DIRS.INFO The most relevant business & tech news

☆ Biden campaign will not concentrate on Trump's legal woes, aide says
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: +1 min

U.S. President Joe Biden convenes the fourth virtual leader-level meeting of the Major Economies Forum (MEF) on Energy and Climate at the White House in Washington, U.S., April 20, 2023. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsAug 27 (Reuters) - U.S. President Joe Biden's 2024 re-election campaign will not concentrate on the legal cases against Republican front-runner Donald Trump, who faces four sets of criminal charges, a top Biden campaign aide said on Sunday. "We're not going to focus on Donald Trump's legal problems," Biden campaign co-chair Cedric Richmond told ABC's "This Week With George Stephanopoulos" program. In most opinion polls, Trump holds a nearly 40-point lead against his rivals for the Republican nomination to challenge Biden, the Democrat who defeated him in 2020. Reporting By Arshad Mohammed in Saint Paul, Minn.; editing by Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Kevin Lamarque, Joe Biden's, Donald Trump, Trump, president's, We're, Donald Trump's, Biden, Cedric Richmond, ABC's, George Stephanopoulos, Arshad Mohammed, Grant McCool Organizations: Major Economies, White, REUTERS, Republican, Biden, Democrat, Thomson Locations: Energy, Washington , U.S, Atlanta, U.S, Georgia, Fulton County, Saint Paul, Minn

At the same time, investigators acknowledged that it's possible not all of the remains of victims from the August 8th fire on Maui will ever be found. "The number of family members who are coming in to provide DNA samples is a lot lower than they've seen in other disasters," he said. Martin said he could not explain why people seemed less willing to provide DNA samples - so far 104 had been collected. The wildfires whipped by winds tore through the beachside town of Lahaina in west Maui, killing at least 115 people, according to Maui County officials. Reporting by Jonathan Allen in Lahaina, Hawaii, and Brad Brooks in Longmont, Colorado; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Kevin Lamarque, Andrew Martin, Martin, John Pelletier, Pelletier, Jonathan Allen, Brad Brooks, Michael Perry Organizations: Lahaina Civic Center, REUTERS, Maui Police, Authorities, Thomson Locations: Lahaina, Maui, Hawaii, U.S, LAHAINA, Maui County, beachside, Lahaina , Hawaii, Longmont , Colorado

☆ Ukraine war divides Republicans heading into first GOP debate
▼ + stars: | 2023-08-23 | by ( Amanda Macias | ) www.cnbc.com time to read: +12 min

Ukrainian Presidency | Anadolu Agency | Getty ImagesWASHINGTON — The Republican primary debate in Milwaukee Wednesday is expected to showcase the deep divisions within the party over America's role in the Russian war on Ukraine. Scott Olson | Getty ImagesFormer Vice President Mike Pence was the first Republican candidate to travel to Ukraine after Russia invaded. He says the Russia-China axis is by far the top threat to U.S. national security and merits more focus than the Ukraine war. Tim ScottLikely Republican presidential candidate and U.S. Joseph Prezioso | AFP | Getty ImagesThe former New Jersey governor was the second Republican candidate to visit Ukraine after Pence.

