By Dedi and Hayun JERUSALEM (Reuters) – Tens of thousands of Israelis demonstrated in Jerusalem on Thursday to show support for controversial planned legislation by the far-right coalition government which would see the country’s highest court stripped of much of its powers. Israelis remain polarised over the planned legislation that proponents say would restore balance…
By Timothy Gardner and Jonathan Saul WASHINGTON (Reuters) – As Iran’s oil exports rise despite U.S. sanctions over its nuclear program, senators from both parties urged President Joe Biden to enable a federal government agency to seize Iranian oil and gas shipments. Senators Joni Ernst, a Republican, and Richard Blumenthal, a Democrat, said in a…
By Lewis Krauskopf NEW YORK (Reuters) – Some market participants are warning that the U.S. market’s biggest tech and growth stocks may be getting too expensive, even as better-than-expected earnings reports stand to further boost their appeal. The Nasdaq 100 has rallied 19% this year, while four stocks that alone have a 40% weight in…
By Aditya Soni (Reuters) – Meta Platforms Inc is a Wall Street darling again. The company’s shares extended their winning streak on Thursday, surging nearly 14% after Meta’s focus on AI and cost-cutting cheered investors whose enthusiasm has already helped the social media behemoth nearly double in value in 2023. Meta, whose stock was trading…
WASHINGTON (Reuters) – White House national security adviser Jake Sullivan said on Thursday the United States is not looking to decouple its economy from the Chinese economy, saying, “We’re not cutting off trade.” Speaking at the Brookings Institution, Sullivan said China should step up as a constructive force in assisting heavily indebted countries. He said…
By Matt McKnight (Reuters) – As wildfire season approaches, U.S. officials along the West Coast are working hard to mitigate risks with prescribed burns, while a widespread educational campaign is underway to create buffers around fire-prone homes. In Washington state, Department of Natural Resources Commissioner Hillary Franz is working on reversing negative perceptions surrounding prescribed…
WASHINGTON (Reuters) – Federal Trade Commission Chair Lina Khan met with the heads of other antitrust enforcers, including Britain’s, last week but no mergers were discussed, according to an FTC official who spoke amid allegations the FTC and UK are working together to block Microsoft’s bid for Activision. On Wednesday, Britain’s Competition and Markets Authority…
By Rajesh Kumar Singh CHICAGO (Reuters) -U.S. carriers expect strong profit in the current quarter as travel spending remains strong, but delays in aircraft deliveries and staffing shortages are hampering their efforts to fully capitalize on consumer demand. Several U.S. operators including American Airlines and Southwest Airlines noted that delays in Boeing’s aircraft deliveries could…
(Reuters) -Shares of Mobileye Global Inc fell by more than 30% on Thursday after the maker of autonomous driving technology lowered its forecast for annual revenue owing to a slowdown in demand for electric vehicles from China. Mobileye, which counts auto parts suppliers Aptiv Plc and Magna International among its customers, reduced its forecast for…
By Laura Matthews NEW YORK (Reuters) – Citigroup Inc’s global head of foreign exchange, Stuart Staley, is leaving the bank and an interim head will be named in the coming weeks, according to an internal memo seen by Reuters. Staley, who joined Citigroup in New York in 2004, was appointed global head of FX in 2022,…
