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…
By Hyonhee Shin and Joyce Lee SEOUL (Reuters) -Investigations into what caused the crash of a Jeju Air jet ramped up on Tuesday as police rushed to identify victims and as families of those killed in South Korea’s deadliest domestic air accident pressed authorities for more information. The National Police Agency said it is making…
By Johann M Cherian and Pranav Kashyap (Reuters) – Wall Street’s major indexes opened higher in the final trading session of 2024, extending a more than two-year-long bull run fueled by post-pandemic economic resilience, optimism over lower borrowing costs and a boost from the AI revolution. The S&P 500, Dow and Nasdaq are near record…
By Michael Erman NEW YORK (Reuters) – Drugmakers plan to raise U.S. prices on at least 250 branded medications including Pfizer COVID-19 treatment Paxlovid, Bristol Myers Squibb’s cancer cell therapies and vaccines from France’s Sanofi at the start of 2025, according to data analyzed by healthcare research firm 3 Axis Advisors. Nearly all of the…
(Reuters) -The National Highway Traffic Safety Administration said on Tuesday that Ford Motor Co would recall 20,484 hybrid crossover SUVs over battery concerns. The recall includes certain Ford Escape and luxury Lincoln Corsair vehicles from model years 2020 to 2024. “A manufacturing defect in one or more of the high voltage battery cells may result…
By Stephen Culp NEW YORK (Reuters) – U.S. stock exchanges will close on Thursday, January 9 in observation of a national day of mourning in honor of former U.S. President Jimmy Carter, who died on Sunday at the age of 100. The New York Stock Exchange and the Nasdaq announced the closures on Monday, a…
(Reuters) – The crash on Sunday of a Jeju Air Boeing 737-800 in Seoul killed a total of 179 people in the deadliest air disaster on South Korean soil. Here are some of the biggest aviation accidents of 2024, in order of severity: SOUTH KOREA Jeju Air international flight 7C2216, originating from Bangkok, Thailand, and…
ZURICH (Reuters) – Switzerland should not set rules for its banking sector that put it at a disadvantage, UBS CEO Sergio Ermotti was quoted as saying on Monday, as the country prepares to overhaul regulation following his bank’s takeover of Credit Suisse. Swiss authorities are in the coming weeks due to put forward stricter banking…
HELSINKI (Reuters) – The owner of an oil tanker seized by Finland on suspicion of breaking an undersea power line and four telecoms cables in the Baltic Sea last week is seeking the release of the ship, a lawyer representing the company said on Monday. Finnish police and coast guard officials boarded the Cook Islands-registered…
(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…
