By Laura Sanicola (Reuters) -Oil prices settled lower on Wednesday, pressured by a stronger U.S. dollar and weak data from top oil importer China that fed demand fears. Brent crude futures for August delivery settled down $1.11 to $72.60 a barrel. U.S. West Texas Intermediate crude (WTI) settled down $1.37, or 2%, to $68.09. At…
(Reuters) -Billionaire hedge fund manager Bill Ackman said Jamie Dimon should run for president in the next U.S. elections after the JPMorgan Chase & Co CEO expressed his interest in pursuing a public office. “I love my country, and maybe one day I’ll serve my country in one capacity or another,” Dimon said in an…
WASHINGTON (Reuters) – President Joe Biden expects to have the debt ceiling bill on his desk by June 5, before the U.S. runs out of money to pay its bills, White House spokesperson Karine Jean Pierre said on Wednesday. (Reporting By Trevor Hunnicutt and Jarrett Renshaw; Editing by Chris Reese)
(Reuters) – Federal Reserve Bank of Philadelphia President Patrick Harker said on Wednesday that for the moment he is inclined to support a “skip” in interest rate hikes at the central bank’s next meeting in June, although economic data due soon could change his mind. “I am in the camp increasingly coming into this meeting…
WASHINGTON (Reuters) – Amazon.com agreed to pay $25 million to settle allegations that it violated children’s privacy rights with its Alexa voice assistant, according to a court filing on Wednesday. (Reporting by Diane Bartz and David Shepardson)
By Ana Isabel Martinez MEXICO CITY (Reuters) – Mexico’s president took office in late 2018 pledging to boost local output of gasoline while phasing out imports, but so far state refineries have instead set a different course: bumper production of highly-contaminating fuel oil. To make Mexico self-sufficient, leftist resource nationalist President Andres Manuel Lopez Obrador…
By Anne Kauranen ROVAJARVI, Finland (Reuters) – NATO countries are in the middle of Arctic military manoeuvres, vowing on Tuesday to defend their newest member, Finland, which is hosting its first joint NATO exercise in the region since becoming the 31st member of the Western alliance in April. The addition of Finland doubles the length…
By Trevor Hunnicutt WASHINGTON (Reuters) – The White House on Wednesday announced the latest in a series of aid packages for Ukraine that includes up to $300 million worth of air defense systems, ammunition and other defense equipment. The security assistance package represents the 39th drawdown of equipment from the Department of Defense inventories, the…
By Hyonhee Shin and Chang-Ran Kim SEOUL/TOKYO (Reuters) – A North Korean satellite launch on Wednesday ended in failure, sending the booster and payload plunging into the sea, North Korean state media said, and the South’s military said it had recovered parts of the launch vehicle. The new “Chollima-1” satellite launch rocket failed because of…
By Tyler Clifford NEW YORK (Reuters) – Manhattan District Attorney Alvin Bragg on Tuesday moved to block former President Donald Trump’s attempt to persuade a federal court to take over a state criminal case in which he is charged with falsifying business records connected to a hush money payment allegedly made prior to the 2016…
