McCain Does Not Support New GOP Obamacare Repeal
2017-09-22 18:56:09 UTC
WASHINGTON (Reuters) - U.S. Senator John McCain said on Friday that he would vote against a new Republican bill to dismantle Obamacare if it is brought onto the Senate floor next week, in a new setback for the proposal.
“I cannot in good conscience vote for the Graham-Cassidy proposal,” McCain...
Brexit: 10,000 finance jobs will be shifted out of Britain
2017-09-18 14:51:50 UTC
LONDON (Reuters) - Around 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the UK is denied access to Europe’s single market, according to a Reuters survey of firms employing the bulk of workers in international finance.
Frankfurt was by far the m...
Emmys 2017: Full list of winners from the 69th annual awards
2017-09-18 04:29:40 UTC
<The stars of the small screen stepped out from behind the camera Sunday night for the 69th annual Emmy Awards.
While some of the nominees were TV legends, others arrived at the Microsoft Theater in Los Angeles with empty trophy stands.
Check back throughout the night as we update the winne...
Political comedy "Veep", "The Handmaid's Tale" and "Saturday Night Live" won the top prizes at the Emmy Awards 2017
2017-09-18 04:43:21 UTC
LOS ANGELES (Reuters) - “The Handmaid’s Tale” and political comedy “Veep” won the top prizes at the Emmy awards on Sunday, where “Saturday Night Live” was also a big winner on a night dominated by jokes about U.S. President Donald Trump.
In the first major awards wins for streaming service Hul...
EU Plans To Raise Taxes For Internet Giants
2017-09-17 00:53:39 UTC
TALLINN (Reuters) - A European Union plan to raise more tax from digital multinationals faced the first signs of scepticism on Saturday, as smaller members of the bloc warned about the economic impact from such a move.
France wants to tax companies like Google and Facebook on their turnover, r...
Elizabeth Warren launches investigation into Equifax breach
2017-09-16 02:48:20 UTC
WASHINGTON (Reuters) - U.S. Senator Elizabeth Warren said on Friday she has begun an investigation into Equifax’s massive data breach, and along with 11 other Democratic senators, introduced a bill to allow consumers to freeze their credit for free.
Equifax came under increased pressure from l...
Median U.S. Household Income Sets Record in 2016
2017-09-13 18:28:17 UTC
SEPT. 12, 2017 — The U.S. Census Bureau announced today that real median household income increased by 3.2 percent between 2015 and 2016, while the official poverty rate decreased 0.8 percentage points. At the same time, the percentage of people without health insurance coverage decreased.
US job openings continue to rise amid a scarcity of qualified workers
2017-09-12 20:29:53 UTC
WASHINGTON (Reuters) - U.S. job openings rose to a record high in July, suggesting a slowdown in job growth in August was an aberration and that the labor market was strong before the recent disruptive hurricanes.
The monthly Job Openings and Labor Turnover Survey, or JOLTS, released by the La...
Equifax Hack Exposes Data of Up to 143 Million Customers
2017-09-08 17:21:16 UTC
By Yashaswini Swamynathan
(Reuters) - Equifax Inc, a provider of consumer credit scores, said on Thursday that personal details of as many as 143 million U.S. consumers were accessed by hackers between mid-May and July, in what could be one of the largest data breaches in the United States.
Ryan and Mnuchin See U.S Tax Overhaul by End of Year
2017-09-07 17:05:19 UTC
Doina Chiacu, Susan Heavey
WASHINGTON (Reuters) - Treasury Secretary Steven Mnuchin and House of Representatives Speaker Paul Ryan voiced confidence on Thursday that Congress will pass an overhaul of the U.S. tax code by the end of this year, a major but elusive goal for President Donald Trump...
Brazilian Firm, Odebrecht, Denies Paying Venezuelan Politician $100 Million
2017-09-07 16:33:08 UTC
CARACAS (Reuters) - Scandal-hit Brazilian construction company Odebrecht denied accusations it paid $100 million to Venezuelan Socialist Party Vice President Diosdado Cabello, as alleged by the country’s fugitive former chief prosecutor.
Luisa Ortega, who fled Venezuela last month after coming...
Trump Strikes Deal With Democrats: Debt Limit, Harvey Funds
2017-09-07 16:28:01 UTC
By RACHAEL BADE, BURGESS EVERETT and JOSH DAWSEY
Donald Trump, who casts himself as a master negotiator, took the first offer Democrats put on the table.
Republicans left the Oval Office Wednesday stunned. Trump had quickly sided with Democrats on a short-term debt ceiling increase, even o...
Melting Permafrost Unlocks Carbon, Disease
2017-09-06 16:58:53 UTC
The consequences of climate change are perhaps most weirdly expressed in the Arctic.
