FAA expects to soon boost flights at Newark airport after runway reopening
(Reuters) – The Federal Aviation Administration said it plans to soon boost the number of flights at Newark Liberty International Airport after a runway reopened on Monday nearly two weeks ahead of schedule.Acting FAA Administrator Chris Rocheleau said the...
Musk’s xAI seeks $113 billion valuation in $300 million share sale, FT reports
(Reuters) -Elon Musk’s xAI is seeking a valuation of $113 billion in a share sale worth $300 million, the Financial Times reported on Monday, citing people close to the situation.The deal would allow employees to sell shares to investors and a larger investment...
Disney laying off several hundred in film, TV, finance
(Reuters) -Media company Walt Disney is laying off several hundred employees in film, television and corporate finance, a source familiar with the matter said on Monday.The layoffs affect multiple teams around the world, including film and TV marketing, TV publicity,...
Harvard’s US-funded defense projects totaled $180 million in recent years, study shows
By Mike StoneWASHINGTON (Reuters) -When the Trump administration cut federal funding to Harvard University, it abruptly ended an estimated $180 million that the federal government had poured into U.S. military projects at Harvard in recent years, according to an...
Musk said he was chainsawing government spending. It was more like a trim
By Brad Heath, Jason Lange, Andy Sullivan, Grant SmithWASHINGTON (Reuters) -Elon Musk once famously wielded a chainsaw on stage in a theatrical demonstration of his effort to drastically cut U.S. federal spending under President Donald Trump. As he leaves government,...
Traders keep bets on September Fed rate cut as US inflation cools
(Reuters) -Traders of futures that settle to the Federal Reserve’s policy rate continued to bet on Friday that the U.S. central bank will cut its target for short-term borrowing costs in September, after inflation by the Fed’s targeted measure cooled to...
US consumer spending slows in April; inflation rises moderately
WASHINGTON (Reuters) -U.S. consumer spending increased marginally in April as a rush to beat higher prices from import duties slowed. Consumer spending, which accounts for more than two-thirds of economic activity, rose 0.2% last month after an unrevised 0.7% jump in...
Trump says China has ‘totally violated’ agreement with US on tariffs
WASHINGTON (Reuters) -U.S. President Donald Trump on Friday said China had violated an agreement on tariffs with the United States.”China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!,” Trump...