By Richard Cowan and David Morgan WASHINGTON (Reuters) – Detailed talks on raising the U.S. government’s $31.4 trillion debt ceiling kicked off on Wednesday with Republicans continuing to[...]
Read more
May 10, 2023
Martin Shkreli-founded drug company files for bankruptcy
By Dietrich Knauth NEW YORK (Reuters) – Vyera Pharmaceuticals, which previously settled price-fixing charges that resulted in founder Martin Shkreli being banned from the pharmaceutical industry[...]
Read more
White House backs faster energy project permits, joining Republicans
By Jarrett Renshaw and Timothy Gardner WASHINGTON (Reuters) -The White House on Wednesday called on Congress to pass permitting legislation that would help speed up clean energy and fossil fuel projec[...]
Read more
JPMorgan’s Dimon says debt ceiling standoff could cause panic – report
NEW YORK (Reuters) – JPMorgan Chase & Co’s CEO Jamie Dimon said the congressional standoff over the U.S. debt ceiling, and a potential U.S. default, could create a financial panic, acc[...]
Read more
Stocks rise as U.S. inflation trends lower, bond yields slide
By Herbert Lash NEW YORK (Reuters) – A gauge of global stock markets rose and bond yields slid on Wednesday after data showed U.S. consumer prices in April rose at a slightly slower-than-expecte[...]
Read more
US House committee to consider bill on pressuring OPEC oil group
WASHINGTON (Reuters) – The House Judiciary Committee was set to consider a bill on Wednesday to pressure the OPEC oil production group to stop making output cuts that can result in higher fuel p[...]
Read more
EU antitrust regulators seeking more info on Apple Pay
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators are seeking more information on Apple’s mobile payment system, the European Commission said on Wednesday, a sign that the enfor[...]
Read more
Dollar in holding pattern, inflation data provides little clarity on rates
By Laura Matthews NEW YORK (Reuters) – The dollar remained stable against a basket of currencies on Wednesday as data showed inflation slowed slightly more than expected last month but gave trad[...]
Read more
Nordstrom names Target veteran Cathy Smith as CFO
(Reuters) -Nordstrom Inc on Wednesday named former Target Corp CFO Cathy Smith as its new finance chief. Smith will take over from interim Nordstrom CFO Michael Maher on May 29. The U.S. retailer gets[...]
Read more