WASHINGTON (Reuters) – U.S. small business confidence rebounded in May, but worries about the economy’s outlook and inflation remained, according to a survey released on Tuesday that also showed businesses still eager to hire more workers. The National Federation of Independent Business (NFIB) said its Small Business Optimism Index rose 0.4 point to 89.4 last…
By Paul Lienert and Joseph White DETROIT (Reuters) – General Motors has signaled in a series of recent announcements on plant retoolings that it plans to keep its largest and most profitable combustion trucks and SUVs in production longer than expected – another 10 to 12 years, according to analysts and suppliers. This should enable…
By David Lawder LIMA (Reuters) – World Bank President Ajay Banga wants the lender to focus on more “scalable, replicable” projects across Latin America and elsewhere for transport and infrastructure and digitization of government and financial services to speed development. Banga, on his first foreign trip since taking office, told Reuters on Monday that he…
By Sarah N. Lynch WASHINGTON (Reuters) – U.S. Special Counsel Jack Smith has said former President Donald Trump will have a “speedy trial” in Miami on a 37-count indictment charging him with willfully retaining classified government records and obstructing justice. But the complexities of handling highly classified evidence, the degree to which Trump’s legal team…
By Brendan Pierson (Reuters) – Jurors in an upcoming trial in the case of a man who said he suffered chronic pain and other injuries from hernia repair mesh made by Becton, Dickinson and Co’s C.R. Bard Inc unit will not be allowed to hear about a 2011 fire in one of the company’s factories,…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Many bond investors are keeping a defensive stance in managing their portfolios ahead of this week’s Federal Reserve policy meeting, as they brace for the end of the monetary policy tightening cycle this year and possible interest rate cuts sometime in 2024. Investors widely expect the U.S. central bank’s…
BEIJING (Reuters) -A Chinese state-affiliated social media commentator accused the United States on Tuesday of playing tricks and creating an “illusion” that it is eager to engage, days before an expected visit by U.S. Secretary of State Antony Blinken. The lead up to the high-stakes visit has been marred by new U.S. accusations of Chinese…
By Guy Faulconbridge and Elena Fabrichnaya MOSCOW (Reuters) -The end of the dominance of the U.S. dollar is nigh as the Chinese yuan rises and the rest of the world sees the peril of the West’s failed attempt to bring Russia to its knees over Ukraine, one of Moscow’s most powerful bankers told Reuters. Andrei…
(Reuters) – Former 100 metres world champion Tori Bowie died from complications during childbirth, U.S. media reported. The American, who won gold, silver and bronze medals at the Rio Games in 2016 and was crowned world champion a year later, died on May 3 at the age of 32. An autopsy report from the Orange…
By Brendan O’Brien and Jarrett Renshaw PHILADELPHIA (Reuters) -Human remains were recovered on Monday from a fallen overpass on Interstate 95 in Philadelphia as crews removed concrete debris from the site of a fiery weekend highway collapse that closed a stretch of one of the busiest traffic corridors along the U.S. East Coast. The section…
