By Saeed Azhar and Shreyashi Sanyal NEW YORK (Reuters) – Wall Street stocks finished sharply lower on Tuesday and short-term Treasury yields shot up as investor jitters grew over a lack of progress in U.S. debt limit talks. Representatives of U.S. President Joe Biden and congressional Republicans ended another round of debt ceiling talks on…
By Guy Faulconbridge MOSCOW (Reuters) – Yevgeny Prigozhin on Saturday delivered Vladimir Putin one of the few battlefield victories of the president’s 15-month war in Ukraine. Even then, Russia’s most powerful mercenary could not resist breaking the taboos of Putin’s tightly controlled political system. Holding a Russian flag and with an automatic weapon slung over…
By Christopher Bing and Doina Chiacu WASHINGTON (Reuters) -The United States and South Korea on Tuesday announced new North Korea sanctions related to thousands of IT workers, many operating in China and Russia, whose labors allegedly help fund weapons of mass destruction and missile programs, they said. One individual, Kim Sang Man, and the North…
By Joey Roulette WASHINGTON (Reuters) -Richard Branson’s bankrupt satellite launch firm, Virgin Orbit, on Tuesday revealed that it was closing for good after a $36.4 million asset sale, including an agreement to sell the bulk of its Long Beach, California, headquarters to small-launch firm Rocket Lab USA Inc. Rocket Lab, the seasoned small-rocket company whose…
By Nandita Bose WASHINGTON (Reuters) – The White House said on Tuesday it would ask workers how their employers use artificial intelligence (AI) to monitor them, as it allocates federal investments in the technology, which is expected to change the nature of work. The White House will hold a listening session with workers to understand…
(Reuters) -Shutterstock Inc said on Tuesday it would buy animated-images platform Giphy Inc from Meta Platforms Inc for $53 million in cash, months after the Facebook owner had agreed to divest the company on competition concerns. Britain’s competition regulator last year ordered Meta to sell Giphy over fears that it could deny or limit competitors…
BRASILIA (Reuters) -Brazil’s Finance Minister Fernando Haddad on Tuesday said that the government’s new fiscal rules and a tax reform should calm investors and the central bank and that there is consensus on the urgency of approving both. After a closed-door meeting with government officials, top lawmakers and business leaders, Haddad told reporters he expects…
By Mohamed Nureldin and Khalid Abdelaziz KHARTOUM (Reuters) -Artillery fire could be heard in parts of Khartoum and warplanes flew overhead on Tuesday, residents said, though an internationally monitored ceasefire appeared to have brought some respite from heavy fighting in the Sudanese capital. Night-time airstrikes were reported in at least one area after the ceasefire…
By Caroline Valetkevitch NEW YORK (Reuters) -Shares of U.S. mid-cap retailers mostly eased on Tuesday as the latest batch of quarterly results included reports from BJ’s Wholesale Club Holdings and other companies that provided more disappointments for the industry. Shares of BJ’s closed down 7.3% after the company reported quarterly revenue that missed analysts’ expectations….
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Things are heating up on the bitcoin blockchain. Daily transactions have rocketed to an all-time high of 682,000 this month, according to data from Glassnode, almost 40% higher than the previous peak in 2017. Bitcoin’s dominance, or its share of the overall $1.16 trillion cryptocurrency market,…