Persons: Ukraine Volodymyr Zelenskyy, Joe Biden, Donald Trump, Carlos Barria, Vladimir Putin, Volodymyr Zelenskyy, Trump, could've, Sean Hannity, Zelenskyy, Biden, Mike Pence, Scott Olson, they've, Pence, Putin, Vivek Ramaswamy, Tucker Carlson, Scott Morgan, Ramaswamy, Nikki Haley U.S, Nikki Haley, Kevin Lamarque, Haley, Tim Scott, Brian Snyder, Tim Scott of, Scott, Ron DeSantis, Scott Brown, Reba Saldanha, DeSantis, pushback, Chris Christie, Joseph Prezioso, Christie's, Christie, Francis Suarez, Miami Mayor Francis Suarez, Ronald Reagan, Mario Tama, Getty Images Miami Mayor Francis Suarez, Suarez, Will Hurd, Hurd, Republican frontrunners Trump, Doug Burgum, Dan Koeck, Asa Hutchinson, Arkansas Asa Hutchinson, Drew Angerer Organizations: Anadolu Agency, Getty Images WASHINGTON, Republican, Milwaukee Wednesday, GOP, New York Times, U.S, Army, National Defense, Reuters, Fox News, NATO, Getty, NBC News, Marine Corps, Vivek Ramaswamy Republican, Former Fox, Iowa, United, United Nations, American Enterprise Institute, New Hampshire Institute, Politics, Saint Anselm College, NBC, Ron DeSantis Florida Governor, Republican U.S, New Jersey, New Hampshire Town Hall, AFP, New, CNN, Miami Mayor, Library, Getty Images Miami Mayor, National, Harvard, Republican Party of Iowa, Former, CIA, Disney, Doug Burgum North, Reuters North, Asa Hutchinson Republican, Washington Hilton Locations: Ukraine, Kharkiv, Russia, Ukrainian, Milwaukee, United States, Europe, Moscow, Iran, Siena, Fort Drum , New York, U.S, South Carolina, Ankeny , Iowa, Russian, Kyiv, Berlin , New Hampshire, Des Moines , Iowa, China, Eastern Europe, Arlington , Virginia, Taiwan, North Korea, Manchester , New Hampshire, Tim Scott of South Carolina, America, Ron DeSantis Florida, Rye , New Hampshire, Reuters Florida, New Hampshire, Goffstown , New Hampshire, New Jersey, Bucha, Simi Valley , California, Harvard, Former Texas, Texas, Crimea, Desantis, Doug Burgum North Dakota, Fargo , North Dakota, Reuters North Dakota, Arkansas, Washington ,

REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsWASHINGTON, Aug 22 (Reuters) - U.S. President Joe Biden named former federal prosecutor and Chicago lawyer Ed Siskel as his top White House lawyer on Tuesday, saying the former White House deputy counsel would start his new post next month. Siskel served in the White House Counsel's office for nearly four years when Biden was vice president under former President Barack Obama, including as deputy counsel, the White House said in a statement. "For nearly four years in the White House when I was vice president, he helped the Counsel’s Office navigate complex challenges and advance the president’s agenda on behalf of the American people," Biden wrote. He previously was a federal prosecutor for the U.S. Attorney’s Office in the Northern District of Illinois and was a clerk for then-Justice John Stevens on the U.S. Supreme Court, the White House said. Siskel replaces Stuart Delery, who is stepping down after serving as White House counsel since July 2022.

Persons: Joe Biden, Kevin Lamarque, Ed Siskel, Siskel, Biden, Barack Obama, I, Biden’s, Hunter, Obama, Rahm Emanuel, John Stevens, Stuart Delery, Susan Heavey, Bernadette Baum Organizations: Lahaina Civic Center, REUTERS, Rights, White, . House Republicans, Chicago, Trump, U.S . Department of Justice, U.S, Attorney’s, Northern District of Illinois, Supreme, Thomson Locations: Lahaina, Maui, Hawaii, U.S, Chicago, Northern District

The U.S. Supreme Court building is seen prior to the start of the court's 2022-2023 term in Washington, U.S. September 30, 2022. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsAug 21 (Reuters) - A parents group backed by a conservative legal organization asked the U.S. Supreme Court on Monday to consider whether an admissions policy aimed at diversifying an elite Virginia high school is racially discriminatory. But unlike the higher education cases, the admissions policy adopted in 2020 by Virginia's Fairfax County School Board for the state-chartered magnet high school was on its face race neutral. In February 2022, U.S. District Judge Claude Hilton sided with the parents' group lawyers at the libertarian Pacific Legal Foundation. Last year the Supreme Court declined an emergency request to block its policy, though three conservative justices dissented.

Persons: Kevin Lamarque, Thomas, Claude Hilton, Appeals, Nate Raymond, Clarence Fernandez Organizations: U.S, Supreme, REUTERS, Thomas Jefferson High School for Science & Technology, Fairfax, Fairfax County School Board, TJ, Coalition, District, Pacific Legal Foundation, Circuit, Thomson Locations: Washington , U.S, Virginia, Fairfax County, Alexandria, Constitution's, U.S, Richmond, Boston

☆ Biden to attend G20 summit in India, VP Harris goes to ASEAN
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

