LONDON (AP) — The CEO of Ryanair on Thursday disputed that a passenger injured during a flight on one of its planes in July was partly sucked out a broken window. Ljubisa Karovic injured his neck and shoulder and had friction burns after the window shattered shortly after takeoff on a flight from no
By Andrea Shalal and Rodrigo Campos WASHINGTON, Sept 10 (Reuters) – The IMF said on Thursday the global economy had weathered the energy shock caused by the war in the Middle East better than feared and global economic output was still expected to expand by about 3% in 2026, but it cautioned that ri
Mortgage rates rose for the third week in a row, pushing the average long-term U.S. home loan rate to its highest level in over 14 months. The benchmark 30-year fixed rate mortgage rose to 6.76% from 6.71% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.35%.
By Tatiana Bautzer and Andre Romani NEW YORK/SAO PAULO, Sept 10 (Reuters) – Brazilian digital bank Nubank will start offering financial products in the U.S. on Thursday through bank partners, it announced in a securities filing. The initial products will be high-yield savings accounts, credit cards
Sept 10 (Reuters) – Positron AI, a startup developing chips to run AI models, said on Thursday it has raised $875 million in its latest funding round, more than quadrupling its valuation in seven months to $5 billion. The startup had raised $230 million in February at a valuation of $1.06 billion, a
WASHINGTON, Sept 10(Reuters) – U.S. wholesale inventories surged in July, the government confirmed on Thursday, potentially positioning inventories to contribute to economic growth in the third quarter. Stocks at wholesalers jumped by an unrevised 1.3%, the Commerce Department’s Census Bureau said.
By Tharuniyaa Lakshmi and Niket Nishant Sept 10 (Reuters) – Wall Street’s main indexes edged lower on Thursday after producer prices data for August raised expectations of an interest rate hike this month, while an escalating conflict in the Middle East kept oil prices above $100 a barrel. Brent cru
By Ann Saphir Sept 10 (Reuters) – The Federal Reserve is a bit more likely to raise short-term borrowing costs at its meeting next week, traders bet on Thursday, after the first of this week’s key inflation reports. Data showed U.S. producer prices rose 5.4% in the 12 months through August, and the
WASHINGTON (AP) — Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war keep costs elevated. The Labor Department’s producer price index — which captures inflation before it reaches consumers — rose 5.4% in August from a ye
WASHINGTON (AP) — Slightly fewer Americans filed for unemployment claims last week as jobless claims remain at historically low levels and layoffs are still relatively rare. Filings for benefits dipped to 206,000 last week from a revised 207,000 the week before, the Labor Department reported Thursda
WASHINGTON, Sept 10(Reuters) – U.S. existing home sales dropped to a 14-month low in August as rising mortgage rates continued to suppress demand. Home sales fell 2.0% last month to a seasonally adjusted annual rate of 3.98 million units, the lowest level since June 2025, the National Association of
Sept 10 (Reuters) – The major U.S. stock indexes opened lower on Thursday after producer prices data for August raised expectations of an interest rate hike this month, while an escalating conflict in the Middle East pushed oil prices above $100 a barrel. The Dow Jones Industrial Average fell 88.8 p
By Reinhard Becker BERLIN, Sept 10 (Reuters) – The European Central Bank raised interest rates on Thursday for the second time this year, seeking to quell an energy-driven rise in inflation triggered by the Iran war even as it warned that fuel prices could move higher. A month of relative calm has b
FRANKFURT, Germany (AP) — The European Central Bank raised interest rates Thursday to cool inflation that is being fed by high oil prices from the Iran war. The decision was supported by a stronger-than-expected economy that suggests businesses can weather the higher borrowing costs. The central ban
By Lucia Mutikani WASHINGTON, Sept 10 (Reuters) – U.S. producer prices increased in August amid higher costs of goods, airline fares and hospital services, boosting the chances of an interest rate hike from the Federal Reserve next week. The report from the Labor Department on Thursday followed news
