Reuters USA

By Trevor Hunnicutt WASHINGTON (Reuters) -President Joe Biden on Wednesday called on lawmakers in the Republican-led House of Representatives to “get their act together,” saying the messy battle to determine the chamber’s leader reflects poorly on the United States. The fight over who will lead the House after Republicans gained a majority in November’s midterm …

Biden wants Republican-led House to get its ‘act together’ over leadership Read More »

By Sarah N. Lynch WASHINGTON (Reuters) – Jack Smith, the U.S. special counsel named to investigate Republican former President Donald Trump, has a reputation for winning tough cases against war criminals, mobsters and crooked police officers. Behind the scenes, however, Smith’s former colleagues say he is just as tenacious in his pursuit to get criminal …

‘Fearless’ Special Counsel Jack Smith arrives in Washington to lead Trump probes Read More »

(Reuters) – After winning a slim majority of seats in the U.S. House of Representatives in November’s midterm elections, Republicans are trying to elect a speaker. WHAT IS THE SPEAKER’S IMPORTANCE? The speaker of the House, second in the line of succession for the presidency after the vice president, leads the chamber and sets the …

Factbox-How does the U.S. House of Representatives decide on a speaker? Read More »

WASHINGTON (Reuters) – U.S. job openings fell moderately in November as the labor market remains tight, which could see the Federal Reserve increasing interest rates to a higher level than currently anticipated. Job openings, a measure of labor demand, slipped 54,000 to 10.458 million on the last day of November, the Labor Department said in …

U.S. job openings fall less than expected in November Read More »

WASHINGTON (Reuters) – U.S. manufacturing contracted further in December, but weakening demand amid higher borrowing costs pushed a measure of prices paid by factories for inputs to the lowest level in more than 2-1/2 years, signaling that goods disinflation was underway. The Institute for Supply Management (ISM) said on Wednesday that its manufacturing PMI dropped …

U.S. manufacturing sector contracts, prices decline in December-ISM Read More »

WASHINGTON (Reuters) -U.S.-based cryptocurrency exchange Coinbase Global Inc has reached a $100 million settlement with New York’s Department of Financial Services (DFS), the exchange and the regulator said in statements on Wednesday. The settlement, which includes a $50-million penalty, caps the regulator’s investigation into the firm’s compliance with requirements to prevent money laundering. DFS found …

Coinbase to pay $100 million to settle New York state investigation Read More »

By Carolina Mandl, Nell Mackenzie and Summer Zhen NEW YORK/LONDON/HONG KONG (Reuters) – Having weathered a dire 2022, many global hedge fund managers are preparing this year for persistent inflation and seeking exposure to commodities and bonds that perform well in such an environment. A majority of the 10 global asset and hedge fund managers …

Global hedge funds plan 2023 around inflation risk Read More »

By Dawn Chmielewski (Reuters) – When Sony Corp Group teases “Gran Turismo,” its long-awaited adrenaline-fueled film adaptation of Sony PlayStation’s hit car-racing franchise at the CES 2023 technology trade show this week, it will really be showing off its new identity as a content-driven company. The movie reflects the transformation of the maker of the …

At CES 2023, Sony’s ‘Gran Turismo’ flags new entertainment strategy Read More »

(Reuters) -Salesforce Inc plans to cut its workforce by 10% and close some offices, saying it needs to cut costs after rapid pandemic hiring left it with “too many people” amid an economic slowdown, sending its shares up 5%. The cloud-based software company said on Wednesday it expects between $1.4 billion and $2.1 billion in …

Salesforce to cut 10% of workforce in latest tech layoffs Read More »

SAO PAULO (Reuters) -Brazilian state-run oil company Petrobras said on Wednesday its board of directors had approved the early departure of chief executive officer Caio Paes de Andrade, which will take effect immediately. Reuters had first reported on Tuesday, citing sources, that Andrade had informed the board of directors of his resignation, ahead of the …

Brazil’s Petrobras names interim head after CEO departs Read More »