Reuters USA - Squid Business

Nikki Haley, once Trump’s UN ambassador, to take him on in 2024

By Gram Slattery and Trevor Hunnicutt WASHINGTON (Reuters) -Former South Carolina Governor Nikki Haley will kick off her campaign for the 2024 Republican presidential nomination this month, squaring off against her one-time boss, Donald Trump, two sources familiar with her plans said on Wednesday. The move would make her just the second declared Republican candidate …

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Factbox-U.S. debt ceiling: A straightforward vote is not the usual path

(Reuters) – The White House wants Congress to raise U.S. borrowing limits without conditions, but if years past are any indication, spending cuts and other legislation will factor in the haggling that usually accompanies the effort. CREATION OF THE DEBT CEILING Congress has always placed restrictions on federal debt as part of its U.S. Constitutional …

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GSK beats expectations, shingles vaccine bolsters outlook

By Maggie Fick and Natalie Grover (Reuters) – GSK on Wednesday beat fourth-quarter profit and sales forecasts helped by sales of its blockbuster shingles vaccine Shingrix and unveiled an upbeat forecast for 2023. The positive outlook and strong Q4 results are the latest endorsement of chief executive Emma Walmsey’s spin-off last year of consumer business …

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Judge bars Bankman-Fried from contacting FTX employees, using Signal

NEW YORK (Reuters) -A U.S. judge on Wednesday temporarily barred FTX founder Sam Bankman-Fried from contacting current or former employees of the cryptocurrency exchange or his Alameda Research hedge fund, and from using encrypted messaging tools including Signal. The ruling by U.S. District Judge Lewis Kaplan came after federal prosecutors in Manhattan said Bankman-Fried might …

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Blackstone real estate income trust hit monthly redemption limit in January

(Reuters) -Blackstone Inc’s $69 billion real estate income trust (BREIT) hit its monthly redemption limit in January, piling pressure on the flagship fund that has been attempting to regain investor confidence after an unprecedented blow last year. In a letter to investors on Wednesday, the BREIT said it fulfilled repurchase requests for 2% of its …

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Snap’s earnings may hold positive news for Meta, Google

By Sheila Dang and Nivedita Balu (Reuters) – A rise in a key advertising metric for Snap Inc that reported an otherwise insipid quarter could bode well for Facebook owner Meta Platforms and Alphabet, analysts said on Wednesday. Shares of the Snapchat owner fell 13% on a dour revenue forecast, which the company blamed on …

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U.S. job openings unexpectedly increase in December

WASHINGTON(Reuters) – U.S. job openings unexpectedly rose in December, showing demand for labor remains strong despite higher interest rates and mounting fears of a recession, potentially keeping the Federal Reserve on its policy tightening path. Job openings, a measure of labor demand, increased 572,000 to 11.0 million on the last day of December, the Labor …

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Humana profit beats estimates as investment income exceeds expectations

By Khushi Mandowara and Leroy Leo (Reuters) -Humana Inc on Wednesday beat Wall Street estimates for quarterly profit as the health insurer’s investment income jumped, even as the company reported higher-than-expected medical costs. Humana’s fourth-quarter benefit expense ratio, or the percentage of payout on claims compared to its premiums, fell by 1 percentage point to …

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Tesla directors to testify in ‘funding secured’ trial

By Hyunjoo Jin and Jody Godoy (Reuters) – Tesla Inc board members are expected to take the stand on Wednesday to defend against claims that Elon Musk misled investors when he tweeted in 2018 he had “funding secured” to take the company private. The trial in San Francisco federal court is testing whether the world’s …

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IMF tells Latin America’s wealthy to pay fair share of taxes

By Rodrigo Campos NEW YORK (Reuters) – Latin America and the Caribbean will face rising poverty and food insecurity in 2023, and trust in government will remain low as long as corruption remains high and the wealthy do not pay their fair share in taxes, the International Monetary Fund said on Wednesday. Latin America’s slowing …

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