The United States is merrily chipping away at the pillars that hold up the dollar as the world’s reserve currency, with the latest blows coming from some powerful Americans questioning the rule of law following the conviction of Donald Trump.
Southwest Airlines’ shares rose about 7% in premarket trade on Monday after the Wall Street Journal reported that activist investor Elliott Investment Management had built a nearly $2 billion stake in the U.S. carrier.
Russian tourist Serguei Boyaryshnic wandered in awe among the pastel-colored buildings and cobblestone streets of Old Havana on a weekday morning, his family in tow.
With major Tesla shareholders appearing divided over whether to endorse Elon Musk’s $56 billion pay package, the company also is looking for support from retail investors who make up an unusually high percentage of the electric carmaker’s ownership base.
Morocco’s Tanger Med port expects to top its nominal processing capacity of nine million containers this year, the port’s deputy managing director told Reuters, adding security problems in the Red Sea had had little impact on traffic growth.
U.S. stock index futures edged lower on Monday as investors moved to the sidelines ahead of key inflation data and a Federal Reserve meeting scheduled for this week, awaiting clues on the central bank’s policy-easing stance this year.
Boeing’s Starliner spacecraft scored a crucial achievement last week with the delivery of two astronauts to the International Space Station, but problems encountered along its journey in space and more hurdles that lie ahead make the aerospace giant’s goal toward routine missions a distant prospect.
Apple is expected to showcase how it is integrating artificial intelligence across its software suite, including a revamped Siri voice assistant and a possible tie-up with ChatGPT owner OpenAI, at its annual developer conference on Monday.
The latest U.S. payrolls report did little to settle the debate about where the job market is headed, with ample fodder for both “soft-landing” believers and doubters over whether the Federal Reserve can tame inflation without sending millions of workers onto the jobless rolls.
