By Lewis Krauskopf and Saqib Iqbal Ahmed NEW YORK (Reuters) -Investors have shifted from panicking about tariffs to relief buying, lifting the U.S. stock market back to record highs as corporate earnings and the U.S. economy held up better than many had expected through a period of dramatic policy change. The S&P 500, seen as …
S&P 500 record fueled by earnings strength, easing tariff fear Read More »
(Reuters) -The Inter-American Development Bank (IDB) approved a conditional credit line of $2 billion to strengthen fiscal management in Brazil, it said on Friday. The funds will go toward modernizing the South American nation’s tax management processes and systems, the lender said in a statement, starting with an initial $30 million loan for the state …
(Reuters) -The S&P 500 and Nasdaq notched record high closes on Friday for the first time in months, rebounding from a slump caused by U.S. President Donald Trump’s trade policies that threatened to tip the global economy into a recession. The S&P 500 index advanced 0.5% to about 6,173.07 points, surpassing its previous record high close …
S&P 500 and Nasdaq notch first record high closes in months Read More »
(Reuters) -American Airlines said on Friday a technology issue was affecting connectivity for some systems, causing flight delays. The Texas-based airline said while it was working with its partners to fully resolve the problem, it had not canceled any flights at this time. Data from FlightAware shows 26% of American’s flights and 30% of its …
American Airlines says technology issue affecting some systems Read More »
By Ahmed Aboulenein WASHINGTON (Reuters) -U.S. Senator Maggie Hassan said on Friday she is launching an investigation into British pharmaceutical giant GlaxoSmithKline’s decision to discontinue a widely used asthma inhaler for children. Hassan said in letters sent on Friday to GSK and its authorized generic distributor, Prasco Laboratories, and seen by Reuters that the decision …
US senator probes GSK’s halt of children’s asthma inhaler Read More »
By Robin Respaut and Maggie Fick SAN FRANCISCO (Reuters) -In what she calls the “wild west” of obesity medicines, Missouri-based Amy Spencer is a pioneer. Each week the mother of two injects herself with weight-loss drugs, two of which are in clinical trials and not yet approved for sale by the U.S. Food and Drug …
Stung by high prices, Americans make their own weight-loss drugs Read More »
MEXICO CITY (Reuters) -Mexican real estate trusts Terrafina and Fibra Inn on Friday said they would remove lender CIBanco as their trustee, after U.S. sanctions over money laundering accusations caused Mexican authorities to step in to manage the bank earlier this week. The U.S. Treasury on Wednesday prohibited certain transactions with CIBanco, as well as …
Mexican real estate trusts drop CIBanco as trustee after US sanctions Read More »
By David Shepardson WASHINGTON (Reuters) -President Donald Trump prodded Dish TV parent EchoStar Corp and Federal Communications Commission Chair Brendan Carr earlier this month to reach an amicable deal over the fate of the company’s wireless spectrum licenses, the company said in a filing on Friday. In May, the FCC told EchoStar it was investigating …
Trump wants EchoStar, FCC to reach ‘amicable’ deal over wireless licenses, company says Read More »
By Jonathan Stempel (Reuters) -Tesla failed to persuade a federal judge to end a lawsuit over the death of a woman struck after an Autopilot-equipped Model S ran off the road in Key Largo, Florida, paving the way for a possible trial next month. U.S. District Judge Beth Bloom in Miami said the estate of …
Tesla fails to end Florida lawsuit over fatal Model S crash Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer spending unexpectedly fell in May as the boost from the pre-emptive buying of goods like motor vehicles ahead of the Trump administration’s tariffs faded, while monthly inflation maintained a moderate pace of increase. The Commerce Department’s report on Friday likely will have no impact on near-term monetary policy …
US consumer spending falls; tariff-related boost to inflation awaited Read More »