U.S. President Joe Biden speaks during a community event at the Lahaina Civic Center, in the fire-ravaged town of Lahaina on the island of Maui in Hawaii, U.S., August 21, 2023. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsAug 22 (Reuters) - U.S. President Joe Biden will visit India from Sept. 7-10 for a summit of the Group of 20 nations while Vice President Kamala Harris will travel to Jakarta Sept. 4-7 to attend summits of Southeast Asian leaders, the White House said on Tuesday. White House national security adviser Jake Sullivan announced the trips as the BRICS group of major emerging economies - Brazil, Russia, India, China and South Africa - held a summit in Johannesburg. Reuters reported exclusively on Aug. 9 that Biden was unlikely to attend summits of the 10-nation Association of Southeast Asian Nations (ASEAN) in Jakarta, citing several diplomats saying it would be a significant disappointment if Biden did not go. Reporting by Susan Heavey and Arshad Mohammed, writing by David Ljunggren and Arshad Mohammed; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Kevin Lamarque, Kamala Harris, Jake Sullivan, Sullivan, Biden, Susan Heavey, Arshad Mohammed, David Ljunggren, Bill Berkrot Organizations: Lahaina Civic Center, REUTERS, White House, Reuters, Association of Southeast Asian Nations, ASEAN, Camp David, Thomson Locations: Lahaina, Maui, Hawaii, U.S, India, Jakarta, Brazil, Russia, China, South Africa, Johannesburg, United States, Asia, Pacific, Indo Pacific, South Korea, Japan, Camp

☆ Biden heading to Maui to meet with wildfire survivors
▼ + stars: | 2023-08-21 | by ( Steve Holland | ) www.reuters.com time to read: +3 min

[1/8] U.S. President Joe Biden and first lady Jill Biden board a plane as they depart for Maui from Reno, Nevada, U.S., August 21, 2023. "It’s going to be an emotional day for everyone," White House spokesperson Olivia Dalton told reporters on Air Force One. Biden, who is seeking reelection in 2024, has been criticized by some Republicans and others for his initial response to the Maui fires. Biden said on Aug. 10 he would expand federal aid to Hawaii and promised help to anyone who needed it. Biden himself said he did not want to travel to Maui until he was assured he would not interfere with emergency response efforts.

Persons: Joe Biden, Jill Biden, Kevin Lamarque, Joe Biden's, Biden, Olivia Dalton, Dalton, Deanna Criswell, Richard Bissen, Bob Fenton, Criswell, Steve Holland, Jarrett Renshaw, Colleen Jenkins, Michael Perry, Jonathan Oatis, Heather Timmons, Cynthia Osterman Organizations: REUTERS, FORCE, Air Force, Federal Emergency Management Agency, Facebook, Monday, FEMA, Southwest, Reuters Graphics Reuters, Maui, Reuters, Thomson Locations: Maui, Reno , Nevada, U.S, Tahoe, Lahaina, Hawaii, Delaware, Maui County, Southern California

☆ Bidens staying at Lake Tahoe home of climate activist Tom Steyer
▼ + stars: | 2023-08-19 | by ( Steve Holland | ) www.reuters.com time to read: +1 min

[1/2] U.S. President Joe Biden and first lady Jill Biden step out from Air Force One upon arrival in Reno, Nevada, U.S., August 18, 2023. REUTERS/Kevin Lamarque Acquire Licensing RightsSOUTH LAKE TAHOE, California Aug 19 (Reuters) - President Joe Biden, his wife Jill, son Hunter and other family members have arrived at Lake Tahoe for a week of August vacation, and they are staying at a home rented from billionaire climate activist Tom Steyer. The Bidens arrived late on Friday in the Glenbrook community on the eastern shore of the lake, on the Nevada side. Biden's son, Hunter Biden, flew separately on a commercial flight with his wife Melissa Cohen and their son Beau and were already at the residence when the other Bidens arrived, the White House said. President Biden, asked about the case at a Camp David news conference on Friday, declined comment.

