NEW DELHI (Reuters) – The United States is set to remove obstacles that prevent smoother trade with India in critical areas such as defence and high technology, U.S. National Security Advisor Jake Sullivan said on Tuesday. Washington sees New Delhi as a vital partner in its efforts to push back against China’s expanding influence worldwide,…
By Valerie Insinna (Reuters) – Boeing delivered 50 jets in May, 13 fewer than European rival Airbus, but a 43% improvement on the same month last year. Deliveries of the cash-generating Boeing 737 MAX increased to 35 jets in May, Boeing said Tuesday. The company handed over only 17 MAXs to customers the prior month,…
By Noel Randewich and Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla has tapped the brakes on aggressive job advertising in recent weeks since CEO Elon Musk directed executives to obtain his sign off on all new hires, a Reuters analysis shows. The small dip in ads on its website demonstrates the electric car maker’s efforts…
By Clark Mindock (Reuters) – The first trial in several U.S. climate change cases brought by youths kicked off on Monday in Montana, where sixteen young people are seeking to hold the state accountable for fossil fuel-friendly policies they claim exacerbate global warming and threaten their futures. Roger Sullivan, an attorney for the young plaintiffs,…
By Howard Schneider WASHINGTON (Reuters) -Hotel executives see no letup in demand even with the Federal Reserve trying to stomp on spending. Air travel is hovering near or above 2019 levels, restaurant attendance is holding up, and based on the most recent Fed household data U.S. consumers likely still have a few hundred billion dollars…
By Jack Queen (Reuters) – Here is a look at the charges former President Donald Trump faces and his possible defenses over what prosecutors say was his illegal retention of classified documents at his Florida estate after leaving the White House in 2021. WHAT IS TRUMP ACCUSED OF DOING? Trump was charged in an indictment…
(Reuters) -Federal Reserve policymakers are seen as far more likely to skip raising interest rates this week after government data Tuesday showed consumer price gains, while still too hot for comfort, slowed last month a bit more than expected. Traders of futures tied to the Fed’s policy rate now see about a 95% chance the…
WASHINGTON (Reuters) – U.S. President Joe Biden hailed Tuesday’s inflation data as “good news for hard working families” and said there was more work to do to bring down the cost of living in the country, according to a statement released by the White House. U.S. consumer prices barely rose in May and the annual…
NEW YORK (Reuters) – Wells Fargo & Co expects an upside in net interest income going ahead, Chief Financial Officer Mike Santomassimo said on Tuesday. The bank had earlier issued guidance for a 10% higher net interest income this year, more than the full-year 2022 level of $45 billion. Santomassimo, who was speaking at a…
By Nell Mackenzie LONDON (Reuters) -Odey Asset Management (OAM) is closing one fund and restricting money clients can pull from another, two investor letters showed, just as the hedge fund was scrambling on Tuesday to keep its prime brokers from ending vital relationships with the firm. These developments follow allegations of sexual misconduct by its…
