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S&P 500 limps to slightly lower close as quarter-end looms

Reuters
U.S. economy contracted in Q1; consumer spending revised lower General Mills rises as sales beat on higher prices Bed Bath & Beyond replaces CEO, shares tumble Dow up 0.27%, S&P down 0.07%, Nasdaq off 0.03% NEW YORK, June 29 (Reuters) – The S&P 500 ended a seesaw session slightly down......

Wall Street mints big gains to end strong week

Reuters
S&P 500 has biggest daily jump since May 2020 All 11 major S&P 500 sectors higher Bank stocks rally after clearing Fed’s stress test FedEx jumps after strong forecast Indexes up: Dow 2.68%, S&P 3.06%, Nasdaq 3.34% June 24 (Reuters) – Wall Street’s main indexes soared on Friday in a......

Russian military cargo plane crashes, killing four -reports

Reuters
June 24 (Reuters) – An Ilyushin Il-76 military cargo plane crashed and caught fire while landing near Russia’s western city of Ryazan on Friday, killing four of the nine people on board, the RIA news agency reported, citing local authorities. Five people were hospitalised with injuries, RIA said. The Interfax......

Biden signs ocean shipping bill in bid to reduce export backlogs

Reuters
WASHINGTON, June 16 (Reuters) – President Joe Biden on Thursday signed legislation to improve oversight of ocean shipping, which lawmakers say will help curb inflation and ease export backlogs. The bipartisan bill passed the U.S. House of Representatives on a 369-42 vote earlier this week. Biden said he had “promised......

S&P 500 dips with Fed policy announcement on tap

Reuters
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 7, 2022. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register FedEx jumps after lifting quarterly dividend by more than 50% Oracle rises as sales, profit top estimates......

Trump’s Air Force One paint scheme scrapped by Biden

Reuters
WASHINGTON, June 10 (Reuters) – The Biden administration will scrap a paint scheme for Air Force One proposed by former President Donald Trump, after the Air Force determined the design would create too much heat for the presidential aircraft, a U.S. official said on Friday. The current exterior color scheme......

Shipping giant CMA CGM sees uncertain outlook as earnings surge again

Reuters
The logo of CMA-CGM shipping company is pictured on a container in Montoir-de-Bretagne near Saint-Nazaire, France, March 4, 2022. REUTERS/Stephane Mahe Register now for FREE unlimited access to Reuters.com Register PARIS, June 3 (Reuters) – CMA CGM said on Friday that geopolitical and economic risks were clouding its outlook despite......

China’s Lenovo says supply issues to hit shipments, revenue growth slows

Reuters
HONG KONG, May 26 (Reuters) – China’s Lenovo Group (0992.HK)warned on Thursday that shipments would fall in the short term as China’s COVID-19 lockdowns exacerbated shortages of microchips, after posting its slowest quarterly growth in seven quarters. The world’s largest maker of personal computers (PC) is among many companies facing......

Royal Mail’s profit outlook shaky on labour dispute; shares slide

Reuters
Shares hit near one-and-a-half-year low 2021-22 adjusted operating profit misses market expectations Royal Mail says CWU dispute a ‘key uncertainty’ this year May 19 (Reuters) – Britain’s Royal Mail (RMG.L) said on Thursday the pay dispute with its largest labour union is a “key uncertainty” for the group this fiscal......

U.S. House Democrats seek new environmental review of postal delivery contract

Reuters
WASHINGTON, May 11 (Reuters) – A U.S. House of Representatives committee on Wednesday will consider a bill that seeks to invalidate a U.S. Postal Service (USPS) environmental review conducted as part of its deal to buy 50,000 next-generation delivery vehicles. House Oversight and Reform chair Carolyn Maloney is introducing legislation......

Nasdaq tumbles to lowest close since late 2020

Reuters
Microsoft, Alphabet drop ahead of reports after the bell GE down after it sees 2022 earnings at lower end of forecast Tesla tanks a day after Musk clinches deal to buy Twitter Indexes: Dow -2.38%, S&P 500 -2.81%, Nasdaq -3.95% April 26 (Reuters) – Wall Street ended sharply lower on......

UPS shares fall as consumer caution dims e-commerce outlook

Reuters
A United Parcel Service (UPS) logo is seen on a car in center of Warsaw January 16, 2013. REUTERS/Kacper Pempel/File Photo Register now for FREE unlimited access to Reuters.com Register April 26 (Reuters) – United Parcel Service Inc (UPS.N) on Tuesday reported better-than-expected quarterly earnings, but shares fell 3% after......

U.S. Postal Service chief warns of inflation impact

Reuters
WASHINGTON, April 22 (Reuters) – U.S. Postmaster General Louis DeJoy says the agency is dealing with significant inflation costs as it works to stem losses, acknowledging higher costs will put further pressure on stamp prices. DeJoy told Reuters in a 90-minute interview late on Wednesday the U.S. Postal Service (USPS)......

Biden bans Russian ships from U.S. ports over Ukraine invasion

Reuters
U.S. President Joe Biden speaks to guests after delivering remarks on administration efforts to strengthen national supply chains and increase the number of truck drivers, at the White House in Washington, U.S., April 4, 2022. REUTERS/Leah Millis/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 21......

U.S. settles with UPS to resolve immigration-related discrimination claims

Reuters
WASHINGTON, April 18 (Reuters) – The U.S. Justice Department has secured a settlement with United Parcel Service Inc (UPS.N) to resolve immigration-related discrimination claims in a civil action against the package delivery company, the agency said on Monday. “The settlement resolves the department’s claims that UPS violated the Immigration and......

CEO steers electric truck startup Rivian through supply chain twilight zone

Reuters
NORMAL, Ill., April 18 (Reuters) – Rivian Automotive Inc (RIVN.O) CEO R.J. Scaringe needs to sell a lot more electric vans and pickup trucks to boost a beaten down stock price and fund his ambitious long-term growth plans, but the startup is having trouble buying the parts to build them.......

China data to show sharp March deterioration as COVID bites, but solid Q1 growth

Reuters
Workers watch as a crane lifts a structure at a construction site in Shanghai, China January 14, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register China Q1 GDP growth seen at 4.4%, vs Q4’s 4.0% March data likely deteriorated sharply on COVID lockdowns, April expected to......

Analysis: China’s widening COVID curbs threaten global supply chain paralysis

Reuters
A worker in a protective suit walks at an entrance to a tunnel leading to the Pudong area across the Huangpu river, after restrictions on highway traffic amid the lockdown to contain the spread of the coronavirus disease (COVID-19) in Shanghai, China March 28, 2022. REUTERS/Aly Song TPX IMAGES OF......

Boeing says 141 jet orders in limbo amid war in Ukraine

Reuters
A Boeing 737 MAX 7 aircraft lands during an evaluation flight at Boeing Field in Seattle, Washington, U.S. September 30, 2020. REUTERS/Lindsey Wasson/File Photo Register now for FREE unlimited access to Reuters.com Register SEATTLE, April 12 (Reuters) – Boeing Co (BA.N) on Tuesday moved orders for 141 of its airplanes......

Biden signs U.S. Postal Service financial reform bill

Reuters
A U.S. Postal Service (USPS) logo is pictured on a mail box in the Manhattan borough of New York City, New York, U.S., August 21, 2020. REUTERS/Carlo Allegri/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 6 (Reuters) – President Joe Biden on Wednesday signed legislation......

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