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May 8 (Reuters) – The U.S. Postal Service on Friday reported a net quarterly loss of $1.95 billion as it faces a growing financial crisis and has warned it could run out of cash as soon as February. USPS said mail volumes continue to decline. USPS last month said it would temporarily suspend employer payments for a ​federal pension program to conserve cash and plans to raise the price of […]

Seasonal models are predicting an El Nino climate pattern that could be the strongest on record, bringing with it more extreme weather. “I think we’re going to see weather events that we’ve never seen in modern history before,” WFLA-TV Chief Meteorologist and Climate Specialist Jeff Berardelli, in Tampa, Florida, said Friday. An El Nino event is expected to develop from the middle of this year, impacting global temperature and rainfall […]

GABORONE, Botswana (AP) — Festus Mogae, Botswana’s former president who made a national priority of the fight against HIV and AIDS during his tenure from 1998 to 2008, has died at the age of 86, the government said Friday. No cause of death was given. Botswana President Duma Boko said that under Mogae’s leadership, the country earned international respect for principled, sound economic management and a commitment to democracy. He […]

MADISON, Wis. (AP) — President Donald Trump’s administration is quietly pushing national park, refuge and wilderness area managers to dramatically scale back hunting restrictions, raising questions about visitor safety and the impact on wildlife. U.S. Department of the Interior Secretary Doug Burgum issued an order in January directing multiple agencies to remove what he termed “unnecessary regulatory or administrative barriers” to hunting and fishing and justify regulations they want to […]

In a rematch of last season’s WNBA Finals, the reigning champion Las Vegas Aces play host to the Phoenix Mercury in a matinee Saturday to open the season for both teams. Las Vegas heads into the 2026 campaign fresh off its third WNBA championship in four seasons led by A’ja Wilson, who is coming off her fourth Most Valuable Player campaign. Wilson surpassed Lisa Leslie, Sheryl Swoopes and Lauren Jackson […]

May 8 (Reuters) – Private equity-backed government contractor Applied Aerospace & Defense filed for an initial public offering in the United States on Friday.  The Huntsville, Alabama-based space and defense hardware provider plans to sell new shares in the offering. Middle-market-focused buyout firm Greenbriar Equity Group last year combined Applied Aerospace and PCX Aerosystems to form Applied Aerospace & Defense. Applied Aerospace & Defense will list on the New York […]

By Nate Raymond and Svea Herbst-Bayliss BOSTON, May 8 (Reuters) – A former attorney at Wachtell, Lipton, Rosen & Katz who went on to join an investment bank is an unindicted co-conspirator in a vast insider trading case that involved tips from lawyers on corporate mergers, two people familiar with the matter said. Avi Sutton, who joined the boutique investment bank LionTree in 2022, was identified by the people as […]

By Dan Burns May 8 (Reuters) – U.S. job growth topped expectations for a second straight month in April – and by a hefty margin – while the unemployment rate held steady, showing the labor market is resilient in the face of the U.S.-Israeli war on Iran and the inflation pressures it has created. But looking beyond that headline figure, the job market is far from booming. While employers report […]

May 8 (Reuters) – Artificial intelligence startup Anthropic has signed a $1.8 billion computing deal with Akamai Technologies to meet surging demand for its AI software, Bloomberg News reported on Friday, citing people familiar with the matter. • Akamai shares rose 25% on Thursday after the company had disclosed a long-term cloud deal with a frontier model provider, without naming the partner, in its earnings statement. • In regular trading […]