WASHINGTON (Reuters) – A group of 26 state attorneys general led by West Virginia and Kentucky on Wednesday challenged the Biden administration’s new fuel economy rules, calling the requirements unworkable and forcing automakers to build more electric vehicles. The National Highway Traffic Safety Administration on June 7 finalized tighter vehicle fuel economy rules through 2031…
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court sided on Wednesday with a former mayor of an Indiana city who was convicted in a case in which he was accused of taking a bribe, in a ruling that could make it harder for federal prosecutors to bring corruption cases against state and local…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar rose on Tuesday, bolstered by hawkish comments from Federal Reserve officials as well as data showing a stable housing market in the world’s largest economy, both suggesting that the central bank will not be in a rush to kickstart its rate-cutting cycle. The greenback firmed against…
By Chuck Mikolajczak and Lewis Krauskopf NEW YORK (Reuters) – Investors are gearing up for the final reconstitution of the benchmark indexes by FTSE Russell on Friday, with the furious rally in artificial intelligence (AI) related stocks over the past year expected to leave an outsized imprint on their final shape. The Russell Reconstitution, an…
By Jason Lange WASHINGTON (Reuters) – U.S. voters see Republican presidential candidate Donald Trump as the better candidate for the economy but prefer his Democratic rival President Joe Biden’s approach on preserving democracy, a new Reuters/Ipsos poll found. The three-day poll that concluded on Sunday showed that less than five months before the Nov. 5…
(Reuters) -FedEx forecast fiscal 2025 profit above analysts’ estimates on Tuesday, anticipating that the cost reductions planned for the year would deliver margin gains even as revenue remains challenged by lackluster demand for parcel shipping. Shares of FedEx were up 15.3% at $295.49 in extended trading after the delivery company targeted fiscal 2025 earnings of…
By Isabelle Yr Carlsson and Maggie Fick COPENHAGEN/LONDON (Reuters) – Obesity drug-maker Novo Nordisk will spend $4.1 billion to build a U.S. facility to fill injection pens for its hugely popular weight-loss treatment Wegovy and diabetes drug Ozempic, it said on Monday. Construction of the plant at Novo’s existing main U.S. manufacturing site in Clayton,…
By Pete Schroeder and Nupur Anand WASHINGTON (Reuters) – Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week’s Federal Reserve health checks, but will be conservative on investor payouts amid economic and regulatory uncertainties, analysts said. The central bank on Wednesday will release the results…
By makailah gause NEW YORK (Reuters) – Women in the U.S. have saved just a third of the amount that men have set aside for retirement, setting up a potential crisis among female retirees, according to a Prudential Financial survey released on Monday. On average, men had saved $157,000 for retirement, while women had only…
By David Ljunggren and Ismail Shakil OTTAWA (Reuters) -Canada is considering whether to impose import tariffs on Chinese-made electric vehicles and will seek the public’s opinion about the idea, Deputy Prime Minister Chrystia Freeland said on Monday. Freeland said the domestic auto sector faced unfair competition from what she called China’s “state-directed policy of overcapacity,”…
