By Sinéad Carew NEW YORK (Reuters) – Wall Street stock indexes closed lower on Tuesday, a day ahead of the Federal Reserve’s interest rate decision, while U.S. Treasury yields fell as investors worried the government could run out of cash after June 1 without a debt ceiling hike. Bank stocks underperformed sharply after the weekend …
Stocks sink; Treasury yields, dollar fall; Fed, debt ceiling in focus Read More »
By David Shepardson WASHINGTON (Reuters) – The Biden administration on Tuesday said it was ramping up a program to address supply chain issues by getting truckers, shippers, wholesalers, retailers and other businesses to share information. The Freight Logistics Optimization Works (FLOW) program, which was launched in March 2022 with 18 companies, now has 53 firms. …
Biden administration ramps up data exchange program to boost US supply chains Read More »
By Andrew Chung and John Kruzel WASHINGTON (Reuters) -A Democratic-led Senate panel on Tuesday explored the possibility of pursuing legislation to impose ethics standards on the U.S. Supreme Court amid revelations about luxury trips and real estate transactions by conservative justices, but the panel’s Republican members voiced stern opposition. “The highest court in the land …
Senate panel explores ethics standards for US Supreme Court as questions swirl Read More »
(Reuters) -Wrexham’s Hollywood owners Ryan Reynolds and Rob McElhenney ditched the star-studded Met Gala to join the Welsh soccer club’s open-top bus victory parade on Tuesday as they celebrated promotion to the English Football League. Wrexham last month secured a fairytale return to the EFL following a 15-year absence by beating Boreham Wood 3-1 to …
Soccer-Wrexham paint town red with open-top bus parade after promotion to EFL Read More »
By Helen Coster and Kenneth Li NEW YORK (Reuters) -Thomson Reuters Corp on Tuesday reported higher-than-expected sales and operating profit in the first quarter, helped by divestitures and high customer retention rates, as it plans a deeper investment in artificial intelligence. The news and information company reported adjusted earnings of 82 cents per share, beating analyst …
Thomson Reuters profit tops estimates as it plans AI push Read More »
(Reuters) – Federal Reserve Chair Jerome Powell at his press conference on Wednesday is likely to get asked – again – what contingencies he plans for in the event of a U.S. debt default, and he is likely to say – again – that there is no central bank silver bullet to shield the economy …
Explainer: How the Fed might act in a US default Read More »
Por Matt Tracy (Reuters) -Los rendimientos de los bonos del Tesoro de Estados Unidos cayeron el martes, después de que los inversionistas reforzaron sus apuestas a que la Reserva Federal revertirá su curso de aumento de las tasas de interés antes de lo esperado, en medio de una venta masiva de acciones de bancos regionales …
By Paul Grant and Mike Stone (Reuters) – The U.S. State Department has approved the potential sale of a naval strike missile coastal defense system and related equipment to Latvia for an estimated $110 million, the Pentagon said on Tuesday. The sale comes as European demand for U.S. weaponry is soaring, but instead of big-ticket …
US State Dept OKs potential sale of anti-ship missile system to Latvia -Pentagon Read More »
WASHINGTON (Reuters) – Heather Boushey, economista de la Casa Blanca, advirtió el martes a los republicanos que no “jueguen” con la economía estadounidense a través del debate sobre el techo de la deuda en un momento en que los aumentos de tasas de interés están teniendo un impacto negativo en el sector bancario. “La economía …
By Dietrich Knauth (Reuters) -Revlon Inc said on Tuesday that it has emerged from bankruptcy after cutting more than $2.7 billion in debt and handing control of the beauty products company to its lenders. CEO Debra Perelman said in a statement that Revlon is stronger after bankruptcy and well positioned for long-term growth. “We look …
Revlon emerges from bankruptcy after lender takeover Read More »
