Reuters USA

Brazil’s Americanas could face up to $8 billion early debt charges after accounting scandal, court warns

By Rodrigo Viga Gaier and Tatiana Bautzer RIO DE JANEIRO/SAO PAULO (Reuters) -A Brazilian court said on Friday Americanas SA could be liable to repay up to 40 billion reais ($7.9 billion) in debt earlier than planned, if the retailer is found in breach of covenant after reporting “accounting inconsistencies.” A group representing minority shareholders …

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Yellen warns of U.S. default risk by early June, urges debt limit hike

By Kanishka Singh and David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Friday the United States will likely hit the $31.4 trillion statutory debt limit on Jan. 19, forcing the Treasury to launch extraordinary cash management measures that can likely prevent default until early June. “Once the limit is reached, Treasury will …

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S&P 500 ends at highest in month, indexes gain for week as earnings kick off

By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 and Nasdaq finished at their highest levels in a month on Friday, with shares of JPMorgan Chase and other banks rising following their quarterly results, which kicked off the earnings season. All three major indexes also registered strong gains for the week, leaving the S&P …

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House Republicans probe Biden documents, ask if Hunter had access

By Gram Slattery and David Morgan WASHINGTON (Reuters) – Republicans in the U.S. House of Representatives launched an investigation on Friday into the Justice Department’s handling of improperly stored classified documents possessed by President Joe Biden, and questioned whether his son, Hunter, had access to any. In a Jan. 13 letter to Attorney General Merrick …

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Nine dead, more casualties expected after tornadoes rip through U.S. Southeast

By Rich McKay and Tyler Clifford ATLANTA (Reuters) -At least nine people died in tornadoes that destroyed homes and knocked out power to tens of thousands in the U.S. Southeast, local officials said on Friday, and the death toll in hard-hit central Alabama was expected to rise. The storms on Thursday stretched from Mississippi to …

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Biden administration vaccine drive leader David Kessler to step down

(Reuters) – David Kessler, who led the COVID-19 vaccine distribution efforts for the United States, is stepping down from President Joe Biden’s administration, the Department of Health and Human Services confirmed on Friday. Kessler, a pediatrician and lawyer who headed the U.S. Food and Drug Administration under presidents George H.W. Bush and Bill Clinton, will …

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