WASHINGTON (AP) — The Supreme Court on Friday upended a 40-year-old decision that made it easier for the federal government to regulate the environment, public health, workplace safety and consumer protections, delivering a far-reaching and potentially lucrative victory to business interests. The justices overturned the 1984 decision colloquially known as Chevron, long a target of […]
MEXICO CITY (AP) — The Mexican peso continued to weaken Tuesday as Mexico’s outgoing president — and his successor — vowed to forge ahead with some 20 c onstitutional changes that have rattled investors. Claudia Sheinbaum won this month’s presidential election. But she has spent much of the time since then trying to reassure markets, […]
MEXICO CITY (AP) — The Mexican peso continued to weaken Tuesday as Mexico’s outgoing president — and his successor — vowed to forge ahead with some 20 c onstitutional changes that have rattled investors. Claudia Sheinbaum won this month’s presidential election. But she has spent much of the time since then trying to reassure markets, […]
Treasury Yields Fall, Dollar Weakens As Manufacturing Activity Gauge Contracts More Than Expected The U.S. manufacturing activity barometer contracted more than expected in May, leading to a sharp retreat in Treasury yields at the start of the week. After falling back into contraction in April, manufacturing activity continued to decline for the second consecutive month, […]
(Bloomberg) — US factory activity shrank in May at a faster pace as output came close to stagnating and a measure of orders fell by the most in nearly two years. Most Read from Bloomberg The Institute for Supply Management’s manufacturing gauge fell 0.5 point to 48.7, the weakest in three months, data out Monday […]
(Reuters) – Myanmar’s ruling junta has lost control over vast tracts of territory, including access to much of its international borders, allowing ethnic armed groups to expand and consolidate regions under their control, two reports assessing the conflict said on Thursday. The country of 55 million people has been in turmoil since February, 2021 when […]
Cyclone Hidaya has significantly weakened as it approaches Tanzania’s coastline, the country’s meteorology department said. Officials warned residents to remain cautious, however, as the cyclone will bring heavy rain and strong winds to the country until Sunday. The meteorology department did not say what the cyclone’s updated maximum wind speeds were. A major blackout hit […]
(Bloomberg) — The yen slid to the weakest since 1990, putting traders on alert for intervention, while Asian stocks climbed after US equities notched the best weekly rally of 2024. Most Read from Bloomberg The Japanese currency fell past 160 per dollar on Monday amid thin liquidity during a public holiday. Traders have been guessing […]
Bank of America (BAC) said Tuesday that first-quarter profits dropped 18% from a year ago as a key revenue source weakened, offering the latest example of how even the biggest banks are increasingly challenged by high interest rates. Net interest income at Bank of America fell 3% from the year-earlier period “as higher deposit costs […]
By Anthony Boadle BRASILIA (Reuters) – Police raids on former President Jair Bolsonaro and his associates for allegedly plotting a coup after the 2022 election has weakened right-wing opposition to President Luiz Inacio Lula da Silva ahead of October’s local elections, analysts say. Bolsonaro, a far-right firebrand who modeled himself on former U.S. President Donald […]
By Deborah Mary Sophia (Reuters) -McDonald’s reported its first quarterly sales miss in nearly four years on Monday on weak sales growth at its international business division, partly due to the conflict in the Middle East, sending the company’s shares down about 4%. The burger giant is among several Western brands that have seen protests […]
SYDNEY (AP) — Strong winds hit Australia’s northeast coast Friday, leaving thousands without power, but the area was spared heavy damage as Tropical Cyclone Kirrily weakened into a tropical storm. Wind gusts of up to 170 kilometers an hour (105.6 miles per hour) battered coastal cities and towns, while fallen trees caused property damage. Weather […]