By Michael S. Derby NEW YORK (Reuters) – Just over half of the 50 U.S. states are exhibiting signs of slowing economic activity, breaching a key threshold that often signals a recession is in th[...]
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Indian rupee ends down more than 10% in 2022, worst since 2013
(Corrects headline and first paragraph on quantum of rupee’s fall. Deletes graphic) By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee ended 2022 as one of the worst-performing Asian c[...]
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Southwest Airlines operations back to normal after being crippled by storm
WASHINGTON (Reuters) – Southwest Airlines was up and running on a normal schedule on Friday after a massive winter storm crippled operations this week and exposed problems at the low-cost carrie[...]
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Southwest promises refunds as airline sees ‘certain’ financial impact
By Doina Chiacu and David Shepardson WASHINGTON (Reuters) -Southwest Airlines promised to reimburse passengers for expenses such as hotels and car rentals in addition to refunding tickets after it can[...]
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UK house prices end 2022 on a weaker note after pandemic boom
By Muvija M LONDON (Reuters) -British annual house price growth marked a further “sharp” slowdown in December, mortgage lender Nationwide said, ending the year on a downbeat note as the im[...]
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Congressional report: U.S. FDA broke own protocols in approving Biogen Alzheimer’s drug
By Ahmed Aboulenein WASHINGTON (Reuters) – The U.S. Food and Drug Administration failed to adhere to its own guidance and internal practices during the approval process for Biogen’s Alzhei[...]
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Biden signs $1.66 trillion FY 2023 government funding bill
CHRISTIANSTED, St. Croix (Reuters) -President Joe Biden on Thursday signed a $1.66 trillion bill funding the U.S. government for fiscal year 2023, the White House said in a statement. Biden signed the[...]
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U.S. Treasury says consumer leases can qualify for EV tax credits
By David Shepardson (Reuters) -The U.S. Treasury Department said on Thursday that electric vehicles leased by consumers can qualify starting Jan. 1 for up to $7,500 in commercial clean vehicle tax cre[...]
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Wall Street surges in dip-buying rally, oil falls
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed sharply higher on Thursday, powered by a rebound in recently battered mega-cap growth stocks, while crude oil prices declined as a surge o[...]
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