By Mike Stone and Patricia Zengerle WASHINGTON (Reuters) – The United States plans to announce as soon as Wednesday a new $300 million military aid package for Ukraine that will for the first time include a short-range air-launched rocket, two U.S. officials said. The Hydra 70 is an air-launched unguided rocket made by General Dynamics….
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador will meet with White House Homeland Security adviser Elizabeth Sherwood-Randall Tuesday morning in Mexico, Lopez Obrador’s office confirmed on Monday. The Mexican leader said earlier Monday he would meet with a representative for U.S. President Joe Biden to discuss migration, without saying who. On May…
(Reuters) – Shares of major U.S. regional banks fell further on Tuesday in the aftermath of the collapse of First Republic Bank, the largest U.S. bank failure since the 2008 financial crisis. JPMorgan Chase & Co on Monday bought a majority of First Republic Bank’s assets. Here is what analysts are saying about the sell-off…
By Scott DiSavino NEW YORK (Reuters) -Oil prices sank about 5% to a five-week low on Tuesday on concerns about the economy as U.S. politicians discuss ways to avoid a debt default and investors prepare for more rate hikes this week. Brent futures fell $3.99, or 5.0%, to settle at $75.32 a barrel, while West…
By Karen Brettell NEW YORK (Reuters) – The dollar fell Tuesday after data showed that U.S. job openings fell in March, a day before the Federal Reserve is expected to hike interest rates by an additional 25 basis points. U.S. job openings fell for a third straight month and layoffs increased to the highest level…
By Valerie Volcovici, Timothy Gardner and Jeff Mason WASHINGTON (Reuters) -The White House will support Senator Joe Manchin’s bill introduced on Tuesday to speed energy project permits, because it would help clean power companies use vast incentives in President Joe Biden’s climate law, adviser John Podesta said. Despite recent calls by Manchin, a conservative West…
By Arshreet Singh (Reuters) – U.S. lithium miners Albemarle and Livent are expected to report a rise in quarterly profit this week, but investor focus will likely be on how they plan to navigate the slide in prices for the metal used in electric-vehicle batteries. Strong demand for EVs and limited supply of the metal…
By Howard Schneider WASHINGTON (Reuters) – A continued drop in job openings and a dip in the rate at which workers are quitting have kept alive, for now, a key Federal Reserve narrative that the economy can slow without a major crack in employment. New data for March showed the ratio of job openings to…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings fell for a third straight month in March and layoffs increased to the highest level in more than two years, suggesting some softening in the labor market that could aid the Federal Reserve’s fight against inflation. Still, the labor market remains tight, with the monthly Job…
By Leah Douglas WASHINGTON (Reuters) – The Biden administration will defend funding for climate-smart farming in the $430 billion U.S. Inflation Reduction Act (IRA) if Republican lawmakers seek to cut it during negotiations for the next farm bill, an official said Tuesday. The IRA, which aims to cut emissions across the U.S. economy, includes $20…
