By Akash Sriram and Aditya Soni (Reuters) -Lyft Inc lost more than a third of its market value on Friday after a bleak forecast fueled worries that the company’s price cuts to avoid being a distant second to Uber in the North American ride-sharing market would squeeze profits. Analysts said any pickup in ride volumes …
By David Lawder WASHINGTON (Reuters) -The U.S. government posted a $39 billion budget deficit for January after a $119 billion monthly surplus a year earlier, as revenues dipped and one-time costs, including the bailout of a union pension fund, pushed outlays sharply higher, the Treasury Department said on Friday. The report, which comes as Treasury …
U.S. posts $39 billion January deficit after pension fund bailout Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. monthly consumer prices rose in December instead of falling as previously estimated and data for the prior two months was also revised up, which some economists said raised the risk of higher inflation readings in the months ahead. The consumer price index edged up 0.1% in December rather …
Revisions show U.S. consumer prices a bit firmer than previously reported Read More »
By Isabel Woodford and Marion Giraldo (Reuters) -Peru’s economy and inflation have likely been hit by the ongoing social upheaval that has rocked the Andean nation since December, early indications suggest, the head of the central bank’s economic studies unit, Adrian Armas, said on Friday. Protests over the removal and arrest of former President Pedro …
Peru central bank: Early info shows protests affecting growth, inflation Read More »
By James Oliphant TALLAHASSEE, Fla. (Reuters) -When a newly elected Florida legislator endorsed a bill allowing residents to carry a concealed firearm without a permit, he was both demonstrating his fealty to Ron DeSantis and helping to burnish the governor’s conservative credentials for a possible White House run in 2024. State Senator Jay Collins’ support …
DeSantis seeks wins on guns, abortion before facing Trump in 2024 Read More »
WASHINGTON (Reuters) -Former U.S. Vice President Mike Pence and former national security adviser Robert O’Brien have been subpoenaed by the special counsel leading probes into classified documents found at former President Donald Trump’s Mar-a-Lago residence and efforts to overturn the 2020 election result, according to media reports on Thursday. Pence was issued a subpoena by …
Former VP Pence, ex-Trump official subpoenaed in special counsel probes – reports Read More »
By Andrea Shalal WASHINGTON (Reuters) – The U.S. Treasury Department will focus in coming months on cracking down on facilitators and third-country providers helping Russia evade Western sanctions, Treasury said on Friday. Deputy Treasury Secretary Wally Adeyemo told a meeting of academics and other experts on sanctions and U.S. foreign policy that Treasury will increase …
U.S. Treasury to crack down on Russian sanctions evasion – Adeyemo Read More »
WASHINGTON (Reuters) – U.S. consumer sentiment improved further in February, but households expected higher inflation to persist over the next 12 months, a survey showed on Friday. The University of Michigan’s preliminary February reading on the overall index of consumer sentiment came in at 66.4, up from 64.9 in the prior month. Economists polled by …
By Valerie Volcovici WASHINGTON (Reuters) – The Environmental Protection Agency (EPA) on Friday announced 22 new sites that will benefit from $1 billion in funding from a program designed to remediate hazardous waste sites, such as landfills, mines and manufacturing facilities. The EPA also said it will use the funds to expedite the clean up …
U.S. EPA announces $1 billion for new Superfund cleanups Read More »
(Reuters) -Ford Motor Co has cut its stake in struggling EV maker Rivian Automotive Inc to 1.15%, a week after the Detroit automaker reported a fall in profit and predicted a tough year ahead. Shares of Rivian, which declined to comment on the matter, were down 3.6% in early trade. Ford, which wrote down the …
Ford cuts Rivian stake to about 1% amid production woes at EV maker Read More »
