By Bansari Mayur Kamdar and Praveen Paramasivam (Reuters) -Wall Street’s main indexes fell on Tuesday after U.S. Federal Reserve Governor Lael Brainard said she expects rapid reductions to the central bank’s balance sheet, spooking investors already on edge about the prospect of fresh sanctions on Russia. The tech-heavy Nasdaq led losses as expectations of quicker…
LONDON (AP) — The British government on Tuesday ordered scientists to take a new look at the risks of fracking, as soaring fuel prices and squeezed supplies prompt a rethink about the country’s energy supply. Business Secretary Kwasi Kwarteng asked the British Geological Survey to review the evidence and report by June “on the geological…
(Reuters) – AT&T’s WarnerMedia unit chief Jason Kilar will depart from the company after the merger with media firm Discovery, according to a memo seen by Reuters. “With the pending transaction with Discovery nearing close, now is the right time to share with each of you that I will be departing this amazing company,” Kilar…
Shares of Tesla (TSLA) rallied 5% after reporting first-quarter deliveries that were in line with expectations. Investors worried that supply chain issues would lead the EV maker to miss its output target. The better-than-feared number provided some relief. The rally made Elon a cool $9 billion in net worth. Life is good when you are…
By David Lawder WASHINGTON (Reuters) -The U.S. Internal Revenue Service has suspended information exchanges with Russia’s tax authorities in a bid to hamper Moscow’s ability to collect taxes and fund its war against Ukraine, the Treasury Department told Reuters on Tuesday. Under a 30-year-old tax treaty, the IRS and Russia’s Federal Tax Service have shared…
By David Lawder WASHINGTON (Reuters) – The U.S. Internal Revenue Service has suspended information exchanges with Russia’s tax authorities in a bid to hamper Moscow’s tax collections and reduce funds available for its invasion of Ukraine, the Treasury Department told Reuters on Tuesday. Under a 30-year-old tax treaty, the IRS and Russia’s Federal Tax Service…
By Paul Sandle LONDON (Reuters) – Thousands of holidaymakers have seen their Easter getaways disrupted or cancelled because airlines and airports do not have enough staff to meet the recovery in demand as pandemic restrictions are eased in Europe. High rates of COVID-19 in Britain have caused staff absences for airlines and airports that were…
(Reuters) – Wall Street’s main indexes opened lower on Tuesday, as the prospect of fresh sanctions on Russia kept investors on edge, while megacap growth stocks retreated after strong gains a day earlier. The Dow Jones Industrial Average fell 45.5 points, or 0.13%, at the open to 34876.33. The S&P 500 fell 10.2 points, or…
By Julie Gordon OTTAWA (Reuters) – Canada’s exports rose 2.8% in February to a record high, driven mostly by energy products, while imports climbed 3.9% from the previous month, led by metals, data from Statistics Canada showed on Tuesday. The country’s trade surplus with the world narrowed to C$2.66 billion ($2.14 billion), slightly below analyst…
DETROIT (AP) — U.S. safety regulators have opened an investigation into electric and hybrid vehicle batteries after five automakers issued recalls due to possible defects that could cause fires or stalling. The National Highway Traffic Safety Administration says the probe covers more than 138,000 vehicles with batteries made by LG Energy Solution of South Korea….
