CHICAGO (Reuters) – Southwest Airlines Chief Executive Bob Jordan said on Thursday the company will carry out a thorough review…
Wall St drops more than 1% with jobs data feeding fears of more Fed tightening
By Sinéad Carew and Amruta Khandekar (Reuters) – Wall Street’s main indexes lost more than 1% on Thursday, with Nasdaq…
Bed Bath & Beyond’s road to potential bankruptcy
(Reuters) – From a failed merchandising strategy to activist investor pressure over overpayed executives, Bed Bath & Beyond Inc has…
U.S. plans to seek ‘higher penalties’ for airlines violating consumer protections
By David Shepardson WASHINGTON (Reuters) – The U.S. Transportation Department (USDOT) said it planned to seek higher penalties for airlines…
Geely’s EV brand Zeekr aims to double sales in 2023, expand in Europe
By Joseph White LAS VEGAS (Reuters) – Chinese electric vehicle brand Zeekr aims to double sales in 2023 to about…
Biden says U.S. economy headed to ‘new plateau,’ amid recession fears
By Andrea Shalal WASHINGTON (Reuters) – President Joe Biden said on Thursday the U.S. economy was seeing “really bright spots”…
Crypto firms off to rocky start in 2023 with outflows, layoffs and a lawsuit
By Hannah Lang (Reuters) – The crypto industry’s woes continued on Thursday as plunging deposits, layoffs and a lawsuit added…
Stellantis CEO delivers a technology statement with a Ram truck
By Joseph White LAS VEGAS (Reuters) – Stellantis NV on Thursday unveiled a prototype of an electric Ram pickup at…
U.S. judge accepts Danske Bank guilty plea in $2 billion pact to end Estonia probe
NEW YORK (Reuters) – A U.S. judge on Thursday accepted Danske Bank’s guilty plea to a bank fraud conspiracy charge…
U.S. authorities probe FTX engineer Singh -Bloomberg News
(Reuters) – U.S. authorities are investigating the chief engineer of bankrupt crypto exchange FTX, Nishad Singh, ratcheting up pressure on…