WASHINGTON (Reuters) -Texas won the latest round in its antitrust lawsuit against Alphabet’s Google on Monday as a U.S. judicial panel ordered the case returned to federal court in Texas. At Google’s request the lawsuit had been moved in August 2021 to a federal court in New York, where other advertising technology cases were being…
By Tim Reid (Reuters) – A growing number of contenders for the 2024 Republican presidential nomination could clear the way for a Donald Trump victory while throwing up roadblocks for his main rival Florida Governor Ron DeSantis, party members and strategists said. Republicans who fear Trump is too polarizing a figure to beat Democratic President…
WASHINGTON (Reuters) -The White House said on Monday that actions by China in the Taiwan Strait and South China Sea reflect a “growing aggressiveness” by Beijing’s military that raises the risk of an error where someone gets hurt. The U.S. Navy on Sunday released a video of what it called an “unsafe interaction” in the…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose on Monday after the world’s top exporter Saudi Arabia pledged to cut production by a further 1 million barrels per day (bpd) from July to counter macroeconomic headwinds that have depressed markets. Brent crude futures settled up 58 cents at $76.71 a barrel, after touching a…
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Monday on news that the U.S. services sector barely grew in May as new orders slowed, ending an initial rally sparked by strong jobs growth. The Institute for Supply Management (ISM) said its non-manufacturing PMI fell to 50.3 last month from 51.9 in April….
NEW YORK (Reuters) – Investors are bracing for a wave of U.S. government bond issuance as the Treasury plans to refill its depleted coffers quickly after the recent suspension of the debt limit. The Treasury General Account has fallen sharply since January when Treasury hit its limit on borrowing. Cash balance targets indicate it will…
By Patricia Zengerle WASHINGTON (Reuters) – Members of a U.S. House of Representatives committee will be able to view a classified cable related to the August 2021 withdrawal from Afghanistan, the committee said on Monday, ending a threat to file contempt charges against Secretary of State Antony Blinken. Republican Representative Michael McCaul, chairman of the…
(Reuters) – Cava Group Inc, which operates a chain of Mediterranean fast-casual restaurants in the United States, said on Monday it is aiming for a valuation of up to $2.12 billion in its U.S. initial public offering. The company intends to sell roughly 14.44 million shares priced between $17 and $19 apiece in the offering,…
WASHINGTON (Reuters) – The U.S. services sector barely grew in May as new orders slowed, pushing a measure of prices paid by businesses for inputs to a three-year low, which could aid the Federal Reserve’s fight against inflation. Meanwhile, factory orders rose for a second straight month in April, but aside from a jump in…
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury said it can now meet the federal government’s payment obligations after a debt ceiling suspension, following earlier warnings that it would run short of funds on Monday if Congress failed to act. “Now that Congress has acted to suspend the debt limit, Treasury has the tools…
