JPMorgan's Dimon says Bitcoin 'is a fraud' and will blow up
2017-09-12 21:06:11 UTC
NEW YORK (Reuters) - Bitcoin “is a fraud” and will blow up, Jamie Dimon, chief executive of JPMorgan Chase & Co (JPM.N), said on Tuesday.
Speaking at an investor conference in New York, Dimon said, “The currency isn’t going to work. You can’t h...
US job openings continue to rise amid a scarcity of qualified workers
2017-09-12 20:29:53 UTC
WASHINGTON (Reuters) - U.S. job openings rose to a record high in July, suggesting a slowdown in job growth in August was an aberration and that the labor market was strong before the recent disruptive hurricanes.
The monthly Job Openings and L...
Brexit may force Toyota to shift some UK production elsewhere
2017-09-12 18:54:54 UTC
FRANKFURT (Reuters) - Deepening uncertainties over the direction and timetable of Brexit negotiations may force Toyota to shift some UK production elsewhere if they are not addressed, the Japanese carmaker warned on Tuesday.
Early government as...
Trump Tweets: 'start the Tax Reform/Tax Cut legislation ASAP'
2017-09-08 17:38:35 UTC
WASHINGTON (Reuters) - U.S. President Donald Trump urged fellow Republicans on Friday to begin work on tax reform legislation immediately, exhorting them to hurry up after two days in which he stunned members of his party with overtures to opposit...
Ryan and Mnuchin See U.S Tax Overhaul by End of Year
2017-09-07 17:05:19 UTC
Doina Chiacu, Susan Heavey
WASHINGTON (Reuters) - Treasury Secretary Steven Mnuchin and House of Representatives Speaker Paul Ryan voiced confidence on Thursday that Congress will pass an overhaul of the U.S. tax code by the end of this year, a...
Elizabeth Warren backs Medicare for All
2017-09-07 16:49:43 UTC
Elizabeth Warren backs Medicare for All. Bernie Sanders has not yet introduced his Medicare for All bill in the Senate, but on Thursday morning it gained an important supporter in Warren. In a statement, Warren said she based her decision on her c...
Brazilian Firm, Odebrecht, Denies Paying Venezuelan Politician $100 Million
2017-09-07 16:33:08 UTC
CARACAS (Reuters) - Scandal-hit Brazilian construction company Odebrecht denied accusations it paid $100 million to Venezuelan Socialist Party Vice President Diosdado Cabello, as alleged by the country’s fugitive former chief prosecutor.
Macron backs Germany’s idea of a European Monetary Fund to counter economic shocks
2017-09-07 17:57:39 UTC
ATHENS (Reuters) - French President Emmanuel Macron on Thursday backed Germany’s idea of a European Monetary Fund (EMF) to counter economic shocks in euro zone member states but stressed the ultimate goal of deeper integration should remain a euro...
NAFTA Nations Plan For Progress Despite Trump
2017-08-31 16:51:33 UTC
MEXICO CITY (Reuters) - Trade negotiators plan to take small steps forward in a second round of talks to rework the North American Free Trade Agreement (NAFTA) this weekend, trying to ignore daily threats from U.S. President Donald Trump to tear i...
Bitcoin Derived Blockchain Used in Car Sharing
2017-08-30 14:53:09 UTC
DETROIT (Reuters) - The technology underpinning the cryptocurrency bitcoin is migrating to the auto industry and vehicle sharing.
Accounting and consulting firm EY, part of Ernst & Young Global Ltd, said on Wednesday it was launching a blockcha...
Hurricane Harvey Shuts Down Texas Oil Refineries: Weeks to Recover
2017-08-29 14:38:11 UTC
The hole that Hurricane Harvey ripped across the energy industry along the Gulf Coast will take time to repair, and the Trump administration doesn't look ready to tap into the government's crude oil reserves to head off a jump in gasoline prices.
North Korea Missile Test Jolts Investors: U.S. Stocks Drop
2017-08-29 14:07:59 UTC
(Reuters) - The Dow fell more than 100 points at the open on Tuesday as North Korea’s missile test over Japan prompted President Donald Trump to warn that “all options are on the table”, triggering a flight to safety among investors.
