By Steve Gorman and Brendan O’Brien LOS ANGELES (Reuters) – California, reeling from a month-long string of late-winter storms, braced for another bout of heavy rains, wind and snow on Monday, while most of New York state and New England girded for a powerful Nor’easter. The leading edge of the latest Pacific storm swept into …
California, Northeast menaced by late-season winter storms Read More »
By Steve Gorman and Brendan O’Brien LOS ANGELES (Reuters) – Emergency officials in several California counties spent Friday patrolling levies and swollen rivers as an “atmospheric river” storm drenched the already-sodden state with torrential rains, causing floods that washed out roads and prompted evacuations. The latest deluge from dense streams of Pacific moisture sweeping California’s …
California copes with heavy rain, flooding in latest ‘atmospheric river’ storm Read More »
(Reuters) -Eisai Co Ltd and Biogen Inc said on Monday that the U.S. Department of Veteran Affairs (VA) will provide coverage of their Alzheimer’s treatment Leqembi to veterans at an early stage of the memory-robbing disease. The VA did not immediately respond to a request for comment, but a document on its website shows that …
US VA to cover Eisai, Biogen Alzheimer’s treatment Leqembi Read More »
By Andrea Shalal WASHINGTON (Reuters) – Two years after enactment of U.S. President Joe Biden’s $1.9 trillion American Rescue Plan (ARP), the program has delivered over 10.3 million payments to renters in need and aided more than 30,000 state and local governments, data showed on Monday. Treasury said 99% of the $350 billion of ARP …
Lion’s share of Biden’s COVID relief funds delivered to states, local governments Read More »
By Chris Taylor NEW YORK (Reuters) – When financial planner Larry Pon started reading about the SECURE 2.0 Act that overhauls retirement saving, he was shocked at the provision about college funds. “Hey, this applies to me!” the certified public accountant from Redwood Shores, California, said. The new legislation lets savers roll over unused funds …
A new surprise for U.S. savers: Turn 529s into retirement money Read More »
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s economy may have contracted in the fourth quarter, three months ahead of a central bank forecast, a Reuters poll found, as the market questions whether an 18-month tightening cycle will need to be curtailed. Gross domestic product (GDP) is expected to be down 0.2% in the December …
New Zealand’s economy likely contracted in Q4, tightening cycle at risk Read More »
(Reuters) – Ratings agency Moody’s on Monday downgraded the debt ratings of collapsed New York-based Signature Bank deep into junk territory and placed the ratings of six other U.S. banks under review for a downgrade. Moody’s, which rated Signature Bank’s subordinate debt ‘C’, said it was also withdrawing future ratings for the collapsed bank. The …
Moody’s downgrades Signature Bank to junk, places six U.S. banks under review Read More »
(Reuters) – Becoming “further entangled in a territorial dispute between Ukraine and Russia” is not a vital U.S. national interest, said Florida Governor Ron DeSantis, who is eying running for president, in comments released on Monday. Public opinion polls show DeSantis as the strongest threat to former President Donald Trump for their party’s nomination for …
Further U.S. involvement in Ukraine is not vital national interest, says DeSantis Read More »
(Reuters) – Silicon Valley Bank’s new boss Tim Mayopoulos on Monday told clients that the lender is open and conducting business as usual, according to a letter seen by Reuters. Earlier in the day, the U.S. Federal Deposit Insurance Corporation had tapped former Fannie Mae head Mayopoulos as CEO of the newly created entity, named …
Silicon Valley Bank ‘conducting business as usual’, new CEO says Read More »
By Clark Mindock and Timothy Gardner WASHINGTON (Reuters) -The oil industry on Monday cheered the U.S. government’s greenlighting of ConocoPhillips’ multibillion-dollar oil drilling project in Alaska’s Arctic, but court challenges could mire the plans in further delays.  President Joe Biden’s administration approved a trimmed-down version of the $7 billion Willow project on federal lands in …
Analysis-Legal challenges could delay Alaska’s Willow oil project Read More »
