By Shreyashi Sanyal, Devik Jain and Sinéad Carew (Reuters) – The S&P 500 and Nasdaq closed lower on Friday as disappointing quarterly reports from Snap Inc and Intel Corp dragged down the communications and technology sectors...
READ MORE
U.S. 2021 fiscal year deficit below prior year’s record, Treasury says
(Reuters) -The U.S. budget deficit totaled $2.772 trillion during fiscal 2021, below the prior year’s record shortfall but still reflecting a second straight year of massive spending to support households and businesses through the...
READ MORE
White House says no new deadlines on reconciliation bill
WASHINGTON (Reuters) – U.S. President Joe Biden does not have any new deadlines as the administration continues to negotiate with Democratic lawmakers on the framework of a massive spending bill aimed at social programs and tackling...
READ MORE
Exclusive: Canada says proposed U.S. EV tax credit could harm sector
By David Shepardson and David Ljunggren WASHINGTON/OTTAWA (Reuters) – The Canadian government on Friday warned that U.S. proposals to create new electric vehicle tax credits for American-built vehicles could harm the North American...
READ MORE
Exclusive-U.S. utility Duke in advanced settlement talks with Elliott -sources
By Svea Herbst-Bayliss and David French (Reuters) -Duke Energy Corp is in advanced settlement talks with Elliott Management Corp that could see the U.S. power utility add two directors backed by the activist investment firm to its board,...
READ MORE
Exxon, USW may meet next week to resume Texas refinery contract talks
By Erwin Seba HOUSTON (Reuters) – Exxon Mobil may meet next week with negotiators following rejection of a company contract proposal by Beaumont, Texas, refinery workers, the United Steelworkers union (USW) said on Friday. Union...
READ MORE