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Airlines brace for third day of flight delays as shutdown persists

By David Shepardson BALTIMORE (Reuters) -Major U.S. airlines are bracing for a third straight day of delays on Wednesday as the U.S. Federal Aviation Administration faces higher-than-normal staffing issues for air traffic controllers as the stalemate over funding the government continues. There were nearly 10,000 flight ...
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Fire at aluminum plant to hit Ford’s bottom line by up to $1 billion, analyst says

By Nora Eckert DETROIT (Reuters) -A fire at a New York aluminum plant that is expected to affect production of Ford Motor’s F-150 truck for months will sap up to $1 billion from the automaker’s earnings, according to a Wednesday note from Evercore ISI analysts.  The ...
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IMF chief says global economy doing ‘better than feared,’ risks remain

WASHINGTON (Reuters) -The world economy has proven more resilient than expected despite acute strains from multiple shocks, the head of the International Monetary Fund said on Wednesday, forecasting only a slight slowing of global growth this year and in 2026. IMF Managing Director Kristalina Georgieva ...
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India’s prime minister opens a new Mumbai airport built by Adani Group for $2.2 billion

NEW DELHI (AP) — India’s Prime Minister Narendra Modi on Wednesday inaugurated a new international airport in the financial capital Mumbai, marking a step forward in expansion of the country’s fast-growing aviation network. Built by business conglomerate Adani Group at an estimated cost of $2.2 ...
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Germany revises 2025 growth forecast to 0.2%, rising to 1.3% next year

BERLIN (AP) — Germany’s new government said Wednesday it expects Europe’s biggest economy to see minimal growth of 0.2% this year, with a forecast for 1.3% growth next year and 1.4% in 2027. The outlook for 2025 is slightly higher than the previous government’s forecast ...
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Verizon teams with AST SpaceMobile on space-based cellular service

Verizon has signed a deal to provide cellular service from space through AST SpaceMobile beginning next year. Shares of AST SpaceMobile, a space-based cellular broadband network, soared more than 10% before the market opened Wednesday. SpaceMobile’s network is designed to operate across premium low-band spectrum, its ...
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IMF chief warns of economic uncertainty and offers this advice: ‘Buckle up’

WASHINGTON (AP) — The global economy is holding up better than expected despite major shocks such as President Donald Trump’s tariffs, but the head of the International Monetary Fund says that resilience may not last. “Buckle up,” Managing Director Kristalina Georgieva says in prepared remarks ...
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Jefferies discloses $715 million fund exposure to First Brands bankruptcy

(Reuters) -Investment bank Jefferies disclosed on Wednesday that its Leucadia Asset Management fund holds about $715 million in receivables linked to bankrupt auto-parts maker First Brands Group. First Brands filed for bankruptcy protection late last month, listing more than $10 billion in liabilities, marking the ...
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HSBC raises 2025 average silver price forecast to $38.56 per ounce

(Reuters) -HSBC on Wednesday raised its average silver price forecasts for 2025 to $38.56 per ounce from $35.14 citing expectations for high gold prices, renewed investor demand, and anticipated volatile trading. The bank also raised its forecast for 2026 to $44.50 from $33.96 earlier and ...
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Gold zooms past $4,000 for first time in historic flight to safety

By Anmol Choubey (Reuters) -Gold raced past $4,000 an ounce for the first time on Wednesday as investors piled into a record-breaking rally in the safe-haven asset to hedge against global economic uncertainty, while also betting on U.S. interest rate cuts. Spot gold was up ...
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UBS examines hit to funds from $500 million First Brands exposure

ZURICH (Reuters) -UBS said on Wednesday it was examining the impact of the bankruptcy of First Brands on several of its investment funds, with the Swiss bank exposed to the tune of more than $500 million to the collapsed U.S. auto parts supplier. Switzerland’s biggest ...
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Cisco rolls out chip designed to connect AI data centers over vast distances 

By Stephen Nellis SAN FRANCISCO (Reuters) -Cisco Systems launched on Wednesday a new networking chip designed to connect artificial intelligence data centers, with the cloud computing units of Microsoft and Alibaba enrolling as the chip’s customers. The P200 chip, as Cisco calls it, will compete against ...
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