By Ahmed Aboulenein WASHINGTON (Reuters) – The U.S. Centers for Disease Control and Prevention (CDC) said on Friday it would stop reporting or monitoring COVID-19 case data and transmission rates after the government ends the pandemic’s public health emergency designation next week. The agency will stop using its color-coded COVID-19 Community Levels (CCL) system, which…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated in April while wage gains increased solidly, pointing to persistent labor market strength that could compel the Federal Reserve to keep interest rates higher for longer as it fights to bring inflation under control. The Labor Department’s closely watched employment report on Friday also showed…
MEXICO CITY (Reuters) -Mexican President Andres Manuel Lopez Obrador does not foresee a jump in migrant flows once U.S. border restrictions are lifted next week, contrary to U.S. officials who are preparing for the possibility of a spike in illegal border crossings. The border policy known as Title 42, which allows U.S. authorities to rapidly…
WASHINGTON (Reuters) – The quarter point rate increase approved by the Federal Reserve this week was “a good next step” in the fight against inflation, St. Louis Fed President James Bullard said on Friday. “We have a lot of inflation in the U.S. economy,” Bullard said in the first policymaker comments since the Fed’s latest…
By Noel Randewich (Reuters) – Apple’s stock surged nearly almost 5% on Friday, hitting a nine-month high and on track for its biggest one-day gain since November after the iPhone maker’s quarterly results cheered investors worried about a potential recession. (Graphic: Apple surges as Tim Cook keeps steady hand on helm – https://fingfx.thomsonreuters.com/gfx/mkt/zdvxdgxddvx/Pasted%20image%201683306123687.png) The rally…
By David Shepardson WASHINGTON (Reuters) -The U.S. National Transportation Safety Board (NTSB) will hold a May 23 forum on the danger of runway incursions after a series of close call incidents raised questions about the safety of U.S. aviation. The NTSB is investigating six runway incursion events since just the start of the year. The…
By Caroline Valetkevitch NEW YORK (Reuters) -The estimated decline in first-quarter S&P 500 earnings has improved from last week and is now at just 0.7% year-over-year, Refinitiv data showed on Friday, thanks to another round of upbeat results from companies including Apple Inc.. The first-quarter reporting period is in the final stretch, with results now…
BOGOTA (Reuters) – Flights returning Colombians found by immigration officers at the U.S. border with Mexico to their home country will resume beginning next week, Colombia’s migration agency said on Friday. The agency said this week it had temporarily suspended the program, citing cruel and degrading treatment and last-minute flight cancellations. The number of Colombians…
By Bianca Flowers and Giulio Piovaccari MILAN (Reuters) – Agricultural and construction machine maker CNH Industrial on Friday raised its full-year revenue forecast as operating profit topped expectations in the first quarter, aided by a strong order backlog and resilient demand for its large tractors. Shares for the global industrial manufacturer rebounded in early trading…
(Reuters) – Marathon Petroleum Corp on Friday said three of the four employees who were hospitalized after exposure to a release at its refinery in Wilmington, California had been discharged. The fourth employee was in stable condition and remained under observation overnight, the company said, adding it was investigating the cause of the gas leak…
