By Rajesh Kumar Singh CHICAGO (Reuters) – Shifting travel patterns by consumers in a post-pandemic world are forcing airlines to guess at what is the “new normal” as they seek to adjust by cutting flights, revamping networks and packing even more passengers into planes. Even as the thirst for travel remains strong, the changing trends…
By Nichola Groom (Reuters) – The Navajo Nation has withdrawn support for a Biden administration plan to stop new oil and gas drilling near a sacred site in New Mexico, saying its members could lose potential income tied to those resources. The move puts the tribe at odds with New Mexico’s Pueblo nations who support…
By Patricia Zengerle WASHINGTON (Reuters) – Democratic and Republican U.S. senators introduced legislation on Wednesday to overhaul the vast security clearance system for protecting national secrets, spurred by damaging document leaks allegedly by a 21-year-old airman and the discovery of classified materials at top officials’ homes. Led by Democratic Senator Mark Warner, chairman of the…
By Andrew Goudsward (Reuters) – A federal judge on Wednesday urged the U.S. Securities and Exchange Commission to resolve its dispute with law firm Covington & Burling over the agency’s demand for the names of 300 clients affected by a cyberattack on the firm. But both sides indicated during the hearing in Washington, D.C., that…
By Helen Coster (Reuters) – When deliberating whether to settle its defamation lawsuit against Fox for $787.5 million in April, the CEO of Dominion Voting Systems and his partner saw the figure as “a very big price to put on truth and journalism and probably not a bad precedent,” Dominion head John Poulos said Wednesday….
(Reuters) – First Citizen BancShares Inc on Wednesday reported a gain of $9.82 billion in the first quarter from its acquisition of failed lender Silicon Valley Bank in March. The windfall helped drive a surge in its profit to $9.50 billion, or $653.64 per share, for the three months ended March 31 from $264 million,…
By Timothy Gardner WASHINGTON (Reuters) – The U.S. nuclear energy regulator on Tuesday issued a license to Holtec International to build and operate a temporary facility to store nuclear waste from power plants, despite a New Mexico state law that could present a hurdle to the project. The Nuclear Regulatory Commission (NRC) said the license…
By Valerie Volcovici WASHINGTON (Reuters) -Democratic U.S. Senator Joe Manchin said on Wednesday he would oppose all nominees for Environmental Protection Agency (EPA) posts until President Joe Biden’s administration halts what he described as its “radical climate agenda.” Manchin, who represents the coal-producing state West Virginia, delivered his ultimatum a day ahead of the EPA’s…
By Yousef Saba and Rachna Uppal DUBAI (Reuters) – Lucid’s electric vehicles are often displayed prominently at public events and financial conferences in Saudi Arabia to symbolise its crown prince’s multi-billion dollar “Vision 2030”. The electric car maker is among the biggest U.S. investments by Saudi Arabia’s Public Investment Fund (PIF) which has been tasked…
By Chris Taylor NEW YORK (Reuters) – Whether they actively teach us about finances, or we just observe how they handle the business of life, mothers can have a massive influence on our financial lives. For Mother’s Day, we asked a few business leaders about the best money advice they ever got from their moms….
