Indexes hit closing records amid further trade deal optimism
NEW YORK (Reuters) – All three major U.S. stock indexes posted record closing highs on Monday, extending a recent run…
U.S. considers dropping some tariffs on China: FT
FILE PHOTO: A U.S. dollar banknote featuring American founding father Benjamin Franklin and a China’s yuan banknote featuring late Chinese…
China pushing Trump to remove more tariffs ahead of trade deal: media
FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks…
U.S.-China trade deal in sight after progress in high-level talks
WASHINGTON (Reuters) – The United States and China on Friday said they made progress in talks aimed at defusing a…
Federal judge blocks Alabama abortion ban from being enforced
(Reuters) – A federal judge blocked Alabama on Tuesday from enforcing the strictest abortion laws in the country, saying the…
Two charities to pay $6 million to resolve U.S. pharma kickback probe
BOSTON (Reuters) – Two charities will pay $6 million to resolve claims they operated as pass-throughs for seven pharmaceutical companies…
UAW turns to Ford after GM workers approve new contract
DETROIT/WASHINGTON (Reuters) – The United Auto Workers union said on Friday it has chosen Ford Motor Co (F.N) as the…
Teva, three U.S. drug distributors reach opioid settlement – source
The logo of Teva Pharmaceutical Industries is seen during a news conference hold by its CEO, Kare Schultz, to discuss…
Factbox: Billion-dollar lawsuits accuse drugmakers, distributors of fueling U.S. opioid crisis
(Reuters) – On Monday, two Ohio counties reached a last-minute settlement with four companies they accused of fueling the nationwide…
Drug companies reach $260 million opioid settlement with Ohio counties, averting landmark trial
CLEVELAND (Reuters) – Four large drug companies reached a last-minute $260 million legal settlement over their role in the U.S.…
Turkey says nothing will come of Halkbank case if law in U.S. works
People walk past by a branch of Halkbank in central Istanbul, Turkey, October 16, 2019. REUTERS/Huseyin Aldemir ANKARA (Reuters) –…
Opioid settlement talks fail, landmark trial expected Monday
CLEVELAND (Reuters) – A landmark trial over the U.S. opioid epidemic is on track to begin on Monday after drug…
China says it hopes to reach phased trade pact with U.S. as early as possible
BEIJING (Reuters) – China’s commerce ministry said on Thursday that China hoped to reach a phased agreement with the United…
Drug firms offer to settle U.S. opioid suits with $50 billion package – sources
(Reuters) – Five drugmakers and distributors are offering $22 billion in cash as well as drugs and services they value…
Weak U.S. retail sales cast shadow over slowing economy
WASHINGTON (Reuters) – U.S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness…
Teva to donate over $15 billion worth of drugs in opioid settlement: source
FILE PHOTO: The logo of Teva Pharmaceutical Industries is seen during a news conference hold by its CEO, Kare Schultz,…
UAW, GM leaders have a deal to end strike, now workers will decide
DETROIT (Reuters) – General Motors Co (GM.N) and the United Auto Workers union reached a tentative deal on Wednesday for…
Wall Street slips as weak economic data offsets earnings strength
NEW YORK (Reuters) – Wall Street lost ground on Wednesday as weak U.S. economic data and simmering geopolitical tensions spooked…
U.S., Chinese teams working on Phase 1 trade deal text: Mnuchin
U.S. Treasury Secretary Steve Mnuchin speaks about sanctions against Turkey at a news briefing at the White House in Washington,…
SEC freezes assets of 18 traders over alleged manipulation
WASHINGTON (Reuters) – U.S. authorities said on Wednesday it has obtained an asset freeze against 18 traders, who are primarily…
Three drug distributors in talks to settle opioid litigation for $18 billion – WSJ
(Reuters) – Three drug distributors are in talks with state and local governments to settle thousands of opioid lawsuits for…
UAW sees ‘good progress’ on key issues to try to resolve GM strike
Striking United Auto Worker (UAW) member Steve Donagan carries his daughter Regina while walking the strike line with his wife…
‘Goldilocks’ jobs data propels Wall St. to best day since August
(Reuters) – Wall Street surged on Friday after moderate jobs growth in September offered relief from a spate of dismal…
Capital spending outlook another worry ahead of earnings
NEW YORK (Reuters) – Investors are preparing for more cautious capital investment outlooks from U.S. companies as worries mount heading…
U.S. unemployment rate hits 3.5%; job growth moderate
WASHINGTON, (Reuters) – The U.S. unemployment rate dropped to near a 50-year low of 3.5% in September, with job growth…
Instant View: U.S. September payrolls lower than expected, jobless rate drops
(Reuters) – U.S. job growth increased moderately in September, with the unemployment rate dropping to near a 50-year low of…
As Fed policymakers comb data, few decisive signals on outlook
SAN FRANCISCO/ WASHINGTON (Reuters) – Federal Reserve policymakers on Friday signaled they are on high alert for signs that uncertainty…
Talks between UAW and GM take ‘turn for the worse’: union official
DETROIT (Reuters) – Talks for a new four-year labor contract between General Motors Co (GM.N) and its striking workers took…
U.S. vaping-related deaths rise to 18, illnesses surpass 1,000: CDC
(Reuters) – U.S. health officials on Thursday reported 18 deaths due to a mysterious lung illness linked to e-cigarettes and…
U.S. retains measles-elimination status despite worst outbreak in quarter century
