By David Shepardson (Reuters) -The Biden administration on Friday approved the release of the final environmental assessment for New York City’s congestion pricing plan for public comment, a key step before the project can be green-lighted. The Federal Highway Administration approval is a milestone in efforts to implement the plan announced in 2019 to reduce…
By Jane Lanhee Lee Santa Clara, California (Reuters) – Silicon Valley’s U.S. Democratic Representative Ro Khanna and the director of the National Science Foundation (NSF) warned on Friday against delays to funding for U.S. research in the face of surging technology investment by rivals such as China. While the CHIPS and Science Act authorized the…
By Joseph Ax and Dawn Chmielewski (Reuters) -Florida Governor Ron DeSantis on Friday signed a bill into law that gives a new board he controls the power to void development agreements its predecessor body signed with Disney – the latest episode in a feud between the conservative governor and the entertainment giant. Under the bill,…
By Khalid Abdelaziz and Nafisa Eltahir PORT SUDAN, Sudan (Reuters) -Heavy gunfire echoed around Khartoum on Friday as civilians trapped in the Sudanese capital said the army and rival paramilitary were fighting without regard to their plight. Battles since mid-April have killed hundreds and wounded thousands, disrupted aid supplies, sent 100,000 refugees fleeing abroad and…
-Chicago Federal Reserve Bank President Austan Goolsbee on Friday said it is “way too premature” to suggest that stronger-than-expected job gains in April mean the central bank will need to raise interest rates again when it meets again in June. “We know that credit conditions like the ones we are seeing now in the past…
By Manya Saini and Chibuike Oguh (Reuters) – Shares in PacWest Bancorp jumped nearly 82% amid a broader rebound in U.S. regional banks on Friday after analysts upgraded a number of lenders they said were oversold, though some investors fretted the surge may be short-lived. Investor worries about the health of mid-sized lenders deepened in…
(Reuters) – Christmas Tree Shops, a home-decor retailer that was spun off from Bed Bath & Beyond in 2020, filed for bankruptcy protection on Friday. Christmas Tree Shops (CTS) said in a statement that its bankruptcy was a “strictly financial restructuring,” and that most of its stores would remain open without disruption. The Middleborough, Massachusetts-based…
(Reuters) – Deposits at U.S. commercial banks fell in the week ended April 26, data released on Friday by the Federal Reserve showed, while overall credit provided by banks moved up. At large U.S. banks deposits fell to $10.54 trillion from $10.61 trillion a week earlier, on a non-seasonal basis. Deposits at small banks totaled…
(Reuters) -The U.S. Securities and Exchange Commission is investigating the conduct of First Republic Bank executives before the government seizure and sale to JPMorgan Chase & Co, Bloomberg News reported on Friday, citing people familiar with the matter. The SEC is looking into whether any members of the then-executive team of First Republic improperly traded…
By Andrew Mills DOHA/MOMBASA (Reuters) – Andrew Maganga seized the chance to work as a World Cup security guard in Qatar last year, only to be fired along with some 200 others on the last day of the tournament, jailed for protesting over wages, and deported back to his native Kenya. At home in Mombasa,…
