By Moira Warburton, Richard Cowan and Andrea Shalal WASHINGTON (Reuters) -A second meeting on Friday between White House and Republican congressional negotiators on raising the federal government’s $31.4 trillion debt ceiling broke up with no progress cited by either side and no additional meeting set. “We had a very, very candid discussion talking about where…
By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended lower and the dollar lost ground on Friday as negotiations to raise the U.S. debt ceiling were put on hold, jarring market participants as they headed into the weekend and the United States moved closer to the deadline to avoid default. While all three major…
By Joey Roulette WASHINGTON (Reuters) -A team led by Jeff Bezos’ Blue Origin won a coveted $3.4 billion NASA contract to build a spacecraft to fly astronauts to and from the moon’s surface, the U.S. space agency said on Friday, a breakthrough for the company two years after it lost out to Elon Musk’s SpaceX…
By Erwin Seba HOUSTON (Reuters) – An attorney representing the family of a 55-year-old Marathon Petroleum refinery worker killed in a fire at the Texas facility this week called the plant where he worked “dangerous” on Friday. Scott Higgins died in a fire when a seal on a pump, near where he was performing maintenance…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices fell on Friday, as investors worried that U.S. politicians will fail to agree on a new debt ceiling and trigger a default that would hurt the economy and reduce fuel demand. Brent futures settled 28 cents, or 0.8%, lower at $75.58 a barrel, while West Texas Intermediate U.S….
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell on Friday after Federal Reserve Chair Jerome Powell struck a moderately dovish stance, contrary to market expectations, saying that given how credit conditions have tightened, the U.S. central bank may not need to raise interest rates as much. A pause in negotiations to raise the…
WASHINGTON (Reuters) – Amgen Inc has agreed not to quickly close on its $27.8 billion acquisition of Horizon Therapeutics after the U.S. Federal Trade Commission (FTC) filed suit to block the deal. A U.S. district court judge issued a temporary restraining order late on Wednesday after the two companies and the FTC reached an agreement…
By Tatiana Bautzer, Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – Morgan Stanley’s James Gorman plans to step down as chief executive within a year but stay on as executive chairman, drawing to a close 13 years in the role during which he built the Wall Street firm into a wealth management powerhouse. Gorman,…
By Nupur Anand NEW YORK (Reuters) – As JPMorgan Chase & Co CEO Jamie Dimon prepares to take the stage for the bank’s investor day on Monday, he can expect plenty of questions about the bank’s purchase of failed First Republic Bank, as well as about succession, following James Gorman’s plan to step down as…
WASHINGTON (Reuters) – Debt ceiling talks between the White House and House Republican lawmakers were paused on Friday, a Punchbowl reporter said on Twitter. (Reporting by Katharine Jackson and Doina Chiacu; Editing by)
