© Reuters. FILE PHOTO: The U.S. flag flies in front of the Capitol Dome at the U.S. Capitol in Washington, U.S., September 12, 2017. REUTERS/Joshua Roberts/File Photo By David Morgan and Susan Heavey WASHINGTON (Reuters) -Nine moderate Democrats in the U.S. House of Representatives threatened on Friday to withhold support for a $3.5 trillion budget…
© Reuters. FILE PHOTO: Representations of cryptocurrency Bitcoin are seen in this picture illustration taken June 7, 2021. REUTERS/Edgar Su/Illustration (Reuters) – Bitcoin surged 7.07% to $47,587.38 at 2200 GMT on Friday, adding $3,142.93 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 71.6% from the year’s low of $27,734 on…
© Reuters. Junior Bankers’ Raises Widen Record Pay Gap Among College Grads (Bloomberg) — Much of Michael Lewis’s graphic description of life for junior bankers in the early 1980s still rings true today. Fresh college grads “gave themselves over entirely” to firms, working so many nights and weekends that one friend learned to nap on…
© Bloomberg. Lawrence Summers (Bloomberg) — Former Treasury Secretary Lawrence Summers criticized President Joe Biden’s efforts to lower the price of gasoline, saying it should be allowed to rise because fossil fuel consumption warms the planet. Summers said in an interview Friday on Bloomberg Television’s “Wall Street Week” that the Biden administration should instead adjust…
© Bloomberg. Containers sit stacked next to gantry cranes as trucks operate at the Port of Ningbo-Zhoushan in Ningbo, China, on Wednesday, Oct. 31, 2018. President Donald Trump wants to reach an agreement on trade with Chinese President Xi Jinping at the Group of 20 nations summit in Argentina later this month and has asked…
© Reuters. FILE PHOTO: Federal Reserve Board building is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis By Indradip Ghosh and Shrutee Sarkar BENGALURU (Reuters) – The Federal Reserve will announce a plan to taper its asset purchases in September, according to a solid majority of economists polled by Reuters who also said the…
2/2 © Reuters. FILE PHOTO: U.S. President Joe Biden discusses his ‘Build Back Better’ agenda for economic growth and job creation following early morning Senate passage of the bipartisan infrastructure bill and the budget resolution, during a speech in the East Room at 2/2 By Jeff Mason and Susan Heavey WASHINGTON (Reuters) -President Joe Biden…
© Reuters. FILE PHOTO: The Chinese national flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter/File Photo By Yew Lun Tian BEIJING (Reuters) -China will draft new laws on national security, technology innovation, monopolies and education, as well as in areas involving foreigners, the national leadership said in a document published late on…
© Reuters. Kuwaiti entrepreneur Abdulaziz al-Mubarak, head of the Kuwaiti Union of Small and Medium Enterprises, speaks at his children’s clothing store in Avenues mall in Al-Rai, Kuwait, July 26, 2021. REUTERS/Stephanie McGehee By Ahmed Hagagy KUWAIT (Reuters) – Thousands of small and medium Kuwaiti businesses could go to the wall after being walloped by…
3/3 © Reuters. FILE PHOTO: The exterior of the U.S. Capitol is seen as Senators work to advance the bipartisan infrastructure bill in Washington, U.S., August 8, 2021. REUTERS/Sarah Silbiger/File Photo 2/3 By Makini Brice and Susan Cornwell WASHINGTON (Reuters) -Hours after the U.S. Senate approved a $3.5 trillion budget blueprint chock-full of investments in…
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