Reuters USA

By Richard Cowan WASHINGTON (Reuters) – For much of the last 16 years Republican Jim Jordan’s combative, in-your-face style of politics made the former college wrestler a constant source of trouble for his party’s leadership in the U.S. House of Representatives. Now his party is deciding whether the hardline co-founder of the House Freedom Caucus …

Hardliner Jim Jordan emerges as a Republican alternative for U.S. House speaker Read More »

By Trevor Hunnicutt and David Shepardson WASHINGTON (Reuters) – U.S. President Joe Biden on Tuesday renominated a number of stalled picks for a slate of federal posts including nominees to head the Internal Revenue Service, Federal Aviation Administration, ambassador to India and a Federal Communications Commission (FCC) member, the White House said. The selections did …

Biden renominates stalled picks for key administration posts Read More »

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. If the first proper global trading day of 2023 offers any clue on how the following 12 months will unfold, buckle up. The fairly upbeat mood in Asia and Europe was crushed in U.S. hours as another collapse …

Marketmind: Every picture Tesla story Read More »

By Jonathan Stempel NEW YORK (Reuters) – Southwest Airlines has been sued by a passenger who said it failed to provide refunds to passengers left stranded when an operational meltdown led the carrier to cancel more than 15,000 flights late last month. In a proposed class action filed on Dec. 30 in New Orleans federal …

Southwest Airlines is sued for not providing refunds after meltdown Read More »

(Reuters) – Shares of Shaw Communications Inc fell on Tuesday after a Federal Court put a stay on the company’s C$20 billion ($14.63 billion) merger with Rogers Communications Inc following a request from Canada’s Competition Bureau. The agency had requested a stay on Canada’s competition tribunal’s decision last week to approve the deal that would …

Shaw falls as court stay on Rogers merger deal sparks uncertainty, analyst downgrades Read More »

TORONTO (Reuters) – Canadian manufacturing activity contracted at a slightly faster rate in December as an uncertain economic outlook and high inflation undercut demand, while the recent trend of easing cost pressures reversed, data showed on Tuesday. The S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) fell to a seasonally adjusted 49.2 in December from …

Canada factory sector posts longest slowdown in 7 years Read More »

(Reuters) -Tesla Inc shares kicked off 2023 with a near 4% drop on Tuesday, extending a selloff from their worst year on growing worries about weakening demand and logistical problems that have hampered deliveries. The latest slide came after the world’s most valuable automaker missed estimates for fourth-quarter deliveries despite shipping a record number of …

Tesla shares start 2023 lower on worries over weak demand, logistical issues Read More »

(Reuters) – Shopify Technologies Inc on Tuesday launched a new service aimed at big retailers that will allow them to select tools and services the Canadian tech giant offers and integrate it with their own online platform. The company said it had signed up toymaker Mattel Inc for the product, and was looking to bring …

Shopify launches new subscription product to lure big retail clients Read More »