Top News – TraderMantras

Arctic blast, blizzards disrupt U.S. travel ahead of holidays

A driver makes their way through a flooded street at high tide during a winter storm in Gloucester

By Rich McKay and Gabriella Borter (Reuters) -Arctic cold extended its grip over much of the United States on Friday, combining with snow, ice and howling winds from a deadly winter storm roaring out of the Midwest to disrupt energy supplies and thwart travel for millions of Americans ahead of the holiday weekend. The extreme… Continue reading Arctic blast, blizzards disrupt U.S. travel ahead of holidays

U.S. to allow baby formula imports amid nationwide shortage

FILE PHOTO: Empty shelves show a shortage of baby formula in San Antonio

By Ahmed Aboulenein and Eric Beech WASHINGTON (Reuters) -The United States will allow baby formula imports from foreign makers that do not usually sell their products here, the Food and Drug Administration said on Monday, as it tries to ease a nationwide shortage that has left parents scrambling to feed their babies. The temporary move… Continue reading U.S. to allow baby formula imports amid nationwide shortage

Wall Street rallies, weekly losing streak continues

FILE PHOTO: A Wall Street sign outside the New York Stock Exchange

By Stephen Culp NEW YORK (Reuters) – Wall Street surged on Friday to end higher, closing the book on a week of wild market gyrations as relief at signs of peaking inflation vied with fears that policy tightening by the Federal Reserve could tilt the economy into recession. Gains were led by a rebound in… Continue reading Wall Street rallies, weekly losing streak continues

Accused NY subway shooter pleads not guilty to terrorism, weapons charges

By Luc Cohen and Brendan Pierson NEW YORK (Reuters) -A man charged with last month’s mass shooting in a New York subway, one of the most violent attacks in the history of the city’s transit system, pleaded not guilty to terrorism and weapons charges in Brooklyn federal court on Friday. Frank James, 62, is accused… Continue reading Accused NY subway shooter pleads not guilty to terrorism, weapons charges

Abbott says shipped millions of cans of infant formula from Ireland

FILE PHOTO: Abbott Laboratories logo is displayed on a screen at the NYSE in New York

(Reuters) -Abbott Laboratories said on Friday it has air shipped millions of cans of infant formula powder into the United States from its facility in Ireland to address shortages here as it tries to reopen its Michigan manufacturing plant. The company said in a blog https://www.abbott.com/corpnewsroom/nutrition-health-and-wellness/abbott-update-on-powder-formula-recall.html it was shipping infant formula produced at its Cootehill,… Continue reading Abbott says shipped millions of cans of infant formula from Ireland