06:50 AM EDT, 06/26/2024 (MT Newswires) -- With inflation plateauing (or expected to plateau) close to the ceiling of respective target ranges, Latin America's central banks are easing cautiously or opting for a pause, said Societe Generale. This isn't the end of the easing cycle wherever applicable in the region. Real rates remain high and the United States Federal Reserve's...

(Reuters) - Rivian Automotive ( RIVN ) surged 36% premarket on Wednesday after a $5 billion investment from Volkswagen offered the loss-making startup more firepower to scale production in a slowing electric-vehicle market. The investment will also bolster Rivian's depleting cash reserves, further its target of becoming profitable on a gross margin basis later this year and help it compete...

(Reuters) -Southwest Airlines ( LUV ) on Wednesday lowered its second-quarter forecast for revenue per available seat miles (RASM), a proxy for pricing power, citing uneven travel demand, sending its shares down 9% in premarket trading. The company said changing travel patterns meant it was unable to sell the amount of seats it wanted to. The carrier now expects current...

06:57 AM EDT, 06/26/2024 (MT Newswires) -- The Federal Aviation Administration said Wednesday that it is adopting a new airworthiness directive for certain Boeing ( BA ) 757-200 airplanes due to reports of cracking in the structure of the lavatory service panel. The regulator said it estimates that the directive would affect 13 airplanes. The stress concentrations in the lavatory...