NEW YORK (Reuters) – The United States has kept its World Health Organization designation as a country that has eliminated…
U.S. Supreme Court takes major case that could curb abortion access
WASHINGTON (Reuters) – The U.S. Supreme Court on Friday agreed to take up a major abortion case that could lead…
Main issues in UAW-GM labor talks narrow to wages, pensions: source
FILE PHOTO: General Motors assembly workers and their supporters gather to picket outside the General Motors Bowling Green plant during…
Sanders presidential campaign pivots health scare to Medicare for All message
WASHINGTON (Reuters) – Bernie Sanders’ 2020 presidential election campaign on Wednesday sought to use news the candidate had a heart…
U.S. agents raid genetic testing labs, charge 35 in Medicare fraud probe
WASHINGTON/LAWRENCEVILLE, Ga. (Reuters) – U.S. federal agents raided genetic testing laboratories, and 35 people were criminally charged in four states…
China criticizes new U.S. sanctions over Iranian oil deals
BEIJING/NEW YORK (Reuters) – China on Thursday criticized the United States for imposing new U.S. Secretary of State Mike Pompeo…
U.S. slaps new sanctions on Chinese entities over Iran oil
NEW YORK (Reuters) – The United States is imposing new sanctions on certain Chinese entities and people who it accuses…
U.S. new home sales accelerate; lower mortgage rates a boost
WASHINGTON (Reuters) – Sales of new U.S. single-family homes rebounded more than expected in August, the latest sign that the…
Evans: Larger balance sheet may avoid future repo market problems
CHICAGO (Reuters) – Chicago Federal Reserve bank president Charles Evans said on Wednesday that the Fed may be able to…
Evans says two rate cuts have Fed ‘well-positioned’ at this point
FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans visits the online music retailer Sweetwater, in Fort Wayne, Indiana, U.S.…
Exclusive: GM and UAW union making progress in talks for new labor deal – sources
DETROIT (Reuters) – General Motors Co (GM.N) and the union that represents its 48,000 striking hourly workers in the United…
Wall Street ticks lower as Trump impeachment threat weighs
(Reuters) – U.S. stock indexes edged lower on Wednesday as a move to launch an impeachment inquiry into President Donald…
GM and UAW union making progress in talks for new labor deal: sources
DETROIT (Reuters) – General Motors Co (GM.N) and the union that represents its 48,000 striking hourly workers in the United…
U.S. new home sales increase more than expected in August
WASHINGTON (Reuters) – Sales of new U.S. single-family homes rebounded more than expected in August, the latest sign that the…
Chipotle faces more labor complaints at New York City stores
NEW YORK (Reuters) – Chipotle Mexican Grill Inc is facing fresh claims that it violated New York City’s labor laws…
Wall Street drops; Pelosi says to start formal impeachment inquiry
NEW YORK (Reuters) – U.S. stocks fell in volatile trade on Tuesday, giving the S&P 500 its biggest daily drop…
U.S. lawmakers propose $1 billion fund to replace Huawei equipment
WASHINGTON (Reuters) – A U.S. House panel unveiled bipartisan legislation this week that would authorize $1 billion for small and…
Huawei CFO fighting U.S. extradition says her rights were violated
VANCOUVER (Reuters) – Huawei Chief Financial Officer Meng Wanzhou returned to a Vancouver court on Tuesday as her lawyers argued…
FDA proposes rule over record-keeping for vape makers
(Reuters) – The U.S. Food and Drug Administration on Friday issued a proposed rule for e-cigarette makers, requiring them to…
Democratic presidential candidate Buttigieg unveils health plan
WASHINGTON (Reuters) – Democratic presidential candidate Pete Buttigieg on Thursday unveiled his plan to reform the U.S. healthcare system by…
Republican, Democratic lawmakers launch caucus to ‘End the Youth Vaping Epidemic’
FILE PHOTO: Senator Richard Durbin (D-IL) speaks to reporters as he arrives for a vote on Capitol Hill in Washington,…
Factbox: Tariffs in place or planned for nearly all goods traded by U.S. and China
(Reuters) – U.S. and Chinese trade negotiators are meeting in Washington this week to find ways to defuse a trade…
Wall Street mixed as Microsoft climbs and Apple dips
(Reuters) – Wall Street ended mixed on Thursday, with a gain in Microsoft offsetting a dip in Apple, a day…
U.S. stock exchange competition to heat up in 2020 with new entrants
NEW YORK (Reuters) – At least three new U.S. stock exchanges are expected in 2020, executives from the companies said…
Explainer: U.S.-China trade talks – where they are and what’s at stake
WASHINGTON (Reuters) – Senior U.S. and Chinese officials are meeting in Washington on Thursday and Friday in an attempt to…
Trump adviser says U.S. president ready to escalate trade war if no deal agreed soon: SCMP
(Reuters) – A trade adviser to Donald Trump has said the U.S. president is ready to escalate the ongoing trade…
Wall Street ends mixed as Microsoft, Apple offset
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18,…
Chinese officials to visit U.S. farmland as trade talks continue: U.S. agriculture chief
FILE PHOTO: U.S. Secretary of Agriculture Sonny Perdue speaks during an event hosted by U.S. President Donald Trump with workers…
U.S., Chinese trade deputies face off in Washington amid deep differences
WASHINGTON (Reuters) – U.S. and Chinese deputy trade negotiators were set to resume face-to-face talks for the first time in…
Microsoft nudges S&P 500 toward record high
(Reuters) – Microsoft and healthcare companies lifted Wall Street on Thursday, a day after the Federal Reserve cut interest rates…