Reuters US Business

By David Lawder WASHINGTON (Reuters) -The United States needs to raise revenues to bring down high budget deficits even though they are helping to fuel global growth by stoking domestic U.S. demand, International Monetary Fund First Deputy Managing Director Gita Gopinath said on Saturday. Gopinath told a fiscal forum at the IMF and World Bank …

IMF’s Gopinath says high U.S. deficits fueling growth, higher interest rates Read More »

RIYADH (Reuters) – Dubai’s flagship carrier Emirates and sister airline flydubai have restored normal operations after heavy rains caused severe flooding across the United Arab Emirates earlier this week, the airlines said on Saturday. Emirates cancelled nearly 400 flights and delayed many more as a result of a record storm that hit the desert city …

Emirates and flydubai resume normal operations after Dubai floods Read More »

By Nilutpal Timsina (Reuters) – Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each on Friday, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations. Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, …

Tesla cuts US prices of Models Y, X, S by $2,000 Read More »

SAO PAULO (Reuters) – Brazilian planemaker Embraer said on Friday it delivered 25 aircraft – seven commercial planes and 18 executive jets – in the first quarter of 2024, a 67% increase on a yearly basis. Embraer, the world’s third-largest planemaker behind Boeing and Airbus, said in a securities filing that its firm order backlog …

Brazil’s Embraer delivers 25 jets in Q1; backlog hits 7-year high Read More »

By Howard Schneider and Pete Schroeder WASHINGTON (Reuters) -Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve’s latest survey of U.S. central bank contacts, with geopolitical troubles and the 2024 U.S. presidential election also mentioned as “a potentially significant source of shocks.” “Contacts noted several areas …

Fed survey cites inflation, US election as key financial stability risks Read More »

By Marcela Ayres WASHINGTON (Reuters) – Bank of Mexico Deputy Governor Jonathan Heath said on Friday the benchmark interest rate is likely to remain unchanged for longer than expected by markets, noting it would likely stay put at 11% at the May policy meeting and that the June decision would be data dependent. Speaking to …

Bank of Mexico deputy governor sees rates on hold for longer than expected Read More »

(Reuters) – UnitedHealth CEO Andrew Witty will testify before a U.S. House subcommittee on May 1 about a recent cyberattack at the company’s technology unit and its impact on patients and providers, the Energy and Commerce Committee said on Friday. The hack at Change Healthcare, a provider of healthcare billing and data systems, on Feb. …

UnitedHealth CEO to testify before US House panel on cyberattack at tech unit Read More »

By Jonathan Stempel (Reuters) – Wells Fargo was accused of sex discrimination in a lawsuit by a bond saleswoman who said the fourth-largest U.S. bank denied pay and promotions available to men and tolerated an “unapologetically sexist” workplace. The complaint filed on Friday in federal court in Chicago by Michal Leavitt is the latest in …

Wells Fargo bond saleswoman sues over ‘unapologetically sexist’ workplace Read More »