Article content Southwest Airlines Co led U.S. airline cancellations on Tuesday as the low-cost carrier struggled to recover from harsh winter weather that has wrecked holiday plans for many. Shares of the Dallas-based airline were down 5.3% at $34.19 in morning trade, after it canceled 2,523 flights for Tuesday as of 9.42 am ET. That […]
Article content The S&P 500 and tech-heavy Nasdaq fell on Tuesday, led by declines in some megacap growth stocks and Tesla, with optimism around China further easing its COVID-19 curbs limiting losses on the indexes. Tesla Inc slid 5% after Reuters reported that the electric vehicle maker plans to extend a reduced production schedule at […]
Article content MOSCOW — Russia’s dominant lender Sberbank will be forced to close its office in the United Arab Emirates (UAE) early next year, First Deputy Chairman Alexander Vedyakhin said on Monday, blaming sanctions pressure. Sweeping Western sanctions targeted Russia’s financial system after Moscow sent tens of thousands of troops into Ukraine on Feb. 24. […]
Article content JERUSALEM — Israel’s banking regulator on Sunday approved a conditional license and control permit to a group of entrepreneurs to establish a new online bank, the second addition to the highly concentrated banking sector in three years. The Bank of Israel said its banking supervision department had completed the inspection process for the […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters David Randall Published Dec 25, 2022 • 3 minute read Join the conversation Article content NEW YORK — Bruised investors are hoping a so-called Santa Claus rally can soften the pain of a tough year in U.S. stocks and potentially brighten the outlook for 2023. […]
Article content NEW YORK — Twitter Inc restored a feature that promoted suicide prevention hotlines and other safety resources to users looking up certain content, after coming under pressure from some users and consumer safety groups over its removal. Reuters reported on Friday that the feature was taken down a few days ago, citing two […]
Article content BERLIN — Inflation is likely to remain high for another two years as companies pass on higher input costs and in some cases exaggerate them, the head of the council of economists that advises the German government was quoted as saying on Saturday. Russia’s invasion of Ukraine has further stoked already rising costs […]
Article content SHANGHAI — Tesla suspended production at its Shanghai plant on Saturday, according to an internal notice and two people with knowledge of the matter, bringing ahead a previous plan to pause most work at the plant in the last week of December. The U.S. automaker canceled the morning shift and told all workers […]
Article content BERLIN — Inflation is likely to remain high for another two years as companies pass on higher input costs and in some cases exaggerate them, the head of the council of economists that advises the German government was quoted on Saturday as saying. “Inflation will also be an issue in 2024, and only […]
Article content NEW YORK — Oil prices rose by $2 per barrel on Friday after Moscow said it could cut crude output in response to the G7 price cap on Russian exports, putting the market on track for a second week of gains. Brent crude was up by $2.02, or 2.5%, to $83 a barrel […]