CHICO, Texas—A train collision and subsequent derailment injured two rail employees in Texas, according to a company official. A Union Pacific freight train collided with an unoccupied train that was parked on a siding around 7 p.m. Sunday in Chico, Texas, Union Pacific spokesperson Kristen South said in an email to The Associated Press. A…
Texas Freight Train Collision Injures 2, No Hazmat Onboard
April 17, 2023
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S&P 500 Opens Flat as Investors Focus on Earnings, Fed Cues
The benchmark S&P 500 index opened flat on Monday as investors awaited more bank earnings and views from Federal Reserve policymakers that could shape expectations around when the central bank would pause its monetary policy tightening. The Dow Jones Industrial Average rose 43.99 points, or 0.13 percent, at the open to 33,930.46. The S&P 500…
SpaceX Calls Off First Launch Attempt of Giant New Rocket
SOUTH PADRE ISLAND, Texas—SpaceX called off its first launch attempt of its giant rocket on Monday. Elon Musk and his company had planned to launch the nearly 400-foot Starship rocket from the southern tip of Texas, near the Mexican border. SpaceX postponed the launch because of a problem with the first-stage booster. No people or…
Global Shares Rise Despite Economic Growth, Rate Worries
April 17, 2023
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Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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TOKYO—Global markets rose moderately Monday, although worries continued about economic growth and inflationary pressures. France’s CAC 40 rose less than 0.1 percent in early trading to 7,522.58. Germany’s DAX gained 0.2 percent to 15,830.74. Britain’s FTSE 100 added 0.5 percent to 7,911.91. U.S. shares were set to drift higher with Dow futures up less than…
Philips Clarifies Respiratory Device Replacement Numbers After New FDA Rebuke
AMSTERDAM—Philips clarified that 2.2 million devices it has repaired or replaced in a major recall of respiratory devices are actually in the hands of patients in the United States. The Dutch healthcare equipment maker issued a statement on April 14 clarifying progress of the recall program underway since 2021 after the Food and Drug Administration…
JPMorgan Posts Record Revenue and 52 Percent Profit Jump
April 17, 2023
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Business & MarketsCompanieseconomyinflationInvestmentJPMorgan ChaseMarketsquarterly earningsstocksUS
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JPMorgan Chase posted record profits and an overall boost in revenue in the first quarter, in the face of recent turmoil in the banking sector last month. The better than expected April 14 earnings report beat most analysts’ estimates for the quarter, as depositors placed their money into the larger banks in the wake of the industry’s…
Saudi Prince Gives 4 Percent Aramco Stake to Public Investment Firm
April 16, 2023
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AramcoBusiness & MarketsCompanieseconomyenergyGold and CommoditiesInvestmentMarketsMiddle EastSaudiWorld
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DUBAI, United Arab Emirates—Saudi Arabia’s crown prince announced Sunday the transfer of a 4 percent stake of the oil giant Saudi Aramco to a subsidiary of the kingdom’s sovereign wealth fund, further boosting its coffers as the kingdom tries to expand its economy beyond oil. Crown Prince Mohammed bin Salman’s decision, announced by the state-run…
Australia’s National Broadcaster Receives ‘Government-Funded’ Label From Twitter
April 16, 2023
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AustraliaAustralian Broadcasting CorporationBusiness & MarketsCompaniesElon MuskMedia & Big TechSocial MediaTechTech NewsTwitterWorld
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Australia’s national broadcaster has received the “government-funded media” label from Elon Musk’s Twitter. The move follows a string of new designations for government-linked media outlets worldwide after the tech billionaire took over the ailing social media giant. The new category for the Australian Broadcasting Corporation (ABC) will be featured just under the name of the…
Consumers’ Research Launches ‘Woke Alert’ for Keeping Tab on Companies
Nonprofit Consumers’ Research has launched an initiative called “Woke Alert” that monitors and notifies people about progressive and “dangerous ideas” pushed forward by corporations. People can sign up for Woke Alert notifications through the Consumers’ Research website. Members will begin receiving alerts from the nonprofit about any company that pushes a leftist woke agenda as…
Boeing Halts Some MAX Deliveries, Airlines Fret Over Impact
Boeing Co. has halted deliveries of some 737 MAX jets due to quality-related problems in certain components made by one of its main suppliers. Boeing is under tough regulatory scrutiny following the deadly crashes of its MAX planes in 2018 and 2019 and the pause in deliveries may delay plans for production ramp-up as it…
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