By David Shepardson (Reuters) – New York said on Wednesday it will replace more than 900 city-owned fossil-fuel powered vehicles with electric models and install 315 additional EV charging ports after receiving a $10.1 million U.S. Transportation Department grant. The announcement is the latest by a U.S. government agency to speed the shift away from …
New York City buying more than 900 EVs for government fleets Read More »
By David Shepardson WASHINGTON (Reuters) – U.S. Senate Commerce Committee chair Maria Cantwell on Wednesday said the panel intended to hold hearings after Southwest Airlines’ recent meltdown that led to nearly 16,000 flight cancellations in the week ending Dec. 29. “Southwest’s customers are rightfully dissatisfied and deserve better,” Cantwell said in a statement. “These consumers …
U.S. Senate Commerce chair plans hearings after Southwest Airlines meltdown Read More »
By Angus Berwick (Reuters) – FTX’s former top lawyer Daniel Friedberg has cooperated with U.S. prosecutors as they investigate the crypto firm’s collapse, a source familiar with the matter said, adding pressure on founder Sam Bankman-Fried who was arrested on criminal fraud charges last month. Friedberg gave details about FTX in a Nov. 22 meeting …
Exclusive-FTX’s former top lawyer aided U.S. authorities in Bankman-Fried case Read More »
By Steve Holland COVINGTON, Ky. (Reuters) -U.S. President Joe Biden and Senate Republican leader Mitch McConnell made a rare joint appearance on Wednesday at a bridge in Kentucky in a display of bipartisanship that offers a guide to how the White House hopes to govern in months to come. As hardline Republicans create turmoil in …
Biden, McConnell Kentucky event is a roadmap for White House under new Congress Read More »
By Sinéad Carew and Amruta Khandekar (Reuters) – The S&P 500 finished higher on Wednesday but below its session peak after volatile trading following the release of minutes from the Federal Reserve’s last meeting, which showed officials laser-focused on controlling inflation even as they agreed to slow their interest rate hiking pace. Officials at the …
S&P closes higher after Fed minutes confirm inflation focus Read More »
By Gram Slattery WASHINGTON (Reuters) – Donald Trump failed on Wednesday to persuade 20 fellow Republicans in the U.S. House of Representatives to fall in line behind Kevin McCarthy’s bid for speaker, underscoring the former president’s declining power over the party he reshaped. “It’s now time for all of our GREAT Republican House Members to …
Trump’s plea to back McCarthy falls flat with hardline U.S. House Republicans Read More »
By Kanishka Singh (Reuters) – A federal judge cut by millions of dollars damages that were imposed on organizers of the 2017 “Unite the Right” white nationalist rally in Charlottesville, Virginia, citing a cap imposed under a local law. In November 2021, a federal jury found the organizers of the “Unite the Right” rally liable …
U.S. judge cuts damages imposed on organizers of 2017 ‘Unite the Right’ rally Read More »
By Isla Binnie NEW YORK (Reuters) – Global sales of corporate bonds with environmental, social and governance (ESG) targets will rebound this year and top $460 billion, Barclays said, after the asset class had its first setback in 2022 as higher interest rates weighed on credit markets. ESG bond volumes swelled over the past few …
Green bonds are set to drive corporate ESG debt out of slump in 2023 -Barclays Read More »
By Howard Schneider WASHINGTON (Reuters) -All officials at the Federal Reserve’s Dec. 13-14 policy meeting agreed the U.S. central bank should slow the pace of its aggressive interest rate increases, allowing them to continue increasing the cost of credit to control inflation but in a gradual way meant to limit the risks to economic growth. …
Fed wants ‘flexibility’ on rates as inflation remains key focus, minutes show Read More »
WASHINGTON (Reuters) – Here are six potential candidates to become speaker of the U.S. House of Representatives if Republican Leader Kevin McCarthy fails to win the post due to a rebellion by hardliners in his party. REPRESENTATIVE STEVE SCALISE The no. 2 House Republican is a supporter of McCarthy who could get support from moderates …
Factbox-If not McCarthy then who? Other possible candidates for U.S. House speaker Read More »
