By Lucia Mutikani WASHINGTON (Reuters) – U.S. existing home sales plunged to a 12-year low in December, but declining mortgage rates raised cautious hope that the embattled housing market could be close to finding a floor. The report from the National Association of Realtors on Friday also showed the median house price increasing at the …
U.S. home sales drop to 12-year low; price growth cools Read More »
(Reuters) -Abbott Laboratories’ Michigan plant, which was at the center of the U.S. baby formula shortage last year, faces a criminal investigation by the Justice Department, the Wall Street Journal reported on Friday. Panicked parents emptied baby formula aisles at supermarkets last year as a recall of formulas by Abbott due to complaints of bacterial …
Abbott faces U.S. criminal probe over baby formula -WSJ Read More »
By Marco Aquino LIMA (Reuters) -Thousands of protesters in Peru, many from the country’s heavily indigenous south, descended on Lima, the capital, on Thursday, angered by a mounting death toll since unrest erupted last month and calling for sweeping change. Police estimated the march at around 3,500 people, but others speculated it attracted more than …
Thousands march on Peru’s capital as unrest spreads, building set ablaze Read More »
By Keith Coffman DENVER (Reuters) – Three Colorado police officers and two paramedics pleaded not guilty on Friday to homicide charges in the 2019 killing of Elijah McClain, a Black man subdued by police, placed in a choke hold and injected with a sedative, though he was neither armed nor suspected of a crime. Attorneys …
Colorado police, paramedics plead not guilty to homicide in Elijah McClain death Read More »
By David Shepardson WASHINGTON (Reuters) – Major unions and public interest and environmental groups are urging President Joe Biden to reject efforts by the European Union and other foreign governments to revise U.S. electric vehicle tax incentives. The $430 billion U.S. Inflation Reduction Act (IRA) passed in August restricts $7,500 consumer tax credits to North …
Unions press Biden administration to not change EV tax credit rules Read More »
By Jeff Mason WASHINGTON (Reuters) -President Joe Biden on Friday pledged to “have a discussion” with House of Representatives Speaker Kevin McCarthy on U.S. debt amid a looming debate about raising the debt ceiling. At an event with city mayors, Biden said a U.S. debt default would be a calamity unlike anything ever seen in …
Biden: We’re going to have a discussion about U.S. debt with House leader Read More »
By Nate Raymond and John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court’s chief security officer on Friday said she spoke with each of the justices in her inquiry into who leaked a draft of its ruling overturning the 1973 Roe v. Wade decision that had legalized abortion nationwide, adding that the probe found no information …
U.S. Supreme Court justices were questioned, cleared in leak probe Read More »
By Lewis Krauskopf NEW YORK (Reuters) – A spate of earnings reports in coming weeks is set to test a recent bounce in technology and other megacap stocks, a category whose leadership position in U.S. markets has faltered after last year’s deep selloff. The tech-heavy Nasdaq 100 index has gained nearly 6.2% in 2023, compared …
Tech stock rebound faces doubters with earnings season ahead Read More »
By Chuck Mikolajczak (Reuters) – U.S. stocks rallied to close higher on Friday, as the S&P 500 and Dow snapped a three-session losing streak and the Nasdaq rose more than 2%, as quarterly earnings helped lift Netflix, while Google parent Alphabet climbed after announcing job cuts. Shares of Netflix Inc jumped 8.46% as the streaming …
Wall Street rallies to end higher on Alphabet, Netflix lift Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. House of Representatives plans to take up bipartisan legislation next week to establish a Federal Aviation Administration (FAA) task force to improve a pilot messaging database that failed last week, disrupting 11,000 flights. The outage of the Notice to Air Missions (NOTAM) database prompted the Jan. 11 nationwide …
U.S. House eyes creating task force on flawed aviation computer system Read More »
