Department Financial News

The Washington Post plans to cut 240 jobs through the offering of voluntary buyouts in the coming weeks

Plans by the Port of South Louisiana to purchase what was once a major shipyard for construction of military vessels have been delayed

Highly pathogenic bird flu has made its first appearances in U.S. commercial poultry flocks this season, affecting one turkey farm in South Dakota and one in Utah

A massive fire has torn through a newly built parking garage at one of London’s international airports

By Dietrich Knauth

Sergio Brown, a former NFL player who was reported missing last month following the tragic death of his mother due to blunt force trauma, is now in police custody in Southern California, officials were quoted as saying by USA Today. Brown was apprehended upon re-entering the United States from Mexico through San Diego, as confirmed by the Maywood Police Department, the same agency that had reported him as a missing person earlier. With the assistance of various local and federal law enforcement authorities, the San Diego Police Department took Brown into custody after a first-degree murder warrant had been issued in connection with the death of his 73-year-old mother, Myrtle Brown, USA Today reported. Last month, Police in suburban Chicago came across Instagram videos that appeared to show missing former NFL player Sergio Brown discussing the recent death of his mother, who died following an assault. In the video posted to an Instagram page that appears to belong to Sergio Brown, a man resembling Brown calls reports about the death of his 73-year-old mother, Myrtle Brown, “fake news.” “Fake news, fake news, fake news. It has to be the FBI,” the man says in the rambling, expletive-filled video, in which he says he thought his mother “was on vacation” in the Mexican state of Sinaloa. In another video posted to his Instagram story Tuesday, the man references the film «Finding Nemo», repeating the movie’s famous line, «Just keep swimming, just keep swimming,» the Chicago Tribune reported. Myrtle Brown's body was found in September near a creek behind her home in Maywood, about 12 miles (19 kilometers) west of Chicago.

The forces underlying the Treasury debt market are extremely adverse as the US is on an unsustainable fiscal path, a senior International Monetary Fund official said.

Foreign Affairs Minister Melanie Joly says flights will begin to help Canadians depart Tel Aviv, Israel, by the end of the week with the help of the Canadian Armed Forces (CAF).

JSW Steel on Wednesday said it has emerged as the preferred bidder for the Jaisinghpura North Block iron ore mine in Karnataka. JSW Steel has received a communication from the Karnataka government in this regard, the company informed the exchanges.

relief package for the rain and landslide-affected families. The package was announced by Chief Minister Sukhvinder Singh Sukhu on September 30. This special package has been granted for the period June 24-September 30 when the state was ravaged by rain and landslides.

Jammu and Kashmir-based business group engaged in various sectors, such as cement, steel, glass, plywood, tourism and healthcare, among others. The Central Board of Direct Taxes (CBDT) issued a statement on Wednesday, saying it covered 40 premises in the Srinagar, Sopore, Budgam, Sonmarg and Pulwama areas of the Kashmir valley, apart from Delhi, after the raids were launched on Monday. Incriminating documents, hand-written diaries and digital devices were seized during the searches, it said.

advanced chips to China has been revised and is under final review, according to a government posting, suggesting that further curbs on chips that can be used for artificial intelligence are coming soon. Reuters exclusively reported last week that U.S. officials had warned China to expect rules restricting shipments of semiconductor equipment and advanced AI chips to China to be updated this month.

BJP and the Congress in Madhya Pradesh traded barbs on Wednesday after the governing party said that its rival was responsible for India's partition and it was now trying to create a divide among Hindus by raising the issue of caste survey. In its counter, the Congress sought to know if the BJP considers OBCs (Other Backward Classes) as Hindus. The Congress has welcomed the Bihar government's exercise to collect data on castes in the state and urged the Centre to carry out a similar exercise at the national level.

“This is going to be a game-changer policy for the entire startup ecosystem,” IT/BT Minister Priyank Kharge said, inaugurating an event to plan strategies to take Karnataka towards building a $ 1 trillion economy.

Labour Department reported on Wednesday that its producer price index — which measures inflation before it hits consumers — climbed 2.2 per cent from a year earlier. That was up from a 2 per cent uptick in August. On a month-to-month basis, producer prices rose 0.5 per cent from August to September, down from 0.7 per cent from July to August.

Income Tax sleuths on Wednesday raided premises linked to Rashtriya Janata Dal (RJD) Rajya Sabha MP Ahmad Ashfaque Karim at multiple locations in Bihar on Wednesday. The MP is the main trustee and the founder chancellor of Katihar-based Al Karim University, Bihar. Officials were tightlipped about the raids.

Key Takeaways

By Anirban Sen and David French

 Federal Reserve Bank of Chicago President Austan Goolsbee provides insight on the state of the U.S. economy on 'Making Money.'

WASHINGTON (Reuters) — U.S. producer prices increased more than expected in September amid higher costs for energy products, but underlying inflation pressures at the factory gate continued to moderate.

(Reuters) — U.S. stock index futures briefly pared gains on Wednesday after data showed a stronger-than-expected rise in September producer prices, bolstering the case for the Federal Reserve to keep its interest rates elevated for longer.