US says fine warranted in Southwest Airlines holiday meltdown
By David Shepardson (Reuters) -The U.S. Transportation Department told Southwest Airlines a civil fine is warranted over the airline’s December…
Category: Business
From Amazon to McDonald’s, strong earnings show U.S. consumer resilience
By Ananya Mariam Rajesh and Aishwarya Venugopal (Reuters) – In a strong quarter for earnings, the big consumer stocks have…
UAW expands GM walkout after deal to end Stellantis strike
By David Shepardson and Joseph White (Reuters) -The United Auto Workers on Saturday expanded its strike against General Motors to…
Frazzled U.S. stock investors eye frothy Treasury market as Fed looms
By David Randall NEW YORK (Reuters) -Financial markets are bracing for what could be a momentous week, with a Federal…
Amazon’s playbook for happy holidays: discounts, same-day delivery – and AI
By Arriana McLymore NEW YORK (Reuters) – Generative AI will be Amazon’s secret weapon this holiday season, leveraging data from…
Chevron’s third-quarter profit slumps, shares fall
By Sabrina Valle and Mrinalika Roy HOUSTON (Reuters) -Chevron on Friday posted a third-quarter profit that missed Wall Street estimates…
AbbVie takes $2.1 billion charge on cancer drug ahead of US price negotiation
By Leroy Leo and Christy Santhosh (Reuters) -AbbVie, girding for government price negotiations on its big-selling cancer drug Imbruvica, on…
Amazon rallies on cloud optimism as it chases Microsoft for AI business
By Aditya Soni (Reuters) -Amazon.com rose 7% on Friday on a pick up in growth at its most profitable cloud…
Ford again warns on EV results, withdraws 2023 forecast
By Paul Lienert and Nathan Gomes DETROIT (Reuters) -Ford Motor on Thursday withdrew its full-year results forecast due to “uncertainty”…
Amazon’s cloud stabilizing, shoppers cautious heading into holiday season
By Jeffrey Dastin and Akash Sriram (Reuters) -Amazon.com on Thursday said growth in its cloud business is stabilizing as it…