Reuters USA

By Nichola Groom and Valerie Volcovici LOS ANGELES/WASHINGTON (Reuters) – The Biden administration is approving a scaled-back version of ConocoPhillips’ $7 billion oil and gas drilling Willow project in Alaska, the U.S. Department of Interior said on Monday, drawing cheers from Alaskan officials and the oil industry but criticism from environmental advocates. The decision follows …

Biden administration approves massive Willow oil project in Alaska Read More »

By Brendan Pierson (Reuters) – A hearing in a lawsuit by anti-abortion groups seeking to ban the abortion pill mifepristone nationwide will take place on Wednesday, with media groups pressing the judge for greater transparency. At Wednesday’s hearing, U.S. District Judge Matthew Kacsmaryk in Amarillo will consider whether to temporarily halt all sales of the …

Texas judge sets hearing in case seeking to ban abortion pill nationwide Read More »

By Hannah Lang, Chris Prentice and Pete Schroeder WASHINGTON (Reuters) -The weekend collapse of Silicon Valley Bank sparked a partisan battle in Washington on Monday, with Democrats arguing that a Trump-era change to bank oversight rules undermined the stability of regional banks, claims that Republicans rejected. Democratic President Joe Biden called on Congress and banking …

US bank collapse sparks fresh oversight fight in divided Congress Read More »

By Kanishka Singh and David Morgan WASHINGTON (Reuters) -U.S. Senate Republican leader Mitch McConnell was released from a hospital and will continue receiving treatment at a rehabilitation facility, his office said on Monday after one of Washington’s most powerful figures suffered a fall last week. McConnell’s recovery from a concussion is proceeding well, his office …

Top U.S. Republican McConnell to move to rehab after being released from hospital Read More »

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. After the crash, bang, and wallop of two U.S. banks collapsing and regulators steaming in with emergency measures late on Sunday to prevent contagion from sweeping through markets, the sound you hear now is the screech of economists …

Marketmind: Markets now banking on no more Fed hikes Read More »

(Reuters) – Activist investor Carl Icahn on Monday launched a proxy fight at Illumina Inc, arguing the company’s takeover of Grail Inc had cost shareholders about $50 billion since the closing of the deal. Shares of Illumina jumped 18% to $228.97 in morning trade. Icahn plans to nominate three people to Illumina’s board at the …

Activist investor Icahn launches proxy battle at Illumina Read More »

By Michael S. Derby NEW YORK (Reuters) – Near-term expectations for the future of inflation in the U.S. economy last month fell to levels last seen nearly two years ago, the Federal Reserve Bank of New York said Monday. In its latest Survey of Consumer Expectations, the bank said that in February, respondents projected inflation …

NY Fed: February near-term inflation expectations retreat sharply Read More »

By Jonathan Stempel (Reuters) – Evoqua Water Technologies Corp will pay an $8.5 million fine to settle U.S. Securities and Exchange Commission (SEC)charges that the water treatment company used improper accounting to fraudulently inflate revenue in 2017 and 2018, including during its initial public offering. The SEC said on Monday that its civil settlement with …

Evoqua Water to pay $8.5 million to settle U.S. SEC accounting fraud charges Read More »

By Tom Wilson and Shubham Kalia LONDON (Reuters) -Major cryptocurrencies stabilised on Monday after U.S. authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB) and the issuer of the USD Coin stablecoin said it remained redeemable with the dollar. U.S. authorities launched emergency measures on Sunday to shore up …

Major crypto coins stabilise after U.S. intervenes on SVB collapse Read More »