Reuters USA

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 …

Republican who defied Trump tapped to oversee Pennsylvania elections Read More »

WASHINGTON (Reuters) – Bob Casey, the senior U.S. senator from Pennsylvania, on Thursday announced he has been diagnosed with prostate cancer and will undergo surgery later this year. The 62-year-old Democrat who has served in the Senate since 2007 made the announcement on Twitter, saying the diagnosis came last month and that he is expected …

Democratic U.S. Senator Casey diagnosed with prostate cancer Read More »

WASHINGTON (Reuters) – The U.S. trade deficit contracted by the most in nearly 14 years in November as slowing domestic demand amid higher borrowing costs depressed imports. The trade deficit decreased 21.0% to $61.5 billion, the lowest level since September 2020, the Commerce Department said on Thursday. The percentage decline in the trade gap was …

U.S. trade deficit shrinks sharply as imports tumble Read More »

By Michael S. Derby NEW YORK (Reuters) – Kansas City Federal Reserve leader Esther George said on Thursday that she hopes the central bank will continue its efforts to shrink its balance sheet, while also warning that she believes the Fed will need to press forward with rate rises and keep them high for some …

Fed’s George: It will be key to hold rates up once hikes end Read More »

By Jessica DiNapoli and Mike Spector (Reuters) -Bed Bath & Beyond Inc on Thursday said it was exploring options including a bankruptcy filing to address the U.S. home goods retailer’s plunging sales, dwindling cash and debt load, sending its shares tumbling. The retailer in a regulatory filing said there was substantial doubt about its ability …

Bed Bath & Beyond exploring options including bankruptcy, shares crater Read More »

By Brendan Pierson (Reuters) -The U.S. Food and Drug Administration on Tuesday finalized a rule allowing mifepristone, one of two drugs used in medication abortions, to be dispensed by retail pharmacies. The rule will make medication abortion, which accounts for more than half of U.S. abortions, more accessible in states where abortion remains legal, but …

Explainer-What does the FDA’s new rule mean for the fight over abortion pills? Read More »

NEW YORK (Reuters) – Growth in the U.S. solar industry is expected to decelerate in 2023, while Asian and European markets are poised to surge, SolarEdge Chief Financial Officer Ronen Faier said on Thursday. High prices and regulatory uncertainties will constrain U.S. solar expansion, while some solar markets in Europe, including in Germany, could jump …

SolarEdge sees U.S. solar growth slowing in 2023, Asia, Europe markets to surge Read More »

By Paul Lienert (Reuters) – E-commerce giant Amazon hopes a new partnership with EVgo, powered by its Alexa voice assistant, will help smooth the electric vehicle charging experience for owners. Announced on Thursday at the 2023 Consumer Electronics Show in Las Vegas, the new service aims to streamline the process of locating, initiating and paying …

Alexa, help! Amazon partners with EVgo to ease EV charging pain Read More »