Economy

  • Only 29 percent of Americans want Congress to "continue working on a new healthcare bill"
    Only_29_percent_of_americans_want_congress_to_%22continue_working_on_a_new_healthcare_bill%22 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
    Tesla_delivers_the_fierst_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
    16459_%e2%80%9ci%e2%80%99ve_got_two_words_for_you__ted-_boo_hoo.%e2%80%9d_elizabeth_warren%e2%80%99s_epic_teardown_of_ted_cruz 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
    Obamacare_repeal_fails-_president_obama%e2%80%99s_health_law_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
    New_eu_aid_to_help_refugees_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. About 62...
  • EU, the world's biggest trading bloc, seeks to set global trade rules - US out of the race
    Eu__the_world's_biggest_trading_bloc__seeks_to_set_global_trade_rules 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...
  • Senate rejects Obamacare repeal again, eyes 'skinny' bill
    Senate_rejects_obamacare_repeal_again__eyes_'skinny'_bill 2017-07-27 05:51:10 UTC
    WASHINGTON (Reuters) - Senate Republicans fell short again in their effort to end Obamacare, rejecting a measure to repeal large portions of former President Obama's signature law that has provided health insurance to millions of Americans. The...
  • US automakers expect a rougher ride for the rest of the year
    Ford_plans_to_shrink_its_salaried_workers_in_us_by_3000 2017-07-26 19:53:53 UTC
    DETROIT (Reuters) - Ford Motor Co on Wednesday joined rival General Motors Co in reporting higher-than-expected second-quarter profits, and in the next breath warning of a rougher ride for the rest of the year. Ford said full-year pre-tax profi...
  • Senate advances on healthcare and votes to open debate
    Senate_advances_on_healthcare_and_votes_to_open_debate 2017-07-26 07:17:58 UTC
    WASHINGTON (Reuters) - U.S. Senate Republicans narrowly agreed to open debate on a bill to repeal Obamacare, but the party's seven-year effort to roll back President Obama's signature healthcare law still faces significant hurdles. The Sena...
  • Germany confronts Russia over Siemens turbines in Crimea
    Germany_confronts_russia_over_siemens_turbines_that_were_sent_to_crimea 2017-07-23 04:38:53 UTC
    <blockquote>FRANKFURT (Reuters) - Germany has warned Russia that breaches of sanctions including the relocation to Crimea of four gas turbines delivered to Russia by Siemens are straining political relations between the two countries, 'Bild am Son...
  • African immigrants in Germany help refugees to integrate
    African_immigrants_in_germany_help_refugees_to_integrate 2017-07-21 06:52:17 UTC
    <blockquote><h2>How African migrants are turning the tide for refugees in Germany</h2><h3><i>There's hardly anyone more qualified to help migrants and refugees new to Germany than former newcomers themselves. This is the premise of AfricanTide, an...
  • Solid European economic outlook kept euro strong against dollar
    Solid_european_economic_outlook_kept_euro_strong_against_dollar 2017-07-21 04:12:59 UTC
    TOKYO (Reuters) - Concerns about Trump's inability to push the US economy and strong global growth are weakening the dollar. The euro held near two-year highs against the dollar on Friday after the head of the European Central Bank said taperin...
  • Obamacare repeal would leave 32 million more uninsured
    More_than_9.2_million_sign_for_obamacare 2017-07-19 22:58:36 UTC
    WASHINGTON (Reuters) - Thirty-two million Americans would lose their health insurance by 2026 if Obamacare is repealed without a replacement, the U.S. Congressional Budget Office reported late on Wednesday as President Donald Trump pushed fellow S...
  • Brexit EU hub: Morgan Stanley & Citigroup choosing Frankfurt
    Brexit_job_moves-_morgan_stanley_and_citigroup_choose_frankfurt 2017-07-19 16:48:26 UTC
    FRANKFURT/LONDON (Reuters) - Morgan Stanley has chosen Frankfurt to be the new base for its European Union operations as Britain prepares to leave the bloc, according to a source familiar with the matter, becoming the latest U.S. bank to pick the ...
  • Republicans in chaos over healthcare legislation
    Republicans_in_chaos_over_healthcare_legislation 2017-07-18 18:40:01 UTC
    WASHINGTON (Reuters) - Republicans in the U.S. Congress were in chaos over healthcare legislation after a second attempt to pass a bill in the Senate collapsed late on Monday. "Regretfully, it is now apparent that the effort to repeal and imme...
