All news by author: Reuters
• US News • Views: 1159
The vice chair of the NTSB has been dismissed by the White House amid escalating aviation concerns throughout the United States
The White House dismissed Alvin Brown, who was serving as the vice chair of the National Transportation Safety Board, marking the most recent in a sequence of firings by President Donald Trump
• Business • Views: 929
Ford cautions about a $2.5 billion impact due to Trump tariffs, halts its annual earnings forecast
On Monday, Ford Motor withdrew its yearly forecast due to the uncertainty surrounding President Trump's tariffs, stating that the tariffs would reduce the company's adjusted earnings before interest and taxes by approximately $1.5 billion
• Business • Views: 841
Rite Aid files for bankruptcy again, plans to cut jobs
Pharmacy chain Rite Aid intends to file for bankruptcy protection for the second time in two years, and is also planning to cut jobs, Bloomberg News reported Monday.
• Business • Views: 831
Tyson Foods shares sink as meatpacker warns of ‘challenging market conditions’ for beef
Tyson Foods reported lower-than-expected quarterly sales and stuck to its annual revenue forecast on Monday amid weaker demand for beef, sending shares down 9% and overshadowing better-than-anticipated profits.
• Business • Views: 1214
Skechers shares jump 25% after striking $9.4B deal to go private
Skechers has agreed to be taken private by 3G Capital for $9.42 billion in the footwear industry's biggest buyout to date, at a time when the company grapples with the impact of steep US tariffs.
• Business • Views: 884
OPEC+ plans to accelerate increases in oil production, sources report
OPEC+ plans to speed up increases in oil production and may reintroduce up to 2.2 million barrels per day to the market by November, according to five OPEC+ insiders. The coalition's leader, Saudi Arabia, is looking to reprimand some members for exceeding production limits
• World News • Views: 620
A South African court has found a mother guilty of trafficking her 6-year-old daughter
A court in South Africa convicted a mother alongside two accomplices for abducting and trafficking her 6-year-old daughter, a case that captured the country's attention since the previous year
• World News • Views: 462
Nigel Farage’s Reform UK Party wins mayoral and parliamentary post in surge of support
Nigel Farage's right-wing Reform UK won a fifth parliamentary seat on Friday which underscored the threat it poses to Britain's main two political parties.
• World News • Views: 984
China is considering a US proposal to discuss tariffs, and Beijing is open to talks
Beijing is "assessing" a proposal from Washington to engage in discussions regarding the severely impactful tariffs imposed by US President Donald Trump, according to China's Commerce Ministry on Friday, suggesting a possible easing of tensions in the trade conflict that has unsettled global markets
• Business • Views: 960
Amazon's stock drops due to a lackluster forecast and slower growth in cloud revenue
On Thursday, Amazon announced its first-quarter cloud revenue growth but projected operating income that fell below expectations, which left investors disappointed
• Business • Views: 893
The federal government files lawsuit against Aetna and Humana over supposed Medicare kickback scheme
The Justice Department has charged three of the country's largest health insurance companies with disbursing hundreds of millions of dollars in kickbacks to brokers in return for directing patients to their Medicare Advantage plans
• Business • Views: 726
Microsoft increases Xbox prices because of tariffs after PlayStation's increase
Microsoft's Xbox is increasing the prices of its game consoles, controllers, first-party games, and other accessories, in line with similar actions taken by competitors because of US tariffs affecting worldwide supply chains
• Business • Views: 1175
Tesla's board sought a new CEO as Elon Musk concentrated on the White House, according to a report
According to the Wall Street Journal, Tesla's board members contacted several executive search firms about a month ago to look for a replacement for CEO Elon Musk
• Business • Views: 582
Starbucks reports a larger-than-anticipated decline in global sales due to sluggish demand in the US
Starbucks reported a larger-than-anticipated decline in global comparable sales for the quarter on Tuesday, as demand for its high-priced coffees in the United States remained weak due to increasing macroeconomic uncertainty
• Business • Views: 974
Saks Fifth Avenue launches storefront on Amazon to sell luxury clothes, products
Saks Fifth Avenue is launching a storefront on Amazon where it will sell high-end, designer products from Dolce & Gabbana and Balmain in the e-commerce giant's latest foray into selling luxury goods, the companies said on Tuesday.
• World News • Views: 674
Prosecutors have charged Kai-Ji Adam Lo from Vancouver for the assault on a Filipino festival that resulted in at least 11 fatalities
Prosecutors in British Columbia charged Kai-Ji Adam Lo with eight counts of murder in the second degree
• Business • Views: 705
Jack in the Box plans to shut down as many as 200 locations and is considering selling Del Taco
Jack in the Box is looking to sell its underperforming Del Taco restaurant chain and has halted its dividend as part of a reorganization strategy under its new CEO Lance Tucker, it announced on Wednesday
• US News • Views: 696
US judge blocks Trump’s shutdown of government-funded radio broadcasts
A federal judge ordered President Trump's administration to stop the shutdown of government-funded radio broadcasts of Voice of America, Voice of America, Radio Free Asia, and Middle East Broadcasting Networks.
• Business • Views: 623
OpenAI would buy Google’s Chrome, ChatGPT exec testifies at antitrust trial
OpenAI would be interested in buying Google's Chrome if antitrust enforcers are successful in forcing the Alphabet unit to sell the popular web browser as part of a bid to restore competition in search, an OpenAI executive testified on Tuesday at Google's antitrust trial in Washington.
• Business • Views: 1228
Boeing jet returns to US from China — a victim of Trump’s tariff war
A Boeing jet intended for use by a Chinese airline landed back at the planemaker's US production hub on Saturday, a victim of the tit-for-tat bilateral tariffs launched by President Trump in his global trade offensive.
• Business • Views: 1023
China’s export controls are curbing critical mineral shipments to the world
China's export controls on three metals important across the defense and chip sectors are keeping shipments at historically low levels despite high prices worldwide as Beijing flexes its control over the minerals supply chain.
• World News • Views: 1201
On Easter, Zelensky addresses Ukraine: "Evil may have its moment, but God will have His day."
President Volodymyr Zelensky encouraged Ukrainians to maintain hope for peace, just hours after Russian President Vladimir Putin unexpectedly declared a temporary one-day truce in Ukraine for Easter
• Business • Views: 1127
Ford halts shipments of F-150s, other models to China to avoid tariffs
Ford Motor said Friday it has halted shipments of its SUVs, pick-up trucks and sports cars to China, as it starts to face the heat from retaliatory tariffs that have seen vehicles face taxes as high as 150%.
• Business • Views: 430
Tesla accused of speeding up odometers so they fall out of warranty faster: lawsuit
Tesla faces a proposed class action claiming it speeds up odometers on its electric vehicles so they fall out of warranty faster, saving Elon Musk's company from having to pay for repairs.
• Business • Views: 658
Tesla resolves a lawsuit filed by a Black employee, claiming widespread harassment at its California facility
Tesla has resolved a racial discrimination lawsuit filed by a Black female employee who alleged that a manager at its Fremont, California, plant occasionally greeted employees with phrases like "welcome to the plantation" or "welcome to the slave house."
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