By Aleksandra Michalska HINDMAN, Ky. – Hundreds of National Guard have fanned out across eastern Kentucky to help residents displaced this week by severe flooding that swept away homes and …
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- Financial News
U.N. chief urges tax on ‘grotesque greed’ of oil, gas companies
by Reutersby ReutersBy Michelle Nichols UNITED NATIONS -United Nations Secretary-General Antonio Guterres on Wednesday slammed the “grotesque greed” of oil and gas companies and their financial backers and urged governments globally to …
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(Deletes repeated word in paragraph 11) By Elvira Pollina MILAN – Telecom Italia (TIM) has trimmed its expected profit drop for 2022 to lift its outlook on the back of …
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TORONTO – Canada’s main stock index rose on Wednesday, helped by gains for technology and financial shares after encouraging U.S. economic data, but the advance was limited as a drop …
- Financial News
Wall Street rallies on economic data, crude falls as stockpiles jump
by Reutersby ReutersBy Stephen Culp NEW YORK – U.S. stocks jumped to a sharply higher close and Treasury yields touched two-week highs on Wednesday as robust economic data, upbeat corporate guidance and …
- Financial News
Dollar rises vs yen; U.S. economic data, Fed officials’ comments supportive
by Reutersby ReutersBy Caroline Valetkevitch NEW YORK – The U.S. dollar was up against the yen on Wednesday after data showed a surprise pickup in the U.S. services industry in July, while …
- Financial News
Fed officials beat inflation drum; 50-basis-point rate hike ‘reasonable’ next month
by Reutersby ReutersBy Lindsay Dunsmuir and Dan Burns (Reuters) -Federal Reserve officials voiced their determination again on Wednesday to rein in high inflation, although one noted a half-percentage-point hike in the U.S. …
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Tight-lipped Taliban leaders gather after U.S. says Zawahiri killed
by Reutersby ReutersBy Jibran Ahmad and Mohammad Yunus Yawar KABUL – Leaders of Afghanistan’s Taliban were holding discussions on Wednesday about how to respond to a U.S. drone strike in Kabul that …
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Russians flock to H&M as fashion retailer opens stores to sell inventory
by Reutersby ReutersMOSCOW – A long queue of Russians snaked through a Moscow shopping centre on Tuesday, waiting to get into H&M as the fashion retailer flung open its doors for a …
- Top HeadlinesUS and World News
Planned Parenthood seeks to block Idaho’s near-total abortion ban
by Reutersby ReutersBy Brendan Pierson (Reuters) – Planned Parenthood on Wednesday urged Idaho’s top court to stop a state law criminalizing nearly all abortions from taking effect later this month, arguing that …
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By Caroline Valetkevitch NEW YORK – U.S. companies are reporting mostly upbeat news this earnings season, surprising investors who had been bracing for a gloomier outlook on both businesses and …
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U.S. proposes new consumer protection rules for airline passengers
by Reutersby ReutersWASHINGTON -The U.S. Transportation Department on Wednesday proposed new rules to strengthen airline passenger protection and require airlines to provide vouchers that do not expire when passengers are unable to …
- Financial News
Coinbase ex-manager pleads not guilty to insider trading charges
by Reutersby ReutersBy Luc Cohen NEW YORK -A former Coinbase Global Inc product manager and his brother pleaded not guilty on Wednesday to wire fraud charges in what U.S. prosecutors called the …
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By Bhanvi Satija and Leroy Leo (Reuters) – CVS Health Corp on Wednesday lifted its annual outlook for COVID-19-related revenue as it expects sales of over-the-counter coronavirus tests to more …
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U.S. SEC addresses Wall Street ‘misconceptions’ about conflicts of interest
by Reutersby ReutersBy Katanga Johnson WASHINGTON -The U.S. Securities and Exchange Commission (SEC) on Wednesday published a staff bulletin that seeks to clarify how broker dealers and investment advisors must address conflicts …
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Pelosi lauds Taiwan, says China’s fury cannot stop visits by world leaders
by Reutersby ReutersBy Yimou Lee and Sarah Wu TAIPEI -U.S. House of Representatives Speaker Nancy Pelosi left Taiwan on Wednesday after touting its democracy and pledging American solidarity during her brief visit, …
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By Maha El Dahan and Ahmad Ghaddar DUBAI/LONDON – OPEC+ is set to raise its oil output goal by 100,000 barrels per day, an amount analysts said was a setback …
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By David Shepardson WASHINGTON -A union representing nearly 2,500 workers at three Boeing defense locations in the St. Louis area voted to accept a revised three-year contract offer from the …
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By Praveen Paramasivam (Reuters) – Beyond Meat Inc is headed for an unappetizing second quarter as the plant-based food craze withers in the face of several weak product tests at …
- Financial News
U.S. services sector surprises with momentum; supply, price pressures easing
by Reutersby ReutersBy Lucia Mutikani WASHINGTON – The U.S. services industry unexpectedly picked up in July as new orders grew solidly, supporting views that the economy was not in recession despite output …
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Fed’s Daly says 50-basis-point rate hike next month is ‘reasonable’
by Reutersby ReutersBy Lindsay Dunsmuir (Reuters) -It would be ‘reasonable’ for the Federal Reserve to raise interest rates by 50 basis points next month if the economy evolves as expected, San Francisco …
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Suspect in July 4 mass shooting near Chicago pleads not guilty
by Reutersby ReutersBy Brendan O’Brien (Reuters) -An Illinois man accused of opening fire on spectators watching an Independence Day parade in a Chicago suburb last month pleaded not guilty on Wednesday to …
- Financial News
Exclusive: UnitedHealth struggling to sell Brazilian unit Amil – sources
by Reutersby ReutersBy Tatiana Bautzer SAO PAULO – UnitedHealth Group Inc, the top U.S. healthcare company by market capitalization, is struggling to sell Brazilian unit Amil due to antitrust issues and growing …
- Financial News
Thoma Bravo deepens cybersecurity bet with $2.4 billion deal for Ping Identity
by Reutersby ReutersBy Akash Sriram (Reuters) -Private equity firm Thoma Bravo is buying Ping Identity for $2.4 billion, deepening a bet on the cybersecurity sector that has been one of the big …
- Top HeadlinesUS and World News
Trump-backed candidates prevail in U.S. midterm primaries; Kansas votes to preserve abortion rights
by Reutersby ReutersBy Joseph Ax (Reuters) -Republican voters on Tuesday chose a raft of candidates supporting Donald Trump’s 2020 election falsehoods in multiple party primaries for the November general election – a …