WASHINGTON, Dec 15 (Reuters) – The U.S. Southern Command said on Monday that it carried out strikes on three vessels in international waters, killing eight men. “Intelligence confirmed that the vessels were transiting along known narco-trafficking routes in the Eastern Pacific and were engaged in narco-trafficking,” the military said in a post on X. The…
By David Shepardson WASHINGTON, Dec 15 (Reuters) – The Federal Aviation Administration is taking action after a collision between an American Airlines regional jet and an Army helicopter that killed 67 people in January exposed flaws in safety oversight, the agency’s head will tell Congress on Tuesday. “The DCA (Reagan Washington National Airport) accident was a…
By Jason Lange WASHINGTON, Dec 16 (Reuters) – President Donald Trump’s approval rating slipped in recent days to nearly its lowest level of his current term as voters from his Republican Party soured on his handling of the economy, according to a new Reuters/Ipsos poll. The three-day survey, which concluded on Sunday, showed 39% of…
By Puyaan Singh and Michael Erman Dec 16 (Reuters) – Pfizer said on Tuesday the next few years will be bumpy, beginning with 2026, due to lower sales of its COVID vaccine and treatment, price cuts promised to the U.S. government, and the expiration of patents on key drugs. The stock fell 5.2% on Tuesday….
By Abigail Summerville Dec 11 (Reuters) – Apollo Global Management is exploring options, including a sale or initial public offering, for Invited that could value the operator of golf and membership clubs at more than $3 billion including debt, according to sources familiar with the matter. Investment banks JPMorgan and Wells Fargo are working on…
Dec 10 (Reuters) – Federal Reserve Chair Jerome Powell said Wednesday that the current overshooting of the central bank’s 2% inflation target is mostly the result of President Donald Trump’s import tax hikes. “It’s really tariffs that are causing the most of the inflation overshoot,” Powell said after the latest Fed meeting, reiterating his expectation…
Dec 11 (Reuters) – Costco Wholesale beat Wall Street estimates for first-quarter revenue on Thursday, on the back of resilient demand from consumers across income groups amid rising economic uncertainty. Surging inflation and a weak job market have been pushing shoppers to trade down and hunt for bargains on everything from essentials such as groceries to…
By Saeed Azhar NEW YORK, Dec 10 (Reuters) – JPMorgan Chase’s most senior external hire yet, Todd Combs from Berkshire Hathaway, is set to turbocharge its $1.5 trillion push into national security. Combs, a long-serving deputy to legendary investor Warren Buffett, joined the nation’s largest bank this week to lead a team that will invest…
Dec 5 (Reuters) – The Magnum Ice Cream Company’s reference price was set at 12.80 euros ($14.89) per share for its stock market debut on Monday, Euronext said in a notice on Friday. Magnum’s long-awaited spinoff from consumer goods conglomerate Unilever was delayed by a month by the U.S. government shutdown and will see the…
Dec 5 (Reuters) – Meta has struck several commercial AI data agreements with news publishers including USA Today, People Inc, CNN, Fox News, The Daily Caller, Washington Examiner and Le Monde, the company said on Friday. The tie-ups will allow the Facebook-parent to provide “real-time” news and updates through its artificial intelligence chatbot by linking…
