US House committee votes to repeal Biden solar panel policy
By Nichola Groom (Reuters) – A U.S. House of Representatives committee voted in favor of restoring tariffs on solar panels…
Economy
Biden admin says Republican concerns about oil reserve damage unfounded
By Timothy Gardner WASHINGTON (Reuters) – The Biden administration said concerns of Republican lawmakers that last year’s record drawdown of…
Zions Bancorporation profit misses as provisions overshadow NIM gains
(Reuters) – Zions Bancorporation missed estimates for quarterly profit on Wednesday as higher provisions to cover loan losses offset the…
Stocks fall, yields climb on rate hike view
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks slipped on Wednesday after back-to-back gains as investors…
IRS chief urges 2024 budget hike as Republicans criticize $80 billion spending plan
WASHINGTON (Reuters) – Internal Revenue Service Commissioner Danny Werfel urged Congress on Wednesday to approve a $1.8 billion annual budget…
U.S. banking regulator warns ‘open banking’ could impact deposit outflows
By Hannah Lang (Reuters) – The evolution of “open banking” in the U.S. could impact how regulators supervise banks, as…
Meta lays off tech teams, battering employee morale
By Katie Paul and Yuvraj Malik (Reuters) – Meta Platforms Inc on Wednesday carried out another round of job cuts,…
Nasdaq profit beats expectations, helped by anti-financial crime unit
(Reuters) -Nasdaq Inc on Wednesday reported first-quarter profits that beat Wall Street estimates as demand for its anti-financial crime software…
GE’s largest union ratifies 2-year contract extension with wage hike
(Reuters) – General Electric Co’s workers have ratified a two-year contract extension that provides for a 12% rise in wages,…
US economic activity little changed, Fed report shows
By Ann Saphir (Reuters) -U.S. economic activity was little changed in recent weeks as employment growth moderated somewhat and price…