PHOENIX (AP) — An Arizona bill to prohibit government agencies from contracting with firms that refuse to do business with firearms companies received strong support this week from majority Republicans on a state House committee but generated tough criticism from the banking industry. The proposal from GOP Rep. Frank Carroll would require companies doing business…
MacKenzie Scott, who has given at least $8 billion in the past two years to mostly small nonprofits that serve people in need, used to release posts on Medium about her gifts and who got them. Then Scott stopped naming names. She announced in December that more focus should be on the nonprofits. “I want…
By Susan Mathew and Noel Randewich (Reuters) – Wall Street’s main stock indexes fell on Friday as escalating tensions in Ukraine and U.S. statements of an imminent Russian invasion prompted investors to dump risky assets in the run-up to a long weekend. Most of the major S&P 500 sectors were in the red, with energy…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – After a turbulent start to the year, investors are betting stock market volatility isn’t going away anytime soon. While tensions between Russia and Ukraine have been the most recent driver of stock market gyrations, many expect inflation, uncertainty over monetary policy and stretched valuations to keep stirring…
By Howard Schneider New York (Reuters) -When the Federal Reserve tacked to a new brand of monetary policy 18 months ago it thought it could deliver low unemployment and tame inflation. It may end up with neither, five top bank and academic economists wrote in a critique released on Friday. Their paper envisions a scenario…
NEW YORK (AP) — The Federal Reserve should start raising interest rates next month to help rein in too-high inflation, Federal Reserve Bank of New York President John Williams said Friday. But he added that the rate hikes may not have to begin with as big a bang as some have suggested. With inflation at…
By Chavi Mehta and Nivedita Balu (Reuters) – Intel Corp’s latest focus on making chips to meet rising demand will give Advanced Micro Devices Inc, its biggest rival in the server and PC market, a chance to build a greater foothold in the segment, analysts said. Intel, which plans large investments in chip technologies in…
By Laura Sanicola (Reuters) -Oil prices extended losses on Friday and were heading for a weekly fall as the prospect of increased Iranian oil exports eclipsed fears of potential supply disruption resulting from the Russia-Ukraine crisis. Brent crude futures fell 13 cents, or 0.1%, to $92.84 a barrel by 12:26 p.m. EDT (1526 GMT), extending…
By Lucia Mutikani WASHINGTON(Reuters) -U.S. home sales unexpectedly increased in January, but investors paying in cash are squeezing out first-time buyers from the housing market amid record low inventory and higher prices. The surge in sales of previously owned homes last month reported by the National Association of Realtors on Friday likely reflected buyers rushing…
By Amruta Khandekar (Reuters) – Steady sales of pacemakers and heart stents may have likely helped Medtronic Plc offset weak demand for its other medical devices, in a quarter that saw an Omicron-led surge in COVID-19 cases and staffing crisis at most U.S. hospitals. Overwhelmed by soaring infections and shortages of nurses and other healthcare…
