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...
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...
Bipartisan Policy Center Says U.S. Could Miss Payments on October 2
2017-08-24 18:08:46 UTC
WASHINGTON (Reuters) - The U.S. government might not have enough money to pay all its bills on Oct. 2 if Washington does not raise a cap on federal borrowing, a respected think tank said in a report on Thursday.
The Treasury might not have enou...
Schumer Says Trump Wall Threat Will Lead to U.S. Government Shutdown
2017-08-23 15:30:20 UTC
WASHINGTON (Reuters) - Senate Democratic leader Chuck Schumer said on Wednesday that President Donald Trump's threat to shut down the government if he does not secure funding for a border wall with Mexico would lead to a shutdown that "nobody will...
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.
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...
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...
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...
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.
US officially informed the UN of its exit from the Paris accord
2017-08-05 06:27:42 UTC
WASHINGTON (Reuters) - The U.S. State Department has officially informed the United Nations it will withdraw from the Paris Climate Agreement in a document issued on Friday, but left the door open to re-engaging if the terms improved for the Unite...
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...
Apple bends to the will of China after Putin bans Apps
2017-08-02 19:47:45 UTC
Apple Conforms To Chinese Law Pulls Apps From China App Store As Russia Signs Law Banning Their Use.
Russia has signed a law banning the use of virtual private networks (VPNs) that enable users to gain access to websites banned in Russia.
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.
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...
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.
Only 29 percent of Americans want Congress to "continue working on a new healthcare bill"
2017-07-30 03:41:33 UTC
NEW YORK (Reuters) - A majority of Americans are ready to move on from healthcare reform at this point after the U.S. Senate's effort to dismantle Obamacare failed on Friday, according to an exclusive Reuters/Ipsos opinion poll released on Saturda...
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...
Elizabeth Warren called on Federal Reserve to remove members of Wells Fargo's board
2017-07-29 04:06:47 UTC
WASHINGTON (Reuters) - U.S. Senator Elizabeth Warren called on Federal Reserve Chair Janet Yellen to remove members of Wells Fargo & Co's board after revelations the company improperly charged customers for auto insurance.
In a letter sent Frid...
Repeal Fails: President Obama’s Health Law Will Stay
2017-07-30 03:51:28 UTC
WASHINGTON (Reuters) - A U.S. Senate led by Donald Trump's fellow Republicans dealt the president a harsh blow on Friday, failing to move ahead with a major campaign promise to dismantle Obamacare as they fell one vote short of passing healthcare ...
New EU aid to help refugees with rent and cash in Greece
2017-07-27 18:02:36 UTC
ATHENS (Reuters) - The European Commission will give Greece 209 million euros ($245 million) in new emergency aid to help refugees stranded in the country rent homes and pay for basics with a cash card, the Commission said on Thursday.
EU, the world's biggest trading bloc, seeks to set global trade rules - US out of the race
2017-07-27 16:29:50 UTC
BRUSSELS (Reuters) - If Donald Trump's ditching of a U.S.-led trade alliance with Pacific Rim nations wasn't a gift to the European Union, then it must be the next best thing.
The president's decision on his first day in office effectively pull...