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...
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...
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.
A Solar Eclipse Reflective Of America's Dark Mood
2017-08-21 16:35:24 UTC
Now America has a solar eclipse to match its dark mood.
The solar eclipse seems made to order for our current national mood. Darkness at midday? Just further proof of the gloomy times we’re living in.
Pick up any newspaper and the evide...
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....
Trump Encouraged Alt-Right Groups To Be More Violent
2017-08-16 04:21:43 UTC
NEW YORK (Reuters) - President Donald Trump insisted on Tuesday that left- and right-wing extremists became violent during a weekend rally by white nationalists in Virginia, reigniting a political firestorm over U.S. race relations and his own lea...
Future Is with Core EU- Germany and France, not Nationalism
2017-08-15 18:56:35 UTC
BRATISLAVA (Reuters) - Slovakia should be part of a deeply integrated 'core' European Union driven by Germany and France, its prime minister said on Tuesday, backtracking from previous eurosceptic positions and distancing himself from some other e...
New Low: Trump Job Approval Rating at 34%
2017-08-14 19:53:49 UTC
GALUPP (by Frank Newport) — President Donald Trump's job approval rating in Gallup Daily tracking is at 34% for the three-day period from Friday through Sunday -- by one point the lowest of his administration so far.
It is difficult to pinpoint...
Victim of Neo-Nazi White Nationalists Wept for Social Justice
2017-08-14 07:13:23 UTC
(Reuters) - Heather Heyer came to downtown Charlottesville with her friends to make a stand against white nationalists who converged on the Virginia college town to demand the city keep a statue honoring a Confederate war hero, her boss said on Su...
WH-Gorka: Tillerson’s input on military matters nonsensical
2017-08-11 04:42:23 UTC
An adviser to President Donald Trump said it was "simply nonsensical" to think that Secretary of State Rex Tillerson should discuss US military decisions in relation on North Korea.
Sebastian Gorka, deputy assistant to the president, made the ...
Who is more crazy, Kim Jong-un or Trump?
2017-08-09 21:09:42 UTC
Sen. John McCain summed up a widespread American view when last March he described Kim Jong-un as “this crazy fat kid that’s running North Korea.”
The breathless style of media reporting about Kim, and his father before him, has played up his ...
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.
Apple to launch 'Call Watches' without needing an iPhone
2017-08-04 22:52:29 UTC
(Reuters) - Apple Inc plans to release a version of its smartwatch later this year that can connect directly to cellular networks, Bloomberg reported on Friday, citing people familiar with the matter.
Some of the new models for the Apple Watch ...
EU ready to retaliate over new US sanctions on Russia
2017-08-02 17:29:12 UTC
BRUSSELS (Reuters) - The European Union's chief executive on Wednesday said the United States had taken into account some of the bloc's concerns over new sanctions on Russia but that it was ready to retaliate within days if the measures hurt EU ec...
U.S. auto sales fall for fifth straight month in July
2017-08-01 17:48:21 UTC
DETROIT (Reuters) - U.S. carmakers said on Tuesday they continued to slash low-margin sales to daily rental fleets in July as General Motors, Ford and Fiat Chrysler Automobiles struggled to curb a slide in retail sales during the month.
BREXIT: UK could lose up to 40,000 investment banking jobs
2017-08-01 05:46:07 UTC
LONDON (Reuters) - Britain's finance industry could lose up to 40,000 investment banking jobs in the next few years unless it strikes a softer deal on its departure from the European Union, according to a new report by consultancy firm Oliver Wyma...
Germany: US sanctions against Russia violate international law
2017-08-01 05:31:14 UTC
BERLIN — Germany's economy minister, Brigitte Zypries, on Monday decried the US' latest round of sanctions against Russia, insisting that they violate international law by indirectly punishing European firms.
"The Americans cannot punish German...
U.S. flies bombers over Korean peninsula
2017-07-31 04:47:36 UTC
SEOUL (Reuters) - The United States flew two supersonic B-1B bombers over the Korean peninsula in a show of force after Pyongyang's recent tests of intercontinental ballistic missiles. President Trump said he was 'very disappointed in China' follo...
Facebook's Sheryl Sandberg: We need to start paying women well
2017-07-31 04:47:45 UTC
LONDON (Reuters) - Facebook Inc Chief Operating Officer Sheryl Sandberg called on governments and companies to do more to close the gender pay gap on Sunday and said both girls and boys should be encouraged to become leaders from an early age.
Tesla delivers the first 30 of its Model 3 cars in California
2017-07-30 16:01:45 UTC
FREMONT, Calif. (Reuters) - Tesla Chief Executive Officer Elon Musk said on Friday the Model 3 had over half a million advance reservations as he handed over the first 30 to employee buyers, setting the stage for the biggest test yet of the compan...