Reuters USA

Texas Instruments signals expanding pain for chipmakers with somber forecast

By Chavi Mehta (Reuters) – Texas Instruments forecast first-quarter revenue and profit largely below Wall Street targets on Tuesday, as an economic downturn threatens to shackle demand from the chipmaker’s so far resilient markets. Smartphones and personal computing products were the first to feel the pinch of customers cutting back on discretionary spending as interest …

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New Zealand inflation remains high but not as bad as central bank expected

By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s consumer inflation held near three-decade highs last quarter but came in below the central bank’s forecast, prompting some analysts to bet that cash rate increases over the coming months might be less aggressive than previously thought. Annual inflation ran at 7.2% in the fourth quarter unchanged from …

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Canada needs to be ‘fiscally prudent’ in budget, finance minister says

By Steve Scherer OTTAWA (Reuters) -Canadian Finance Minister Chrystia Freeland said on Tuesday her approach to this year’s budget, due out sometime this spring, would be carefully calibrated due to a high level of uncertainty in the global economy. “There is still a lot of uncertainty in the world economy, and that means that we …

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McConnell: U.S. debt limit solution must come from Biden, McCarthy

WASHINGTON (Reuters) – Any agreement to address the U.S. debt ceiling and avoid a first-ever default by Washington will have to come from President Joe Biden and House of Representatives Speaker Kevin McCarthy, the top Senate Republican said on Tuesday. Senate Minority Leader Mitch McConnell, who has played an integral role in debt ceiling negotiations …

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Charging decision in Trump election case ‘imminent,’ Georgia prosecutor says

By Joseph Ax (Reuters) -A Georgia prosecutor investigating Donald Trump’s efforts to overturn his defeat in the state’s 2020 presidential election told a judge on Tuesday that decisions on whether to bring criminal charges are “imminent.” Fani Willis, the Fulton County district attorney, spoke at a hearing on whether to publicly release the final report …

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White House: DOJ searched Biden home after ‘voluntary, proactive offer’ by lawyers

By Steve Holland, Nandita Bose and Jarrett Renshaw WASHINGTON (Reuters) -The White House said on Monday that a search by the Justice Department of President Joe Biden’s home on Friday had been carried out after a “voluntary, proactive offer” by his personal lawyers to the department. The White House Counsel’s Office also said it was …

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U.S. lawmakers praise Zelenskiy for fighting corruption, back continued aid

By Patricia Zengerle WASHINGTON (Reuters) – Democratic and Republican U.S. lawmakers praised Ukraine’s government on Tuesday for taking swift action against corruption and insisted that U.S. military and humanitarian aid to President Volodymyr Zelenskiy’s government should continue. A slew of senior Ukrainian officials were dismissed on Tuesday in Ukraine’s biggest political shake-up of the war …

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