By Rajesh Kumar Singh CHICAGO, Aug 12 (Reuters) – American Airlines is reorganizing senior management, broadening oversight across its commercial and operations teams and adding a former Spirit Airlines executive to run technical operations, as CEO Robert Isom faces pressure to close the carrier’s p
NEW YORK (AP) — President Donald Trump was sued in federal court Wednesday to stop him from making money off a new, paid service at his Truth Social company offering early, exclusive access to his posts on U.S. policy. The lawsuit alleges the service offering paying customers sneak peeks of his post
NEW YORK, Aug 12 (Reuters) – Top U.S. fuel makers boosted returns to shareholders in the second quarter as prolonged disruptions to crude supplies through the Strait of Hormuz sent fuel prices and refining margins surging. Industry analysts said refiners’ massive profits and strong buyback programs
CAPE CANAVERAL, Fla. (AP) — A new study suggests a protective vest tested on a manikin during NASA’s first Artemis moonshot could drastically cut the radiation exposure of lunar astronauts during severe solar storms. Scientists reported Wednesday on the radiation-shielding vest worn around the moon
CHICAGO (AP) — It started as a limited promotion for a specialty theme night. Then the Chicago White Sox heard from their fans. Everyone wanted a pope-themed hat. “When things go bananas … that’s when it gets really fun,” said Brooks Boyer, Chicago’s chief revenue and marketing officer. Fun is the o
Natural Resources: The Middle East’s Hidden Map of Abundance and Scarcity The Middle East, North Africa, and South Africa form a region of extremes: giant oilfields and gas hubs, world-leading phosphate mines and platinum deposits, some of the planet’s driest landscapes, and coastlines rich in fish
OAKLAND, Calif. (AP) — Jury selection began Wednesday in Meta’s federal trial over claims its platforms have harmed youth mental health and also track children in violation of federal law. The trial scheduled to begin next week is expected to last six to eight weeks. Meta faces 29 states in the fede
What’s Behind US Intervention To Support Japan’s Yen? The Iran war, Japan’s energy dependence and Tokyo’s vast US Treasury holdings have turned the yen’s weakness into a concern for Washington By Giorgia Valente / The Media Line The United States’ rare decision to join Japan in supporting the yen ma
Aug 12 (Reuters) – The U.S. federal budget deficit for July jumped to $432 billion, a record for the month, as higher outlays and more negative tariff revenues also brought the 2026 fiscal-year-to date budget gap to $1.799 trillion, topping the full fiscal 2025 deficit with two months left in the fi
LOS ANGELES (AP) — The Los Angeles Lakers are being sold for the second time in a year, going to businessmen Josh Kushner and Bob Iger for a record-breaking price. This sale agreement is $12.5 billion, according to a person familiar with the terms who spoke to The Associated Press on condition of an
By Chris Prentice and Samuel Indyk NEW YORK/LONDON, Aug 12 (Reuters) – Global equities were higher on Wednesday after mild inflation data reinforced bets the Federal Reserve will hold interest rates steady, while oil prices dipped as investors balanced lower demand against a deadlock in U.S.-Iran ta
Aug 12 (Reuters) – Copper foil maker Londian Wason New Energy Tech was valued at $2.01 billion in its New York Stock Exchange debut on Wednesday, marking the largest IPO of a Chinese company in the U.S. in more than a year. The Shenzhen-based company’s shares opened at $26 apiece, above their offer
Aug 12 (Reuters) – Bank of America will acquire up to 49.9% stake in Jio Credit, a unit of Jio Financial Services, for as much as 182.68 billion rupees ($1.92 billion), the companies said on Wednesday. The U.S. lender will be a joint venture partner in Jio Financial’s non-bank lending arm through a
By Abigail Summerville Aug 12 (Reuters) – Nelson Peltz’s Trian Fund Management is forming a consortium of investors to take US fast-food chain Wendy’s private, a source familiar with the matter told Reuters on Wednesday. The group could include Bugatti-backer BlueFive Capital and Flynn Group, one of
HONG KONG/LONDON, Aug 12 (Reuters) – Even after cutting its expected IPO valuation to $30 billion to $40 billion from a near $100 billion private market peak, Shein faces questions over whether slowing growth, rising costs and changing market conditions justify that price tag. Five investors who att
WASHINGTON (AP) – The latest inflation numbers are offering some cautiously encouraging news for American families, even as prices remain higher than many consumers would like. New figures released today by the Labor Department show inflation eased slightly in July. Consumer prices rose 3.4 percent
Aug 12 (Reuters) – Home Depot said on Wednesday CEO Ted Decker will take a temporary medical leave of absence and is expected to return within the next few months. Finance chief Richard McPhail and senior executive vice president Ann-Marie Campbell will oversee CEO operations during Decker’s absence
Aug 12 (Reuters) – The S&P 500 and the Nasdaq opened higher on Wednesday as investors assessed largely in-line inflation data, while upbeat earnings from some AI infrastructure companies provided additional support. The Dow Jones Industrial Average rose 5.6 points, or 0.01%, at the open to 53797.47.
