Finance

Factbox: What happens in a U.S. government shutdown?

By Richard Cowan and Susan Cornwell and Amanda Becker and Richard Cowan and Susan Cornwell and Amanda Becker, Reuters

In shutdowns, nonessential government employees are furloughed, or placed on temporary unpaid leave. Workers deemed essential, including those dealing with public safety and national security, keep...
Delaware Sues Opioid Manufacturers, Distributors Over Epidemic

By Nate Raymond, Reuters

(Reuters) - Delaware on Friday became the latest state to file a lawsuit accusing corporations of helping fuel the national opioid epidemic, suing a wide range of companies involved in making,...
Trump's Coal Job Push Stumbles in Most States

By Valerie Volcovici, Reuters

WASHINGTON (Reuters) - President Donald Trump's effort to put coal miners back to work stumbled in most coal producing states last year, even as overall employment in the downtrodden sector grew...
Trump's drug czar nominee withdraws from consideration

By Sarah N. Lynch and Makini Brice, Reuters

WASHINGTON (Reuters) - The U.S. lawmaker who was President Donald Trump's pick for drug czar withdrew on Tuesday after a report he spearheaded a bill that hurt the government's ability to crack down...
U.S. consumer finance agency expected to punish Equifax: lawyers

By Reuters and Patrick Rucker

By Lisa Lambert and Patrick Rucker WASHINGTON (Reuters) - The U.S. consumer finance watchdog agency is expected to punish Equifax for its cyber breach with the wide-ranging powers it has used with...

Congress sends Trump disaster aid, debt limit increase

By Richard Cowan and Amanda Becker, Reuters

WASHINGTON (Reuters) - The U.S. House of Representatives approved a bill to provide disaster aid, extend the debt ceiling and fund the federal government for three months on Friday, delivering on...
Congress Must Raise Debt Ceiling by Mid-October: CBO

By Ginger Gibson, Reuters

WASHINGTON (Reuters) - The U.S. Congress will need to raise the nation's debt limit by early to mid-October to avoid defaulting on loan payments, the Congressional Budget Office said in a report on...
The Five Largest US Banks are Launching Their Venmo 'Killer'

By David Henry and Anna Irrera, Reuters

The U.S. banking industry is about to launch its answer to the popular mobile payments app Venmo, in what is likely to be the biggest change in years in how individuals exchange funds digitally. Over...
Forget Trump, Here's What's Driving Stocks Higher

By Alex Rosenberg, CNBC

It looks like investor hopes about President Donald Trump will go unfulfilled, but stocks will keep rising anyway, according to famed investment strategist Byron Wien. "At the beginning of the year,...
Are the Banks Flashing a Warning Sign for the Economy?

By Jeff Cox, CNBC

Despite high levels of economic confidence expressed by business owners and consumers, one key indicator shows that it has not translated into much action yet. Loan issuance declined in the first...

Special Report: In Pentagon deal with Russians, big profit for tiny Florida firm

By Brian Grow and Stephen Grey and Roman Anin, Reuters

ATLANTA/MOSCOW (Reuters) - For months, a powerful U.S. senator has been pushing for details of a murky deal under which a Russian manufacturer supplies the rocket engines used to launch America’s spy...
The Kremlin allies behind the RD-180 rocket engine

By Brian Grow and Stephen Grey and Roman Anin and Stephen Grey and Brian Grow and Roman Anin, Reuters

MOSCOW/WASHINGTON (Reuters) - He has money, media power and the ear of President Vladimir Putin. Such is his influence that some observers have described Yuri Kovalchuk as the Rupert Murdoch of...
Euro gains on sentiment data, yen weakens

By Karen Brettell, Reuters

NEW YORK (Reuters) - The U.S. dollar weakened against the euro on Tuesday on a better than expected survey of German sentiment and gained against the yen after Japanese Prime Minister Shinzo Abe said...
Investors Are Teed Off About Absent CEO Golf Addicts

By Marine Cole

Though plenty of business gets done on the links, CEOs who golf frequently are associated with firms that have lower operating performance and firm values, according to a new study.
Hennessy Funds adds JC Penney, JetBlue as bet on U.S. consumers

By David Randall, Reuters

NEW YORK (Reuters) - Hennessy Funds has been buying shares of J.C. Penney Company Inc and JetBlue Airways Corp as part of a bet on middle-income American consumers, portfolio manager Brian Peery said...

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