By Ted Hesson and Mike Blake SAN DIEGO (Reuters) -The Biden administration and Texas state government are sending reinforcements to the U.S.-Mexico border to prepare for a possible increase in illegal immigration when COVID-19 restrictions known as Title 42 are set to end on Thursday. Hundreds of specialized investigative agents and air marshals from the…
By Dietrich Knauth (Reuters) – Cryptocurrency exchange Bittrex Inc filed for bankruptcy protection on Monday, three weeks after the U.S. Securities and Exchange Commission (SEC) accused it of operating an unregistered securities exchange. Seattle-based Bittrex ceased operations in the United States on April 30, and it said the bankruptcy filing would not impact Bittrex Global,…
By David Morgan WASHINGTON (Reuters) – President Joe Biden and top Republicans and Democrats from Congress are set to sit down this week to try to resolve a three-month standoff over the $31.4 trillion U.S. debt ceiling and avoid a crippling default before the end of May. The Democratic president is calling on lawmakers to…
By Chavi Mehta (Reuters) -Palantir Technologies said on Monday it expects to turn a profit every quarter in 2023, betting on interest “unlike anything we have seen” in its new artificial intelligence platform, sending its shares up about 20% in extended trading. The new generative AI platform was launched two weeks ago and works on…
By Shreyashi Sanyal, Shristi Achar A and Carolina Mandl (Reuters) – U.S. stocks paused on Monday after a strong rally in the prior session as investors shift focus to a key inflation reading later this week. For most of the day, stocks struggled for direction amid disappointing earnings from Tyson Foods and Catalent and a…
By David Shepardson and Nandita Bose WASHINGTON (Reuters) -U.S. President Joe Biden on Monday said his administration is writing new rules that will require airlines to compensate passengers with cash for significant flight delays or cancellations when the carriers are responsible. “Our top priority has been to get American air travelers a better deal,” Biden…
(Reuters) – International Flavors & Fragrances cut its annual sales forecast and reported a quarterly loss on Monday, compared with a year-ago profit, as soaring inflation raises its costs. The company, which supplies food and pharmacy solutions to manufacturers, has seen the cost of raw materials and energy jump, while soaring inflation has forced end-users…
By Daniel Wiessner (Reuters) – A union for U.S. federal government employees filed a lawsuit on Monday claiming a law setting a $31.4 trillion debt ceiling is unconstitutional as political leaders seek to avoid a historic default expected as soon as next month. The National Association of Government Employees (NAGE) says the debt limit law…
By David Shepardson WASHINGTON (Reuters) -A group of seven U.S. senators on Monday questioned Tesla Inc’s use of forced arbitration clauses in employee and consumer contracts, arguing that they prevent bringing discrimination claims and consumer safety complaints to court. The letter, whose authors include Senator Richard Blumenthal, a Democrat, to CEO Elon Musk cited numerous…
By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -A gauge of global equity markets rose and the dollar was mostly flat on Monday as expected talks in Washington about the debt ceiling raised concerns, while U.S. inflation data later this week should add clarity on Federal Reserve monetary policy. Treasury yields rose on increased…