NEW YORK, Aug 12 (Reuters) – U.S. consumer prices increased slightly in July, potentially weakening the argument for an interest rate increase from the Federal Reserve next month. The Consumer Price Index edged up 0.1% last month after dropping 0.4% in June, which was the first decline in six years,
By Ann Saphir Aug 12 (Reuters) – Federal Reserve policymakers may feel little fresh urgency to raise interest rates in September after a government report showed inflation cooled for a second straight month in July, but they may take little comfort that policy is tight enough to keep the easing tren
By Lucia Mutikani WASHINGTON, Aug 12 (Reuters) – U.S. consumer prices barely increased in July as the cost of gasoline declined for a second straight month, while underlying inflation was benign, further reducing the odds of an interest rate hike from the Federal Reserve next month. The small reboun
Aug 12 (Reuters) – U.S. stock index futures pared gains slightly on Wednesday as investors assessed a largely in-line inflation reading for July. A Labor Department report showed the Consumer Price Index rose 3.4% on an annual basis in July, in line with an estimated 3.4% rise, according to economis
A small number of vehicles are discontinued every year. For car shoppers, these cancellations rarely make news. But if you know where to look, there’s an opportunity to get a good deal on a vehicle that’s at the end of its life cycle. There’s a good chance dealers will be looking to offload their re
BEIJING (AP) — Former Chinese Premier Zhu Rongji has died, according to state media. The impatient, sharp-tongued reformer helped ignite China’s explosive economic boom by forcing wrenching change on state industry in the 1990s and leading the country into the World Trade Organization. The official
MOSCOW (AP) — Russian President Vladimir Putin on Wednesday threatened retaliation for Western seizures of its commercial vessels, describing them as “piracy.” Speaking on a visit to a Russian warship that was taking part in a naval exercise in the Pacific, Putin described the Western moves to detai
By Mike Dolan Aug 12 (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets It’s inflation day stateside and an important moment for Federal Reserve thinking, not to mention for nervy bond markets. To be fair, the consumer price report only make
Aug 12 (Reuters) – U.S. stock index futures edged higher on Wednesday ahead of a key inflation report that could influence the Federal Reserve’s monetary policy path, while upbeat earnings from some AI infrastructure companies offered support. July consumer prices data, due at 8:30 a.m. ET, is expec
MADRID (AP) — Spaniards were rushing to buy specialized glasses to view a rare total solar eclipse Wednesday, as authorities warned people flocking to rural areas to avoid anything that could spark new wildfires. Across a swath of northern and central Spain, millions of people will have some of main
By Gertrude Chavez-Dreyfuss, Lewis Krauskopf and Suzanne McGee NEW YORK, Aug 12 (Reuters) – Investors are questioning whether Federal Reserve Chairman Kevin Warsh can successfully unwind decades of communicating its monetary policy intentions without exacting a price from financial markets. While so
Aug 12 (Reuters) – New York City Council Speaker Julie Menin has accused major prediction market startups of using predatory marketing practices to exploit young traders, according to a letter sent to Polymarket that shows the council has opened an investigation into the allegations. The letter from
