By Jacqueline Thomsen WASHINGTON (Reuters) -Jabari Wamble, U.S. President Joe Biden’s pick for a federal judgeship in Kansas, asked on Tuesday to have his nomination withdrawn from consideration in the Senate, a letter obtained by Reuters showed. He became the second Biden judicial nominee to drop out in as many weeks. Michael Delaney, a former…
By Davide Barbuscia NEW YORK (Reuters) – Rating agency Moody’s expects the U.S. government will continue to pay its debts on time, but public statements from lawmakers during the debt ceiling negotiations could prompt a change in its assessments of the U.S. credit outlook before a potential default, a senior analyst said. Investors use credit…
(Reuters) – U.S. companies borrowed nearly 8% less in April than last year to finance equipment investments, industry body Equipment Leasing and Finance Association (ELFA) said on Wednesday. The companies signed up for new loans, leases and lines of credit worth $9.7 billion last month, compared with $10.5 billion a year earlier. “It is not…
(Reuters) – Union Pacific Corp and the Brotherhood of Locomotive Engineers and Trainmen on Wednesday reached a tentative deal for the U.S. railroad operator’s locomotive engineers. Union Pacific, which employs around 5,600 locomotive engineers represented by BLET, said that the tentative agreement provides locomotive engineers to work for 11 days and take off for four…
By Arriana McLymore NEW YORK, NY (Reuters) – Amazon.com Inc investors voted against all 18 shareholder-led proposals during the e-commerce giant’s annual meeting on Wednesday, a preliminary tally by the company showed. The total exceeded Amazon’s 2022 record of 15 as environmental, social and governance (ESG)-focused investors pushed for changes ranging from warehouse workers rights,…
WASHINGTON (Reuters) – The International Monetary Fund said on Wednesday its executive board completed the first reviews of Rwanda’s loan program under the Resilience and Sustainability Facility and an accompanying policy program, allowing for an immediate, $98.6 million disbursement. In a statement, the Fund said Rwanda’s economy had robust growth in 2022 but faced challenges…
By Jack Queen (Reuters) – Rapper Fetty Wap was sentenced on Wednesday to six years in prison after pleading guilty in New York federal court to participating in a large-scale drug distribution ring. The “Trap Queen” rapper, whose legal name is William Maxwell, admitted to distributing 25 kilograms (55 pounds) of cocaine. Prosecutors said he…
By Patricia Zengerle WASHINGTON (Reuters) -A new U.S. congressional committee on China approved reports on Wednesday pushing back on Beijing over its treatment of Uyghurs and other ethnic minorities and seeking to deter the initiation of a conflict with Taiwan, hoping some of its recommendations become law this year. Members of the Republican-led House of…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose 2% on Wednesday, after a large unexpected drawdown in U.S. crude inventories and a warning from the Saudi energy minister that raised the prospect of further OPEC+ production cuts. Brent crude futures rose $1.52, or 2%, to settle at $78.36 a barrel. U.S. West Texas Intermediate…
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve officials “generally agreed” last month that the need for further interest rate increases “had become less certain,” with several saying that the quarter-percentage-point hike they approved might be the last, according to minutes of the May 2-3 meeting released on Wednesday. Others cautioned the U.S. central bank…
