WASHINGTON (Reuters) -A bipartisan group of lawmakers said on Monday they have agreed on a proposal that would give the U.S. government sweeping new powers to block billions in U.S. investment into China, although the measure is part of a broader bill with an uncertain future. The provision is part of broadbased legislation to boost…
By Koh Gui Qing and Saikat Chatterjee NEW YORK (Reuters) -Global stocks and government bonds plunged again on Monday and the dollar hit two-decade highs, as red-hot U.S. inflation fuelled worries about even more aggressive policy tightening in a big week for central banks. Underscoring concerns that tighter monetary conditions may cool the U.S. economy…
By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 ended more than 20% below its Jan. 3 record closing high on Monday, confirming a bear market for the benchmark as investors sold stocks amid worries over whether the Federal Reserve will be able to tame inflation without triggering a recession. A close of more than…
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – Fourteen Middle Eastern and Asian countries will not show Walt Disney Co’s new Pixar movie “Lightyear” when it hits theaters this week, a source familiar with the matter said on Monday. The United Arab Emirates said it banned the film because the movie includes a…
(Reuters) – Bitcoin dropped 12.1% to $23,366 at 2002 GMT on Monday, losing $3,218.95 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 51.6% from the year’s high of $48,234 on March 28. Ether, the coin linked to the ethereum blockchain network, dropped 13.62 % to $1,237.72 on Monday, losing $195.18…
By Dietrich Knauth (Reuters) – LATAM Airlines Group SA, the largest air transport group in Latin America, on Monday asked a bankruptcy judge to approve $2.75 billion in new loans to fund the company’s exit from Chapter 11. U.S. Bankruptcy Judge James Garrity in Manhattan will review the request during a court hearing on June…
BUCHA, Ukraine (AP) — The lush green beauty of a pine forest with singing birds contrasted with the violent deaths of newly discovered victims of Russia’s war in Ukraine, as workers exhumed bodies from another mass grave near the town of Bucha on Kyiv’s outskirts. The hands of several victims were tied behind their backs….
WASHINGTON (Reuters) – A bipartisan group of lawmakers said on Monday they have agreed on legislation that would give the U.S. government sweeping new powers to block billions in U.S. investment into China. The measure is part of a bill that would also grant $52 billion to chipmakers to expand operations, a boon to the…
By Joey Roulette WASHINGTON (Reuters) – NASA wants Elon Musk’s SpaceX to ensure its plan to launch its next-generation Starship rocket from Florida would not put at risk nearby launch infrastructure critical to the International Space Station, a senior space agency official told Reuters. The new hurdle further complicates and could potentially delay the launch…
NEW YORK (Reuters) – The benchmark S&P 500 was down more than 20% from its Jan. 3 record closing high on Monday, as investors sold stocks amid worries over whether the Federal Reserve will be able to tame inflation without triggering a recession. A close of more than 20% below the record high would confirm…