Persons: Joe Biden, Jill Biden, Kevin Lamarque, Jill, Hunter, Tom Steyer, Bidens, Kat Taylor, Steyer, Biden, Republican Donald Trump, Hunter Biden, Melissa Cohen, Beau, Steve Holland, Cynthia Osterman Organizations: Air Force, REUTERS, Democratic, Republican, Camp David, Thomson Locations: Reno , Nevada, U.S, TAHOE , California, Glenbrook, Nevada, Hawaii, Maui

☆ Biden campaign plans first big push - skewer the Republican debate
▼ + stars: | 2023-08-17 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +3 min

They plan to placard Milwaukee with advertisements listing Biden's "record of accomplishments," while a billboard truck will circle the debate venue. Biden campaign co-chair Cedric Richmond and Democratic National Committee (DNC) chair Jaime Harrison will hold a press conference before the debate. Biden's low-key re-election campaign has so far largely avoided public rallies and events, with Biden focusing largely on fundraising and the presidency. A slow start to an incumbent's presidential re-election campaign is not unusual: Barack Obama held his first official rally for the 2012 election in May of that year. Biden won the state by less than a percentage point in 2020; Trump won Wisconsin by a similar margin in 2016.

Persons: Joe Biden, Kevin Lamarque, Joe Biden's, Donald Trump, Biden, Cedric Richmond, Jaime Harrison, Harris, Julie Chavez Rodriguez, Barack Obama, Black, Trevor Hunnicutt, Heather Timmons, Jonathan Oatis Organizations: Ingeteam Inc, REUTERS, Rights, Republican, Democratic, Fox News, Trump, Milwaukee, Biden, Democratic National Committee, Biden's Democratic Party, Wisconsin, Thomson Locations: Hawaii, Milwaukee, Milwaukee , Wisconsin, U.S, Wisconsin

U.S. President Joe Biden hopes to cement those ties with a summit at Camp David, the storied presidential retreat in Maryland's Catoctin Mountains, this Friday. To be sure, previous efforts to build closer ties between South Korea and Japan have stumbled. China blasted the move, seizing on a chance to embarrass Tokyo ahead of the Camp David summit. No specific action by the trio in Camp David is expected to sharply escalate rhetoric with Beijing. Just last month, Kim hosted Russia's defense minister and a Chinese Communist Party Politburo member in Pyongyang for an event celebrating the end of the 1950-1953 war between North and South Korea.

Persons: Joe Biden, Kevin Lamarque, Yoon Suk, didn't, Yoon, Biden, Camp David, Dennis Wilder, George W, Bush, Kishida, Kim Tae, hyo, David, Donald Trump, Kurt Campbell, East Asia Mira Rapp, Hooper, Xi Jinping, Kim Jong, Kim, Trevor Hunnicutt, David Brunnstrom, Hyonhee Shin, Josh Smith, Tim Kelly, Sakura Murakami, Don Durfee, Alistair Bell Organizations: White, REUTERS, South, Camp, Georgetown University, Republican, East Asia, NATO, Chinese Communist Party Politburo, Thomson Locations: Washington , U.S, WASHINGTON, SEOUL, TOKYO, Japan, South Korean, North Korea, Seoul, Tokyo, East Asia, Taiwan, U.S, Camp, Maryland's Catoctin, South Korea, Korean, China, Korea, Washington, Pacific, Beijing, Russia, Pyongyang, North

WASHINGTON, Aug 16 (Reuters) - U.S President Joe Biden on Wednesday used the first anniversary of his signature Inflation Reduction Act to pitch the landmark clean-energy law as an economic powerhouse to a public that remains largely unaware of its contents. The legislation, Biden said, has shifted production of critical components away from China and into the United States. [1/3]U.S. President Joe Biden delivers remarks during an event to celebrate the anniversary of his signing of the 2022 Inflation Reduction Act legislation, in the East Room of the White House in Washington, U.S., August 16, 2023. The bill's name, the Inflation Reduction Act, helped solve a political problem for Democrats who were concerned that voters would punish them for soaring prices in the 2022 congressional elections. "Voters hear the Inflation Reduction Act, but they do not see their grocery bills coming down.

