Reuters USA

2024 White House hopeful Tim Scott is calling for unity. But many Republicans want a brawl

By Gram Slattery MANCHESTER, N.H. (Reuters) – On issues of policy, Tim Scott, the latest Republican to declare he is interested in a 2024 presidential bid, runs largely with the current, following the party line on hot button matters from abortion to immigration. On issues of style, however, the only Black Republican in the U.S. …

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Citigroup bets on ex-BofA exec Andy Sieg’s connections to revamp wealth unit

By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – Citigroup Inc’s hiring of Andy Sieg, the incoming head of its wealth management unit, underscores the lender’s ambitions in the business as well as the uphill climb it faces in gaining share in a competitive market. The 55-year-old executive, known for crisscrossing the country to …

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California prosecutors suggest Cash App founder was slain in dispute over suspect’s sister

By Dan Whitcomb (Reuters) – The tech executive charged with stabbing Cash App founder Bob Lee to death in San Francisco confronted him earlier in the evening about his ties to the suspect’s younger sister, prosecutors said on Friday in court documents that outlined a possible motive. Nima Momeni, 38, was arrested on Thursday and …

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IMF steering committee aims for ‘considerable progress’ on shareholding reforms

By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund’s steering committee on Friday said it would accelerate its discussions on quota reforms at the global lender with an eye to making “considerable progress” by its next meeting in October. Spanish Economy Minister Nadia Calvino, who chairs the International Monetary and Financial Committee …

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Argentina seeks to issue up to $1.2 billion in bonds, ministry source says

By Jorgelina do Rosario WASHINGTON (Reuters) -The Argentine government is in talks to issue two dollar-bonds for up to $600 million each with separate guarantees from the World Bank and the CAF as collateral, a source from Argentina’s Economy Ministry said on Friday. The World Bank and CAF-Development Bank of Latin America could not be …

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Tupperware tumbles as cheaper rivals, to-go containers proliferate

By Hilary Russ and Katherine Masters NEW YORK (Reuters) -Tupperware’s financial woes follow a proliferation of free restaurant to-go boxes after a pandemic-era surge in delivery and carryout orders, and an onslaught of competition from cheaper food storage containers like Clorox’s GladWare. Popularized by suburban housewives hawking plastic tubs at private parties in the 1950s, …

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