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May 24, 2022

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Georgia Republican primaries provide the latest test of Trump’s sway

Reuters
ATLANTA, May 24 (Reuters) – Donald Trump’s campaign to play kingmaker in this year’s U.S. midterm elections faced its biggest test yet on Tuesday, as polls closed in Georgia primaries and Republican voters waited to see whether Governor Brian Kemp weathered Trump’s bid to oust him. Trump has backed former......

Cryptoverse: Is the end of the bitcoin winter nigh?

Reuters
May 24 (Reuters) – The crypto winter is into its ninth week and bitcoin can’t shake the chills. From technicals to turnover, market indicators are flashing red or amber for the biggest cryptocurrency, which has lost a third of its value in just two months. So what now? Register now......

Explainer: A judge ruled the U.S. must keep expelling asylum seekers. What happens now?

Reuters
WASHINGTON, May 24 (Reuters) – The administration of U.S. President Joe Biden said it would appeal the decision of a Louisiana judge that upended its plans to end a COVID-era health order blocking most asylum seekers and other migrants at the border with Mexico. Despite the setback, the administration is......

Biden administration says it has not ruled out export curbs to ease fuel prices

Reuters
BAYOU CHOCTAW, La., May 24 (Reuters) – U.S. President Joe Biden has not ruled out using export restrictions to ease soaring domestic fuel prices, U.S. Energy Secretary Jennifer Granholm said on Tuesday. Asked if the United States was considering restricting petroleum exports to ease fuel prices, Granholm said “I can......

Rocky markets giving macro funds a boost

Reuters
Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 20, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 24 (Reuters) – Hedge funds that bet on bonds, currencies, stocks and commodities are......

U.S. prepares renewal of Chevron’s Venezuela license without broader terms -sources

Reuters
A Chevron gas station sign is seen in Del Mar, California, April 25, 2013. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register HOUSTON/WASHINGTON, May 24 (Reuters) – The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp’s (CVX.N) license to operate in......

Oh Snap! Social media stocks lose billions after Snapchat parent warning

Reuters
A woman stands in front of the logo of Snap Inc on the floor of the New York Stock Exchange (NYSE) in New York City, NY, U.S. March 2, 2017. REUTERS/Lucas Jackson Register now for FREE unlimited access to Reuters.com Register May 24 (Reuters) – Snap Inc (SNAP.N) shares plunged......

Quad countries, including India, shared Ukraine concerns, Japan’s Kishida says

Reuters
TOKYO, May 24 (Reuters) – Leaders of the Quad grouping of countries, including India’s Narendra Modi, shared concerns over the situation in Ukraine at their meeting in Tokyo, Japanese Prime Minister Fumio Kishida said on Tuesday. “The four leaders had candid discussion on the impact of the Ukraine situation on......

India says ‘substantive outcomes’ from Biden, Modi talks

Reuters
TOKYO/NEW DELHI, May 24 (Reuters) – Indian Prime Minister Narendra Modi and U.S. President Joe Biden reached “substantive outcomes” on Tuesday in talks to strengthen their trade and defence ties, India said, though Modi refrained from condemning Russia for its invasion of Ukraine. The leaders were in Tokyo for a......

Exclusive: Petrobras warned of diesel shortages before CEO ouster

Reuters
May 24 (Reuters) – Brazil’s Petrobras alerted the government last week that diesel pumps could run dry this year if the oil company does not sell fuels at market prices, according to four people close to discussions and an internal presentation seen by Reuters. Just days later, President Jair Bolsonaro......

Beijing ramps up COVID quarantines, Shanghai residents decry uneven rules

Reuters
Beijing sends 1,800 to quarantine in Hebei – media Vice Premier Sun Chunlan says Beijing curbs cannot ease Shanghai stocks record biggest drop in a month Airbnb latest Western internet firm to exit China BEIJING/SHANGHAI, May 24 (Reuters) – Beijing stepped up quarantine efforts to end its month-old COVID outbreak......

Oil drops on recession fears and China COVID curbs

Reuters
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson Register now for FREE unlimited access to Reuters.com Register IMF chief says she cannot rule out recession Beijing......

Manhattan return-to-office plans face persistent headwinds over COVID, safety

Reuters
The Empire State Building and New York’s skyline are seen from the SUMMIT One Vanderbilt observation deck in Midtown Manhattan, in New York City, New York, U.S., October 18, 2021. REUTERS/Eduardo Munoz Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 24 (Reuters) – Efforts by financial......

Palantir, Trafigura aim to track carbon emissions for the oil industry

Reuters
The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register DAVOS, Switzerland, May 24 (Reuters) – Palantir Technologies Inc (PLTR.N) and global commodities trader Trafigura have set......

Dollar bounces as Snapchat sours mood; Aussie, kiwi sink

Reuters
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, May 24 (Reuters) – The safe-haven dollar clawed back some of its overnight losses on Tuesday and the yen also strengthened as U.S. stock futures......

Migrants in Mexico despair; U.S. extends pandemic asylum limits

Reuters
REYNOSA, May 23 (Reuters) – Migrants across northern Mexico voiced frustration and desperation on Monday, after the U.S. government failed to lift a pandemic-era policy that has largely prevented them from seeking asylum in the United States for over two years. An eleventh-hour decision by a federal judge in Louisiana......

Quad leaders vow free and open Indo-Pacific, action on climate

Reuters
TOKYO, May 24 (Reuters) – The four leaders of the “Quad” group of countries vowed on Tuesday to work together for a free and open Indo-Pacific region and to fight climate change, as they met for talks aimed at standing up to an increasingly assertive China. U.S. President Joe Biden,......

Asia stocks restrained as U.S. futures retreat

Reuters
Men wearing protective face masks walk under an electronic board showing Japan’s Nikkei share average inside a conference hall, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan January 25, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register Asian stock markets : Nikkei dips as U.S.......

Factbox: FACTBOX Seven races to watch in Georgia, Alabama midterm primaries, Texas run-offs

Reuters
WASHINGTON, May 23 (Reuters) – Voters in Georgia and Alabama will pick candidates for the U.S. Congress and other offices in Tuesday primaries testing former President Donald Trump’s power over his Republican Party ahead of the Nov. 8 midterm elections. Arkansas will also hold nomination contests while Texas will hold......

Zoom raises full-year profit view on strong enterprise demand

Reuters
Small toy figures are seen in front of the Zoom logo in this illustration picture taken March 15, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register May 23 (Reuters) – Zoom Video Communications Inc (ZM.O) raised its full-year adjusted profit forecast on Monday, betting on......

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