The national airline of Moldova said the country has closed its airspace, a day after President Maia...
The national airline of Moldova said the country has closed its airspace, a day after President Maia Sandu accused Russia of plotting to overthrow the government.
"At this moment, the airspace of the Republic of Moldova is closed," Air Moldova said on its Facebook account. "We are waiting for the resumption of flights."
Eurocontrol, which manages European air space, said in an operational statement that Moldovan airspace is temporarily closed due to "security issues". The airspace closure is currently set to last until 9 a.m. Eastern Time.
Odds of additional Fed rate hikes in May, June rise after CPI report
Odds that the Federal Reserve will deliver additional 25 basis point interest-rate hikes in May and June...
Odds that the Federal Reserve will deliver additional 25 basis point interest-rate hikes in May and June have risen following the release of the January consumer-price index on Tuesday, according to the CME’s FedWatch tool. Fed funds futures, a derivative product that traders use to place bets on fluctuations in the Fed’s policy rate, were pricing in 74.3% odds of a hike in May, a marginal increase from 72% a day earlier, according to the CME tool. Investors have been pricing in higher odds of additional Fed hikes following surprisingly strong readings on the state of the U.S. labor market and services sector earlier this month. The data have helped convince investors that the Fed would hike rates above 5% and keep them there until at least 2024.
U.S. consumer prices rose 6.4 percent in the year through January, a slight slowdown that reflects stubborn price pressures.
Inflation cooled very slightly on an annual basis for a seventh straight month in January, narrowly continuing...
Inflation cooled very slightly on an annual basis for a seventh straight month in January, narrowly continuing a deceleration, according to Consumer Price Index data. But the details of the report offered reasons for concern.
Ford Is Investing $3.5 Billion in EV Battery Plant With Chinese Firm
Ford Motor Co. is investing $3.5 billion in an electric-vehicle battery plant in southwest Michigan that...
Ford Motor Co. is investing $3.5 billion in an electric-vehicle battery plant in southwest Michigan that it will operate with technology and support from a Chinese battery maker that has stirred political controversy.
The factory near Marshall, Michigan, will employ 2,500 workers, Ford said Monday, confirming a Feb. 10 Bloomberg report. The facility is set to open in 2026 and will produce enough batteries to power 400,000 EVs a year.
Natural gas prices fall to 25-month low as key Texas LNG facility looks to restart exports
Natural gas prices were lower on Monday amid forecasts for mild winter weather and a report that a Freeport...
Natural gas prices were lower on Monday amid forecasts for mild winter weather and a report that a Freeport LNG export hub in Texas asked federal regulators for permission to resume operations.
Prices dropped as much as 5% then pared losses to trade down 3.3% at $2.43 per million British thermal units, nearing the lowest level since December 2020.
The Freeport facility, the second-biggest US LNG export plant, isn't expected to fully resume operations for months, according to regulators and analysts cited by Reuters. And the Monday filing with the US Federal Energy Regulatory Commission only laid out a so-called Phase 1 for a plan to resume commercial activities.