Persons: Joe Biden, Biden, Moody's, Kevin Lamarque, MARK Biden, WHAT'S, Jimmy Siegel, Jarrett Renshaw, Nichola Groom, Moira Warburton, Heather Timmons, Grant McCool, Jonathan Oatis, Andy Sullivan Organizations: Biden, LOVE, Wall, Bank of America, White, REUTERS, Democrats, Reuters, Washington Post, University of Maryland, White House, Democratic, Thomson Locations: China, United States, U.S, Asia, Europe, Washington , U.S

☆ Biden to visit Hawaii on Monday, meet with wildfire survivors -White House
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: 1 min

U.S. President Joe Biden speaks about his intention to visit Hawaii as soon as possible, and federal assistance in dealing with the Hawaii wildfires, while delivering remarks during a visit to Ingeteam Inc.’s Milwaukee facility in Milwaukee, Wisconsin, U.S., August 15, 2023. REUTERS/Kevin Lamarque Acquire Licensing RightsWASHINGTON, Aug 16 (Reuters) - U.S. President Joe Biden and first lady Jill Biden will travel to Hawaii on Monday to survey damage from the deadly wildfires that ravaged the resort town of Lahaina, the White House said. Biden will meet with first responders and survivors, as well as federal, state and local officials, the White House said in a statement. Reporting by Rami Ayyub; editing by Susan HeaveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Kevin Lamarque, Jill Biden, Biden, Rami Ayyub, Susan Heavey Organizations: Ingeteam Inc, REUTERS, Rights, Thomson Locations: Hawaii, Milwaukee, Milwaukee , Wisconsin, U.S, Lahaina

Senator Dianne Feinstein (D-CA) attends a Senate Judiciary Committee executive business meeting to vote on legislation and pending nominations before the committee, on Capitol Hill in Washington, U.S., May 11, 2023. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsWASHINGTON, Aug 15 (Reuters) - U.S. Democratic Senator Dianne Feinstein has filed a lawsuit alleging financial elder abuse and breach of trust by the trustees of her late husband's estate, with the legal filing seeking their removal over the alleged wrongdoing. The lawsuit alleges that the trustees committed "financial abuse" of Feinstein by "wrongfully withholding distributions to which (her late husband's) trust entitles her in bad faith and diverting assets that they should have used to fund" the senator's trust. The attorney added: "The trustees have always respected Senator Feinstein and always will. First elected to the Senate in 1992, Feinstein has said she will not seek re-election in 2024.

Persons: Dianne Feinstein, Kevin Lamarque, Katherine Feinstein, Feinstein, Richard Blum, Steven Braccini, Michael Klein, Marc Scholvinck, Kanishka Singh, Sandra Maler Organizations: Capitol, REUTERS, Rights, Democratic, California Superior Court, Democrats, Senate, San Francisco Chronicle, Committee, Thomson Locations: Washington , U.S, California, County, San Francisco, Washington

☆ Biden urges automakers, union to make 'a fair agreement'
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

U.S. President Joe Biden waves as he steps from Marine One upon his return from Delaware to the White House in Washington, U.S., August 14, 2023. REUTERS/Kevin LamarqueWASHINGTON, Aug 14 (Reuters) - U.S. President Joe Biden on Monday called for union auto workers and Detroit's Big Three automakers to come together on a new agreement ahead of their contact's expiration next month. "I’m asking all sides to work together to forge a fair agreement," Biden said in a statement as talks continue between the United Auto Workers (UAW) and Ford (F.N), General Motors (GM.N) and Stellantis' Chrysler (STLAM.MI) . Representatives for the UAW and the three automakers could not immediately be reached for comment. Reporting by Ismail Shakil and Ben Klayman; writing by Susan Heavey; editing by Rami AyyubOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Kevin Lamarque WASHINGTON, Biden, Ismail Shakil, Ben Klayman, Susan Heavey, Rami Ayyub Organizations: Marine, White, REUTERS, United Auto Workers, UAW, Ford, General Motors, Chrysler, Thomson Locations: Delaware, Washington , U.S

☆ Biden administration tells US Supreme Court to review social media laws
▼ + stars: | 2023-08-14 | by ( Andrew Chung | ) www.reuters.com time to read: +2 min

The U.S. Supreme Court building is seen prior to the start of the court's 2022-2023 term in Washington, U.S. September 30, 2022. REUTERS/Kevin Lamarque/File PhotoAug 14 (Reuters) - President Joe Biden's administration urged the U.S. Supreme Court to take up a dispute over Republican-backed laws in Texas and Florida that would undercut efforts by social media companies to curb content deemed objectionable on their platforms. Florida is seeking to revive its law after a lower court ruled largely against it, while the industry groups are appealing a separate lower court decision upholding the Texas law, which the Supreme Court blocked at an earlier stage of the case. The companies have said that without editorial discretion their websites would be overrun with spam, bullying, extremism and hate speech. Texas' law forbids censoring users based on "viewpoint."

