Reuters USA

Biden says U.S. economy headed to ‘new plateau,’ amid recession fears

By Andrea Shalal WASHINGTON (Reuters) – President Joe Biden said on Thursday the U.S. economy was seeing “really bright spots” after a rough few years, and was headed to a “new plateau,” a new term for the stable, slower growth White House officials see ahead. While investors, many economists and some CEOs have warned recently …

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Citadel posts record revenues for hedge fund, securities ops in 2022 – source

(Reuters) – Kenneth Griffin’s Citadel marked record revenues in its hedge fund and electronic-trading businesses for 2022 despite turmoil in global capital markets, a source familiar with the matter said on Thursday. The hedge fund operation made about $28 billion in revenue, while Citadel Securities, one of the world’s biggest electronic-trading firms, brought in $7.5 …

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Factbox-Who are the hardline U.S. House Republicans voting against McCarthy?

By Gram Slattery WASHINGTON (Reuters) – About 20 hardline Republicans in the U.S. House of Representatives have voted against California Republican Kevin McCarthy in his bid to become the next Speaker of the House in successive rounds of voting this week. That has stopped the House from starting their work and exposed the sharp rifts …

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As U.S. House speaker fight drags on, Republican holdout votes for Trump

By Moira Warburton WASHINGTON (Reuters) – A day after Republicans in the U.S. House of Representatives rejected Donald Trump’s plea to support Kevin McCarthy’s campaign for speaker, one of McCarthy’s hardline opponents cast his vote for the former president. Representative Matt Gaetz, one of 20 House hardliners who have rejected McCarthy, cast his ballot for …

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Republican who defied Trump tapped to oversee Pennsylvania elections

By James Oliphant (Reuters) – Pennsylvania’s newly elected Democratic Governor Josh Shapiro has named a Republican who resisted former President Donald Trump’s claims of election fraud to oversee the battleground state’s elections. Al Schmidt, Shapiro’s pick, previously served as vice chair of Philadelphia’s Board of Elections and pushed back against Trump’s efforts to stop the …

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