By Lewis Krauskopf NEW YORK (Reuters) – A spate of earnings reports in coming weeks is set to test a recent bounce in technology and other megacap stocks, a category whose leadership position in U.S. markets has faltered after last year’s deep selloff. The tech-heavy Nasdaq 100 index has gained nearly 6.2% in 2023, compared …
Tech stock rebound faces doubters with earnings season ahead Read More »
By Chuck Mikolajczak (Reuters) – U.S. stocks rallied to close higher on Friday, as the S&P 500 and Dow snapped a three-session losing streak and the Nasdaq rose more than 2%, as quarterly earnings helped lift Netflix, while Google parent Alphabet climbed after announcing job cuts. Shares of Netflix Inc jumped 8.46% as the streaming …
Wall Street rallies to end higher on Alphabet, Netflix lift Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. House of Representatives plans to take up bipartisan legislation next week to establish a Federal Aviation Administration (FAA) task force to improve a pilot messaging database that failed last week, disrupting 11,000 flights. The outage of the Notice to Air Missions (NOTAM) database prompted the Jan. 11 nationwide …
U.S. House eyes creating task force on flawed aviation computer system Read More »
By Gabriella Borter WASHINGTON (Reuters) – Thousands of abortion opponents rallied in Washington on Friday for the 50th annual “March for Life,” marking a new chapter for a movement that has organized for decades around overturning Roe v. Wade, the landmark ruling that recognized a women’s right to an abortion. With that ruling now thrown …
Abortion opponents call for stricter bans at first post-Roe Washington march Read More »
By Douglas Gillison and Chris Prentice (Reuters) – The U.S. accounting watchdog is facing a lawsuit over claims the regulator’s process of handling disciplinary matters behind closed doors is unconstitutional. The lawsuit, filed Thursday in federal court in Texas by the conservative Washington-based New Civil Liberties Alliance, accuses the Public Company Accounting Oversight Board (PCAOB) …
U.S. accounting watchdog faces lawsuit over its ‘secretive’ disciplinary process Read More »
By Andrea Shalal and Jeff Mason DAKAR/WASHINGTON (Reuters) -Treasury Secretary Janet Yellen on Friday warned that the U.S. government cannot choose to pay some bills over others if Congress fails to raise the borrowing limit, as President Joe Biden and top Republican Kevin McCarthy made plans to meet to discuss the issue. Speaking to reporters …
Biden, McCarthy to meet on debt limit as Yellen warns of consequences Read More »
By Jeff Mason and Steve Gorman APTOS, Calif. (Reuters) -U.S. President Joe Biden stressed global warming’s role in natural disasters on Thursday as he toured parts of California after three weeks of deadly “atmospheric river” storms inflicted floods and mudslides on a state long plagued by drought and wildfires. “If anybody doubts that the climate …
Biden highlights climate change as he tours California areas lashed by storms Read More »
LONDON (Reuters) -Investors poured a record $12.7 billion into emerging-market debt and equity funds in the week to Wednesday, in response to China’s easing of its COVID-19 restrictions on activity, data on Friday from BofA Global Research showed. The sudden shift in Chinese policy has boosted many different asset classes, from commodities and mining stocks …
China reopening spurs record inflows into emerging market funds -BofA Read More »
By Trevor Hunnicutt WASHINGTON (Reuters) – The White House is refusing to negotiate with hardline Republicans on raising the debt ceiling because it believes enough of them will eventually back off their demands, as a growing chorus of investors, business groups and moderate conservatives warn of the dangers of edging towards a default. The high-stakes …
On debt ceiling, White House bets Republicans will blink under pressure Read More »
By Mike Scarcella (Reuters) -Florida Governor Ron DeSantis, considered a possible 2024 Republican presidential contender, will not be forced to reinstate an elected state prosecutor he suspended over his pledge not to bring criminal cases against people seeking or providing abortions, a federal judge ruled on Friday. U.S. District Judge Robert Hinkle in the state …
Judge rules for Florida’s DeSantis against prosecutor for abortion stance Read More »