Persons: Kevin Lamarque, Joe Biden's, Andrew Chung, Sonali Paul Organizations: U.S, Supreme, REUTERS, Republican, Meta, Inc, Twitter, Justice Department, Thomson Locations: Washington , U.S, Texas, Florida, New York

☆ Biden in Utah to mark anniversary of toxic burn pit legislation
▼ + stars: | 2023-08-10 | by ( Nandita Bose | ) www.reuters.com time to read: +2 min

SALT LAKE CITY (Reuters) - President Joe Biden will visit a Utah veterans’ medical center on Thursday to mark the one-year anniversary of the signing of legislation providing aid to veterans sickened by gases from military toxic burn pits. 1st Class Heath Robinson, stand by in the East Room of the White House, in Washington, U.S., August 10, 2022. The U.S. military used burn pits to dispose of waste on foreign bases until the mid-2010s. Under the law, certain cancers and ailments, including hypertension, are presumed to be connected to the burn pits and the need for veterans to prove they were connected was eliminated. Biden has said he believes there may have been a connection between the brain cancer that killed his son Beau Biden at age 46 and the burn pits that Beau was exposed to during his military service.

Persons: Joe Biden, Heath Robinson, Danielle, Brielle Robinson, Kevin Lamarque, Biden, invigorate, George E, Beau Biden, Beau Organizations: LAKE CITY, White, REUTERS, Wahlen Department of Veterans Affairs Medical, Reuters Locations: Utah, Washington , U.S, American, Salt Lake City, U.S

☆ Biden marks anniversary of toxic burn pit legislation during Utah trip
▼ + stars: | 2023-08-10 | by ( Nandita Bose | ) www.reuters.com time to read: +3 min

SALT LAKE CITY (Reuters) - President Joe Biden visited a U.S. veterans’ medical center in Utah on Thursday to mark the one-year anniversary of the signing of legislation that provides aid to veterans sickened by gases from military toxic burn pits. 1st Class Heath Robinson, stand by in the East Room of the White House, in Washington, U.S., August 10, 2022. The U.S. military used burn pits to dispose of waste on foreign bases until the mid-2010s. Under the law, certain cancers and ailments, including hypertension, are presumed to be connected to the burn pits and the need for veterans to prove they were connected was eliminated. “The PACT Act means today’s veterans and their families won’t suffer the same painful frustrating delays and denials,” Biden said.

Persons: Joe Biden, Heath Robinson, Danielle, Brielle Robinson, Kevin Lamarque, Biden, invigorate, George E, Orange, ” Biden, “, ”, Beau Biden, Beau Organizations: LAKE CITY, White, REUTERS, Wahlen Department of Veterans Affairs Medical, Reuters Locations: U.S, Utah, Washington , U.S, American, Salt Lake City, Vietnam

☆ Biden calls China a 'ticking time bomb' due to economic troubles
▼ + stars: | 2023-08-10 | by ( Nandita Bose | ) www.reuters.com time to read: +2 min

U.S. President Joe Biden speaks as he holds a press conference with Finland's President Sauli Niinisto in Helsinki, Finland, July 13, 2023. REUTERS/Kevin Lamarque/File PhotoSALT LAKE CITY, Aug 10 (Reuters) - U.S. President Joe Biden on Thursday called China a "ticking time bomb" because of its economic challenges and said the country was in trouble because of weak growth. The United States, the world's largest economy, has fought high inflation and seen a robust labor market. "China is in trouble," Biden said on Thursday. Biden on Wednesday signed an executive order that will prohibit some new U.S. investment in China in sensitive technologies like computer chips.

