By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks rallied on Thursday, as Treasury yields pulled back from earlier highs following comments from Atlanta Federal Reserve President Raphael Bostic about his favored path of interest rate hikes for the central bank. In an argument for quarter-point hikes, Bostic said he favored “slow and steady” as …
TOKYO (Reuters) – Japan’s jobless rate fell to 2.4% in January, while the availability of jobs fell for the first time in nearly 2-1/2 years, government data showed on Friday. The seasonally adjusted unemployment rate was lower than economists’ median forecast of 2.5% in a Reuters poll. The jobs-to-applicants ratio fell to 1.35 from December’s …
By Karen Freifeld (Reuters) -Two Americans were arrested in Kansas City on Thursday for an alleged scheme to send aviation-related technology to Russia in violation of U.S. export controls. Cyril Buyanovsky, 59, and Douglas Robertson, 55, are accused of conspiring to circumvent U.S. export laws by selling avionics to customers around the world that operate …
Americans arrested for allegedly sending aviation technology to Russia Read More »
By Moira Warburton and David Morgan WASHINGTON (Reuters) -President Joe Biden said on Thursday he would sign a Republican-led bill that would overturn recent changes to Washington, D.C.’s laws which lowered penalties for some crimes, should it pass in the U.S. Senate. “I support D.C. statehood and home rule, but I don’t support some of …
Biden says he would sign Republican bill overturning Washington, DC, crime laws Read More »
By Kanishka Singh WASHINGTON (Reuters) -U.S. Senator Dianne Feinstein, a trailblazer for women in American politics who recently announced she will not seek re-election in 2024, said on Thursday she was receiving treatment for shingles in a California hospital. Feinstein was diagnosed with the virus in February and is expected to make a full recovery, …
US Senator Dianne Feinstein hospitalized with shingles, expects full recovery Read More »
By Moira Warburton WASHINGTON (Reuters) – A U.S. Senate committee on Thursday approved President Joe Biden’s nominee to head up the Internal Revenue Service (IRS), clearing the way for a vote by the full Senate. The Senate Finance Committee voted 17-9 to approve Daniel Werfel, a longtime federal budget official and former acting commissioner of …
U.S. Senate committee approves Biden nominee to head IRS Read More »
By Moira Warburton and Eric Beech WASHINGTON (Reuters) -The U.S. House of Representatives Ethics Committee said on Thursday it had opened an investigation into Republican congressman George Santos, who has admitted to lying about his resume but defied calls to step down. The panel voted on Tuesday to investigate whether Santos engaged in illegal activity …
U.S. House Ethics Committee opens probe of Republican congressman Santos Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Microsoft’s offer of licensing deals to rivals is likely to address EU antitrust concerns over its $69 billion acquisition of Activision, three people familiar with the matter said, helping it to clear a major hurdle. Microsoft announced the Activision bid in January last year, its biggest ever, to take …
Exclusive-Microsoft’s licensing offer likely to satisfy EU on Activision, sources say Read More »
By Uday Sampath Kumar (Reuters) -Best Buy Co Inc on Thursday joined peers with a cautious annual earnings forecast as uncertainty over the U.S. economic outlook tempers expectations for a recovery in demand for TVs, laptops and other electronic products. U.S. retailers offered bigger discounts than usual during the holiday season to stoke demand as …
Best Buy signals more pain for electronics retailers with muted profit forecast Read More »
(Corrects year of presidential election in paragraph 6) MEXICO CITY (Reuters) -A controversial overhaul of the body overseeing Mexico’s elections, backed by the country’s president but seen by critics as an attempt to weaken the electoral referee in the run-up to key elections next year, went into affect on Thursday. Tens of thousands took to …
Mexican electoral overhaul, backed by president, goes into force amid criticism Read More »
