By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks closed out the trading week on a soft note on Friday as early gains dissipated after U.S. debt ceiling negotiations in Washington were paused, denting optimism a deal could be reached in coming days to dodge a default. Stocks had rallied over the past two sessions…
By Erwin Seba HOUSTON (Reuters) -An attorney representing the family of a 55-year-old Marathon Petroleum refinery worker killed in a fire at the Texas facility this week called the plant where he worked “dangerous” on Friday. Scott Higgins died in a fire when a seal on a pump, near where he was performing maintenance at…
LONDON (Reuters) -Britain published plans to ban imports of Russian diamonds, copper, aluminium and nickel on Friday and announced new sanctions against Russia, targeting companies connected to the suspected theft of Ukrainian grain. The United States and Canada also announced new penalties on Russia over its war against Ukraine. Washington imposed sanctions on gold producer…
By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended lower and the dollar lost ground on Friday as negotiations to raise the U.S. debt ceiling were put on hold, jarring market participants as they headed into the weekend and the United States moved closer to the deadline to avoid default. While all three major…
By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended lower and the dollar lost ground on Friday as negotiations to raise the U.S. debt ceiling were put on hold, jarring market participants as they headed into the weekend and the United States moved closer to the deadline to avoid default. While all three major…
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators are asking Microsoft’s rivals what kind of customer data they are required to provide to the U.S. tech giant as part of their Azure cloud contracts, six months after a trade group complained about its cloud computing practices. Cloud Infrastructure Services Providers in Europe (CISPE),…
SAO PAULO (Reuters) -Bank of Canada Governor Tiff Macklem reiterated on Friday it is far too early to be thinking about interest rate cuts, adding that he expects the consumer price index to decline to around 3% this summer and back to the bank’s 2% inflation target around the end of 2024. Macklem told a…
By Leroy Leo and Sriparna Roy (Reuters) -A panel of advisers to the U.S. Food and Drug Administration, wary of the safety of Intercept Pharmaceuticals’ oral drug for a type of fatty liver disease, recommended on Friday holding off on an accelerated approval of the medicine. The panel of outside experts voted 15-to-1 against the…
By Lewis Krauskopf NEW YORK (Reuters) – Recent advances in artificial intelligence are fueling optimism over how businesses can operate more productively in the years ahead. They are also providing a big boost to the stock market. The S&P 500’s 9% rally this year has been driven by a handful of the index’s biggest stocks,…
By Zeba Siddiqui SAN FRANCISCO (Reuters) – A U.S. court found that the FBI improperly searched for information in a U.S. database of foreign intelligence 278,000 times over several years, including on Americans suspected of crimes, according to a ruling released on Friday. The decision by the Foreign Intelligence Surveillance Court was released by the…
