U.S.’s Russia sanctions architect Singh departs as Ukraine war drags on

Daleep Singh, deputy national security adviser for the international economy, gives an update on the sanctions during a daily press briefing on the American response after Russia launched a massive military operation against Ukraine, at the White House in Washington, U.S., February 24, 2022. REUTERS/Leah Millis/File Photo Join now for FREE unlimited access to Reuters.com … Read more

Wall St Week Ahead: Bruised U.S. stock investors brace for more pain in second half of 2022

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 13, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register NEW YORK, June 24 (Reuters) – With U.S. stocks on course for their worst first half in more than 50 years, investors are considering … Read more

IMF slashes U.S. growth forecast, sees ‘narrowing path’ to avoid recession

People drive outside the Lincoln Tunnel at the start of Memorial Day weekend amid rising gas prices and record inflation, in Newport, New Jersey, U.S. May 27, 2022. REUTERS/Eduardo Munoz Join now for FREE unlimited access to Reuters.com Register WASHINGTON, June 24 (Reuters) – The International Monetary Fund on Friday lowered its forecast for U.S. … Read more

U.S. meets with refiners on high pump prices; no plan yet -sources

WASHINGTON, June 23 (Reuters) – U.S. Energy Secretary Jennifer Granholm has expressed interest in a possible lifting of anti-smog rules on gasoline to tackle high prices at the pump and has waived a plan to ban fuel exports at a broad meeting with refiners, two industry sources said. Thursday. With tensions high between US President … Read more

Analysis: High energy prices could sink U.S. stocks during earnings season

NEW YORK, June 23 (Reuters) – Skyrocketing oil prices are another headwind to U.S. corporate profits, and some on Wall Street fear it could push stock prices even deeper into the red. Brent crude has jumped nearly 40% year-to-date and stands at $110.73 a barrel as tight inventories, rising demand and war in Ukraine keep … Read more

U.S. Congress moves to boost Biden’s record defense budget

An F/A-18 Super Hornet lands on the deck of the USS Ronald Reagan in the South China Sea September 30, 2017. REUTERS/Bobby Yip Join now for FREE unlimited access to Reuters.com Register WASHINGTON, June 22 (Reuters) – The U.S. House of Representatives Armed Services Committee on Wednesday backed a proposal to increase Defense Department spending … Read more

Global economy: U.S. recession fears darken outlook for Japan, global factories

TOKYO, June 23 (Reuters) – Growth in factory activity in Japan slowed to its lowest level in four months in June as China’s COVID-19 restrictions disrupted supply chains, while many other Asian economies were also facing headwinds amid growing risks to the outlook for a potential US recession. Australian manufacturing activity has remained stable this … Read more

G7, NATO leaders to ratchet up pressure on Russia, keep eye on China -U.S. officials

A damaged tram is pictured at a bombed-out tram depot in Kharkiv, amid Russia’s attack on Ukraine, June 15, 2022. REUTERS/Ivan Alvarado Join now for FREE unlimited access to Reuters.com Register WASHINGTON, June 22 (Reuters) – Leaders of the wealthy Group of Seven and NATO democracies will seek to increase pressure on Russia over its … Read more

Oil prices slide as Biden pushes for U.S. fuel cost cuts

A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. Picture taken November 22, 2019. REUTERS/Angus Mordant/ Join now for FREE unlimited access to Reuters.com Register MELBOURNE, June 22 (Reuters) – Oil prices slipped in early trading on Wednesday amid … Read more

U.S. in talks with allies on Russian oil price cap, says Yellen

U.S. Treasury Secretary Janet Yellen testifies before a Senate Finance Committee hearing on President Biden’s 2023 budget, on Capitol Hill in Washington, U.S., June 7, 2022. REUTERS/Evelyn Hockstein/File Photo Join now for FREE unlimited access to Reuters.com Register TORONTO, June 20 (Reuters) – The United States is in talks with Canada and other allies to … Read more