By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks fell Friday afternoon, led by weaker technology-related shares following their recent rally, as data showed U.S. consumer sentiment dropped to a six-month low. Tesla Inc shares slid 2.4% after jumping more than 2% on Thursday, when Elon Musk announced he had found a new chief executive…
By Moira Warburton WASHINGTON (Reuters) – Lawmakers in the U.S. Congress should have their pay frozen until the fight over whether to increase the country’s debt ceiling is resolved, Democratic Representative Abigail Spanberger said in a letter on Friday. “If the American people and the American economy are suffering as a result of congressional…
By Jeff Mason WASHINGTON (Reuters) – President Joe Biden is expected to meet with Republican House Speaker Kevin McCarthy and other congressional leaders early next week to resume budget negotiations and resolve a looming default on the nation’s debt, White House spokesperson Karine Jean-Pierre said on Friday. The leaders had canceled a planned meeting on…
By Crispin Kyala BUSHUSHU, Democratic Republic of Congo (Reuters) – With shovels, sticks and bare hands, Red Cross volunteers struggled to clear caked mud from around a body half buried in a landslide in Bushushu village in eastern Democratic Republic of Congo. A week after torrential rains triggered deadly floods, the workers said they were…
By Christian Akorlie, Jorgelina do Rosario and Rachel Savage ACCRA (Reuters) -Ghana’s official sector creditors have formed a committee co-chaired by China and France for debt restructurings talks, the Paris Club said on Friday, paving the way for a sign-off on a $3 billion International Monetary Fund loan for the country. The West African nation…
By John Irish and Francois Murphy PARIS/VIENNA (Reuters) – U.N. nuclear watchdog chief Rafael Grossi plans to present an agreement with Russia and Ukraine on protecting the Zaporizhzhia nuclear power plant to the U.N. Security Council this month, indicating a deal is close, four diplomats have told Reuters. International Atomic Energy Agency (IAEA) chief Grossi…
By Lewis Krauskopf NEW YORK (Reuters) – A U.S. stocks rally is leaving behind smaller companies, a sign that investors may be bracing for economic turmoil ahead. The small-cap Russell 2000 is down about 1% this year, compared to a rally that has boosted the S&P 500, an index representing the largest U.S. companies, 7%…
By Chris Prentice NEW YORK (Reuters) -A powerful U.S. business lobby group sued the Securities and Exchange Commission on Friday over a new regulation requiring publicly traded companies to disclose more information about share buyback programs. The Chamber of Commerce says the new requirements, which SEC commissioners approved last week in a 3-2 vote, will…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer sentiment slumped to a six-month low in May on worries that political haggling over raising the federal government’s borrowing cap could trigger a recession. The University of Michigan’s survey on Friday also showed consumers’ long-term inflation expectations jumping this month to their highest reading since 2011, bad…
By Liliana Salgado and Ted Hesson YUMA, Arizona (Reuters) – Migrants gathered on both sides of the U.S.-Mexico border on Thursday hours before immigration restrictions known as Title 42 expire, with some rushing to cross ahead of tough new asylum rules that will replace a COVID-era order. U.S. Customs and Border Protection (CBP) has in…
