By David Morgan (Reuters) -Lael Brainard, one of President Joe Biden’s nominees to the Federal Reserve, was poised to become the U.S. central bank’s next vice chair on Tuesday, but COVID-19 cases among Democrats in Congress muddled the prospects of a s…
Vice President Harris tests positive for COVID-19, not symptomatic
By Nandita Bose WASHINGTON (Reuters) -U.S. Vice President Kamala Harris tested positive for COVID-19 on Tuesday but is not exhibiting symptoms, a spokesperson said, at a time when there has been an increase in cases among White House staffers. Harris h…
U.S. Supreme Court weighs ‘remain in Mexico’ immigration dispute
By Andrew Chung WASHINGTON (Reuters) -U.S. Supreme Court justices on Tuesday grappled with President Joe Biden’s bid to rescind a hardline immigration policy begun under his predecessor Donald Trump that forced tens of thousands of migrants to stay in …
Harvard sets up $100 million endowment fund for slavery reparations
By Michela Moscufo (Reuters) -Harvard University is setting aside $100 million for an endowment fund and other measures to close the educational, social and economic gaps that are legacies of slavery and racism, according to an email the university’s p…
Nasdaq tumbles to lowest close since late 2020
By Noel Randewich and Bansari Mayur Kamdar (Reuters) – Wall Street ended sharply lower on Tuesday, with the Nasdaq closing at its lowest since December 2020 as investors worried about slowing global growth and a more aggressive Federal Reserve. Tesla s…
U.S., allies promise heavy arms for Ukraine, shrug off Russian nuclear warning
By Phil Stewart and Pavel Polityuk RAMSTEIN AIR BASE, Germany/KYIV (Reuters) -The United States and its allies promised to send more heavy weaponry to Ukraine during talks at a German air base on Tuesday, brushing off a threat from Moscow that their su…
U.S. Midwest carbon pipeline’s backers have close ties to Iowa government
(Corrects spelling of IUB spokesperson’s name in paragraph 14) By Leah Douglas (Reuters) -Summit Carbon Solutions, the company behind a huge carbon pipeline proposal in the U.S. Midwest, has close ties to Iowa officials and regulators charged with appr…
From weed joke to agreed deal: Inside Musk’s $44 billion Twitter buyout
By Krystal Hu and Anirban Sen (Reuters) – Twitter Inc and its advisers were not sure at first how seriously to take him. Elon Musk’s $54.20-per-share offer price for the social media company on April 14 contained the digits 420, a reference to a trope …
Female suicide bomber kills three Chinese teachers and Pakistani at Karachi university
By Akhtar Soomro and Asif Shahzad KARACHI, Pakistan (Reuters) -A suspected female suicide bomber killed three Chinese teachers in Karachi on Tuesday, police and officials said, in the first major attack this year against nationals of long-time ally Chi…
Biden White House braces for staff shakeup as midterms approach
By Steve Holland WASHINGTON (Reuters) – A slow-rolling staff shakeup is under way at the White House as President Joe Biden girds for battle in the November midterm elections, where he hopes to help his Democrats hang on to control of the U.S. Congress…