By Michelle Nichols UNITED NATIONS (Reuters) -There are a “number of ideas being floated” to help get Ukrainian and Russian grain and fertilizer to global markets after Moscow quit a deal allowing the safe Black Sea export of Ukraine grain, the United Nations said on Tuesday. The Black Sea deal was brokered by the U.N….
By Daniel Wiessner (Reuters) – Twitter Inc on Tuesday was hit with the second lawsuit this month to claim that it owes at least $500 million in severance pay to ex-workers, the latest in a series of cases arising from Elon Musk’s acquisition of the social media company. The proposed class action filed in Delaware…
(Reuters) – U.S. trucking firm J.B. Hunt Transport Services Inc missed Wall Street estimates for quarterly profit on Tuesday, hit by declining freight volumes as high inflation dented consumer spending. Shares of the company fell about 1% at $187 after the bell. Trucking and logistic firms, in the last few quarters, have struggled with weak…
BUENOS AIRES (Reuters) -A delegation from Argentina’s Economy Ministry traveled to Washington on Tuesday to finalize details on the goals and disbursements involved in a $44 billion International Monetary Fund (IMF) loan, a government spokesperson said. The delegation includes Deputy Economy Minister Gabriel Rubinstein, and top adviser Leonardo Madcur, they said. The IMF confirmed through…
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks advanced on Tuesday, partly boosted by a round of solid bank earnings which helped put the Dow on track for its longest streak of daily gains in more than two years. Morgan Stanley shares jumped 6.45%, their biggest one-day percentage climb since Nov. 9, 2020 after…
By Herbert Lash NEW YORK (Reuters) – The dollar rebounded off a 15-month low and global stock markets rose on Tuesday as upbeat earnings on Wall Street and retail sales pointing to a resilient U.S. economy sealed expectations that the Federal Reserve will hike interest rates next week. Bank of America posted a 20% surge…
KYIV (Reuters) -Russia and Ukraine presented vastly different accounts of fighting in northeastern Ukraine on Tuesday, with Moscow reporting advances by its troops and Kyiv saying it had seized the initiative in the region. Both sides reported no letup in the fighting. Ukraine has reported a measure of progress in a counteroffensive launched early last…
(Reuters) -Johnson & Johnson sued the U.S. government on Tuesday, becoming the latest drugmaker seeking to block a program that gives the Medicare government health insurance plan the power to negotiate lower drug prices. The pharmaceutical industry says the drug price negotiation program under President Joe Biden’s signature Inflation Reduction Act law will curtail profits…
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar rose from a 15-month low against a basket of currencies on Tuesday after core retail sales saw strong gains in June, as investors wait on the Federal Reserve’s interest rate decision next week. Headline U.S. retail sales rose less than expected in June, with a…
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed more than 1% on Tuesday after China said it will act to support economic growth in the world’s biggest oil importer and on expectations the U.S. Federal Reserve will stop raising interest rates soon and a forecast decline in U.S. output. Brent futures rose $1.13, or…