  • US Dollar falls to lowest level in 2017
    Us_dollar_falls_to_lowest_level_in_2017 2017-07-17 21:08:40 UTC
    NEW YORK (Reuters) - The U.S. dollar hit its lowest level against a basket of major currencies in 10 months on Monday and the Australian dollar hit a more than two-year high on strong Chinese economic data and doubts that the Federal Reserve would...
  • Angela Merkel: Brexit changed my view on Europe
    Angela_merkel-_brexit_changed_my_view_on_europe 2017-07-15 18:57:48 UTC
    ZINGST, Germany (Reuters) - German Chancellor Angela Merkel told voters on Saturday that Britain's decision to leave the European Union and France's election of President Emmanuel Macron had changed her view on the bloc, adding it was worth fighti...
  • McCain: The Republican bill to roll back Obamacare is likely dead
    Mccain-_the_republican_bill_to_roll_back_obamacare_is_likely_dead 2017-07-09 17:08:21 UTC
    WASHINGTON — U.S. Republican senator John McCain predicted on Sunday that the Republican bill to roll back Obamacare would likely fail, adding to growing signs that the bill is in trouble. "My view is that it's probably going to be dead," Senat...
  • US auto industry has been bracing for a downturn
    Us_auto_industry_has_been_bracing_for_a_downturn 2017-07-03 16:51:23 UTC
    The U.S. auto industry has been bracing for a downturn after hitting a record 17.55 million new vehicles sold in 2016. A glut of nearly new used vehicles poses competition for new vehicle sales and automakers have relied increasingly on high consu...
  • Tesla Model 3 passed all regulatory requirements for production
    Tesla_inc's_high-volume_model_3_sedan_passed_all_regulatory_requirements_for_production 2017-07-03 06:23:42 UTC
    Tesla Inc's high-volume Model 3 sedan passed all regulatory requirements for production two weeks ahead of schedule, Chief Executive Elon Musk tweeted on Sunday night. Musk said in May that Tesla was on track to begin production of the $35,000 ...
  • Shortlisted bidders in race to buy $10b valued Global Logistic Properties Ltd
    Shortlisted_bidders_in_race_to_buy__10b_valued_global_logistic_properties 2017-07-03 05:50:18 UTC
    SINGAPORE — Global Logistic Properties Ltd said on Monday it had received "firm proposals" from shortlisted bidders, days after sources told Reuters that suitors had narrowed to a management-backed Chinese consortium and a group led by Warburg Pin...
  • VW to spend $800 million in California and a total of $2 billion nationwide on clean car infrastructure
    Vw_to_spend__800_million_in_california_and_a_total_of__2_billion_nationwide_on_clean_car_infrastructure 2017-06-29 23:39:43 UTC
    San Francisco — Volkswagen AG on Thursday told California it was expanding efforts to build electric car infrastructure in poorer communities, responding to regulators who described "shortcomings" in VW's plan. The California Air Resources Boar...
  • GOP delays vote on health care bill: Fear of a disastrous defeat
    Gop_delays_vote_on_health_care_bill-_fear_of_a_disastrous_defeat 2017-06-27 21:00:38 UTC
    WASHINGTON — Facing a potentially disastrous defeat by members of his own party, U.S. Senate Majority Leader Mitch McConnell decided on Tuesday to delay a vote on healthcare legislation in order to get more support from Republican senators. Pre...
  • Massive hack attack: "It's like WannaCry all over again"
    Massive_hack_attack-_%22it's_like_wannacry_all_over_again%22_ 2017-06-27 17:39:04 UTC
    MOSCOW/KIEV — A ransomware attack hit computers across the world on Tuesday, taking out servers at Russia's biggest oil company, disrupting operations at Ukrainian banks, and shutting down computers at multinational shipping and advertising firms....
  • Koch brothers: Eliminate medicaid for poor and disabled Americans
    Koch_brothers-_eliminate_medicaid_for_poor_and_disabled_americans 2017-06-26 07:13:57 UTC
    COLORADO SPRINGS, COLO. — Officials with the conservative U.S. political network overseen by the Koch brothers say they are unhappy with the healthcare bill that may be voted on by the Senate this week and will lobby for changes to it. At a wee...