Author: News Room

By David Ljunggren, Michel Rose, Allison Lampert and Tim Hepher OTTAWA/PARIS (Reuters) – French President Emmanuel Macron personally intervened to persuade Canadian Prime Minister Justin Trudeau to give Airbus and other aerospace firms relief from sanctions on Russian titanium, according to three people familiar with the matter. The sensitive request was made during a phone call between the two leaders in March, weeks after Canada broke ranks with allies and slapped sanctions on the strategic metal, alarming France-based Airbus and others that still rely on Russian supplies in plants located in Canada or elsewhere. A source close to the French…

Many Americans would love to buy a home, but they don’t have tens of thousands of dollars to cover a down payment. That massive roadblock is being removed by a new zero-percent down mortgage program launched two weeks ago by one of the nation’s largest mortgage lenders. However, the new program, offered by United Wholesale Mortgage, is making some experts nervous about how these loans could backfire on homeowners — especially if home prices stop going to the moon. And for some, it’s bringing back bad memories of the subprime mortgage meltdown that fueled the 2008 financial crisis. UWM, led by Mat Ishbia, the billionaire…

The US Dollar trades substantially stronger against most major G20 peers. Markets are stuck in a risk-off mood, with equities deep in red during the Asia-Pacific session. The US Dollar retreats slightly after rallying above 105.00. The US Dollar (USD) eases slightly on Thursday after the strong rally seen on Wednesday, which led the DXY US Dollar Index to break above the 105.00 mark. The Greenback is strengthening as a well-known quote from Friends sitcom must come to mind to traders that are assessing the current market movements: “Well Judy you did it, she’s finally full!”. The bond markets are…

TRON slumps, although a comeback is on the horizon. FLOKI, one of the top memecoins, resumes its upward charge, aiming for a new price discovery. Rebel Satoshi Arcade, an up-and-coming utility-backed memecoin, is tipped for a jaw-dropping 7,000% jump after its market debut. These are exciting times in the crypto market, with prices approaching their annual peaks and others registering new all-time highs (ATH). Riding the market’s bullish wave is FLOKI (FLOKI), one of the best altcoins and memecoins. However, TRON (TRX) continues its freefall, yet to reflect broader bullish sentiments. Meanwhile, investors can’t seem to get enough of this…

Foot Locker’s turnaround is starting to bear some fruit. The sneaker giant saw comparable sales decline 1.8% during its fiscal first quarter, far better than the 3.1% drop off that analysts had expected, according to StreetAccount. It also reaffirmed its fiscal year guidance, which projects sales to be in a range of a 1% decline to a 1% gain, compared to a decline of 0.6% that analysts had forecast, according to LSEG. Here’s how the company did compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:Earnings per share: 22 cents adjusted vs. 12 cents expected Revenue: $1.88 billion…

After dozens of Palestinian civilians were killed following an Israeli airstrike in Rafah this week, the White House made clear: The incident did not cross the red line President Joe Biden has drawn when it comes to providing certain American weapons to Israel. Where, exactly, that line rests remains somewhat elusive since Biden first confirmed to an interviewer in March that such a threshold exists. Biden’s aides, acutely aware of previous presidents who drew red lines only to back away from any promised action when they were crossed, once dismissed talk about “red lines” as a media obsession. “The whole…

Boeing Boeing is reported to have found a fix for one of the two de-icing issues that have delayed type certification of its 737 MAX 7 and 737 MAX 10 planes. Boeing had initially applied then dropped its request to the FAA for an exemption for a design flaw which makes the MAX’s carbon composite engine inlet susceptible to overheating if the de-icing system remains on in non-icy conditions. This issue could lead to the inlet breaking up and debris impacting the fuselage in-flight. A new report by The Air Current suggests Boeing has selected a design to address the…

A new report from the New School’s Schwartz Center for Economic Policy Analysis looks at how student loan debt is weighing down workers gearing up for retirement, and how that debt has diminishing returns for any would-be-retirees.Using data from the Fed’s Survey of Consumer Finances, the analysis finds that over a million Americans ages 55 to 64 are holding student loans, or have spouses with loans. Gen Xers and boomers are also set to be saddled with that debt for years to come.And the burden of that debt falls disproportionately on the lowest earners. Looking at debtors over the age…

A Spirit Airlines flight reportedly descended into chaos after passengers were told to wear life jackets and prepare for an emergency water landing.Flight 270 from Montego Bay, Jamaica to Florida was forced to return to the airport shortly after takeoff due to a suspected mechanical issue on Sunday, according to the airline.Passenger Bettina Rogers told CNN the pilot had initially told passengers there was nothing to worry about when a beeping sound went off in the aircraft, before informing them the plane was returning to the airport.She said that as the plane turned back, passengers were told to “prepare for…

By Andrea Shalal and Eric Cox RACINE, Wisconsin (Reuters) – Andrea Dyess, 57, was already a Joe Biden fan, but after meeting him in her neighborhood of Racine, Wisconsin, in May, she has been talking to anyone who will listen about giving him four more years in the White House. Dyess was on a street corner with her two young grandchildren trying to catch a glimpse of Biden’s motorcade, when a campaign worker invited her to join the president at a nearby community center. Biden listened attentively as she told him about surviving cancer and how the Affordable Care Act,…