By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden made his pitch for re-election on Friday night to a small group that may prove essential to his candidacy: the wealthy. Biden, who launched his bid for the 2024 presidential election in a video posted online on Tuesday, gathered fewer than 200 of the top…
WASHINGTON (Reuters) – The U.S. confiscated Iranian oil on a tanker at sea in recent days in a sanctions enforcement operation, three sources said, and days later Iran seized another oil-laden tanker in retaliation, according to a maritime security firm. As oil markets remain jittery, the cargo seizure is the latest escalation between Washington and…
By Douglas Gillison (Reuters) – The Federal Reserve on Friday blamed the deregulatory zeal that occurred during the Trump era for contributing to the second-largest bank failure in U.S. history, appearing to take a clear stand on an acrimonious policy divide in Washington. Amid the turmoil that Silicon Valley Bank’s implosion unleashed on the financial…
WASHINGTON (Reuters) -The U.S. Army on Friday ordered its aviation units to pause operations for one day next month to review safety procedures and training after two recent helicopter crashes killed 12 soldiers. The move will ground all Army aviators, except those participating in critical missions, until they complete the required training, the Army said…
By Sinéad Carew, Sruthi Shankar and Ankika Biswas (Reuters) – U.S. stock indexes advanced on Friday after strong earnings updates from Exxon and Intel offset worries over Amazon’s slowdown warning, while economic data reinforced expectations that the Federal Reserve would hike interest rates next week. Exxon Mobil Corp shares finished up 1.3% after hitting an…
By Sinéad Carew, Sruthi Shankar and Ankika Biswas (Reuters) – U.S. stock indexes advanced on Friday after strong earnings updates from Exxon and Intel offset worries over Amazon’s slowdown warning, while economic data reinforced expectations that the Federal Reserve would hike interest rates next week. Exxon Mobil Corp shares finished up 1.3% after hitting an…
By Sharon Bernstein (Reuters) – A day after all five women in the South Carolina state senate banded together to block a proposed abortion ban, Republican Senator Sandy Senn posted a picture of the group on her Facebook page calling the three Republicans, one Democrat and one Independent “united and unstoppable.” The senators came together…
By Clark Mindock (Reuters) – Offshore drilling leases covering 1.7 million acres of federal waters in the Gulf of Mexico will remain in place after a federal appeals court said last year’s $430 billion Inflation Reduction Act, the biggest climate change package in U.S. history, mandated they be issued to the highest bidders. A three-judge…
By Ann Saphir, Hannah Lang and Chris Prentice (Reuters) – U.S. regulators on Friday put large banks on notice that tougher oversight is coming, after the Federal Reserve and Federal Deposit Insurance Corporation detailed their supervisory lapses before deposit runs caused the collapse of Silicon Valley Bank and Signature Bank in March. Though the banking…
By Ann Saphir, Hannah Lang and Chris Prentice (Reuters) – U.S. regulators on Friday put large banks on notice that tougher oversight is coming, after the Federal Reserve and Federal Deposit Insurance Corporation detailed their supervisory lapses before deposit runs caused the collapse of Silicon Valley Bank and Signature Bank in March. Though the banking…
