation made on Sunday…
By Blake Brittain WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear Nike’s bid to overturn a U.S. Patent Office tribunal’s decision to cancel part of a shoe patent in the American footwear company’s now-settled dispute with German rival Adidas. The justices turned away up Oregon-based Nike’s appeal of a lower court’s…
(Reuters) – Wolfspeed said on Monday that a group led by Apollo Global Management would make a debt investment of $1.25 billion in the chipmaker, with room for an additional $750 million, to support its U.S. expansion. Wolfspeed CEO Gregg Lowe said the financing would help “scale up near-term operations at our Mohawk Valley Fab…
