By Stephen Culp NEW YORK (Reuters) – Wall Street ended lower on Friday as a barrage of mixed economic data appeared to affirm another Federal Reserve interest rate hike, dampening investor enthusiasm after a series of big U.S. bank earnings launched first-quarter reporting season. All three major U.S. stock indexes ended in the red, but…
By Andrew Chung WASHINGTON (Reuters) -U.S. Supreme Court Justice Samuel Alito on Friday temporarily halted lower court rulings that set limits on access to the abortion pill mifepristone, giving the nation’s top judicial body time to weigh a bid by President Joe Biden’s administration to defend the drug amid a challenge by anti-abortion groups. The…
By Andrea Shalal WASHINGTON (Reuters) -International Monetary Fund chief Kristalina Georgieva said on Friday that debtors and creditors made “tangible progress” on debt restructuring issues this week, but urged countries facing mounting debt problems to seek help earlier in the process. A new sovereign debt roundtable was helping to accelerate work on debt restructurings, Georgieva…
By Caroline Valetkevitch NEW YORK (Reuters) – As quarterly U.S. earnings got under way with upbeat reports from JPMorgan Chase & Co and other major banks Friday, analysts marginally brightened their dim outlook for first-quarter U.S. results compared with a week ago. Based on actual results from 30 of the S&P 500 companies and estimates…
By Graham Fahy and Steve Holland BALLINA, Ireland (Reuters) -U.S. President Joe Biden gave a rousing campaign-style speech to an exuberant crowd in his ancestral home town in the west of Ireland on Friday to wrap up a nostalgic three-day state visit ahead of what is expected to be a gruelling 2024 re-election bid. Biden…
By Gram Slattery MANCHESTER, N.H. (Reuters) – On issues of policy, Tim Scott, the latest Republican to declare he is interested in a 2024 presidential bid, runs largely with the current, following the party line on hot button matters from abortion to immigration. On issues of style, however, the only Black Republican in the U.S….
By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – Citigroup Inc’s hiring of Andy Sieg, the incoming head of its wealth management unit, underscores the lender’s ambitions in the business as well as the uphill climb it faces in gaining share in a competitive market. The 55-year-old executive, known for crisscrossing the country to…
By Alexandra Ulmer INDIANAPOLIS, Indiana (Reuters) – Former Vice President Mike Pence was booed at a gathering of the country’s largest gun rights lobby on Friday even as he sought to present himself as a more ardent defender of gun rights than his former boss Donald Trump. Trump, meanwhile, used the same forum on Friday…
By Dan Whitcomb (Reuters) – The tech executive charged with stabbing Cash App founder Bob Lee to death in San Francisco confronted him earlier in the evening about his ties to the suspect’s younger sister, prosecutors said on Friday in court documents that outlined a possible motive. Nima Momeni, 38, was arrested on Thursday and…
By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund’s steering committee on Friday said it would accelerate its discussions on quota reforms at the global lender with an eye to making “considerable progress” by its next meeting in October. Spanish Economy Minister Nadia Calvino, who chairs the International Monetary and Financial Committee…
