Today's Top Story
U.S. capital running out of gas, even as Colonial Pipeline recovers
WASHINGTON (Reuters) -Washington was running out of gasoline on Friday, even as the country's largest fuel pipeline network ramped up deliveries following a cyberattack and U.S. officials assured motorists that supplies would return to normal soon. Read More
Business News
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Less than 3% of U.S. small businesses could face tax hikes under Biden plan -White House
WASHINGTON (Reuters) -Less than 3% of the roughly 30 million small-business owners in the United States could face tax increases under President Joe Biden's jobs and infrastructure plan, according to a new analysis by the White House on Friday.
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Facebook faces prospect of 'devastating' data transfer ban after Irish ruling
DUBLIN (Reuters) -Ireland's data regulator can resume a probe that may trigger a ban on Facebook's transatlantic data transfers, the High Court ruled on Friday, raising the prospect of a stoppage that the company warns would have a devastating impact on its business.
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U.S. tariff review considers commodity shortages, inflation -official
WASHINGTON (Reuters) - The Biden administration is weighing concerns about commodity shortages and inflation as it reviews trade tariff policy, the top White House economist said on Friday.
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Economic News
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U.S. retail sales pause, record savings seen supporting spending
WASHINGTON (Reuters) - U.S. retail sales unexpectedly stalled in April as the boost from stimulus checks faded, but an acceleration is likely in the coming months amid record savings and a reopening economy.
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Wall Street ends volatile week sharply higher
NEW YORK (Reuters) - Wall Street closed higher in a broad rally, an upbeat conclusion to whipsaw week of buying and selling as signs of a rebounding economy squared off against mounting inflation jitters.
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U.S., Mexico, Canada to hold 'robust' talks on trade deal - statement
(Reuters) -The United States, Mexico and Canada will next week hold their first formal talks on their continental trade deal, with particular focus on labor and environmental obligations, the U.S. government said on Friday.
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Money News
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Analysis: U.S. investors looking for protection as inflation pressures bubble, stocks volatile
NEW YORK (Reuters) - U.S. investors grappling with the latest stock volatility and evidence of inflation say they have been positioning themselves for more unexpected kinks in the road to recovery.
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Exclusive: Personal finance startup NerdWallet files for U.S. IPO - sources
(Reuters) - NerdWallet Inc, the owner of the eponymous consumer financial advice website, has confidentially submitted paperwork to U.S. regulators for an initial public offering (IPO), people familiar with the matter said on Friday.
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DBS private bank offers wealth succession planning for cryptocurrencies
HONG KONG (Reuters) - DBS Group said on Friday its private banking arm has started offering trust services for cryptocurrencies, helping rich clients include the emerging asset class in their succession plans.
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