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By Michel Rose and Tassilo Hummel PARIS (Reuters) -French President Emmanuel Macron set off a political earthquake on Sunday when he called shock legislative elections for later this month after he was trounced in the European Union vote by Marine Le Pen’s far-right party. Macron’s surprise decision represents a major roll of the dice on…
By David Shepardson WASHINGTON (Reuters) -The chair and top Democrat on the House select committee on China will announce Tuesday they are launching a bipartisan working group to reduce China’s dominance of critical mineral supply chains. Representative John Moolenaar, the committee chair, and Raja Krishnamoorthi, the top Democrat, said the new working group will help…
By Ankika Biswas, Lisa Pauline Mattackal and Carolina Mandl (Reuters) -Major U.S. stock indexes closed with modest gains on Wednesday after a choppy trading session, with investors holding their cards close to the vest ahead of a presidential debate and an inflation report closely watched by Federal Reserve policy makers. “We’re in this kind of…
By Rishav Chatterjee (Reuters) -Oil producer Saudi Aramco will buy a 10% stake in a thermal engines joint venture between French carmaker Renault and Chinese automaker Geely, the companies said on Friday, valuing the business at 7.40 billion euros ($7.93 billion). Geely and Renault will own around 45% each of the powertrain venture, called Horse…
By Jeff Mason and Jarrett Renshaw (Reuters) -Former Attorney General Eric Holder and his law firm, Covington & Burling LLP, will conduct vetting of potential running mates for Vice President Kamala Harris’ campaign for the presidency, according to two sources familiar with the matter. Harris is running for the Democratic presidential nomination after President Joe…
By Daniel Wiessner (Reuters) -A federal judge in Texas on Wednesday partially blocked a U.S. Federal Trade Commission rule from taking effect that would ban agreements commonly signed by workers not to join their employers’ rivals or launch competing businesses. U.S. District Judge Ada Brown in Dallas said in a written decision the FTC, which…
By Helen Coster and Ted Hesson WASHINGTON/NEW YORK (Reuters) – One late afternoon in mid-May, a half dozen Hispanic day laborers were paid $20 each to parade in front of the White House on camera, holding signs with slogans like “I Love Biden” and “I Need Work Permit for My Family.” The stunt was orchestrated…
By David Morgan WASHINGTON (Reuters) – Republican Sam Brown will try to walk away with his party’s nomination for the U.S. Senate on Tuesday in Nevada, one of four states where voters will make their party picks for the November general election. Brown, a former U.S. Army captain backed by Senate Republicans, including Senate Minority…
(Reuters) – Southwest Airlines’ shares rose about 7% in premarket trade on Monday after the Wall Street Journal reported that activist investor Elliott Investment Management had built a nearly $2 billion stake in the U.S. carrier. According to the Journal’s report on Sunday, Elliott is one of Southwest’s largest investors and plans to push for…
(Reuters) -Spirit Airlines on Tuesday cut its revenue outlook for the second quarter, citing lower-than-expected non-ticket revenue, sending its shares down more than 6% in extended trading. The company now projects quarterly revenue to be $1.28 billion, compared with its earlier estimate of between $1.32 billion and $1.34 billion, the ultra-low-cost carrier said in a…
