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…
By Davide Barbuscia and David Randall NEW YORK (Reuters) – A closely watched part of the U.S. Treasury yield curve inverted on Monday for the first time since April following hotter-than-anticipated inflation data last week. As the U.S. Federal Reserve attempts to bring inflation down from 40-year highs, banks have ramped up projections of interest…
By Katanga Johnson WASHINGTON (Reuters) -Charles Schwab Corp will pay $187 million to settle U.S. Securities and Exchange Commission (SEC) charges accusing three investment adviser subsidiaries of failing to disclose less profitable fund allocations and misleading robo-adviser clients, the agency said on Monday. The SEC, the federal agency that regulates Wall Street, called Schwab’s conduct…
WASHINGTON (AP) — For months, Chair Jerome Powell has held out hope that the Federal Reserve will be able to raise interest rates high enough to throttle rampant inflation without tipping the economy into recession. Yet with the Fed set to announce another sharp interest rate hike after it meets this week, days after the…
By Luc Cohen NEW YORK (Reuters) – Binance U.S. and its CEO were sued on Monday by a U.S. investor who alleges the cryptocurrency exchange falsely marketed Terra USD as a safe asset ahead of the so-called stablecoin’s collapse in value last month. Stablecoins are digital tokens pegged to the value of traditional assets, such…
NEW YORK (AP) — Major automakers are asking Congress to lift the cap on how many people can receive tax credits for buying a hybrid or fully electric vehicle. Currently the number of tax credits allowed is capped at 200,000 per company. General Motors and Tesla have already reached the cap and Toyota is close…
By Lewis Krauskopf NEW YORK (Reuters) – The stock market’s brutal year neared a grim milestone as the S&P 500’s slide on Monday threatened to leave it in a bear market for the first time since March 2020, fueled by worries over sky high inflation, a hawkish Federal Reserve and future economic growth. The benchmark…
