By David Shepardson WASHINGTON (Reuters) – U.S. Transportation Deputy Secretary Polly Trottenberg is taking over as acting head of the Federal Aviation Administration, the department said on Thursday. President Joe Biden also plans to name Katie Thomson, the FAA’s chief of staff, as deputy administrator, replacing Bradley Mims. Trottenberg’s appointment is effective immediately. She replaces…
By Nandita Bose and Trevor Hunnicutt WASHINGTON (Reuters) -President Joe Biden warned Thursday about “ugly” attacks from “hysterical” people who are targeting LGBTQ+ Americans, as he announced new measures intended to curb book bans and rising hate crimes. “We have some hysterical and, I would argue, prejudiced, people” engaged in targeting LGBTQ people, Biden said….
By Shristi Achar A and David Carnevali (Reuters) – U.S. stocks closed higher on Thursday regaining some of their momentum thanks to a rebound by technology stocks, while volatility dropped to record lows ahead of an eventful economic and policy calendar next week. The CBOE Volatility index, also known as Wall Street’s fear gauge, dropped…
By Aishwarya Nair and Bianca Flowers (Reuters) -Motorcycle maker Harley-Davidson has temporarily halted production at its York, Pennsylvania, assembly plant for the second time in just over 12 months due to a parts shortage, the company said. Production at the facility, its largest with nearly 1,000 union employees, will resume on June 13, it noted…
(Reuters) – Twenty-one teenagers from a church group were injured on Thursday when a section of wooden walkway at a Texas beach park collapsed, officials said. Five of the injured were taken to hospital by helicopter, six by ambulance and 10 by private vehicle, a Brazoria County statement said. “No individuals have life-threatening injuries. The…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A big dollar fall, historically low volatility, lower bond yields, and Wall Street on the march with the S&P 500 joining the Nasdaq in bull market territory – Thursday’s global market moves augur well for a strong end…
By Akash Sriram (Reuters) -GameStop fell about 19% on Thursday and was set for its worst session in two years after the surprise exit of a CEO handpicked to lead its online expansion fanned concerns about the videogame retailer’s ailing business. The ousting of former Amazon.com executive Matt Furlong came alongside top shareholder Ryan Cohen’s…
(Reuters) -The California Department of Motor Vehicles on Thursday approved Mercedes-Benz’s automated driving system on designated highways under certain conditions without the active control of a driver. California is one of Tesla’s largest markets, accounting for 16% of the carmaker’s global deliveries last year, according to Reuters calculations. But the German carmaker beat Tesla to…
By Trevor Hunnicutt, Andrea Shalal and Kate Holton WASHINGTON (Reuters) -U.S. President Joe Biden and British Prime Minister Rishi Sunak said Thursday their countries would partner on advanced technologies, clean energy and critical minerals as they strengthen a historical security alliance. Biden and Sunak signed the “Atlantic Declaration,” which Sunak described as a first-of-its-kind economic…
By Dietrich Knauth NEW YORK (Reuters) – The judge overseeing FTX’s U.S. bankruptcy said Thursday that he would not defer to a Bahamian court about key issues like which FTX entity should collect assets and repay customers of the bankrupt crypto exchange. Liquidators for FTX Digital Markets, the exchange’s Bahamas-based subsidiary, have asked U.S. Bankruptcy…
