By Horacio Soria and Juan Carlos Bustamante BUENOS AIRES (Reuters) -Argentina’s annual inflation rate soared to 104.3% in March, the official statistics agency said on Friday, one of the highest rates in the world, straining people’s wallets and stoking a cost-of-living crisis that has pushed up poverty. The inflation reading for the month came in …
‘Zero capacity to save’: Argentines buckle as inflation tops 104% Read More »
By Joseph Ax (Reuters) – When Florida Governor Ron DeSantis signed a 15-week abortion ban on April 14, 2022, he held a morning ceremony at a church in front of an enormous “Protect Life” sign, flanked by women and children. On Thursday, exactly one year later, DeSantis – now a likely 2024 Republican presidential candidate …
In signing 6-week ban, DeSantis wades into thorny debate over abortion and 2024 Read More »
By Joey Roulette WASHINGTON (Reuters) -The U.S. Federal Aviation Administration on Friday granted a long-awaited license allowing Elon Musk’s SpaceX to launch its Starship rocket to orbit for the first time, clearing the way for a test flight crucial to the company’s goals in space. “After a comprehensive license evaluation process, the FAA determined SpaceX …
SpaceX gets US regulatory green light for debut Starship flight to space Read More »
By Tyler Clifford (Reuters) – Former U.S. Secretary of State Mike Pompeo said on Friday he will not enter the 2024 presidential race, which would have pitted him against his former boss Donald Trump for the Republican nomination. Pompeo, 59, said he decided with his wife that he would not be a candidate for the …
Republican Mike Pompeo says he will not seek U.S. presidential nomination Read More »
By Stephen Culp NEW YORK (Reuters) – Wall Street ended lower on Friday as a barrage of mixed economic data appeared to affirm another Federal Reserve interest rate hike, dampening investor enthusiasm after a series of big U.S. bank earnings launched first-quarter reporting season. All three major U.S. stock indexes ended in the red, but …
Wall St dips to lower close as rate hike bets firm, banks jump Read More »
By Andrew Chung WASHINGTON (Reuters) -U.S. Supreme Court Justice Samuel Alito on Friday temporarily halted lower court rulings that set limits on access to the abortion pill mifepristone, giving the nation’s top judicial body time to weigh a bid by President Joe Biden’s administration to defend the drug amid a challenge by anti-abortion groups. The …
U.S. Supreme Court’s Alito temporarily blocks abortion pill curbs Read More »
BRASILIA (Reuters) – Brazil’s Planning Ministry announced on Friday a zero primary deficit target for 2024, but stated that 172 billion reais ($35.03 billion) in government spending depends on the approval of a proposed new fiscal framework. In a statement about the 2024 budget bill sent to Congress, the ministry said the new fiscal rules …
By Hannah Lang, Chris Prentice and Ann Saphir (Reuters) – The Federal Reserve’s Board of Governors on Friday said it has approved UBS Group AG’s acquisition of the U.S. subsidiaries of Credit Suisse, clearing another major hurdle for the completion of the Swiss-brokered rescue deal. Â Â Â UBS has committed to give the U.S. central bank …
Federal Reserve green lights UBS-Credit Suisse deal in US Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – As quarterly U.S. earnings got under way with upbeat reports from JPMorgan Chase & Co and other major banks Friday, analysts marginally brightened their dim outlook for first-quarter U.S. results compared with a week ago. Based on actual results from 30 of the S&P 500 companies and estimates …
As earnings season begins, S&P 500 forecast looks less weak Read More »
(Reuters) -Billionaire Elon Musk is working on launching an artificial intelligence start-up that will rival ChatGPT-maker OpenAI, the Financial Times reported on Friday citing people familiar with his plans. Twitter-owner Musk is assembling a team of AI researchers and engineers, according to the FT report, and is also in discussions with some investors in SpaceX …
