By David Shepardson WASHINGTON (Reuters) – The U.S. Transportation Department has imposed a $2 million penalty on JetBlue Airways for operating four chronically delayed flights on domestic routes – the first time it has imposed such a fine on an airline for the prohibited scheduling practice. USDOT said on Friday that as part of a…
By Laila Kearney NEW YORK (Reuters) -Oil prices rose about 2% on Thursday as investors returned for the first trading day of the new year with an optimistic eye on China’s economy and fuel demand after a pledge by President Xi Jinping to promote growth. Brent crude futures rose $1.44, or 1.9%, to $76.08 a…
(This Dec. 23 story has been corrected to fix the spelling of ‘Jonah Crane’ in paragraphs 15 and 18) By Hannah Lang (Reuters) – The cryptocurrency industry is pushing President-elect Donald Trump’s team to kick start his promised crypto policy overhaul when he takes office next month with executive orders that would help push tokens…
BEIJING (Reuters) – China’s 2024 gross domestic product (GDP) is expected to exceed 130 trillion yuan ($17.8 trillion), President Xi Jinping said on Tuesday in his New Year’s address, adding that the country would implement more proactive policies to promote growth in 2025. The world’s second-largest economy has struggled to stage a robust revival this…
By Nathan Layne WEST PALM BEACH, Florida (Reuters) – Washington Mayor Muriel Bowser said she had a great meeting with President-elect Donald Trump at his Florida resort and voiced optimism that they would find common ground despite their past clashes. Bowser met Trump at his Mar-a-Lago home for about 45 minutes on Monday, a spokesperson…
(Reuters) – Contracts to buy U.S. previously owned homes rose more than expected in November, notching a fourth straight month of gains as buyers focused on taking advantage of improved inventory despite stubbornly high mortgage rates. The National Association of Realtors (NAR) said on Monday its Pending Home Sales Index, based on signed contracts, rose…
By AJ Vicens (Reuters) – U.S. officials have added a ninth telecommunications company to the list of entities compromised by a sweeping Chinese-linked cyberespionage operation known as Salt Typhoon, a top White House official said Friday. Anne Neuberger, the U.S. deputy national security advisor for cyber and emerging technology, told reporters on a call that…
(Reuters) – U.S.-based utility Duke Energy said on Friday it had filed a plan with the Florida Public Service Commission to recover about $1.1 billion in direct costs associated with the company’s emergency activation and response to hurricanes Debby, Helene and Milton. Duke, the largest utility covering North and South Carolina, said the hurricanes hit…
By Jasper Ward (Reuters) – U.S. President-elect Donald Trump on Wednesday nominated Miami-Dade County Commissioner Kevin Marino Cabrera to serve as ambassador to Panama. Trump described Cabrera as “a fierce fighter for America First principles” who he said has been instrumental in driving economic growth and fostering international partnerships. “Few understand Latin American politics as…
By Jonathan Allen NEW YORK (Reuters) – New York state will fine fossil fuel companies a total of $75 billion over the next 25 years to pay for damage caused to the climate under a bill Governor Kathy Hochul signed into law on Thursday. The law is intended to shift some of the recovery and…
