WASHINGTON (Reuters) -U.S. Senate Majority Leader Chuck Schumer on Wednesday said he was “hopeful” that fellow Democrat Dianne Feinstein, the chamber’s oldest member who has been absent since February while receiving treatment for shingles, can return next week. Feinstein, 89, has not cast a vote since mid-February, effectively reducing her party’s narrow majority in the…
By Fergal Smith TORONTO (Reuters) – Greater Toronto Area (GTA) home prices increased in April from March as new listings posted a steep annual decline, adding to evidence that the housing market has turned a corner after being buffeted by sharply higher borrowing costs. The average price of a GTA home rose to C$1.153 million…
(This May 2 story has been refiled to say Marriott gets a ‘big portion,’ not ‘bulk’ of its revenue from outside the US, in paragraph 6) By Priyamvada C and Doyinsola Oladipo (Reuters) – Marriott International Inc reported better-than-expected first-quarter results on Tuesday as the U.S. hotel operator benefited from a global rise in occupancy…
By Tiyashi Datta (Reuters) -Investors dumped shares of Advanced Micro Devices Inc on Wednesday after its earnings report indicated that it was struggling with a PC slump and had failed to gain market share from larger rival Intel Corp in the latest quarter. The stock fell nearly 9%, wiping out more than $12 billion from…
By Mark Trevelyan (Reuters) -Russia accused Ukraine on Wednesday of attacking the Kremlin with drones overnight in an attempt to kill President Vladimir Putin – the most serious allegation that Moscow has levelled at Kyiv in more than 14 months of war. President Volodymyr Zelenskiy promptly denied any Ukrainian involvement, telling a press conference in…
By Gabriella Borter and Sharon Bernstein (Reuters) – State legislatures are wrestling with how much to restrict or expand abortion access after the U.S. Supreme Court overturned Roe v. Wade last year. Here is a snapshot of pending and passed legislation seeking to restrict or protect access in 2023, including details on a law that…
NEW YORK (Reuters) -Nvidia Corp short sellers have lost $5.09 billion so far this year as the stock has jumped more than 90%, according to financial data firm S3 Partners. The stock is the No. 1 losing equity short so far in 2023, followed by Apple and Tesla, the firm wrote Wednesday. Apple short sellers…
By Divya Rajagopal TORONTO (Reuters) -Barrick Gold Corp is not interested in bidding for the copper assets of Teck Resources Ltd as there are few synergies between the companies, CEO Mark Bristow said in an interview with Reuters on Wednesday. Bristow’s comments come at a time when Canadian mining company Teck has rebuffed a $22.5…
(Reuters) -Tesla Inc has resumed taking orders for its Model 3 long-range vehicle in the United States, the company’s website showed late on Tuesday, after a temporary halt last year due to delivery backlogs. The long-range version of the entry-level Model 3 is priced at $47,240 currently, about 18.5% less than the $57,990 it was…
By David Lawder WASHINGTON (Reuters) – Democratic U.S. lawmakers on Wednesday urged the U.S. Trade Representative and State Department to eliminate investor-state dispute settlement provisions from current and future trade deals and to intervene on behalf of Honduras against a U.S. company’s nearly $11 billion claim against the country. In a letter to Secretary of…
