Reuters

By Doyinsola Oladipo

NEW YORK (Reuters) - Lower-income Americans dialed back their travel spending in April as reduced savings, higher credit card delinquencies, and inflation weighed on household budgets, according to data from commercial real estate analytics firm CoStar.

While wealthier Americans continued to travel, lower-income travelers booked fewer hotel stays in the United States. Costar adjusted its full year forecast to account... (continue reading...)

(Reuters) - Claudia Sheinbaum won a landslide victory to become Mexico's first female president, inheriting the project of her mentor and outgoing leader Andres Manuel Lopez Obrador whose popular anti-poverty measures helped drive her triumph.

Here are some reactions to Sheinbaum's historic win:

U.S. PRESIDENT JOE BIDEN:

"I congratulate Claudia Sheinbaum on her historic election as the first woman President of Mexico. I look... (continue reading...)

By Leah Douglas

(Reuters) - Poultry companies in the U.S. could be required to adjust how they pay their contract chicken farmers under a rule proposed by the U.S. Department of Agriculture on Monday.

The rule is the third proposed by the administration of President Joe Biden to enhance competition in the meatpacking sector, where four companies control between 55% and 85% of the cattle, hog and chicken markets.

Under the... (continue reading...)

By Brendan O'Brien

(Reuters) - A Minnesota prosecutor said on Monday she dropped charges against a state trooper in the shooting death of a Black motorist last summer after learning the officer would testify that he acted in self-defense, making a conviction unlikely.

In explaining her decision, Hennepin County Attorney Mary Moriarty cited a statement by an attorney for the trooper, Ryan Londregan, at an April hearing at Hennepin... (continue reading...)

By Alexander Marrow and Elena Fabrichnaya

MOSCOW (Reuters) - The Bank of Russia is likely to keep its benchmark interest rate at 16% on Friday but tighten its rhetoric, a Reuters poll showed on Monday, although a quarter of economists leaned towards a hike as the bank grapples with stubborn inflation.

The bank has become more hawkish in recent weeks, repeating several times that rates will need to stay high for a long time to bring... (continue reading...)