National

WASHINGTON (Reuters) — Federal Reserve policymakers look increasingly comfortable closing out the year with U.S. interest rates on hold and the clock ticking on how soon to deliver a first rate cut as they try to engineer a “soft landing” for the economy. “Inflation rates are movi…

(Reuters) — The Biden administration on Tuesday said it raised $3.4 million from a sale of oil and gas drilling rights in Wyoming, the first in a series of such sales that will coincide with a United Nations’ conference aimed at combating fossil fuel-driven climate change in Dubai. The Interi…

WASHINGTON (Reuters) — Senior Biden administration officials met with the makers of RSV immunizations for children this week to underscore the need for manufacturers such as Sanofi and AstraZeneca to urgently meet demand as winter approaches, the White House said on Tuesday. At a meeting at the Whi…

(Reuters) — Late payments on U.S. commercial property loans rose in November, driven by growing distress among office properties, according to a new report by Kroll Bond Rating Agency. The delinquency rate on U.S. commercial mortgage-backed securities (CMBS) reached 4.4% in November, climbing 19 ba…

WASHINGTON (Reuters) — The U.S. Senate will begin consideration of legislation including aid for Israel and Ukraine as soon as next week, Senate Majority Leader Chuck Schumer said on Tuesday, adding that an aid bill is needed even if there is no agreement with Republicans on funding for border secu…

NEW YORK (Reuters) — A British-Nigerian national has pleaded guilty in New York to involvement in a more than seven-year scheme to hack into banks’ and brokerages’ computer servers, causing more than $6 million of losses for customers. Idris Dayo Mustapha, 33, pleaded guilty to access d…

NEW YORK (Reuters) — U.S. stocks are in a bull market and will post “solid” gains in 2024, even as returns are lower than this year, BMO Capital Markets strategists said on Monday. In a market outlook report, BMO Chief Investment Strategist Brian Belski and his team projected the benchm…

NEW YORK (Reuters) — The Federal Reserve will cut rates more aggressively than markets are currently pricing in as a mild U.S. recession arrives in the first half of next year, economists at Deutsche Bank projected on Monday. In an outlook report, the Deutsche Bank economists projected 175 basis po…

WASHINGTON (Reuters) — President Joe Biden on Monday invoked a Cold War-era measure to boost investment in U.S. manufacturing of medicines and medical supplies that he has deemed important for national defense. Biden used the first meeting of his supply chain resilience council to boast about his a…

(Reuters) — Earlier this fall, Morgan Stanley bought $300 million worth of protection against losses on some of its loans from Blackstone Group and other investors, two sources familiar with the matter said. The transaction, details of which have not been previously reported, was effectively insura…