By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 ended lower on Tuesday as the index was unable to bounce from a sharp sell-off in the prior session with a key policy statement from the Federal Reserve on deck that will reveal how aggressive the c…
Biden to meet with Saudi crown prince despite ‘pariah’ pledge
By Jarrett Renshaw and Nandita Bose WASHINGTON (Reuters) -U.S. President Joe Biden will meet Saudi Crown Prince Mohammed bin Salman during a trip to the Middle East in July, in a break with his campaign pledge of making the kingdom a “pariah” as he str…
Biden knocks Wall Street, defends economic plans amid recession fears
By Nandita Bose PHILADELPHIA (Reuters) -U.S. President Joe Biden blasted Wall Street and Republicans, while making a full-throated defense of his economic plans to thousands of union members in Philadelphia on Tuesday, as he seeks to improve dismal app…
Omicron sub-variants BA.4, BA.5 account for 21% of COVID variants in U.S. – CDC
(Reuters) – The BA.4 and BA.5 sub-variants of Omicron are estimated to make up about 8.3% and 13.3% of the coronavirus variants in the United States as of June 11, the U.S. Centers for Disease Control and Prevention (CDC) said on Tuesday. The two fast-…
Happy the elephant is denied personhood, to stay at Bronx Zoo
By Luc Cohen NEW YORK (Reuters) -Happy the elephant will stay at the Bronx Zoo after New York state’s highest court on Tuesday ruled against an animal rights group that said she deserved some of the same rights as humans and should be freed. In a 5-2 d…
Ukraine’s besieged farmers fear war-time harvest ‘hell’
By Conor Humphries MYKOLAIV, Ukraine (Reuters) – As 10-metre high mounds of sunflower meal smoulder among the blackened ruins of one of Ukraine’s top agricultural terminals, farmers in this front-line region are scrambling to survive a harvest under Ru…
U.S. congressional Jan. 6 panel postpones hearing on Trump’s Justice Dept
By Patricia Zengerle and Richard Cowan WASHINGTON (Reuters) -The House of Representatives committee investigating the Jan. 6, 2021, attack on U.S. Capitol said on Tuesday it had postponed a hearing scheduled with officials from ex-President Donald Trum…
Stock, bonds groggy after rout; eyes peeled on Fed
By Koh Gui Qing NEW YORK (Reuters) – Global stocks and bonds gyrated in choppy trade on Tuesday after the prior day’s market rout, while investors braced for a U.S. interest rate rise this week that could be the largest in 28 years. Surprisingly strong…
The pandemic broke the Fed’s model; this week may show how much
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell used his first four years as the world’s top central banker to reshape U.S. monetary policy around the idea that low inflation and low unemployment could coexist. It was a m…
Beijing in ‘race against time’ to contain COVID surge
By Martin Quin Pollard and Ryan Woo BEIJING (Reuters) -Authorities in China’s capital warned on Tuesday that a COVID-19 surge in cases linked to a 24-hour bar was critical and the city of 22 million was in a “race against time” to get to grips with its…