By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department imposed a $2 million penalty on JetBlue Airways for operating four chronically delayed flights on domestic routes – the first time it has imposed such a fine on an airline for the prohibited scheduling practice. USDOT said on Friday that as part of a consent agreement […]
US jobs report poses first big stocks test of 2025
By Lewis Krauskopf NEW YORK (Reuters) – The stock market faces its first major test of the year in the coming week, with investors counting on the U.S. jobs report to show a stable but not overheated economy that underpins expectations for equity gains in 2025. Stocks wobbled at the end of December and the […]
PayPal accused of racial bias against Asian Americans in funding program
By Jonathan Stempel NEW YORK (Reuters) – PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to Black and Hispanic applicants, costing her millions of dollars. Thursday’s complaint by Nisha Desai and her New York-based venture capital […]
SpaceX’s Starship to deploy mock satellites in next test
By Joey Roulette WASHINGTON (Reuters) -Elon Musk’s SpaceX said on Friday its upcoming Starship test flight would include the rocket’s first attempt to deploy payloads in space by releasing 10 model Starlink satellites, a key demonstration for Starship’s potential in the satellite launch market. “While in space, Starship will deploy 10 Starlink simulators, similar in […]
European drinks group skid after US surgeon general calls for cancer warnings
(Reuters) – Shares in European spirits makers and brewers fell on Friday after the U.S. surgeon general called for cancer warnings on alcoholic drinks. Alcoholic drinks should carry a label warning consumers about their cancer risks, U.S. Surgeon General Vivek Murthy said in an advisory, noting that their consumption increases the risk of developing breast, […]