By Karen Freifeld and Rich McKay NEW YORK/PALM BEACH, Florida (Reuters) -Donald Trump, the ex-president and frontrunner for the Republican 2024 nomination, flew into New York City on Monday for an historic court appearance to face charges stemming from a probe into hush money paid to a porn star. With New York taking security precautions …
Indicted Trump arrives in New York for his day in court Read More »
By Noel Randewich and Ankika Biswas (Reuters) – The S&P 500 ended higher on Monday, lifted by energy stocks following surprise cuts to the OPEC+ group’s oil output targets, while Tesla tumbled after its electric vehicle deliveries for the first quarter disappointed investors. Tesla Inc dropped 6.1% after disclosing March-quarter deliveries rose just 4% from …
S&P 500 ends higher as oil stocks rally; Tesla tumbles Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – Brent crude oil climbed $5 a barrel on Monday after Saudi Arabia and other OPEC+ producers announced new production cuts, and gains in energy shares helped lift world stock indexes. The Dow and S&P 500 ended higher, with the S&P energy sector rising 4.9% for its biggest daily …
Brent crude jumps $5/bbl after output cuts; stocks rise Read More »
By Julie Steenhuysen CHICAGO (Reuters) – The U.S. National Institute on Aging (NIA) is funding a 6-year, up to $300 million project to build a massive Alzheimer’s research database that can track the health of Americans for decades and enable researchers to gain new insights on the brain-wasting disease. The NIA, part of the government’s …
Exclusive-US to build $300 million database to fuel Alzheimer’s research Read More »
By Clara Denina and Pratima Desai LONDON (Reuters) -putting down for author to review and revise -dg Copper and zinc miner Teck Resources on Monday rejected an unsolicited $22.5 billion bid from Glencore Plc, citing reluctance to expose its shareholders to thermal coal, oil, LNG and related sectors. New York-listed shares of Teck jumped 19.6% …
Copper miner Teck Resources rejects Glencore’s $22.5 billion offer Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar stumbled on Monday, surrendering earlier gains following unexpected oil output cuts from OPEC+, as data showed the U.S. economy continued to slow with declines in manufacturing and construction spending. Data on Monday added to the narrative that the Federal Reserve is near the end of its …
Dollar skids after soft U.S. economic data; impact of OPEC+ cuts fades Read More »
By Shariq Khan BENGALURU (Reuters) – Oil benchmarks jumped 6% on Monday, the day after the OPEC+ group jolted markets with plans to cut more production, raising fears of tightening supplies while some warned of reduced demand if oil refiners flinch at paying higher prices for crude. Brent crude settled higher by $5.04, or 6.3%, …
Oil leaps 6% as OPEC+ shocks markets by cutting output target Read More »
LONDON (Reuters) – OPEC and its allies, including Russia, agreed on Sunday to widen crude oil production cuts to 3.66 million barrels per day (bpd) or 3.7% of global demand. The surprise announcement helped push up prices by $5 per barrel to above $85 per barrel. Here are the main reasons why OPEC+ is cutting …
By Lucia Mutikani, Jonathan Cable and Leika Kihara WASHINGTON/LONDON/TOKYO (Reuters) -Global factory activity weakened in March as consumers feeling the pinch from rising living costs cut back, surveys showed on Monday, suggesting a deteriorating outlook will remain a drag on economic recoveries and keep policymakers on their toes. U.S. manufacturing activity slumped to the lowest …
Global factory activity weakens as demand falters Read More »
By Tim Hepher PARIS (Reuters) -Global carriers warned on Monday that concerns over blocked airline funds in Africa and elsewhere could lead to interruptions in air services if there is no progress in talks to unfreeze money owed. About $1.6 billion of funds are being withheld in various Africa countries due to currency shortages or …
Airlines warn blocked funds dispute could hamper Africa growth Read More »
