By Safiyah Riddle (Reuters) – An index designed to track turns in U.S. business cycles fell for the 15th straight month in June, dragged down by a weakening consumer outlook and increased unemployment claims, marking the longest streak of decreases since the lead-up to the 2007-2009 recession. The Conference Board on Thursday said its Leading…
By Clark Mindock (Reuters) – A U.S. appeals court on Thursday declined to reconsider lawsuits challenging the Environmental Protection Agency’s finding that greenhouse gasses, including carbon dioxide, pose a danger to human health and welfare. The full U.S. Court of Appeals for the District of Columbia Circuit denied a petition for rehearing en banc filed…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The bigger they are, the harder they fall. The old maxim wasn’t originally a reference to stock prices, but it’s a pretty apt summary of Wall Street’s moves on Thursday that will likely set a…
By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden asked a group of aides to explore “all legal and policy options” to prevent another debt limit standoff, the White House said on Thursday. Last month, the Democratic president signed a bipartisan deal after excruciating negotiations with Republican House Speaker Kevin McCarthy that narrowly averted…
By David Shepardson WASHINGTON (Reuters) -A Fiat Chrysler auto engineer charged with making misstatements to U.S. regulators about diesel engines’ emission control systems pleaded guilty to a felony, the U.S. Justice Department said on Thursday. The Justice Department said the guilty plea by Emanuele Palma accompanies the earlier conviction of Fiat Chrysler, now part of…
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, touching the lowest level in two months amid ongoing labor market tightness and defying efforts by the Federal Reserve to slow demand. The second straight weekly decline in claims reported by the Labor Department on…
By Alexander Villegas ATACAMA DESERT, Chile – Chile’s millennial president, Gabriel Boric, promised to mine differently. He would turn the world’s largest copper producer and second largest lithium miner into a country that focused on environmental and social responsibility. When Boric announced his ambitious plan in April to take state control over the country’s lithium…
By Olena Harmash KYIV (Reuters) -Ukraine’s central bank said it will nationalise Russian-owned Sense Bank, one of the country’s top commercial banks, and put it under temporary administration on Friday. The National Bank of Ukraine (NBU) said in a statement on Thursday it decided to “withdraw from the market the systemically important” bank and submitted…
(Reuters) – Florida’s board of education has approved new guidelines for teachers on how Black American history should be taught despite sharp criticism from some educators and civil rights groups. Among the new guidelines for educators are “benchmark clarifications,” including one for middle school students that states “instruction includes how slaves developed skills which, in…
SAO PAULO (Reuters) – Brazilian retailer GPA said on Thursday its board rejected a second offer from Colombian billionaire Jaime Gilinski to acquire a 51% stake in its subsidiary Almacenes Exito. In a securities filing, GPA said the offer does not serve the best interests of the firm and its shareholders, as the price offered…
