WASHINGTON (Reuters) – U.S. House of Representatives Speaker Kevin McCarthy said on Thursday that he and Senate Majority Leader Chuck Schumer were committed to passing all spending bills by the Sept. 30 deadline. Lawmakers have until the current fiscal year expires on Sept. 30 to fund the government or risk a partial government shutdown. (Reporting…
By Davide Barbuscia NEW YORK (Reuters) – Vanguard, the world’s second-largest asset manager, expects the Federal Reserve to maintain a hawkish stance by either keeping interest rates elevated for longer than what the market is pricing or by tightening monetary conditions even further. Global Head of Fixed Income Group Sara Devereux said on Thursday the…
By Gloria Dickie (Reuters) – July 2023 is set to upend previous heat benchmarks, U.N. Secretary-general António Guterres said on Thursday after scientists said it was on track to be the world’s hottest month on record. The U.N. World Meteorological Organization (WMO) and European Union’s Copernicus Climate Change Service also said in a joint statement…
KYIV (Reuters) -Ukrainian soldiers have recaptured the southeastern village of Staromaiorske from Russian forces in Donetsk region, a video published by President Volodymyr Zelenskiy showed on Thursday. “The 35th brigade and the ‘Ariy’ territorial defence unit have fulfilled their task and liberated the village of Staromaiorske. Glory to Ukraine!” said a soldier in a video…
By Foo Yun Chee and Sudip Kar-Gupta BRUSSELS (Reuters) -Microsoft on Thursday found itself the target of an European Union antitrust investigation over the bundling of its chat and video app Teams with its Office product, putting it at risk of a hefty fine. The U.S. tech giant has racked up 2.2 billion euros ($2.5…
(Reuters) -Oregon Senator Ron Wyden has asked the Federal Trade Commission, the Cybersecurity and Infrastructure Security Agency and the Justice Department to ‘take action’ against Microsoft following a China-linked hack that reportedly resulted in the theft of thousands of government emails from top U.S. officials. In a letter released Thursday, Wyden said “even with the…
By Diane Bartz WASHINGTON (Reuters) – U.S. senators, alarmed by the malevolent potential of artificial intelligence, will summon developers, executives and experts for hearings later this year on possible legislative safeguards, Senate Majority Leader Chuck Schumer said on Thursday. There is “real bipartisan interest in AI, which will be necessary if we want to make…
By Timothy Gardner WASHINGTON (Reuters) – The Department of Energy said on Thursday it is accepting applications from states and territories for $8.5 billion in rebate programs for upgrades in U.S. homes that aim to lower energy bills and increase energy efficiency. The rebates for items including insulation, heat pumps, and efficient appliances will be…
By Scott DiSavino (Reuters) – U.S. power prices rose to their highest in months in a couple of markets as homes and businesses cranked up their air conditioners to escape a brutal heatwave blanketing much of the country this week, stressing electric grids. Extreme weather reminds consumers of the fatal freeze in February 2021 that…
By Mimosa Spencer and Silvia Aloisi PARIS (Reuters) -French luxury group Kering, which is struggling to revive sales at its star brand Gucci, said on Thursday it was buying a 30% stake in Italian fashion label Valentino from Qatari investment fund Mayhoola for 1.7 billion euros ($1.87 billion) in cash. The agreement includes an option…
