By Joey Roulette WASHINGTON (Reuters) -A lot is riding on the first launch of the new Vulcan rocket by the United Launch Alliance, a joint venture of Boeing and Lockheed Martin. A successful launch at Cape Canaveral next week would allow ULA to fulfill a deep backlog of missions worth hundreds of millions of dollars…
By Jeff Mason and Steve Holland VALLEY FORGE, Pennsylvania (Reuters) – Joe Biden on Friday accused Republican Donald Trump, his likely 2024 election opponent, of instigating the Jan. 6 attacks and plotting revenge on those seeking to punish him, as the president put the future of U.S. democracy at the center of his bid for…
(Reuters) -U.S. natural gas producer Chesapeake Energy and peer Southwestern Energy are nearing a merger that would create a nearly $17 billion company, a person familiar with the matter told Reuters on Friday. The deal could come together as soon as next week provided the talks do not fall apart, the source said, requesting anonymity…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers hired more workers than expected in December while raising wages at a solid clip, casting some doubt on financial market expectations that the Federal Reserve would start cutting interest rates in March. There were, however, some cracks in the closely watched employment report from the Labor Department…
By Laura Sanicola (Reuters) -Oil settled lower on Thursday in a choppy see-saw session, as massive weekly gasoline and distillate stock builds overshadowed a larger-than-expected crude stock draw. Brent crude settled down 66 cents, or 0.8%, to $77.59. During the session it both rose and fell over $1. U.S. West Texas Intermediate crude futures settled…
(Reuters) -Apple continued its struggle in the new year on Thursday, plumbing an eight-week low after Piper Sandler handed the tech giant its second downgrade this week on worries about iPhone demand. The rating action knocked Apple shares down 1.4% at $181.6, causing its market value to decline nearly $170 billion so far in the…
(Reuters) -Ford Motor on Thursday posted its best annual auto sales in the United States since 2020, fueled by sustained demand for the automaker’s crossover SUVs and pickup trucks, a day after many of its peers reported double-digit gains in new vehicle sales. The Detroit automaker said vehicle sales rose 7.1% to 1.99 million units…
By Ted Hesson and Susan Heavey WASHINGTON (Reuters) -A Republican-led U.S. House of Representatives committee next week will advance an effort to impeach Homeland Security Secretary Alejandro Mayorkas over allegations he has been derelict in his duty of managing the U.S.-Mexico border, the committee announced on Wednesday. The House Homeland Security Committee will hold a…
By Georgina McCartney HOUSTON (Reuters) -Oil prices closed the first trading session of 2024 lower as expectations for interest rate cuts waned and on easing concerns that tensions in the Red Sea will disrupt supplies. Brent crude settled at $75.89, down by $1.15 or 1.5%. U.S. West Texas Intermediate crude settled at $70.38 a barrel,…
By Libby George LONDON (Reuters) -Saudi Arabia’s Public Investment Fund accounted for about a quarter of the almost $124 billion spent by sovereign wealth funds worldwide last year, a report published on Jan. 1 showed. PIF’s whopping $31.5 billion spend in 2023 compared with $123.8 billion for all sovereign wealth funds, based on a preliminary…
