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Airlines cancel over 1,400 U.S. flights as ice storm hits multiple states

Reuters | February 1, 2023

(Reuters) – Airlines canceled over 1,400 flights in the United States on Wednesday, after an ice storm hit states from Texas to West Virginia. A total of 1,467 flights within, into or out of the United States were canceled, while 527 flights were delayed as of 6.48 a.m. ET, according to flight-tracking website FlightAware. The […]

Davos 2023: CEOs buzz about ChatGPT-style AI at World Economic Forum

Reuters | January 20, 2023

By Jeffrey Dastin DAVOS, Switzerland (Reuters) -Business titans trudging through Alpine snow can’t stop talking about a chatbot from San Francisco. Generative artificial intelligence, tech that can invent virtually any content someone can think up and type into a text box, is garnering not just venture investment in Silicon Valley but interest in Davos at […]

S&P 500 near flat as investors weigh chances of less aggressive rate hikes

Reuters | January 9, 2023

By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 index erased early gains to close nearly flat on Monday as expectations that the Federal Reserve will become less aggressive with its interest rate hikes were offset by lingering worries about inflation. The Dow ended lower, and the Nasdaq Composite ended well off the day’s […]

U.S. labor market remains tight; manufacturing slumps further

Reuters | January 4, 2023

By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings fell less than expected in November as the labor market remains tight, which could see the Federal Reserve boosting interest rates to a higher level than currently anticipated to tame inflation. There was, however, encouraging news in the inflation fight, with a survey from the Institute […]

Tesla deliveries miss estimates due to logistical issues, slowing demand

Reuters | January 3, 2023

By Akash Sriram and Baranjot Kaur (Reuters) -Tesla Inc said quarterly deliveries fell short of market estimates on Monday, held back by ongoing logistical issues and growing demand concerns that rounded off a tumultuous 2022 for the Elon Musk-led firm. The company is still the world’s most valuable automaker even after losing 65% of its […]

FTX’s Bankman-Fried, charged with ‘epic’ fraud, released on $250 million bond

Reuters | December 23, 2022

By Luc Cohen and Jody Godoy NEW YORK (Reuters) – Sam Bankman-Fried was released on a $250 million bond package on Thursday while he awaits trial over the collapse of the FTX crypto exchange, which a U.S. prosecutor called a “fraud of epic proportions.” Federal prosecutors in Manhattan have accused the FTX founder of stealing […]

FTX founder Bankman-Fried in custody after fraud charges, bail denied

Reuters | December 14, 2022

By Jared Higgs, Luc Cohen and Chris Prentice NASSAU, Bahamas/NEW YORK (Reuters) -A Bahamian judge denied FTX founder Sam Bankman-Fried bail on Tuesday, hours after U.S. prosecutors accused the 30-year-old of misappropriating billions of dollars and violating campaign laws in what has been described as one of America’s biggest financial frauds. The former CEO of […]

FTX founder Bankman-Fried to testify before U.S. House panel

Reuters | December 10, 2022

By Mehnaz Yasmin and Kanishka Singh WASHINGTON (Reuters) -FTX’s Sam Bankman-Fried is set to testify before a U.S. House committee on Tuesday, the cryptocurrency exchange’s founder and the congressional panel said on Friday, as regulators investigate his role in the wake of its collapse. The chair of the House of Representatives Committee on Financial Services, […]

Britain eyes trade agreements with California, Utah

Reuters | December 10, 2022

By Andrea Shalal WASHINGTON (Reuters) – Britain this week inked an agreement aimed at boosting trade and investment with South Carolina, its third such deal with a U.S. state, and is seeking similar deals with California and Utah, the UK junior trade minister, Greg Hands, said on Friday. Britain remains convinced that a comprehensive free […]

Turkey oil tanker logjam snarls Russia oil sanctions

Reuters | December 9, 2022

By Daren Butler and Can Sezer ISTANBUL (Reuters) -Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil revenues as the number of tankers waiting to exit the Black Sea through Turkish straits continued to rise on Friday. Ankara has declined to scrap a new insurance inspection […]

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