Town Hall News

By Nandita Bose, Jarrett Renshaw and David Morgan WASHINGTON (Reuters) -U.S. President Joe Biden and top congressional Republican Kevin McCarthy on Thursday appeared to be nearing a deal to cut spending and raise the government’s $31.4 trillion debt ceiling, with little time to spare to head off the risk of default. The deal would specify the total amount the government could spend on discretionary programs like housing and education, according […]

By Nandita Bose, Jarrett Renshaw and David Morgan WASHINGTON (Reuters) -U.S. President Joe Biden and top congressional Republican Kevin McCarthy on Thursday appeared to be nearing a deal to cut spending and raise the government’s $31.4 trillion debt ceiling, with little time to spare to head off the risk of default. The deal would specify the total amount the government could spend on discretionary programs like housing and education, according […]

By Noel Randewich and Shreyashi Sanyal (Reuters) – Wall Street ended sharply higher on Thursday after a blowout forecast from Nvidia sent the chipmaker’s stock soaring and fueled a rally in AI-related companies, while investors watched for signs of progress in U.S. debt ceiling talks. Nvidia Corp soared to a record high after the world’s most valuable chipmaker forecast quarterly revenue 50% higher than estimates and said it was ramping […]

By Noel Randewich and Shreyashi Sanyal (Reuters) – Wall Street ended sharply higher on Thursday after a blowout forecast from Nvidia sent the chipmaker’s stock soaring and fueled a rally in AI-related companies, while investors watched for signs of progress in U.S. debt ceiling talks. Nvidia Corp soared to a record high after the world’s most valuable chipmaker forecast quarterly revenue 50% higher than estimates and said it was ramping […]

BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva on Thursday summoned his environmental and indigenous affairs ministers for emergency talks after a congressional committee passed a bill gutting the ministries’ environmental oversight powers. The measure, which requires approval on the lower house floor and the Senate to pass, represents Lula’s first major clash with a newly conservative Congress that saw a significant intake of right-wing lawmakers in last […]

BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva on Thursday summoned his environmental and indigenous affairs ministers for emergency talks after a congressional committee passed a bill gutting the ministries’ environmental oversight powers. The measure, which requires approval on the lower house floor and the Senate to pass, represents Lula’s first major clash with a newly conservative Congress that saw a significant intake of right-wing lawmakers in last […]

By Shankar Ramakrishnan and Nell Mackenzie (Reuters) – A measure of U.S. default risk is flashing red as talks over the government’s debt ceiling drag on, with speculation driven by the lure of a quick profit inflating the value of the derivative, market strategists and investors said. Spreads on U.S. government one-year credit default swaps (CDS) – market-based gauges of the risk of a default – widened to 175 basis […]

By Shankar Ramakrishnan and Nell Mackenzie (Reuters) – A measure of U.S. default risk is flashing red as talks over the government’s debt ceiling drag on, with speculation driven by the lure of a quick profit inflating the value of the derivative, market strategists and investors said. Spreads on U.S. government one-year credit default swaps (CDS) – market-based gauges of the risk of a default – widened to 175 basis […]

SHANGHAI/BEIJING (Reuters) -Great Wall Motor has filed a report with China’s regulators against BYD, it said on Thursday, claiming its rival’s two top-selling hybrid models did not meet emissions standards and triggering a rare public spat. BYD rejected the claim, saying its vehicles met China’s emission standards and that it reserved the right to take legal action against Great Wall. The public accusation from Hebei-based Great Wall – China’s first […]