MUSKEGON, MI – SkyWest, the only commercial airliner to service the Muskegon County Airport, wants to end flights there, but can only do so once a replacement carrier is found. SkyWest, which receives $3.2 million in annual federal subsidies to service Muskegon, on March 10 filed a notice of intent to withdraw service to 29 […]
TUSCALOOSA, Ala., March 15 (Reuters) – Mercedes-Benz AG (MBGn.DE) won’t cut spending on future electric vehicles even as it copes with supply-chain cost pressures exacerbated by the Russia-Ukraine conflict, the German automaker’s chief executive said on Tuesday. Ola Kaellenius, speaking during the company’s opening of its first US electric vehicle (EV) battery factory, also affirmed […]
Dallas-based Southwest and other airlines are cutting thousands of spring flights from schedules because of serious headwinds from high fuel prices, staffing challenges and other ongoing supply chain constraints. Southwest Airlines recently focused 14,500 flights from its March through May schedule, according to flight schedule service Cirium, and the company on Tuesday cited “continuing challenges […]
The Federal Reserve is expected to raise interest rates for the first time since 2018 as it struggles with soaring US inflation, the impact of the war in Ukraine, and the continuing coronavirus crisis. The Fed has a dual mandate – to maximize employment and keep prices under control. The job market and the wider […]
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 26, 2016. REUTERS/Shailesh Andrade Register now for FREE unlimited access to Reuters.com Register MSCI Asia ex-Japan up more than 3%, Nikkei +1.7% China Vice Premier comments trigger jump in Chinese shares US Treasury yields down from June […]
President Biden meets with business leaders to discuss the importance of competitiveness legislation to lower prices for working families. Regulators are carrying out a sweeping investigation of conflicts of interest at the nation’s largest accounting firms, asking whether consulting and other nonaudit services they sell undermine their ability to conduct independent reviews of public companies’ […]
Federal labor officials issued a complaint against Starbucks on Tuesday accusing the coffee chain of illegally interfering with workers’ efforts to form a union. A regional director for the National Labor Relations Board said in the filing that the company’s managers related against pro-union employees in Arizona. One worker, Laila Dalton, was suspended while another, […]
President Biden meets with business leaders to discuss the importance of competitiveness legislation to lower prices for working families. Regulators are carrying out a sweeping investigation of conflicts of interest at the nation’s largest accounting firms, asking whether consulting and other nonaudit services they sell undermine their ability to conduct independent reviews of public companies’ […]
Stock futures opened little changed Tuesday evening as traders stood by for the Federal Reserve’s latest monetary policy decision and updated economic outlook on Wednesday. Contracts on the S&P 500 drifted flat to slightly lower. Earlier, the index closed higher by more than 2%, gaining for the first time in four sessions as volatility gripped […]
naphthalina/iStock via Getty Images Signs of stepped-up activity aimed at negotiating an end to the Russia-Ukraine conflict helped stocks stage a rebound on Tuesday, following losses posted in recent sessions. The gains took place ahead of a highly anticipated Federal Reserve announcement due out on Wednesday, with lower oil prices and a better-than-expected report on […]
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