By Michel Rose and Elizabeth Pineau PARIS (Reuters) -French President Emmanuel Macron has thrown himself into what he calls a “catharsis” operation by confronting angry voters in a series of walkabouts, an attempt to regain control of the narrative that could also expose how distant he has become. After weeks of protests against his decision…
By Douglas Gillison (Reuters) -The Federal Reserve on Friday blamed the deregulatory zeal that occurred during the Trump era for contributing to the second-largest bank failure in U.S. history, appearing to take a clear stand on an acrimonious policy divide in Washington. Amid the turmoil that Silicon Valley Bank’s implosion unleashed on the financial system…
By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden made his pitch for re-election on Friday night to a small group that may prove essential to his candidacy: the wealthy. Biden, who launched his bid for the 2024 presidential election in a video posted online on Tuesday, gathered fewer than 200 of the top…
WASHINGTON (Reuters) – The U.S. confiscated Iranian oil on a tanker at sea in recent days in a sanctions enforcement operation, three sources said, and days later Iran seized another oil-laden tanker in retaliation, according to a maritime security firm. As oil markets remain jittery, the cargo seizure is the latest escalation between Washington and…
By Sinéad Carew, Sruthi Shankar and Ankika Biswas (Reuters) – U.S. stock indexes advanced on Friday after strong earnings updates from Exxon and Intel offset worries over Amazon’s slowdown warning, while economic data reinforced expectations that the Federal Reserve would hike interest rates next week. Exxon Mobil Corp shares finished up 1.3% after hitting an…
By Clark Mindock (Reuters) – Offshore drilling leases covering 1.7 million acres of federal waters in the Gulf of Mexico will remain in place after a federal appeals court said last year’s $430 billion Inflation Reduction Act, the biggest climate change package in U.S. history, mandated they be issued to the highest bidders. A three-judge…
By Ann Saphir, Hannah Lang and Chris Prentice (Reuters) – U.S. regulators on Friday put large banks on notice that tougher oversight is coming, after the Federal Reserve and Federal Deposit Insurance Corporation detailed their supervisory lapses before deposit runs caused the collapse of Silicon Valley Bank and Signature Bank in March. Though the banking…
By Lewis Krauskopf NEW YORK (Reuters) – Economically sensitive areas of the U.S. stock market are flashing warnings over growth, even as major equity indexes edge higher. The S&P 500 is up 8.6% for the year after gaining 1.5% in April, thanks to roaring year-to-date rallies in shares of Microsoft, Amazon and Google-parent Alphabet and…
By Sabrina Valle and Arunima Kumar HOUSTON (Reuters) – The two largest U.S. oil companies – Exxon Mobil Corp and Chevron Corp – are minting cash from booming oil and gas operations, but are splitting over what to do next. The pair on Friday posted first-quarter results that topped Wall Street forecasts as earnings soared….
By Brendan Pierson (Reuters) – A federal judge in Denver on Friday rejected a Catholic medical center’s bid to block Colorado from banning an unproven treatment meant to reverse the effects of a medication abortion drug. U.S. District Judge Daniel Domenico said there was no need to block the first-of-its-kind ban because the state has…
