General News

Exclusive-Southwest pilots face reduced hours, pay due to Boeing delivery delays May 3, 2024 02:03PM

By Rajesh Kumar Singh

CHICAGO (Reuters) - Southwest Airlines plans to offer its pilots reduced hours and, in effect, monthly pay, two people familiar with the matter said, as it grapples with higher costs and overstaffing due to delays in aircraft deliveries from Boeing.

The Dallas-based airline, which operates an all-Boeing fleet, has been reeling from the U.S. planemaker's ongoing safety crisis. Last week it warned of a hit to... (continue reading...)

LNG producer Cheniere's export volumes fuel core profit beat May 3, 2024 12:59PM

(Reuters) -Top U.S. liquefied natural gas producer Cheniere Energy beat adjusted core profit estimates on Friday, as higher-than-expected export volumes countered lower natural gas prices.

The U.S. emerged as the top LNG exporter in 2023 as buyers scrambled to find alternate sources after Western sanctions squeezed supplies from Russia.

Cheniere's overall loaded LNG volumes remained roughly flat year-on-year at 601 trillion British thermal... (continue reading...)

NFP reactions: Jobs report breathes new life into rate cut calls May 3, 2024 02:01PM

The latest non-farm payroll (NFP) data has dropped, and analysts have been quick to provide their thoughts on its meaning for the US economy. This key jobs report can signal economic health and future Federal Reserve policy decisions, so market reactions are often swift and varied.

NFP numbers breakdown

The latest data revealed the U.S. economy added fewer jobs than anticipated in April. 

The report showed that nonfarm payrolls were 175,000 last month, lower than the... (continue reading...)

Midday movers: Apple, Amgen and Block rise; Cloudflare and Expedia fall May 3, 2024 11:38AM (Updated - May 3, 2024 11:38 AM EDT)

Investing.com -- Main U.S. indexes rose Friday, as generally positive earnings helped boost overall sentiment, while a soft monthly jobs report fueled hopes the Fed would begin cutting rates in September.

Here are some of the biggest U.S. stock movers today:

Apple (NASDAQ: AAPL) stock rose 7% after the iPhone maker reported a drop in revenue in the opening three months of the year, but still topped analysts' downbeat projections,... (continue reading...)

Weaker US jobs data soothes Fed worries of renewed overheating May 3, 2024 10:50AM

By Howard Schneider and Lindsay Dunsmuir

(Reuters) - Federal Reserve officials, buffeted by concerns the economy might again overheat, got relief on Friday when jobs data for April showed a marked cooling in wage growth and a pace of hiring in line with levels seen before the COVID-19 pandemic.

The gain of 175,000 payroll jobs last month was the lowest since October of 2023, while the 3.9% annual change in average hourly earnings was the... (continue reading...)