(Reuters) -BlackBerry will conduct a review of strategic alternatives, which includes the possible separation of one or more of its businesses, the Canadian technology company said on Monday. The company’s US-listed shares rose near 11% in trading after the bell. BlackBerry, which was founded in 1984 and built pagers, said it has not set a…
(Reuters) -U.S. President Joe Biden is likely to nominate current Federal Reserve Governor Philip Jefferson to be the central bank’s vice chair and World Bank economist Adriana Kugler as a governor, the New York Times reported on Monday. Jefferson, a former economics professor who has been on the seven-seat Fed Board for just under a…
By Ted Hesson and Rich McKay (Reuters) – A Texas man accused of killing five neighbors after being asked to stop shooting his assault-style rifle because of the noise had been deported from the U.S. four times since 2009, U.S. Immigration and Customs Enforcement (ICE) said on Monday. The suspect in the shooting in the…
By David Shepardson WASHINGTON (Reuters) -The United States will end its COVID-19 vaccination requirements for international travelers and federal workers on May 11, when the coronavirus public health emergency ends, the White House said on Monday. In February, the U.S. House of Representatives voted to lift the requirement that most foreign air travelers be vaccinated…
(Reuters) -International Business Machines Corp expects to pause hiring for roles as roughly 7,800 jobs could be replaced by Artificial Intelligence (AI) in the coming years, CEO Arvind Krishna told Bloomberg News on Monday. Hiring specifically in back-office functions such as human resources will be suspended or slowed, Krishna said, adding that 30% of non-customer-facing…
HOUSTON (Reuters) -The U.S. will not block a court auction of shares in oil refiner Citgo Petroleum Corp’s parent, Justice Department officials told a federal court, paving the way for a potential seizure by creditors of Venezuela’s most-prized foreign asset. The U.S. Treasury Department since 2020 has protected Citgo from creditors with claims against Venezuela,…
By Stephanie Kelly and Jarrett Renshaw NEW YORK (Reuters) -The U.S. government could delay a decision on giving electric vehicle (EV) manufacturers tradable credits under a renewable fuel scheme, due to concern about legal challenges to the plan, two sources familiar with the matter said. The plan would have given EV automakers such as Tesla…
WASHINGTON (Reuters) – No. 2 U.S. Senate Republican John Thune on Monday said the news that the federal government could no longer be able to pay its bills as soon as June 1 was an urgent signal that Democratic President Joe Biden and Republican House Speaker Kevin McCarthy need to begin talks on raising the…
By Doyinsola Oladipo NEW YORK (Reuters) -MGM Resorts International on Monday beat Wall Street estimates for first-quarter revenue due to an increase in traffic and business volumes in Macau and Las Vegas. Shares of the company rose 1.2% in trading after the bell. Casino operators are benefiting from the rebound in traffic in gaming hubs…
(Reuters) – The U.S. federal government is ticking closer to its “x-date,” when it will no longer be able to pay its bills and risk a default that would shake the world economy. Republicans in the House of Representatives have passed legislation that would pair a $1.5 trillion increase in the debt ceiling with $4.8…