Harvey's Aftermath: 400,000 Mortgages Are Up In The Air
2017-08-29 01:40:39 UTC
(Reuters) - U.S. mortgage agencies face possible losses on some of the 400,000 mortgages they guarantee on homes ravaged by Hurricane Harvey, but they will not know the extent of the damage until the wind and rain stop in Texas and Louisiana.
Euro Strengthened By EU Economic Growth
2017-08-28 00:29:56 UTC
SINGAPORE (Reuters) - The euro surged to its highest level since January 2015 against the dollar early on Monday.
The euro advanced 0.3 percent to $1.1953 on Monday, extending Friday’s 1 percent jump.
“The EUR bulls will feed off anything th...
Samsung Vice Chairman Jay Y. Lee sentenced for five years
2017-08-25 07:18:22 UTC
SEOUL (Reuters) - A South Korean court jailed Samsung Electronics Vice Chairman Jay Y. Lee for five years on Friday.
The Seoul Central District Court was delivering its verdict on charges against Lee, 49, ranging from bribery to perjury in a sc...
Whole Foods' Competitors Fear Amazon Price Cuts
2017-08-25 06:36:18 UTC
(Reuters) - Amazon said it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market, sending shares of rival grocers tumbling on fears that brutal market share battles will intensify.
Amazon’s $13.7 bill...
White House Supports Raising Debt Ceiling
2017-08-24 20:06:44 UTC
WASHINGTON (Reuters) - The White House said on Thursday it was committed to making sure Congress raises the nation's debt limit even as the president described the looming legislative process as a "mess."
"It's our job to inform Congress of the...
Fired Google Engineer Hires Lawyer in Free Speech Case
2017-08-24 17:30:02 UTC
Google found itself at the epicenter of controversy this month after a 10-page anti-diversity manifesto written by one of its employees, which had circulated internally at the company, went viral. James Damore, the employee who wrote the memo—whic...
U.S. workers have low hopes for higher pay
2017-08-21 17:01:39 UTC
NEW YORK (Reuters) - U.S. workers see little hope for higher paychecks, and while they are increasingly searching for new jobs, they expect fewer offers to fall into their laps, according to a Federal Reserve survey published on Monday.
Trump disbanded business councils after CEOs exit
2017-08-16 18:35:17 UTC
WASHINGTON/NEW YORK (Reuters) - U.S. President Donald Trump disbanded two high-profile business advisory councils on Wednesday after corporate CEOs quit in protest at his remarks blaming violence in Charlottesville, Virginia, not only on white nat...
EU Strong Economic Growth Is On Track
2017-08-16 08:10:41 UTC
LONDON (Reuters) - Miners and oil stocks helped Europe's major share index make strong gains on Wednesday, as higher metals prices lent a hand and investors awaited euro zone GDP figures expected to confirm the bloc's economic growth was on track....
Premiums would rise 20% if Trump stops federal pay for health care
2017-08-15 19:45:50 UTC
WASHINGTON (Reuters) - Premiums for many would rise 20 percent in 2018 if Trump stops federal payments to health insurers, a nonpartisan congressional office said on Tuesday.
The Congressional Budget Office also found that terminating the payme...
Is Recession Looming? U.S. Household Debt Jumps To A New Record High
2017-08-15 18:10:40 UTC
NEW YORK (Reuters) - Americans' debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card debt, where delinquencies j...
Check your math: less immigration equals less growth
2017-08-08 08:03:31 UTC
(Reuters) - Less than week after a U.S. President Donald Trump embraced legislation to reduce immigration, Minneapolis Federal Reserve Bank President Neel Kashkari urged residents of South Dakota to embrace newcomers instead.
"Just going to mat...
How much would the UK be willing to pay to leave the EU?
2017-08-06 04:16:37 UTC
LONDON (Reuters) - Britain is prepared to pay up to 40 billion euros ($47 billion) as part of a deal to leave the European Union, the Sunday Telegraph newspaper reported, citing three unnamed sources familiar with Britain's negotiating strategy.