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News
JetBlue cuts capacity growth forecast on rising fuel costs, weather disruptions | The Mighty 790 KFGO | KFGO
2+ day, 18+ hour ago (241+ words) Sept 10 (Reuters) – JetBlue Airways cut its capacity growth forecast for the third quarter on Thursday after higher fuel costs and weather-related disruptions weighed on operations. The carrier, however, said healthy booking trends continued into September across peak and off-peak periods....
ECB’s Lagarde rejects French far-left leader’s debt-cancellation plan as ‘financially dangerous’
2+ day, 16+ hour ago (232+ words) BERLIN, Sept 10 (Reuters) – European Central Bank President Christine Lagarde on Thursday rejected French far-left leader Jean-Luc Mélenchon’s plan to cancel a portion of France’s national debt, calling it “financially dangerous” and legally impossible under EU law. Mélenchon has proposed cancelling…...
US wholesale inventories surge in July
2+ day, 15+ hour ago (193+ words) WASHINGTON, Sept 10(Reuters) – U.S. wholesale inventories surged in July, the government confirmed on Thursday, potentially positioning inventories to contribute to economic growth in the third quarter. Stocks at wholesalers jumped by an unrevised 1.3%, the Commerce Department’s Census Bureau said. Inventories,…...
Cutting Canada tariffs alone won’t flatten US aluminum premium, Alcoa says
2+ day, 13+ hour ago (330+ words) Sept 10 (Reuters) – The steep premium paid for aluminum in the U.S. will not drop significantly even if Washington halves the tariffs on metal from neighboring Canada, because imports from other countries will still be needed, Alcoa’s finance chief said on…...
ECB hikes rates as Iran war adds to inflation angst
2+ day, 18+ hour ago (668+ words) LONDON, Sept 10 (Reuters) – The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy costs from the Iran war. The…...
ECB raises interest rates to fight off inflation jump
2+ day, 18+ hour ago (417+ words) FRANKFURT, Sept 10 (Reuters) – The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy costs from the Iran war. Surging…...
Officials tout population growth, larger tax base, other benefits of data centers in North Dakota
2+ day, 19+ hour ago (569+ words) BISMARCK, N.D. (North Dakota Monitor) – Data centers grow communities’ property tax base, add more people to the local population and are an opportunity for North Dakota’s energy resources, according to a panel discussion Wednesday at the Lignite Energy Council’s annual conference....
AI boom poses new financial stability risks, BIS head says | The Mighty 790 KFGO | KFGO
3+ day, 1+ hour ago (463+ words) LONDON, Sept 10 (Reuters) – AI’s rapid rise is creating new financial stability risks, Bank for International Settlements head Pablo Hernandez de Cos said, with spending on related infrastructure already at a scale significant enough to influence global economic conditions. For central…...
Saudi says no danger after Khamis Mushait alert amid clashes with Houthis
3+ day, 1+ hour ago (166+ words) Sept 10 (Reuters) – Saudi civil defence authorities issued an all-clear on Thursday following an emergency alert declared in the southwestern province of Khamis Mushait for the fourth time in 24 hours, as clashes flared with Yemen’s Iran-backed Houthis. The danger had passed,…...
Bank of Korea to assess conditions to determine pace and timing of tightening, says board member
3+ day, 3+ hour ago (206+ words) SEOUL, Sept 10 (Reuters) – A board member of the Bank of Korea said on Thursday the central bank would assess external and internal policy conditions, including the impact of the previous two rate hikes, to determine the timing and pace of…...