By Howard Schneider WASHINGTON (Reuters) – St. Louis Federal Reserve President James Bullard said on Friday he was ready to keep an “open mind” about whether to raise rates or hold them steady at the Fed’s June meeting, joining the “data dependent” stance of his colleagues after a year of urging them on to consecutive…
By Karen Brettell NEW YORK (Reuters) – The dollar gave back earlier gains against the euro but stayed stronger against the yen on Friday after jobs gains and wage growth for April beat economists’ forecasts but showed downward jobs revisions for March. Employers added 253,000 jobs, beating economists’ forecasts for a 180,000 gain. U.S. average…
By Felix Light and Caleb Davis (Reuters) -Russia’s main mercenary group announced plans on Friday to withdraw from the eastern Ukrainian city of Bakhmut, but Ukraine said the fighters were reinforcing positions to try to seize it before Russia marks World War Two Victory Day next week. Wagner Group leader Yevgeny Prigozhin said his men…
(Reuters) – American International Group Inc said on Friday it had delayed a secondary share sale in its life insurance and retirement business unit due to heightened market volatility fueled by the banking crisis. The U.S. insurer seeks to gradually reduce its stake in its Corebridge Financial Inc unit and had planned the share sale…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose on Friday but fell for the third straight week after a sharp fall earlier this week ahead of benchmark interest rate rises and on concern that the U.S. banking crisis will slow the economy and sap fuel demand. Brent crude closed $2.80, or 3.9% higher, at $75.30…
(Reuters) – Florida’s Senate on Thursday passed a bill that will allow a tourism board appointed by Governor Ron DeSantis to cancel development agreements its predecessor body signed, the latest salvo against the Walt Disney Co from the conservative leader. Under the bill, which now goes to DeSantis for signing into law, the Central Florida…
(Reuters) – Peloton Interactive Inc on Thursday said that it had identified a defect involving seat posts in its original stationary bike, with 12 reports of injuries, including one wrist fracture, as of April 30. Out of 2.4 million units sold in the U.S. and Canada as of April 30, there were 35 reports of…
By Ahmed Aboulenein and Julie Steenhuysen WASHINGTON (Reuters) -U.S. Centers for Disease Control and Prevention (CDC) Director Dr. Rochelle Walensky, a top health official who oversaw the agency’s contentious response to the COVID-19 pandemic, is leaving the institution at the end of June, the CDC said on Friday. Walensky led the institution for two years…
By David Shepardson WASHINGTON (Reuters) -Six U.S. senators on Friday urged the U.S. Postal Service (USPS) to delay implementing a new compensation system that they said would cut pay for tens of thousands of rural postal delivery workers. The senators — Democrats Ron Wyden, Elizabeth Warren, Sherrod Brown, Ed Markey and John Fetterman and independent…
By Arpan Chaturvedi and Siddhi Nayak NEW DELHI (Reuters) – Indian airline Go First’s effort to start insolvency proceedings has become ensnared in a tussle with aircraft lessors after they asked the aviation regulator to deregister some of its planes as a step towards taking them back. India’s first major airline collapse since 2019 underlines…
