By Noor Zainab Hussain and Carolyn Cohn (Reuters) – Extreme weather events and shortage of labour and materials for repairs will push property insurance rates higher in the next several years, the chief executive...
Labor, green groups urge Biden to reject any ‘watered-down’ infrastructure deal
By Valerie Volcovici WASHINGTON (Reuters) -Leaders of environmental and labor groups, among President Joe Biden’s biggest supporters, on Tuesday urged the White House and Democratic congressional leaders to reject...
‘Fortnite’ creator Epic Games touts over 500 million accounts
(Reuters) – “Fortnite” creator Epic Games, which is entrenched in a legal battle with Apple Inc, said on Tuesday it now has more than 500 million accounts. The videogame developer said it had 2.7...
Fed’s Daly says could get to taper threshold late this year
By Ann Saphir (Reuters) -The U.S. central bank may be in a position to start reducing its extraordinary support of the U.S. economy by late this year or early next year, according to San Francisco Federal Reserve...
U.S. Fed bank stress tests pave way for stock buyback, dividend bonanza
By David Henry and Pete Schroeder WASHINGTON (Reuters) – The country’s largest lenders are poised to start issuing as much as $130 billion in dividends and stock buybacks from next month after the U.S...
Blockbusters are back: New ‘Fast & Furious’ aims to jolt US movie-going
By Lisa Richwine LOS ANGELES (Reuters) – Hollywood is finally revving up the summer blockbuster engines for the first time since COVID-19 idled the movie business. “F9,” the ninth installment in the...
India says new COVID variant is a concern
By Uday Sampath Kumar and Bhargav Acharya BENGALURU (Reuters) -India on Tuesday declared a new coronavirus variant to be of concern, and said nearly two dozen cases had been detected in three states. The variant...