US Commerce chief says green steel pact would combat excess Chinese output
By David Lawder WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo said on Tuesday the Biden administration was “extremely focused”…
Business
Wells Fargo to pay $1 billion to settle shareholder lawsuit over recovery from scandals
By Jonathan Stempel NEW YORK (Reuters) -Wells Fargo & Co has agreed to pay $1 billion to settle a lawsuit…
Blackstone, Thomson Reuters consortium looks to sell further $3 billion in LSEG shares
LONDON (Reuters) -An investor consortium including U.S. buyout firm Blackstone and Thomson Reuters, the publisher of Reuters News, is looking…
US bank regulators vow tougher rules, oversight after bank failures
By Pete Schroeder and Ann Saphir WASHINGTON (Reuters) -The Federal Reserve will unveil its plan to ratchet up capital rules…
US regional bank shares bounce as debt ceiling overshadows crisis
By Chibuike Oguh and Niket Nishant (Reuters) – Shares of U.S. regional lenders rose on Monday, led by a rebound…
WestJet union seeks to narrow pay gap between Canada and U.S. pilots as strike looms
By Allison Lampert (Reuters) – Higher pay remains an obstacle for Canada’s WestJet Airlines and its pilots to secure an…
Tighter work requirements for welfare programs on table in debt ceiling talks – sources
By Jarrett Renshaw WASHINGTON (Reuters) – Aides for President Joe Biden and Republican House Speaker Kevin McCarthy have been discussing…
California’s cannabis firms band together to address credit woes
(Reuters) – A coalition of cannabis firms, representing about 45% sales volume in California, on Tuesday started an effort to…
US consumer spending appears solid early in second quarter
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending appears to have increased solidly in April, with households boosting purchases…
JPMorgan CEO says unlikely to acquire other struggling banks
By Nupur Anand and Niket Nishant NEW YORK (Reuters) – JPMorgan Chase & Co CEO Jamie Dimon said that it…