Reuters USA

By David Shepardson WASHINGTON (Reuters) – A leading U.S. Senate Democrat on Wednesday said Denver International Airport CEO Phil Washington has what it takes to “move a big bureaucracy” as the Federal Aviation Administration (FAA) looks to improve aviation safety, but Republicans questioned his limited aviation experience. At Washington’s nomination hearing, Senate Commerce Committee chair …

US Senate Democrats back Biden’s FAA nominee, Republicans question his experience Read More »

By Brendan Pierson (Reuters) -A California couple sued a Pasadena-based fertility clinic on Wednesday, saying it allegedly implanted an embryo carrying a rare gene that causes deadly stomach cancer and then falsified records to cover up its mistake. In their lawsuit against HRC Fertility, filed in Los Angeles Superior Court, Jason and Melissa Diaz said …

California fertility clinic sued for using embryo with deadly cancer gene Read More »

By Patricia Zengerle WASHINGTON (Reuters) – A U.S. Senate committee will consider legislation next week that would repeal two authorizations for past wars in Iraq, Majority Leader Chuck Schumer said on Wednesday, in a renewed push to reassert Congress’ role in deciding to send troops into combat. The Senate Foreign Relations Committee will take up …

US Senate moves toward ending ‘forever war’ authorizations Read More »

(Reuters) – Tesla Inc Chief Executive Elon Musk is expected to lay out details of affordable electric cars at the company’s Investor Day on Wednesday in Texas, where he will unveil the EV maker’s “Master Plan 3.” Musk said making an affordable car has been his “dream” since joining the company. While Tesla has jump-started …

How Elon Musk has missed his targets on delivering affordable cars Read More »

By Abhirup Roy and Akash Sriram SAN FRANCISCO (Reuters) – U.S. electric vehicle startups are seeing an unsettling trend, with demand evaporating as potential customers look for deals or hold off on purchases altogether. Quarterly reports from several companies indicated weakening interest for many of their newer products, a bad sign for companies wrestling with …

EV startups from Lucid to Rivian see demand fade, supply chain issues linger Read More »

(Reuters) – Royal Bank of Canada (RBC) said on Wednesday it expected a softer landing for the economy, but the country’s largest lender reiterated its forecast of a moderate recession this year after setting aside bigger provisions for potential bad loans. The views come against the backdrop of the Bank of Canada hiking its key …

Canada’s RBC reiterates forecast for moderate recession after profit beat Read More »

WASHINGTON (Reuters) – U.S. manufacturing contracted for a fourth straight month in February, but there were signs that factory activity was starting to stabilize, with a measure of new orders pulling back from more than a 2-1/2 year low. The Institute for Supply Management (ISM) said on Wednesday that its manufacturing PMI was little changed …

U.S. manufacturing sector contracts in February -ISM Read More »

BRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad said on Wednesday that the country’s high interest rate is the primary obstacle to economic growth, adding that recent government measures such as reinstating fuel taxes would pave the way to monetary easing. In an interview with news portal UOL, he said he believed this was the …

Brazil’s Haddad says high interest rate is country’s main issue Read More »

By Deborah Mary Sophia (Reuters) -Lowe’s Cos Inc forecast full-year sales below market expectations on Wednesday, hammered by weak demand for home improvement products as customers save up cash for higher-priced everyday essentials. Shares dropped nearly 3% in early trading as the company posted a bigger-than-expected drop in quarterly same-store sales due to a decline …

Lowe’s sees 2023 sales below market view on sagging demand Read More »