By Elizabeth Howcroft and Phoebe Seers PARIS, Sept 10 (Reuters) – A disconnect between deteriorating macroeconomic conditions and upbeat valuations risks triggering a market drop, the European Union’s financial watchdog said on Thursday, citing conflict in the Middle East and rising energy prices. “
NEW YORK (AP) — Pickpockets were once the biggest worry for travelers heading to new destinations on vacation. But travel scams have become more sophisticated, and scammers using new artificial intelligence tools have become better at creating fake websites and using stolen data to their advantage,
Sept 10 – OPEC on Thursday lowered its forecast for world oil demand growth in 2026 to 380,000 barrels per day, a copy of its monthly report showed, marking the fifth straight downward revision. The producer group continues to see a smaller impact on consumption since the Iran war started than other
By Gabriel Araujo and Richa Naidu CACAPAVA, Brazil/LONDON, Sept 10 (Reuters) – Nestle is raising prices, reformulating products and cutting items consumers are unwilling to pay more for as it tackles the effects of higher energy, freight and raw material costs following the conflict in the Middle Ea
Sept 10 (Reuters) – JetBlue Airways expects to pay more for fuel in the third quarter as the Iran war keeps prices elevated, while demand for travel remains strong. The carrier said on Thursday it expects to pay $3.96 per gallon for fuel in the quarter, up from its prior forecast of $3.49. Its share
CAIRO (AP) — Yemen is moving closer to a return to civil war. The escalating events in the Arab world’s poorest country are closely linked to the war in Iran and global efforts to ship oil out of the Gulf region. Here’s a look at an emerging conflict involving an Iranian-backed rebel group’s efforts
BEIJING (AP) — China and the U.S. hope to reach an agreement on lowering import taxes soon, a Chinese government spokesperson said Thursday, fueling expectations that an announcement could come when the leaders of the two countries meet in two weeks. Negotiators are striving to implement reciprocal
Sept 10 (Reuters) – Macy’s raised its annual sales and profit forecasts on Thursday after stronger performance at its upmarket Bloomingdale’s and Bluemercury chains as higher-income shoppers keep spending despite broader economic uncertainty. Under CEO Tony Spring, the department-store operator has
By Mike Dolan Sept 10 (Reuters) – Energy and bond markets are on edge once again after U.S. President Donald Trump said the Iran war would not end until after November’s midterm elections. That came amid the most intense attacks on Gulf shipping in the conflict so far. Meanwhile, markets await a lik
By Nupur Anand and Jonathan Stempel NEW YORK, Sept 10 (Reuters) – As U.S. President Donald Trump pressures institutions he views as adversaries, JPMorgan Chase and Capital One are fighting back. It is a strategy that legal experts and industry sources say may carry fewer risks than giving in. Trump
By Gertrude Chavez-Dreyfuss NEW YORK, Sept 10 (Reuters) – Investors were neither shocked nor awed on Wednesday by the U.S. Treasury’s decision to triple the size of its long-dated bond repurchase, keeping bond yields elevated and signaling that persistent unease over the government’s mounting debt r
BERLIN, Sept 10 (Reuters) – Volkswagen estimates the total cost of job cuts and potential plant closures, part of a landmark restructuring pact struck last week, at around €16 billion ($18.6 billion), a person familiar with the matter said on Thursday. The German carmaker, Europe’s largest, has emba
Sept 10 (Reuters) – Futures tracking the Dow and the S&P 500 indexes attempted a recovery after a three-day slide, as investors cautiously returned to equities ahead of inflation data later on Thursday. The festering conflict in the Middle East has pushed oil prices above $100 a barrel for the first
By Dan Catchpole and Sabrina Valle SEATTLE, Sept 10 (Reuters) – Mergers and acquisitions are accelerating in the aerospace supply chain as clearer Boeing and Airbus production schedules give buyers more confidence in long-term demand, according to industry data and interviews with dealmakers and sup
Sept 10 (Reuters) – American Eagle Outfitters’ shares slumped over 11% in premarket trading on Thursday, following a flat quarterly gross-margin forecast as persistent softness at the company’s core brands outweighed a second-quarter revenue beat. Demand across the apparel sector has been uneven as
