By David Shepardson WASHINGTON (Reuters) – New Jersey’s two Democratic senators and the state’s governor said on Monday they are seeking to halt a plan by New York City to adopt a congestion pricing plan in Manhattan, which would be the country’s first. Senators Bob Menendez and Cory Booker urged U.S. Transportation (USDOT) Secretary Pete…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A barrage of Chinese economic data on Tuesday will give investors a clearer picture of whether their growing fears over the health of Asia’s largest economy lately are justified. If the April snapshots of retail sales, urban investment…
By David Randall NEW YORK (Reuters) – Prominent hedge funds including Arrowstreet Capital LLC, D1 Capital Partners and Coatue Management LLC were among the investors that bought shares of Meta Platforms Inc in the first quarter of the year, amid an eye-popping rebound in the Facebook-parent’s stock. Meta Platforms, which suffered the worst decline among…
By Howard Schneider AMELIA ISLAND, Florida (Reuters) -Richmond Federal Reserve President Thomas Barkin on Monday said he is not convinced inflation is on a steady decline back to the U.S. central bank’s 2% target or that overall demand in the economy has been curbed enough to ensure it gets there. Barkin said he remained open-minded…
By Steve Holland and David Brunnstrom WASHINGTON (Reuters) – The G7 summit U.S. President Joe Biden attends in Japan this week will show leaders unified behind a common approach to dealing with China based on shared values, even while recognizing each country will manage its own relationship with Beijing, a senior U.S. administration official said…
By Ann Saphir and Howard Schneider -U.S. central bankers on Monday signaled they see interest rates staying high and, if anything, going higher, given inflation that may be slow to improve and an economy showing only tentative signs of weakness. In interviews and media appearances, four regional U.S. central bank presidents began disentangling the data…
NEW YORK (Reuters) – Central bank efforts to tame inflation could spark a recession and market selloff that later this year or in 2024 leads to investment opportunities, the BlackRock Investment Institute (BII) said on Monday. Increased market volatility is likely ahead over talks in Washington to raise the U.S. government’s $31.4 trillion borrowing cap….
By Leah Douglas WASHINGTON (Reuters) – Expanding work requirements for the largest U.S. food assistance program is still a “red line” in negotiations over raising the country’s debt ceiling to avert a looming default, Senate Agriculture Committee Chair Debbie Stabenow said Monday in an interview with Reuters. Republicans, whose party control the House of Representatives,…
By Michel Rose and Tassilo Hummel PARIS (Reuters) -President Emmanuel Macron met Tesla’s CEO Elon Musk, the boss of Pfizer and other business chiefs on Monday to urge them to pour money into France, and his office said the country was poised to win record foreign investment pledges. For Macron, whose popularity has suffered from…
By Michael S. Derby NEW YORK (Reuters) -Americans’ appetite for taking on new mortgages slowed substantially during the first quarter, data released by the New York Fed on Monday showed, amid a modest gain in overall household borrowing levels at the start of the year. Overall household debt levels rose by 0.9% to $17.05 trillion…