Persons: Joe Biden, Sauli Niinisto, Kevin Lamarque, That’s, ” Biden, Biden's, Xi Jinping, Antony Blinken, Biden, Nandita Bose, Jeff Mason, Cynthia Osterman Organizations: Finland's, REUTERS, CITY, Wednesday, Thomson Locations: Helsinki, Finland, China, Utah, Beijing, United States

☆ US Senator Feinstein back home after fall, brief hospitalization
▼ + stars: | 2023-08-09 | by ( Moira Warburton | ) www.reuters.com time to read: +2 min

Senator Dianne Feinstein (D-CA) attends a Senate Judiciary Committee executive business meeting to vote on legislation and pending nominations before the committee, on Capitol Hill in Washington, U.S., May 11, 2023. Senator Dianne Feinstein, 90, was briefly hospitalized following a minor fall in her San Francisco home, her office said on Wednesday, the latest incident involving a key member of the committee that approves federal judges. "All of her scans were clear and she returned home," after a brief Tuesday night hospitalization, Feinstein's office said in a statement. Feinstein is a member of the Senate Judiciary Committee that plays a critical role in confirming presidential appointments of federal judges. First elected to the Senate in 1992, Feinstein has said she will not seek re-election in 2024.

Persons: Dianne Feinstein, Kevin Lamarque, Feinstein, Republican Mitch McConnell, Ramsay Hunt, Moira Warburton, Rami Ayyub, David Ljunggren, Susan Heavey, Jonathan Oatis Organizations: Capitol, REUTERS, Democratic U.S, Democrats, Senate, Top, Republican, Committee, Thomson Locations: Washington , U.S, San, Washington

☆ Lingering inflation worries keep Biden approval stagnant at 40%: Reuters/Ipsos poll
▼ + stars: | 2023-08-09 | by ( Josephine Walker | ) www.reuters.com time to read: +3 min

The three-day online poll, which asked Americans if they approve or disapprove of the way Biden is handling his job, matched the July reading of 40%. The economy, unemployment and jobs remained Americans' top concern with a fifth of respondents citing that as the most important problem facing the U.S. today. A separate Reuters/Ipsos poll last week found that worries about the economy could cost Biden support in the 2024 election, when he faces a likely rematch with Republican former President Donald Trump. The latest poll's approval rating for Biden of 40% was just four points higher than the 36% lows he hit in mid-2022. The Reuters/Ipsos poll was conducted online, in English, Aug. 4-6 and collected responses from 1,032 adults, using a nationally representative sample.

Persons: Joe Biden, Kevin Lamarque, Joe Biden's, Biden, White, Donald Trump ., Josephine Walker, Scott Malone, Alistair Bell Organizations: Social Security, Medicare, OB Johnson, Community Center, REUTERS, Reuters, Democratic, Republican, Thomson Locations: Hallandale Beach , Florida, U.S

[1/2] U.S. President Joe Biden holds up a ghost gun kit while announcing new measures by his administration to fight ghost gun crime at the White House in, Washington, U.S., April 11, 2022. REUTERS/Kevin Lamarque/File PhotoAug 8 (Reuters) - The U.S. Supreme Court on Tuesday granted a request by President Joe Biden's administration to reinstate - at least for now - a federal regulation aimed at reining in privately made firearms called "ghost guns" that are difficult for law enforcement to trace. A Reuters/Ipsos poll completed on Tuesday found that 70% of Americans support requirements that ghost guns have serial numbers and be produced only by licensed manufacturers. There were about 20,000 suspected ghost guns reported in 2021 to the ATF as having been recovered by law enforcement in criminal investigations - a tenfold increase from 2016, according to White House statistics. Biden's administration on July 27 asked the justices to halt O'Connor's ruling that invalidated a Justice Department restriction on the sale of ghost gun kits while it appeals to the New Orleans-based 5th U.S.

Persons: Joe Biden, Kevin Lamarque, Joe Biden's, District Judge Reed O'Connor, John Roberts, Amy Coney Barrett, Clarence Thomas, Samuel Alito, Neil Gorsuch, Brett Kavanaugh, O'Connor, Sellers, Alito, Andrew Chung, Will Dunham Organizations: White, REUTERS, U.S, Supreme, District, Conservative, Control, Bureau, Alcohol, Tobacco, Firearms, Explosives, Gun Control, Justice, Coalition, Reuters, White House, Circuit, Appeals, Firearms Policy Coalition, Constitution, Thomson Locations: Washington , U.S, Fort Worth , Texas, New Orleans, Texas, United States, U.S, New York

