By Trevor Hunnicutt and Jeff Mason WASHINGTON (Reuters) -President Joe Biden and Republican House Speaker Kevin McCarthy held initial talks on Wednesday about raising U.S. government borrowing limits in a first test of how the two will work together, with both sides agreeing to talk more. The White House said after the meeting that Biden …
McCarthy: We can find ‘common ground’ with Biden over U.S. debt ceiling Read More »
By Davide Barbuscia and Lewis Krauskopf (Reuters) – A more dovish-than-expected message from Federal Reserve Chairman Jerome Powell stands to further boost hopes of slowing rate hikes and a so-called economic soft landing that have fueled a powerful rebound in U.S. stocks. For weeks, hopes that easing inflation and cooling growth will allow the Fed …
Analysis: Fed feeds Wall Street’s soft landing hopes, though recession fears still loom Read More »
LIMA (Reuters) -Peru’s Congress on Wednesday rejected a proposal to move elections forward to December 2023 despite nearly two months of protests that have left dozens dead following the ousting of former President Pedro Castillo. Lawmakers will continue debating a different proposal to hold early elections, a key demand of the protesters. But Peru’s Congress …
Peru’s Congress fails to agree on holding early elections Read More »
By Alyssa Pointer MEMPHIS, Tenn. (Reuters) -The relatives of Black people killed by police in cities across the United States came to Tyre Nichols’ funeral in a Memphis church on Wednesday to offer comfort to the family of the Black 29-year-old, who was fatally beaten by officers last month. Speaking over a flower-bedecked casket at …
Mourners call for end to police violence at Tyre Nichols funeral Read More »
GAZA (Reuters) -The Israeli military said it struck in Gaza overnight on Thursday, hours after it intercepted a rocket launched from Gaza and following appeals from the United States for all sides to calm escalating violence in Israel and the occupied West Bank. There were no immediate reports of serious casualties. The military said its …
Israel hits Gaza after rocket fire despite U.S. appeal for calm Read More »
By David Shepardson WASHINGTON (Reuters) -U.S. Republican Representative Mike Gallagher met with TikTok on Wednesday about the Chinese-owned short video app’s U.S. data security plans but still plans to seek to ban TikTok in the United States, a spokesperson for the lawmaker said. Gallagher, the Republican chair of a U.S. House of Representatives select committee …
Republican U.S. lawmaker meets with TikTok, but unpersuaded Read More »
(Reuters) – Pinterest Inc is laying off about 150 employees, or less than 5% of its total workforce, Bloomberg News reported on Wednesday, joining a flurry of technology companies that are firing workers to cut costs. The digital-search company that lets users create online pinboards informed the impacted employees on Wednesday, the report said, citing …
By Anthony Boadle and Maria Carolina Marcello BRASILIA (Reuters) -Brazil’s Congress on Wednesday re-elected the leaders of both chambers who were backed by leftist President Luiz Inacio Lula da Silva, a victory that will help him advance his legislative agenda and curb the influence of his right-wing opponents. Senator Rodrigo Pacheco defeated an ally of …
Brazil’s Congress re-elects leaders in victory for Lula Read More »
By Brendan Pierson (Reuters) – West Virginia’s only abortion clinic and the clinic’s primary doctor on Wednesday filed a lawsuit challenging the near-total abortion ban passed by the state last year, saying it violates patients’ constitutional rights. In their complaint in the Charleston, West Virginia federal court, Women’s Health Center of West Virginia and the …
West Virginia clinic, doctor sue over state’s new abortion ban Read More »
By David Shepardson WASHINGTON (Reuters) – A group representing major U.S. airlines on Wednesday blasted White House proposals on competition in the industry as “short-sighted” and said they would “drive-up costs and reduce choices” for consumers. The White House said on Wednesday the Transportation Department (USDOT) will propose new regulations to bar airlines from charging …
U.S. airline group blasts White House competition efforts Read More »
