(Reuters) – U.S. Senator Joe Manchin on Wednesday threw his support behind a legislative effort to repeal President Joe Biden’s suspension of tariffs on solar panel imports from four Southeast Asian nations that are the industry’s primary suppliers. He is the first Democrat to co-sponsor a resolution introduced by Senator Rick Scott, a Republican, in…
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) -JPMorgan Chase & Co CEO Jamie Dimon sent a clear message to employees this month: get back to the office. It touched a nerve among his staff. The largest U.S. lender’s employees inundated an internal messaging forum with criticism after its operating committee posted an edict…
By David Shepardson WASHINGTON (Reuters) -The U.S. Senate voted 50-49 to overturn Environmental Protection Agency (EPA) rules that aim to drastically cut smog- and soot-forming emissions from heavy-duty trucks but the White House said President Joe Biden would veto the measure. The bill, which was backed by Republicans and Democratic Senator Joe Manchin, seeks to…
SAN FRANCISCO (Reuters) – Proxy advisory firm Glass Lewis recommended Tesla Inc shareholders vote against board nominee JB Straubel at the electric carmaker’s annual meeting next month, raising concerns regarding his independence. Straubel is a co-founder of Tesla and served as its chief technology officer from May 2005 to July 2019. “The unwinding of conflicting…
By P.J. Huffstutter CHICAGO (Reuters) – All barge traffic will be halted across a wide swath of the Upper Mississippi River for weeks, the U.S. Department of Agriculture said Thursday, as record winter snowfall in the upper Midwest is now melting and flooding into waterways. The closures will force grain and fertilizer shippers to find…
By Mimosa Spencer NEW YORK (Reuters) – As Tiffany & Co. celebrates its freshly refurbished New York City flagship, “The Landmark,” behind the scenes, top executives are also focused on a retail overhaul further afield — in China, its second biggest market. “There is huge opportunity for Tiffany in China,” Tiffany & Co. Chief Executive…
By Jorge Otaola BUENOS AIRES (Reuters) -Argentina’s central bank hiked its benchmark interest rate a huge 10 percentage points to 91% on Thursday as it tries to tame high inflation and steady the peso currency, which has tumbled in black market trading over the last week. The hike, the biggest since a market meltdown in…
(This April 26 story has been corrected to show that the trade group Flex has not taken an official position on the nomination in paragraph 11) By Daniel Wiessner (Reuters) – A U.S. Senate committee on Wednesday voted along party lines to advance President Joe Biden’s nominee for U.S. labor secretary, Julie Su, to the…
By Stephanie Kelly NEW YORK (Reuters) – Oil prices steadied on Thursday, paring losses from the previous session, after a top Russian official said global oil markets were balanced. Russian Deputy Prime Minister Alexander Novak said OPEC+ does not see the need for further oil output cuts but is always able to adjust its policy….
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose on Thursday as weaker-than-expected U.S. economic growth in the first quarter is viewed as not likely to deter the Federal Reserve from raising interest rates next week. The advance estimate of first-quarter gross domestic product (GDP) showed a 1.1% annualized rate during the period. The…
