By Sarah N. Lynch WASHINGTON (Reuters) -The man who carried out a pepper-spray attack on a U.S. Capitol Police officer who died the day after the Jan. 6, 2021, riot was sentenced to 80 months in prison on Friday with credit for time already served in pretrial detention. Julian Khater, 32, who admitted in a …
Man who assaulted Capitol Police officer Sicknick sentenced to 80 months in prison Read More »
WASHINGTON (Reuters) -President Joe Biden on Friday picked his former COVID-19 policy coordinator, Jeff Zients, to be the next White House chief of staff, citing his expertise in health care and the economy. Zients will replace Biden’s current chief of staff Ron Klain. “I’ve seen Jeff Zients tackle some of the toughest issues in government,” …
By Aditya Soni and Nivedita Balu (Reuters) – Intel Corp saw about $8 billion wiped off its market value on Friday after the U.S. chipmaker stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal-computer market. The company predicted a surprise loss for the first quarter and its revenue forecast …
Intel’s ‘historic collapse’ erases $8 billion from market value Read More »
By Herbert Lash NEW YORK (Reuters) -World stocks rallied and the dollar edged up from eight-month lows on Friday as slowing inflation data raised hopes the Federal Reserve can engineer an economic soft landing and reduce its pace of aggressive monetary tightening next week. U.S. consumer spending fell for a second straight month in December, …
Stocks, dollar gain on allure of Fed soft landing Read More »
By Laura Sanicola (Reuters) -Oil prices settled lower on Friday, making their weekly finish flat to lower, as indications of strong Russian oil supply offset better-than-expected U.S. economic growth data, strong middle distillate refining margins and hopes of a rapid recovery in Chinese demand. Brent futures settled down 81 cents, or 0.9%, at $86.66 per …
Oil prices settle lower on stronger supply outlook Read More »
By Jeff Mason and Richard Cowan WASHINGTON (Reuters) -Flags are lowered, sorrowful statements are issued, pleas to lawmakers are made, again. In the wake of two mass shootings in California this week, President Joe Biden has followed a heartfelt and familiar script of outrage and grief over gun violence in America, coupled with a renewed …
Analysis-Why Biden pushes an assault weapons ban despite the political odds Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar clung to modest gains against the euro on Friday after data showed falling U.S. consumer spending and cooling inflation, and as investors awaited a slew of central bank meetings next week. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, dropped 0.2% last …
Dollar clings to gains after U.S. data; traders eye Fed next week Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending fell for a second straight month in December, putting the economy on a lower growth path heading into 2023, while inflation continued to subside, which could give the Federal Reserve room to further slow the pace of its interest rate hikes next week. The report from …
U.S. consumer spending ends 2022 on weaker footing; inflation slowing Read More »
By Emma Farge GENEVA (Reuters) -China and the United States exchanged sharp criticism at a World Trade Organization meeting on Friday, with Beijing calling Washington a “unilateral bully” and the U.S. accusing its rival of illegal retaliatory measures. China’s ambassador to the WTO Li Chenggang spoke at a meeting on trade disputes shortly after the …
LONDON (Reuters) -A prominent Russian businessman cannot pause an $850 million fraud lawsuit brought by two Russian banks despite one of the banks being subject to British sanctions, the High Court in London ruled on Friday. Boris Mints and his sons Dmitry, Alexander and Igor are being sued by National Bank Trust, which is 99% …
