SYDNEY (Reuters) – A measure of Australian consumer sentiment fell in May after a surprise hike in interest rates by the Reserve Bank of Australia (RBA) and a “mildly disappointing” federal budget clouded the outlook for family finances and the economy. The Westpac-Melbourne Institute index of consumer sentiment out on Tuesday slid 7.9% in May…
By Moira Warburton WASHINGTON (Reuters) -A man wielding a baseball bat attacked two staff members in Democratic U.S. Representative Gerry Connolly’s district office in northern Virginia on Monday, Connolly and police said. The staff were transferred to a hospital with non-life threatening injuries, Connolly said. The suspect, who arrived at Connolly’s office asking for the…
By Tom Hals WILMINGTON, Delaware (Reuters) -The U.S. Virgin Islands has subpoenaed Tesla Inc CEO Elon Musk for documents in its lawsuit accusing JPMorgan Chase & Co of helping enable sexual abuses by late sex offender Jeffrey Epstein. The subpoena, issued on April 28, came to light on Monday in a request by the Virgin…
By David Randall and Carolina Mandl NEW YORK (Reuters) -Fund managers zeroed in on the U.S. financial sector during the first quarter, a period during which lenders’ shares were rocked by volatility following the worst banking crisis since 2008, regulatory filings showed on Monday. The S&P Regional Banking Index fell approximately 25% during the quarter…
By Peter Frontini SAO PAULO (Reuters) -Brazilian state-controlled lender Banco do Brasil SA on Monday reported a 29% leap in first-quarter net profit compared with a year ago, boosted by double-digit growth in the value of its loan book. Banco do Brasil’s adjusted net income reached 8.55 billion reais ($1.71 billion) during the first three…
By Erwin Seba TEXAS CITY, Texas (Reuters) -One Marathon Petroleum worker died on Monday and two others were hospitalized in a fire at the company’s Galveston Bay Refinery in Texas City, Texas, said people familiar with the matter. The blaze broke out about 9:30 a.m. CDT (1430 GMT) and was extinguished within four hours, according…
By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 and the Dow ended with modest gains on Monday after manufacturing data raised concerns about a slowing U.S. economy that could help bring down inflation amid ongoing debt ceiling negotiations, while a rise in Meta shares helped lift the Nasdaq. The New York Federal Reserve’s…
By Carolina Mandl (Reuters) -Big investment firms including Macquarie, Fidelity, Tiger Global and Coatue were among the largest buyers of U.S. listed shares of Taiwanese contract chipmaker TSMC in the first quarter, while Warren Buffett’s Berkshire Hathaway sold its remaining stake in the company, according to regulatory filings. Berkshire said in February it had reduced…
By Laura Sanicola and Arathy Somasekhar -Shares of gas pipeline operator ONEOK Inc fell about 9% on Monday on questions about potential synergies from its deal to acquire oil pipeline operator Magellan Midstream Partners. ONEOK on Sunday said it would pay $18.8 billion in cash and stock for Magellan to diversify its natural gas and…
WASHINGTON (Reuters) – A debt limit meeting between U.S. President Joe Biden and top lawmakers including Republican House of Representatives Speaker Kevin McCarthy has been scheduled for 3 p.m. ET (1900 GMT) on Tuesday, a senior administration official said. The meeting was previously scheduled for last Friday, but was postponed. Aides from both sides have…
