By Saqib Iqbal Ahmed NEW YORK (Reuters) – Worries over a debt ceiling showdown are creeping into U.S. options markets, as investors grow increasingly concerned that lawmakers will be unable to hammer out a deal in coming weeks, potentially sparking stock volatility as a key deadline nears. Although concerns related to raising the $31.4 trillion…
By David Morgan and Katharine Jackson WASHINGTON (Reuters) -A Republican bill authorizing a $1.5 trillion increase to the U.S. debt ceiling, coupled with deep spending cuts over a decade, hit a snag late on Tuesday, as a key committee delayed advancing the legislation to the full House of Representatives for debate and passage. The House…
BOGOTA (Reuters) -Colombia’s President Gustavo Petro has asked his cabinet ministers to resign ahead of a reshuffle, two sources told Reuters late on Tuesday, as the leftist leader said he had lost his majority coalition in Congress. Petro’s decision followed upset in Colombia’s House of Representatives after a debate on the president’s controversial health reform…
By Khalid Abdelaziz KHARTOUM (Reuters) -Fighting flared anew in Sudan late on Tuesday despite a ceasefire declaration by the warring factions, as a U.N. envoy said the truce was partially holding even though there was no sign that the two sides were ready for serious talks. The Sudan Armed Forces (SAF) and paramilitary Rapid Support…
By Aditya Soni and Nivedita Balu (Reuters) -Star host Tucker Carlson’s abrupt exit from Fox News is likely to hit short-term ratings but could nudge more mainstream advertisers to consider a network they have snubbed for being too partisan, investors and analysts said. News of his departure on Monday wiped nearly $1 billion from the…
By Steve Gorman and Daniel Trotta (Reuters) – Most of the vast, scenic valley at the heart of Yosemite National Park in California will close to visitors this weekend in a rare shutdown prompted by forecasts of floods from rapid snowmelt. The closure will start at 10 p.m. on Friday and last at least until…
By Luis Jaime Acosta and Oliver Griffin BOGOTA (Reuters) -A summit meant to reinvigorate talks between the Venezuelan government of Nicolas Maduro and opposition political parties, attended by representatives from 19 countries and the European Union, produced no concrete results on Tuesday, though a further meeting was planned. The meeting in Bogota, hosted by Colombian…
By Sinéad Carew, Sruthi Shankar and Ankika Biswas (Reuters) – Wall Street’s major averages suffered their deepest declines so far this month as a downbeat UPS forecast exacerbated investor concerns about a slowing U.S. economy on Tuesday while plunging deposits at regional First Republic Bank added to jitters about the bank sector’s health. Shares in…
By Gabriella Borter CHAPEL HILL, North Carolina (Reuters) – In a bustling sunken courtyard at the center of the University of North Carolina’s Chapel Hill campus, a group of students handed out slips of papers with a warning for their peers. “Is diversity at UNC important to you? It’s under threat,” the handouts read. The…
LONDON (Reuters) – Britain’s biggest food bank network said the amount of emergency food parcels it distributed rose 37% to a record 3 million in the year to March as more people faced hardship in a cost-of-living crisis that shows little sign of easing. The Trussell Trust, which supports a network of 1,300 food bank…
