By Jeff Mason and Arshad Mohammed WASHINGTON (Reuters) – U.S. President Joe Biden and Spanish Prime Minister Pedro Sanchez underscored their support for Ukraine in the war with Russia on Friday during a White House meeting that also touched on migration and defense cooperation. During a meeting in the Oval Office, Biden said that “together…
WASHINGTON (Reuters) – General Motors said on Friday it will recall nearly 1 million sport utility vehicles in the United States because the driver’s air-bag inflator may explode during deployment. The recall covers 994,763 Buick Enclave, Chevrolet Traverse, and GMC Acadia vehicles from the 2014 through 2017 model years with modules produced by ARC Automotive…
By Herbert Lash NEW YORK (Reuters) -The dollar rose on Friday but a gauge of global stocks retreated on a report that showed U.S. consumer sentiment slumped to a six-month low in May, reinforcing bearish investor sentiment over talks to raise the U.S. government’s debt ceiling. The dollar strengthened against the euro, yen and other…
WASHINGTON (Reuters) -U.S. Deputy Secretary of State Wendy Sherman, the country’s number two diplomat, said on Friday she will retire at the end of June after three decades in Washington’s foreign policy establishment. Sherman is the first woman to serve in her current role, in which she has headed up the Biden administration’s diplomacy with…
(Reuters) – Deposits at U.S. banks climbed in early May, ticking up from the lowest level in nearly two years while bank lending was little changed at a record level, Federal Reserve data released on Friday showed. Deposits climbed to $17.16 trillion in the week ended May 3, up about $67 billion to mark the…
(Reuters) – Deposits at U.S. banks climbed in early May, ticking up from the lowest level in nearly two years while bank lending was little changed at a record level, Federal Reserve data released on Friday showed. Deposits climbed to $17.16 trillion in the week ended May 3, up about $67 billion to mark the…
By Richard Cowan WASHINGTON (Reuters) – The Washington standoff over raising the U.S. government’s $31.4 trillion borrowing limit is adding to global economic worries, as a new non-partisan congressional report cited “significant risk” of a historic default within the first two weeks of June. The U.S. Congressional Budget Office report, issued Friday morning, confirms Treasury…
By Michael Erman and Bhanvi Satija NEW YORK (Reuters) -Pfizer Inc Chief Executive Albert Bourla called U.S. plans to negotiate drug prices for its Medicare health program “negotiation with a gun to your head” and said he expects drugmakers to sue in an attempt to halt the process. “It is not negotiation at all. It…
By Luc Cohen NEW YORK (Reuters) -A former U.S. Marine sergeant who killed a homeless man by putting him in a chokehold on the New York City subway was charged with manslaughter on Friday in a Manhattan criminal court, hours after he surrendered to police. A viral video showed Daniel Penny putting 30-year-old Jordan Neely…
(Reuters) -Shares of major U.S. regional lenders edged higher on Friday, reversing early losses in skittish trading as investors bought some battered stocks but remained uncertain about the financial stability of mid-sized banks. Western Alliance rose 2.1%, Synovus Financial gained 2.2%, and Truist Financial added 1.8%. The KBW Regional Banking index, which has fallen nearly…
