Reuters Wire
US Economy Headed for Soft Landing: Bank of America CEO
NEW YORK — Bank of America CEO Brian Moynihan said on Wednesday, Nov. 8 that he expects a soft landing in which the U.S. economy avoids a recession even as consumer spending and commercial borrowing...
Sen. Menendez Pleads Not Guilty to Charge of Acting as Foreign Agent for Egypt
By Luc Cohen NEW YORK — U.S. Senator Bob Menendez pleaded not guilty on Monday (Oct. 23) to a new indictment charging him with conspiring to act as an unregistered foreign agent for the Egyptian...
Earthquake in Western Afghanistan Kills 2,400
KABUL — More than 2,400 people were killed in earthquakes in Afghanistan's western province of Herat, the Taliban administration said on Sunday, Oct. 7, in the deadliest tremors to rock the quake-prone mountainous country in...
Russian Mercenary Boss Prigozhin Reported Dead in Plane Crash, Kremlin Sacks ‘General Armageddon’ From Aerospace Command
On the same day (Aug. 23) that the plane reportedly carrying the bosses of Wagner private military company crashed in northwestern Russia with no survivors, the country's military has apparently announced a new leader for...
US Says It Is Working to Identify Alternative Paths for Ukraine Grain Exports
WASHINGTON — The United States on Wednesday condemned Russia's continued attacks on Ukraine's grain infrastructure and said it was working with partners to identify alternative options to ensure Ukrainian grain exports. "The United States ......
Credit Suisse Secures $54-billion Lifeline as Authorities Rush to Prevent Global Bank Crisis
By Tom Westbrook and Saeed Azhar, Reuters. Credit Suisse on Thursday (March 16) said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after a...
Biden Promises ‘whatever needed’ for US Bank System as SVB Shock Hammers Stocks
By Trevor Hunnicutt, Alun John and Rae Wee, Reuters Bank stocks around the world plunged on Monday even as President Joe Biden vowed to take whatever action was needed to ensure the safety of the...
US CDC to Lift COVID Testing Requirements for Travelers From China
By David Shepardson, Reuters WASHINGTON — The U.S. Centers for Disease Control and Prevention (CDC) confirmed on Wednesday, March 8 that it plans to end mandatory COVID-19 tests for travelers from China, joining other countries...
US to Sell Up to 5 Virginia-class Nuclear Subs to Australia Under AUKUS Deal: Reuters
By Idrees Ali, Phil Stewart and Steve Holland WASHINGTON — Australia is expected to buy up to five U.S. Virginia class nuclear powered submarines in the 2030's as part of a landmark defense agreement between...
US Consumer Spending Struggles Up After Two Years
U.S. consumer spending increased by the most in nearly two years in January following an uptick in wage gains, with the Federal Reserve expected to raise interests into summer. The report from the Commerce Department...
Yellen Plans IMF Financing Program for War-torn Ukraine
WASHINGTON, D.C. — U.S. Treasury Secretary Janet Yellen on Monday (Feb. 27) backed completion of a "fully financed and appropriately conditioned" program for Ukraine with the International Monetary Fund (IMF) by the end of March, the...
Russia Advances in Eastern Ukraine as Zelenskiy Warns of Tougher Battles
The situation on the front lines in eastern Ukraine "has become tougher" as Russian forces push for gains that they could show on the first anniversary of their invasion, on Feb. 24, President Volodymyr Zelenskiy...