China COVID cases weigh on Wall St; disney jumpers

China COVID cases weigh on Wall St;  disney jumpers

Disney up on Iger’s return as CEO S&P 500 energy index leads sectoral falls Grindr slips after rocketing in debut Tesla down on vehicle recall, China COVID concerns Dow up 0.01%, S&P 500 down 0.34%, Nasdaq down 1.05% Nov 21 (Reuters) – Wall Street’s main indexes started the week roughly lower on China saying it … Read more

LATAM Airlines plane crashes on Peruvian runway, two firefighters dead

LATAM Airlines plane crashes on Peruvian runway, two firefighters dead

LIMA, Nov 18 (Reuters) – A LATAM Airlines (LTM.SN) jet collided with a firetruck on the runway as it was taking off from the airport in Peru’s capital Lima on Friday, resulting in the death of two firefighters, the carrier said. Peru’s health ministry said at 7 pm (0000 GMT) that 20 passengers were being … Read more

Passenger plane crashes into Lake Victoria in Tanzania, 19 dead, prime minister says

Passenger plane crashes into Lake Victoria in Tanzania, 19 dead, prime minister says

Plane was trying to land at nearby airport – airline Rescuers in boats rush out to save trapped passengers Crash happened amid storms, heavy rain – broadcaster DAR ES SALAAM, Nov 6 (Reuters) – At least 19 people died when a passenger plane crashed into Lake Victoria in Tanzania on Sunday morning while trying to … Read more

Buffett’s Berkshire loses money as stocks, Hurricane Ian offset rising demand

Buffett's Berkshire loses money as stocks, Hurricane Ian offset rising demand

Nov 5 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Saturday posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from Hurricane Ian offset improvement in many of the conglomerate’s businesses. Operating profit nevertheless rose by 20%, topping analyst forecasts. Berkshire benefited from increased demand and prices … Read more

China vows to continue with ‘dynamic-clearing’ COVID strategy

China vows to continue with 'dynamic-clearing' COVID strategy

BEIJING, Nov 5 (Reuters) – China will persevere with its “dynamic-clearing” approach to COVID-19 cases as soon as they emerge, health officials said on Saturday, adding that measures must be implemented more precisely and meet the needs of vulnerable people. The country’s strict COVID containment approach is still able to control the virus, despite the … Read more

Sterling falls as BoE expects recession, US futures up

Sterling falls as BoE expects recession, US futures up

Bank of England hikes rates by 50 basis points BoE expects recession throughout 2023 Fed official: 50bp hike in Sept “reasonable” Oil stabilized after hitting six-month low Lufthansa returns to operating profit LONDON, Aug 4 (Reuters) – Sterling fell on Thursday after the Bank of England followed its counterparts in the United States and euro … Read more

Spirit ends sale to Frontier as JetBlue talks continue

Spirit ends sale to Frontier as JetBlue talks continue

July 27 (Reuters) – Spirit Airlines Inc. (SAVE.N) canceled its $2.7 billion sale to Frontier Group Holdings Inc (ULCC.O) on Wednesday after Spirit shareholders balked at supporting it, leaving JetBlue Airways Corp (JBLU.O) with an opening to clinch a deal. The development, first reported by Reuters on Wednesday, came after Spirit pushed back a shareholder … Read more

Wall Street closes higher boosted by strong Tesla earnings

Wall Street closes higher boosted by strong Tesla earnings

Tesla shares rise as profit tops expectations AT&T drags down communication services sector Amazon, Apple rise ahead of earnings on July 28 Energy stocks lead sectoral declines Indexes up: Dow 0.51%, S&P 500 0.99%, Nasdaq 1.36% July 21 (Reuters) – Wall Street’s main indexes rose on Thursday boosted by a late-afternoon rally and gains in … Read more