Reuters

(Reuters) - Stalled inflation buoyed in part by housing market strength means the Federal Reserve will need to hold borrowing costs steady for an "extended period," and possibly all year, Minneapolis Federal Reserve President Neel Kashkari said on Tuesday.

"I would need to see multiple positive inflation readings suggesting that the disinflation process is on track" to support a rate cut, Kashkari said at a Milken Institute conference.

By Amanda Perobelli and Leonardo Benansatto

ELDORADO DO SUL, Brazil (Reuters) - Rescuers rushed to evacuate people stranded by devastating floods across the southern Brazilian state of Rio Grande do Sul on Tuesday, with 90 reported dead and desperate survivors seeking food and basic supplies.

On the outskirts of Eldorado do Sul, 17 kilometers (10.5 miles) from the state capital of Porto Alegre, many people who left their homes were... (continue reading...)

By Mohammad Salem

RAFAH (Reuters) - Fearful medics and patients are fleeing a hospital in Rafah and transfers of the sick and injured via a border crossing with Egypt are at a standstill due to Israel's military operation, doctors and residents said on Tuesday.

The Abu Yousef al-Najjar Hospital is located in an area of southern Gaza the Israeli army has designated a combat zone in a conflict that has seen repeated Israeli attacks on... (continue reading...)

WASHINGTON (Reuters) - U.S. President Joe Biden's administration has been holding up several shipment of weapons to Israel for at least two weeks, a source familiar with the matter said on Tuesday.

Politico, which broke the news, cited a U.S. official as saying Washington wanted to send a political message to Israel.

Washington has said it could not support an Israeli invasion of the Gaza border city of Rafah without an appropriate and... (continue reading...)

By Medha Singh

(Reuters) - Trading app Robinhood Markets is expected to report its highest quarterly revenue in nearly three years, helped by a steady rebound in equity markets and crypto trading.

Bets on global interest rate cuts sent U.S. stocks and bitcoin to record highs earlier this year and attracted traders back to markets, helping the retail investor-focused brokerage earn more transaction-based revenue.

Robinhood,... (continue reading...)