A recent <a href="https://www.vox.com/2017/9/6/16062174/permafrost-melting" >article by Brian Resnick of Vox.com</a> explores the changes to Arctic permafrost, which has potentially far reaching consequences....
Macron backs Germany’s idea of a European Monetary Fund to counter economic shocks
2017-09-07 17:57:39 UTC
ATHENS (Reuters) - French President Emmanuel Macron on Thursday backed Germany’s idea of a European Monetary Fund (EMF) to counter economic shocks in euro zone member states but stressed the ultimate goal of deeper integration should remain a euro zone budget.
Macron wants a giant leap forward...
NAFTA Nations Plan For Progress Despite Trump
2017-08-31 16:51:33 UTC
MEXICO CITY (Reuters) - Trade negotiators plan to take small steps forward in a second round of talks to rework the North American Free Trade Agreement (NAFTA) this weekend, trying to ignore daily threats from U.S. President Donald Trump to tear it up if he does not get his way.
Trump has used...
IAEA Rejects Trump Demands To Check Iran Military Sites
2017-08-31 19:32:28 UTC
VIENNA (Reuters) - The United States is pushing U.N. nuclear inspectors to check military sites in Iran to verify it is not breaching its nuclear deal with world powers. But for this to happen, inspectors must believe such checks are necessary and so far they do not, officials say.
Last week, ...
Mayor of storm-ravaged Houston announces nighttime curfew
2017-08-30 06:05:01 UTC
HOUSTON (Reuters) - The storm turning slowly in the Gulf of Mexico has brought catastrophic flooding to Texas, killing at least 13 people and paralyzing Houston, America's fourth most populous city.
With damage expected to run well into the tens of billions of dollars, it will rank among the ...
Hurricane Harvey Shuts Down Texas Oil Refineries: Weeks to Recover
2017-08-29 14:38:11 UTC
The hole that Hurricane Harvey ripped across the energy industry along the Gulf Coast will take time to repair, and the Trump administration doesn't look ready to tap into the government's crude oil reserves to head off a jump in gasoline prices.
As much as 10 percent of the U.S. oil refining ...
North Korea Missile Test Jolts Investors: U.S. Stocks Drop
2017-08-29 14:07:59 UTC
(Reuters) - The Dow fell more than 100 points at the open on Tuesday as North Korea’s missile test over Japan prompted President Donald Trump to warn that “all options are on the table”, triggering a flight to safety among investors.
The missile, tested early on Tuesday, flew over Japan and la...
Harvey's Aftermath: 400,000 Mortgages Are Up In The Air
2017-08-29 01:40:39 UTC
(Reuters) - U.S. mortgage agencies face possible losses on some of the 400,000 mortgages they guarantee on homes ravaged by Hurricane Harvey, but they will not know the extent of the damage until the wind and rain stop in Texas and Louisiana.
Some of the structures may not have flood insurance...
Euro Strengthened By EU Economic Growth
2017-08-28 00:29:56 UTC
SINGAPORE (Reuters) - The euro surged to its highest level since January 2015 against the dollar early on Monday.
The euro advanced 0.3 percent to $1.1953 on Monday, extending Friday’s 1 percent jump.
“The EUR bulls will feed off anything they can get that suggests a less accommodative stan...
Whole Foods' Competitors Fear Amazon Price Cuts
2017-08-25 06:36:18 UTC
(Reuters) - Amazon said it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market, sending shares of rival grocers tumbling on fears that brutal market share battles will intensify.
Amazon’s $13.7 billion purchase of Whole Foods, which will be complet...
White House Supports Raising Debt Ceiling
2017-08-24 20:06:44 UTC
WASHINGTON (Reuters) - The White House said on Thursday it was committed to making sure Congress raises the nation's debt limit even as the president described the looming legislative process as a "mess."
"It's our job to inform Congress of the debt ceiling and it's their job to raise it," Whi...
Bipartisan Policy Center Says U.S. Could Miss Payments on October 2
2017-08-24 18:08:46 UTC
WASHINGTON (Reuters) - The U.S. government might not have enough money to pay all its bills on Oct. 2 if Washington does not raise a cap on federal borrowing, a respected think tank said in a report on Thursday.
The Treasury might not have enough money on that day to make a roughly $80 billion...
Schumer Says Trump Wall Threat Will Lead to U.S. Government Shutdown
2017-08-23 15:30:20 UTC
WASHINGTON (Reuters) - Senate Democratic leader Chuck Schumer said on Wednesday that President Donald Trump's threat to shut down the government if he does not secure funding for a border wall with Mexico would lead to a shutdown that "nobody will like."
"If the president pursues this path, ag...