(Reuters) -GE Aerospace’s CEO said on Wednesday he is seeing supply chain improvements that will support an expected 15% to 20% increase in deliveries this year of jet engines used on popular narrowbody aircraft, after snags challenged deliveries in 2024. CEO Larry Culp also told the Bernstein Strategic Decisions conference that the engine maker pledged…
By Tim Hepher PARIS (Reuters) -Airbus is warning airlines that delays in deliveries will persist for another three years as it works through a backlog of supply-chain problems, industry sources said. The cautious tone on deliveries was reinforced at a recent customer gathering in Toulouse and increases pressure on Airbus to demonstrate progress towards a…
(Reuters) -Shein is working towards a listing in Hong Kong, as Chinese regulators did not approve the online fast-fashion retailer’s proposed IPO in London, according to three sources with knowledge of the matter. Here’s a timeline of the Singapore-headquarted company’s attempts to go public and the various setbacks it has encountered. Shein had moved its…
By Howard Schneider WASHINGTON (Reuters) -U.S. households reported little change in their economic well-being last year, with the cost of living remaining a top concern but nearly three-quarters of adults saying they were “doing OK or living comfortably,” the Federal Reserve reported in an annual survey of people’s attitudes about the economy. The poll of…
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By David Thomas (Reuters) -A U.S. judge in Washington on Friday overturned President Donald Trump’s executive order targeting law firm Jenner & Block, dealing another setback to his administration’s crackdown on prominent firms that represented Trump’s political adversaries or employed lawyers who investigated him in the past. Trump’s order had suspended security clearances for Jenner’s…
By Howard Schneider, Ann Saphir WASHINGTON/SAN FRANCISCO (Reuters) -U.S. Federal Reserve staffers have scrambled since January to decipher what Trump administration trade policies will mean for the economy, with published tallies of potential income losses, inflation estimates running as much as 2 percentage points higher, and breakdowns showing state-by-state winners and losers. The research papers…
By Arsheeya Bajwa (Reuters) – Nvidia investors will look for definitive answers on how much U.S. chip curbs on China will cost the company when it reports results on Wednesday, even as a pullback in other regulations is expected to open up new markets. In a fresh effort to stymie Beijing’s access to cutting-edge technology,…
(Reuters) -The Texas health department said on Tuesday it was “cautiously optimistic” about the spread of measles in the state after it saw only one additional case since its last update. The state recorded 729 cases of measles on Tuesday, one more since its last update on Friday. The spread of measles in the state…
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