News
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Citgo Petroleum registered $82 million loss amid weak margins in Q1
HOUSTON, May 8 (Reuters) - Venezuela-owned refiner Citgo Petroleum registered an $82 million net loss in the first quarter, compared to a net income of $410 million in the same period last year, amid weak refining margins, the company said on Thursday in a release.Reuters
Thu, May 8
Paramount beats quarterly revenue on direct-to-consumer growth
May 8 (Reuters) - Paramount Global PARA.O beat Wall Street estimates for first-quarter revenue on Thursday, driven by a growth in its direct-to-consumer and filmed entertainment businesses.The company's direct-to-consumer business, which includes streaming platforms Paramount+, BET and PlutoTV, ...Reuters
Thu, May 8
Lyft boosts stock buyback program, targets smaller markets amid slowing growth
Buyback follows Engine Capital's proposal for strategic alternativesLyft's Q1 revenue slightly misses expectationsCompany targets smaller, car-dependent cities for growth May 8 (Reuters) - Lyft LYFT.O increased its stock buyback program to $750 million and posted a 14% rise in first-quart...Reuters
Thu, May 8
EXCLUSIVE-US military to start kicking out transgender troops next month, memo says
By Phil Stewart and Idrees AliWASHINGTON, May 8 (Reuters) - U.S. Defense Secretary Pete Hegseth has issued internal instructions to the Pentagon to start kicking out transgender troops who do not elect to leave on their own by June 6, according to a memo obtained by Reuters.The Pentagon did not imme...Reuters
Thu, May 8
Vance says Fed's Powell has been wrong about almost everything -Fox News
May 8 (Reuters) - U.S. Vice President JD Vance told Fox News' 'The Story' with Martha MacCallum on Thursday that Federal Reserve Chairman Jerome Powell has "been wrong about almost everything.""He was way too late in combating the Biden inflation, and now I think he's way...Reuters
Thu, May 8
Merz, Trump agree on need to resolve trade disputes, Germany says
BERLIN, May 8 (Reuters) - Germany's new chancellor, Friedrich Merz, and U.S. President Donald Trump agreed on the need to quickly resolve trade disputes in a phone call on Thursday evening, a German government spokesperson said.The two leaders also agreed on the need to closely cooperate with th...Reuters
Thu, May 8
Southwest lawyers don't need 'religious liberty training,' US appeals court says
By Daniel Wiessner May 8 (Reuters) - A U.S. appeals court on Thursday said a federal judge in Texas lacked the power to order in-house lawyers at Southwest Airlines to attend "religious liberty training" after a flight attendant won a religious discrimination lawsuit.A unanimous three-jud...Reuters
Thu, May 8
US says it opened foreign funding probe into University of Pennsylvania
WASHINGTON, May 8 (Reuters) - The U.S. Department of Education said on Thursday it opened a foreign funding investigation into the University of Pennsylvania, alleging the school made inaccurate and untimely foreign financial disclosures in the past.Reuters
Thu, May 8
US weighs plan to lower China tariffs to as low as 50%, New York Post reports
WASHINGTON, May 8 (Reuters) - The Trump administration is weighing a plan to slash the 145% tariff on Chinese imports by more than half as soon as next week, the New York Post reported on Thursday, citing unidentified sources.The White House dismissed the report as speculation. “When decisions on ta...Reuters
Thu, May 8
Health Rounds: Ultrasound triggers experimental 3D drug-delivery implants
By Nancy LapidMay 8 (Reuters) - Hello Health Rounds Readers! Today we highlight another potential medical use and advancement for 3D printing technology. We also report on a study that suggests dangers of healthcare workers washing their work clothes at home. Ultrasound waves trigger 3D printing of...Reuters
Thu, May 8
Olympics-LA Games give city an opportunity to improve, Mayor Bass says
By Rory Carroll LOS ANGELES, May 8 (Reuters) - Los Angeles will be ready to welcome the world when it hosts the Olympics in 2028 and will use the time leading up to the opening ceremony to improve the city, LA Mayor Karen Bass said on Thursday. Games organizers LA28 revealed earlier in the day th...Reuters
Thu, May 8
In his first appearance, Pope Leo offers three big clues about his papacy
Cardinal Robert Prevost, now Pope Leo XIV, is first US popeIn first moments, new pope offers hints about his papacyLast Pope Leo, 1878-1903, was an advocate for worker's rightsBy Joshua McElwee VATICAN CITY, May 8 (Reuters) - From his first moments on the balcony of St. Peter's Basilica, ...Reuters
Thu, May 8
AI execs say US must increase exports, improve infrastructure to beat China
US Senate hearing focuses on AI infrastructure and export policiesExecutives urge investment in AI infrastructure and educationChina's DeepSeek challenges US AI dominance with affordable modelBy Alexandra Alper, Jody Godoy WASHINGTON, May 8 (Reuters) - Top executives at American AI giants Ope...Reuters
Thu, May 8
Zelenskiy is speaking to Trump, Ukrainian leader's press secretary says
May 8 (Reuters) - Ukrainian President Volodymyr Zelenskiy was speaking to U.S. President Donald Trump by telephone on Thursday evening, the Ukrainian leader's spokesperson, Serhiy Nikiforov, told reporters.Nikiforov provided no further details of the conversation.Reuters
Thu, May 8
US court shuts down AstraZeneca's challenge to Medicare drug price plan
By Diana Novak Jones May 8 (Reuters) - A federal appeals court on Thursday shut down AstraZeneca’s challenge to the U.S. government’s program that gives the Medicare health insurance plan the power to negotiate lower drug prices.The 3rd U.S. Circuit Court of Appeals upheld a lower court’s ruling ...Reuters
Thu, May 8
FBI probes New York AG James over mortgage fraud allegations, media reports
May 8 (Reuters) - The FBI has opened a criminal investigation into mortgage fraud allegations against New York Attorney General Letitia James, who President Donald Trump has publicly targeted because she pursued legal action against him, several U.S. media outlets reported on Thursday. James has joi...Reuters
Thu, May 8
ANALYSIS-Global militaries to study India-Pakistan fighter jet battle
Pakistani jets shoot down Indian aircraft, US officials sayFight pits Chinese jets, missiles against European weaponsGlobal militaries analyzing tactics, kit for future conflictsAnalysts caution that details are still to emergeBy Tim Hepher, Mike Stone May 8 (Reuters) - A dogfight between Chinese...Reuters
Thu, May 8
Britain's IAG to order around 30 Airbus jets, sources say
LONDON/PARIS, May 8 (Reuters) - British Airways owner IAG ICAG.L plans to place an order for around 30 long-haul jets from Airbus AIR.PA as part of a wide-body order split between the European planemaker and its U.S. rival Boeing BA.N, industry sources said on Thursday.The order, which includes A33...Reuters
Thu, May 8
EXCLUSIVE-US Democratic lawmaker asks Pentagon watchdog to probe if deportation flight broke law
March 30 deportation flight to El Salvador had no DHS personnelTrump has increasingly turned to military for deportationSenator asks whether flight complied with federal lawBy Phil Stewart and Idrees Ali WASHINGTON, May 8 (Reuters) - A top Democratic lawmaker has asked the Pentagon's Inspecto...Reuters
Thu, May 8
