Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Recent inflation data was 'bad news,' Fed's Goolsbee says
By Howard Schneider WASHINGTON, May 2 (Reuters) - Inflation data last week was "bad news" for the U.S. Federal Reserve and means the Fed needs to be cautious about rate cuts until inflation begins to ...
May 02, 2026
Americans on a budget mourn loss of low-cost Spirit Airlines
By Laila Kearney NEW YORK, May 2 (Reuters) - U.S. travelers lamented news of the shutdown of Spirit Airlines on Saturday, saying that the closure of the ultra-low-cost carrier eliminates one of the fe...
May 02, 2026
Berkshire CEO Abel says 'we're back to first base' in wildfire litigation
By Jonathan Stempel OMAHA, Nebraska, May 2 (Reuters) - Berkshire Hathaway CEO Greg Abel on Saturday welcomed a recent court decision that could limit liabilities at its PacifiCorp utility business as ...
May 02, 2026
Airlines scramble to help stranded Spirit passengers after budget carrier collapses
By David Shepardson and Laila Kearney May 2 (Reuters) - Major airlines and the U.S. government scrambled to help stranded passengers and employees after bankrupt discount carrier Spirit Airlines cease...
May 02, 2026
After Spirit collapse, Duffy says no need for US budget airline bailout
By David Shepardson WASHINGTON, May 2 (Reuters) - U.S. Transportation Secretary Sean Duffy said on Saturday he does not think the government needs to bail out low-cost airlines that have sought $2.5 b...
May 02, 2026
China's Commerce Ministry blocks US sanctions against five refineries
SHANGHAI, May 2 (Reuters) - China's Ministry of Commerce said on Saturday it had issued an injunction to block U.S. sanctions imposed on five Chinese refiners accused of buying Iranian oil, according ...
May 02, 2026
Berkshire Hathaway profit rises despite consumer stress, cash sets record
By Jonathan Stempel OMAHA, Nebraska, May 2 (Reuters) - Berkshire Hathaway on Saturday reported a higher first-quarter operating profit even as economic uncertainty weighed on several of its consumer-o...
May 02, 2026
CEO Greg Abel moves to assure Berkshire shareholders in a post-Buffett world, with record cash
By Jonathan Stempel, Suzanne McGee and Tatiana Bautzer OMAHA, Nebraska/NEW YORK, May 2 (Reuters) - Greg Abel moved to assure Berkshire Hathaway shareholders that he will invest wisely and manage the c...
May 02, 2026
Meta faces New Mexico trial that could force changes to Facebook, other platforms
(This May 2 story has been repeated with no changes to the text) By Diana Novak Jones May 2 (Reuters) - A trial beginning in New Mexico on Monday could prompt a judge to order sweeping changes to how ...
May 02, 2026
Trump auto tariff hike could cost Germany nearly $18 billion in output, institute says
(Corrects title in paragraph 8 (adviser to finance minister not economy) BERLIN, May 2 (Reuters) - The tariff hike on cars and trucks from the European Union announced by U.S. President Donald Trump c...
May 02, 2026
