WASHINGTON (Reuters) – Now more than ever, the strength of the U.S. dollar reflects the relative strength of the U.S. economy, White House economic adviser Brian Deese told reporters on Tuesday. “In a highly uncertain global environment … what we’re …
Ship captains held by Indonesian navy decry bribes and betrayal
By Joe Brock MANILA (Reuters) – Plagued by mosquitoes at night and marauding monkeys by day, ship captain Glenn Madoginog was held for months at an Indonesian naval base before ending up in a cramped prison cell, sleeping alongside convicted murderers …
Eisai, Biogen say Alzheimer’s drug succeeds in slowing cognitive decline
By Deena Beasley and Julie Steenhuysen (Reuters) -Eisai Co Ltd and Biogen Inc on Tuesday said their experimental Alzheimer’s drug significantly slowed cognitive and functional decline in a large trial of patients in the early stages of the disease, mar…
Oil prices jump after U.S. crude, fuel stocks drop, dollar weakens
By David Gaffen NEW YORK (Reuters) – Oil prices rose on Wednesday for a second day, rebounding from recent losses as the U.S. dollar eased off recent gains and U.S. fuel inventory figures showed larger-than-expected drawdowns and a rebound in consumer …
Twitter lawyer tells court Musk has not backed up claims of fake accounts
By Tom Hals WILMINGTON, Del. (Reuters) -Elon Musk’s review of Twitter Inc accounts by his advisers did not back up the billionaire’s allegation that the number of fake users was “wildly higher” than 5% as he claimed when he said he was ending the Twitt…
Ride-hailing firm Lyft slams brakes on U.S. hiring as recession fears mount
(Reuters) -Lyft Inc is freezing all hiring in the United States through the end of the year, a company spokesperson said on Tuesday, making the ride-hailing firm the latest to pause recruitment as high inflation forces cost-cutting measures. The compan…
Oil rises 2% from multi-month low on U.S. Gulf output cuts, supply outlook
By Laila Kearney NEW YORK (Reuters) – Oil rose about $2 a barrel on Tuesday from a nine-month low a day earlier, supported by supply curbs in the U.S. Gulf of Mexico ahead of Hurricane Ian and as the U.S. dollar eased from its strongest level in two de…
Analysis-Gaffe or insight? Deciphering Biden’s unguarded answers
By Trevor Hunnicutt WASHINGTON (Reuters) – “Yes,” U.S. forces will defend Taiwan if it is invaded by China. Russian President Vladimir Putin is a “butcher” who “cannot remain in power.” And the COVID-19 pandemic is “over.” U.S. President Joe Biden’s te…
As Hurricane Ian nears, millions in Florida told to evacuate
By Brendan O’Brien and Shannon Stapleton TAMPA (Reuters) – Residents of Florida’s Gulf Coast on Tuesday boarded up their homes, packed up their vehicles and headed for higher ground as Hurricane Ian drew near, threatening to bring a deadly storm surge …
U.S. Capitol attack probe committee postpone Wednesday hearing.
(Reuters) -Leaders of the U.S. congressional committee investigating the Jan. 6, 2021, attack on the Capitol said the panel had postponed a hearing scheduled for Wednesday, citing the threat to the state of Florida by a major hurricane. In a statement …