New Jersey bill would raise age limit for pediatric long-term care to 26
TRENTON, N.J. — A bipartisan group of New Jersey senators has introduced a bill that would raise the maximum age for residents in pediatric long-term care facilities from 19 to 26. Senate…
OECD sees long-term growth prospects almost halving in major economies
By Leigh Thomas PARIS (Reuters) – Growth is projected to almost halve in developed and big emerging market economies in the coming decades, requiring higher taxes to keep debt from rocketing, the…
Redwood inks long-term EV battery materials supply deal with Toyota
By Paul Lienert (Reuters) – Redwood Materials has signed a long-term contract to supply Toyota Motor with recycled materials for the Japanese automaker’s $13.9 billion North Carolina electric vehicle battery plant, Redwood…
Analysis-Soaring Treasury yields threaten long-term performance of US stocks
By Lewis Krauskopf NEW YORK (Reuters) – Soaring U.S. Treasury yields are further boosting the appeal of bonds over stocks, deepening an already painful equity selloff while threatening to weigh on equity…
Vanguard bets on long-term US Treasuries after ‘cruel summer’ for bond investors
By Davide Barbuscia NEW YORK (Reuters) – U.S. asset manager Vanguard is bullish on longer-dated Treasuries after this year’s brutal selloff, betting that the Federal Reserve is at the end of its…
Analysis-Bond buyers dip toes in long-term Treasuries despite higher-for-longer rate fears
By Davide Barbuscia NEW YORK (Reuters) – Some investors are increasing exposure to longer term U.S. Treasuries in the midst of a historic sell-off, as spiking yields promise to juice returns despite…
Fed’s Barkin: can’t rely on tightening from long-term rates
(Reuters) – Richmond Federal Reserve Bank chief Thomas Barkin on Tuesday said that higher long-term borrowing costs are putting downward pressure on demand but it’s unclear how that will affect the central…
Fed’s Goolsbee does not see rise in long-term yields imperiling soft landing
(Reuters – Chicago Federal Reserve Bank President Austan Goolsbee says he sees no clear signals that the U.S. economy is veering off the “golden path” toward the Fed’s 2% inflation goal and…
US government shutdown would hit 2,000 long-term disaster recovery projects -White House
WASHINGTON (Reuters) – The White House warned on Thursday a partial shutdown of the federal government that could occur this weekend would delay nearly 2,000 long-term disaster recovery projects. A budget standoff…
French government rams long-term budget bill through parliament
PARIS (Reuters) – The French government rammed a long-term public finance bill through parliament without a vote, in a bid to secure billions of euros of EU funding. Using the same “49:3”…
Hedge fund manager Bill Ackman sees U.S. long-term rates rising
(Reuters) – Billionaire investor Bill Ackman said he believed 30-year interest rates would rise further, while his Pershing Square Capital Management hedge fund remains short on bonds, as he sees inflation remaining…
Apple inks new long-term deal with Arm for chip technology – filing
By Stephen Nellis (Reuters) – Apple has signed a new deal with Arm for chip technology that “extends beyond 2040,” according to Arm’s initial public offering documents filed on Tuesday. Arm unveiled…
Biden Admin Seeks Long-Term Ukraine Aid Plan To Prevent Next President From Scaling Back Funding
Biden Admin Seeks Long-Term Ukraine Aid Plan To Prevent Next President From Scaling Back Funding Micaela Burrow on August 29, 2023 The Biden administration is seeking to hammer out a long-term Ukraine…
US FDIC to propose new bank resolution, long-term debt rules on Aug. 29
WASHINGTON (Reuters) – U.S. bank regulator the Federal Deposit and Insurance Corporation (FDIC) will on Aug. 29 propose new rules overhauling how large regional banks prepare for their own failure, according to…
Fed’s long-term GDP outlook is dismal; the economy hasn’t got the message yet
By Howard Schneider WASHINGTON (Reuters) – After puzzling for years over the sluggish U.S. rebound from the 2007-2009 recession, the Federal Reserve had a reckoning at its policy meeting in September of…
GSK’s RSV vaccine shows long-term efficacy in late-stage trial
(Reuters) -GSK on Wednesday said its vaccine for the respiratory syncytial virus (RSV), which recently won EU approval, showed strong long-term protection in older adults in a late-stage trial. The British drugmaker…
Dubai chases long-term growth as property booms, seeks to blunt debt risk
By Rachna Uppal and Yousef Saba DUBAI (Reuters) – Buoyed by a swift economic rebound post-COVID, Dubai is racing to attract people and capital to drive long-term growth, betting it can avoid…
NATO races to design long-term package for Ukraine but differences remain
By Jonathan Landay and Andrew Gray (Reuters) – NATO members are racing to complete a plan to provide long-term support to Ukraine, but are wrestling with how best to assure the country’s…
Brazil economists cut long-term inflation expectations, unchanged for months
BRASILIA/SAO PAULO (Reuters) – Brazilian economists have reduced their long-term inflation expectations, putting an end to months of unchanged projections that the central bank had cited as a cause for concern. According…
Charles Schwab to raise $2.5 billion in long-term debt – WSJ
(Reuters) – Charles Schwab Corp is looking to raise $2.5 billion in long-term debt, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The financial services firm will…
Japan embraces G7’s gas support but companies may face long-term problems
By Katya Golubkova, Yuka Obayashi and Kate Abnett TOKYO (Reuters) – Japan’s energy companies were quick to embrace the G7’s support for natural gas investment in their statement last month but analysts…
BOJ may conduct long-term review of monetary easing – sources
By Leika Kihara TOKYO (Reuters) – The Bank of Japan may conduct a comprehensive review of the impact of the monetary easing steps it has taken over the longer term, an idea…
Biden Admin ‘Beginning Contracting Process’ For Long-Term Ukraine Aid In $2.6 Billion Weapons Package
Biden Admin ‘Beginning Contracting Process’ For Long-Term Ukraine Aid In $2.6 Billion Weapons Package Micaela Burrow on April 4, 2023 The Biden administration announced $2.6 billion in security assistance for Ukraine, $2.1…
Brazil tax reform seen boosting long-term economic growth, official says
BRASILIA (Reuters) – A proposed tax reform in Brazil will likely generate additional economic growth of 12% over the next 15 years, the special secretary for tax reform, Bernard Appy, said on…
Fed’s Powell sees long-term damage if US debt ceiling not raised
By Michael S. Derby NEW YORK (Reuters) – The United States risks long-term damage if Congress does not raise the national debt ceiling, Federal Reserve Chair Jerome Powell said on Tuesday. “Congress…
Lab-Grown Meat Firms Don’t Know If Their Food Is Safe Long-Term: REPORT
Lab-Grown Meat Firms Don’t Know If Their Food Is Safe Long-Term: REPORT John Hugh DeMastri on February 7, 2023 Despite leading scientists generally agreeing that lab grown meat is safe to eat,…
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