By Hernan Nessi and Jorge Otaola BUENOS AIRES (Reuters) -Argentina’s annual inflation hit its highest rate in more than 30 years last month as prices almost doubled versus a year ago, official data released on Thursday showed, further eroding consumers’ dwindling purchasing power. In December, consumer prices jumped 5.1% month-on-month, according to national statistics agency …

Argentina’s inflation rate at 95%, highest since 1991 Read More »

By Jonathan Stempel (Reuters) -Shareholders filed a lawsuit against Southwest Airlines Co on Thursday, accusing the carrier of fraudulently concealing problems that led last month to an operational meltdown and more than 15,000 flight cancellations. According to the proposed class action filed in federal court in Houston, Southwest publicly downplayed or failed to disclose serious …

Shareholders sue Southwest Airlines over flight meltdown Read More »

(Reuters) – Apple Inc Chief Executive Tim Cook’s pay package for the fiscal 2023 year is expected to be smaller than last year and depend more on how well the iPhone maker’s shares perform relative to market peers, regulatory filings showed. Cook’s compensation for the fiscal 2022 year ended September was $99.4 million, slightly higher …

Apple CEO Cook’s pay more dependent on stock performance in 2023 Read More »

WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that there is mounting evidence that the United States can avoid recession this year and achieve a “soft landing” for its economy. Georgieva told reporters that U.S. labor markets remain resilient and consumer demand remains strong despite increases in interest rates to …

IMF’s Georgieva says U.S. may be able to avoid recession in 2023 Read More »

By Nate Raymond (Reuters) – A U.S. government panel tasked with crafting federal sentencing policy on Thursday proposed curtailing the ability of judges to impose longer sentences on criminal defendants based on conduct for which they were acquitted at trial, a practice that the U.S. Supreme Court is considering addressing. The bipartisan U.S. Sentencing Commission …

U.S. panel proposes limiting sentencing of defendants for acquitted conduct Read More »

By Brendan Pierson (Reuters) -California is suing the United States’ leading insulin makers and pharmacy benefit managers, accusing them of using their market power to overcharge patients for the life-saving drug, the state’s attorney general announced on Thursday. The lawsuit, filed in California Superior Court in Los Angeles, targets Eli Lilly and Co, Novo Nordisk …

California lawsuit accuses drugmakers of insulin overcharging Read More »

By Andrew Goudsward and Sarah N. Lynch WASHINGTON (Reuters) – U.S. prosecutors on Thursday accused leaders of the far-right Proud Boys group of plotting an assault on American democracy as one of the most high-profile trials to stem from the Jan. 6, 2021 Capitol attack got underway. In an opening argument, federal prosecutor Jason McCullough …

Proud Boys ‘took aim’ at U.S. democracy, prosecutor tells Jan. 6 trial Read More »