By Alexandra Valencia QUITO (Reuters) – Ecuador’s attorney general’s office on Thursday said it has opened a preliminary investigation against President Guillermo Lasso for tax fraud, after an opposition leader presented...
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Biden expects gasoline prices to fall in 2022
WASHINGTON (Reuters) – President Joe Biden said on Thursday he expects gasoline prices to fall in 2022 and that any further price reduction depends on factors such as the actions of Saudi Arabia. Earlier today, Reuters reported that...
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Divided Democrats see slow progress on Biden’s social spending bill
By David Morgan and Richard Cowan WASHINGTON (Reuters) – Brawling factions of the Democratic Party on Thursday worked feverishly toward agreement on a huge U.S. social spending bill, even as Senator Joe Manchin said there would not...
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Fed Chair Powell may need to sell millions in bonds under new rules
(Reuters) – Federal Reserve Chair Jerome Powell may need to sell as much as $3 million in bonds to comply with new rules issued by the U.S. central bank on Thursday, a review of his financial disclosures shows. Powell appears to be...
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Hedge funds score unprecedented gains on Trump’s SPAC deal
By Svea Herbst-Bayliss (Reuters) – Hedge funds that invested in the blank-check acquisition company that made a $875 million deal to merge with former U.S. President Donald Trump’s new social media venture are set to make five...
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U.S. regulators unveil blueprint to tackle financial climate risks
By Pete Schroeder WASHINGTON (Reuters) – Climate change is an “emerging threat” to U.S. financial stability that regulators should address in their everyday work, a top U.S. regulatory panel said on Thursday, a first for...
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