Wall Street ends lower as inflation fears mount

Wall Street ends lower as inflation fears mount

By Johann M Cherian, Sukriti Gupta and Carolina Mandl (Reuters) -U.S. stocks tumbled on Tuesday after a batch of upbeat economic data raised concerns that an inflation rebound could slow down the Federal Reserve’s pace of monetary policy easing. Stocks...
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Meta shelves fact-checking in policy reversal ahead of Trump administration

Meta shelves fact-checking in policy reversal ahead of Trump administration

By Katie Paul, Supantha Mukherjee, Deborah Mary Sophia (Reuters) -Social media company Meta Platforms on Tuesday scrapped its U.S. fact-checking program and reduced curbs on discussions around contentious topics such as immigration and gender identity, bowing ...
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Argentina economy seen growing 4.5% in 2025, inflation cooling to double-digits

Argentina economy seen growing 4.5% in 2025, inflation cooling to double-digits

BUENOS AIRES (Reuters) -Argentina’s economy is seen expanding by 4.5% in 2025 while the country’s inflation rate is estimated to end this year at 25.9%, according to the average forecast of analysts surveyed by the central bank’s market expec...
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Nvidia CEO says company has plans for desktop chip designed with MediaTek

Nvidia CEO says company has plans for desktop chip designed with MediaTek

By Stephen Nellis (Reuters) -Nvidia Chief Executive Jensen Huang said on Tuesday that MediaTek will be able to sell the desktop central processor chip the two companies unveiled earlier this week and that Nvidia has undisclosed future plans for the...
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Republican Senator Mitch McConnell suffers minor injury in fall at U.S. Capitol

Republican Senator Mitch McConnell suffers minor injury in fall at U.S. Capitol

WASHINGTON (Reuters) -U.S. Senator Republican leader Mitch McConnell fell at the U.S. Capitol on Thursday, sustaining minor injuries, but was cleared to resume work, his office said in a statement. McConnell, 82, is due to step down as the party’s...
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Alaska sees $1 billion jump in profit after merger with Hawaiian Airlines

Alaska sees $1 billion jump in profit after merger with Hawaiian Airlines

By Rajesh Kumar Singh and Shivansh Tiwary (Reuters) -Alaska Air on Tuesday unveiled a plan to generate $1 billion in additional profits by 2027 by leveraging its acquisition of Hawaiian Airlines and booming demand for premium travel, sparking a rally...
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Columbia University cancels main graduation ceremony in wake of protests

Columbia University cancels main graduation ceremony in wake of protests

By Julia Harte NEW YORK (Reuters) -Columbia University on Monday canceled its main graduation ceremony after weeks of pro-Palestinian protests roiled the Ivy League college’s campus, but it will still hold smaller, school-based events. “Holding a l...
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US banks report weaker loan demand, Fed survey says

US banks report weaker loan demand, Fed survey says

(Reuters) – U.S. banks reported renewed weakening in demand for industrial loans and a decline in household demand for credit in the first quarter of the year, according to a Federal Reserve survey of senior loan officers published on Monday....
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Wozniak’s space firm, Privateer, buys Orbital Insight, raises $56.5 million

Wozniak’s space firm, Privateer, buys Orbital Insight, raises $56.5 million

(This May 6 story has been corrected to fix the spelling of BOKA Group and Lux Capital in paragraph 2) By Joey Roulette WASHINGTON (Reuters) – Apple cofounder Steve Wozniak’s space data startup, Privateer, has raised $56.5 million and also...
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US Social Security, Medicare get slight boost from strong economy

US Social Security, Medicare get slight boost from strong economy

By David Lawder WASHINGTON (Reuters) – Trust funds supporting Social Security and Medicare benefits for U.S. seniors showed slight improvement as stronger-than-forecast economic growth and productivity has boosted revenue collections, according to truste...
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