By Helen Coster and Kenneth Li NEW YORK (Reuters) -Thomson Reuters Corp on Tuesday reported higher-than-expected sales and operating profit in the first quarter, helped by divestitures and high custom[...]
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May 2, 2023
Explainer: How the Fed might act in a US default
(Reuters) – Federal Reserve Chair Jerome Powell at his press conference on Wednesday is likely to get asked – again – what contingencies he plans for in the event of a U.S. debt defa[...]
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Dollar dips as job openings fall, Fed meeting in focus
By Karen Brettell NEW YORK (Reuters) – The dollar fell Tuesday after data showed that U.S. job openings fell in March, a day before the Federal Reserve is expected to hike interest rates by an a[...]
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White House says Toyota ‘fully committed’ to electrifying auto fleet
By David Shepardson WASHINGTON (Reuters) -White House senior adviser John Podesta said Toyota Motor Corp “had been the laggard” on producing electric vehicles but is now “fully commi[...]
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Group of EU states seeks to reduce dependency on China for pharmaceuticals
By Julia Payne BRUSSELS (Reuters) – A group of 19 European Union member states are pushing for measures to reduce the bloc’s dependency on Chinese imports of pharmaceutical ingredients, a[...]
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Revlon emerges from bankruptcy after lender takeover
By Dietrich Knauth (Reuters) -Revlon Inc said on Tuesday that it has emerged from bankruptcy after cutting more than $2.7 billion in debt and handing control of the beauty products company to its lend[...]
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Biden will talk budget but won’t negotiate debt ceiling in Congress meeting
By Andrea Shalal and Nandita Bose WASHINGTON (Reuters) -President Joe Biden will not negotiate over the debt ceiling during his meeting with four top congressional leaders on May 9, but he will discus[...]
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As lithium miners gear up for first-quarter earnings, investors focus on tumbling prices
By Arshreet Singh (Reuters) – U.S. lithium miners Albemarle and Livent are expected to report a rise in quarterly profit this week, but investor focus will likely be on how they plan to navigate[...]
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U.S. job openings report keeps some soft landing hopes alive
By Howard Schneider WASHINGTON (Reuters) – A continued drop in job openings and a dip in the rate at which workers are quitting have kept alive, for now, a key Federal Reserve narrative that the[...]
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