By John Kruzel and Andrew Chung WASHINGTON (Reuters) -The fate of President Joe Biden’s plan to cancel $430 billion in student debt for about 40 million borrowers was placed in the hands of the U.S. Supreme Court on Tuesday as the justices began hearing arguments in a case that presents another major test of executive …
US Supreme Court begins arguments over Biden student debt relief Read More »
By Sruthi Shankar and Shristi Achar A (Reuters) – The S&P 500 and Dow indexes slipped in the final trading session of Februray as Treasury yields rose to multi-month highs on bets of more interest rate hikes by the Federal Reserve. Wall Street’s main indexes were set for monthly declines after a strong performance at …
S&P 500, Dow slip in final session of turbulent February Read More »
(Reuters) -Oilfield services firm Atlas Energy Solutions Inc plans to get a valuation of around $2 billion in its initial public offering in the United States, a regulatory filing showed on Tuesday. The company provides logistics services to customers in the oil and natural gas industry within the Permian Basin of West Texas and New …
Oilfield services firm Atlas Energy aims for $2 billion valuation in U.S. IPO Read More »
DOHA (Reuters) – Uber Technologies Inc’s Middle Eastern business Careem will cease operations in Qatar from Tuesday, the company said in a message sent to customers in the Gulf Arab state on Monday. The surprise announcement comes two months after the soccer World Cup in Qatar, when Careem-branded vehicles were part of the tournament’s official …
Uber’s Mideast business Careem to cease operations in Qatar Read More »
By Uday Sampath Kumar (Reuters) -Target Corp posted a surprise rise in holiday-quarter sales on Tuesday on higher store visits from discount-hungry Americans, even as it joined other retailers to caution on 2023 earnings due to an uncertain U.S. economy. Shares rose 2% as the company beat quarterly profit estimates for the first time in …
Target’s holiday sales get boost from discounts, warns on 2023 earnings Read More »
(Reuters) – As the U.S. economy holds up better than expected in the face of aggressive interest rate hikes, markets have started pricing in a higher peak rate as the Federal Reserve battles sticky inflation in a tight labor market. Recent U.S. data, including an uptick in personal consumption expenditure – the Fed’s preferred gauge …
Factbox-Fed rate watch: Wall Street banks see longer hike cycle, higher rates Read More »
By Ananya Mariam Rajesh (Reuters) -Norwegian Cruise Line Holdings Ltd forecast for its first annual profit in three years fell short of estimates on Tuesday, as the cruise operator feels the squeeze from soaring fuel and labor costs. Shares fell about 6% in early trading after the company’s bigger-than-expected first-quarter loss estimate. Norwegian Cruise and …
Norwegian Cruise’s rocky forecast after revenue beat hits shares Read More »
JERUSALEM (Reuters) – Israeli Finance Minister Bezalel Smotrich said on Tuesday he saw the country’s economy being strengthened by the government’s proposed judicial overhaul, but that he would assume responsibility for any economic harm caused by it. He described the fury over the proposals as a political event that the government is managing. Â Â Â “There …
Israel economy to benefit from judicial reforms, finance minister says Read More »
By Kylie Madry MEXICO CITY (Reuters) – For housing access to improve in Mexico, financial support such as mortgages or subsidies, along with greater buy-in from local governments and the private sector, is key, according to a study published on Tuesday. “The idea is to now turn the focus to the poorest 20%, 30% of …
Mexico’s ‘historic moment’ for housing needs financing help – study Read More »
WASHINGTON (Reuters) -The U.S. trade deficit in goods increased moderately in January, with both imports and exports rising solidly, leaving trade on track to have little or no impact on gross domestic product growth early in the first quarter. The goods trade deficit widened 2.0% to $91.5 billion, the Commerce Department said on Tuesday. This …
U.S. goods trade deficit widens in January; wholesale inventories decline Read More »