☆ Sluggish return of business travelers forces US airlines to rejig their networks
▼ + stars: | 2023-08-03 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +5 min

Before the pandemic hit in 2020, corporate travel was the travel industry's cash cow. Investors in travel companies are concerned that the spending from vacationers cannot make up the shortfall. For months, Alaska Air's (ALK.N) business bookings have been 25% below pre-pandemic levels. JetBlue Airways (JBLU.O) said on Tuesday it will redeploy capacity away from New York to high-margin leisure destinations with business travel demand 20% below pre-pandemic levels. Recent passenger screening and fare data shows U.S. travel demand has peaked, hurting the carriers' pricing power.

Persons: Ronald Reagan, Kevin Lamarque, Shane Tackett, Bob Jordan, Kevin Kopelman, Luis Gallego, JPMorgan Chase, Goldman Sachs, Morgan Stanley, Rajesh Kumar Singh, Doyinsola Oladipo, Sarah Young, Joanna Plucinska, David Gaffen, Matthew Lewis Organizations: Ronald Reagan Washington National Airport, REUTERS, U.S, Investors, Airlines for America, Reuters, JetBlue Airways, Southwest Airlines, Marriott, MasterCard, Delta Air Lines, American Airlines, NYSE, Cowen, British Airways, IAG, Google, JPMorgan, Thomson Locations: Ronald Reagan Washington, Arlington , Virginia, U.S, Alaska, Seattle, Mexico, Costa Rica, California, New York, Asia, Pacific, Europe, Chicago, London

☆ Fitch downgrades Fannie Mae, Freddie Mac after US rating cut
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +1 min

A man walks through a plaza at the new Fannie Mae headquarters in Washington, U.S., October 4, 2022. REUTERS/Kevin LamarqueAug 2 (Reuters) - Ratings agency Fitch on Wednesday downgraded U.S. mortgage finance giants Fannie Mae and Freddie Mac Long-Term Issuer Default Ratings (IDR) and senior unsecured debt ratings to 'AA+' from 'AAA' after the U.S. rating downgrade on Tuesday. The agency said the cut was a result of Tuesday's downgrade and was "not being driven by fundamental credit, capital or liquidity deterioration at firms". "The downgrade to the ratings of Fannie and Freddie was a certainty after Fitch's downgrade of the US rating since the two ratings are linked," said Gennadiy Goldberg, Head of US Rates Strategy at TD Securities. The move to cut U.S ratings on Tuesday drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.

Persons: Fannie Mae, Kevin Lamarque, Fitch, Freddie Mac Long, Fannie, Freddie, Gennadiy Goldberg, Urvi, Megan Davies, Chris Reese, Sandra Maler Organizations: REUTERS, AAA, U.S, TD Securities, White, Thomson Locations: Washington , U.S, Bengaluru, New York

REUTERS/Kevin Lamarque/File PhotoNEW YORK, July 11 (Reuters) - Wall Street banks are expected to report higher profits for the second quarter as rising interest payments offset a downturn in dealmaking. Results for investment banking behemoths will also weaken, with EPS forecast to drop almost 59% at Goldman Sachs (GS.N). That offsets the doldrums in investment banking, where revenues have been depressed by rising interest rates and economic uncertainty. Reuters GraphicsBanking executives have also lowered expectations for the second quarter after mergers, acquisitions and debt offerings plunged in recent months. "We see higher credit risk ahead for lower to middle class families with higher credit card debt that cannot keep pace with higher living costs," Leon added.

Persons: Kevin Lamarque, Goldman Sachs, Morgan Stanley's, David Konrad, Keefe, Goldman, Stephen Biggar, Wells, Morgan Stanley, Betsy Graseck, Kenneth Leon, Leon, Konrad, Nupur Anand, Saeed Azhar, Niket, Lananh Nguyen, Marguerita Choy, Andrea Ricci Organizations: Bank of America, REUTERS, JPMorgan, . Bank of America's, Citigroup, Universal, Argus Research, JPMorgan Chase, Reuters Graphics Banking, Federal Reserve, CFRA Research, Investors, Thomson Locations: Washington, Wells, Refinitiv, Wells Fargo, U.S, New York, Bengaluru

Search resuls for: "Kevin Lamarque"

25 mentions found