All news by author: Reuters
• Business • Views: 706
Wholesale prices remained unexpectedly steady for the first time in seven months amid looming tariff uncertainty
In February, US producer prices remained flat for the first time in seven months, and the number of Americans filing for unemployment benefits declined last week. This suggests a stable economy, likely enabling the Federal Reserve to maintain steady interest rates next week
• Business • Views: 915
Trump’s FTC won’t drop broad antitrust probe of Microsoft: report
The Federal Trade Commission is moving ahead with a broad antitrust probe of Microsoft that was opened in the waning days of the Biden Administration, Bloomberg News reported Wednesday citing people familiar with the matter.
• Business • Views: 611
Jes Staley, the former CEO of Barclays, acknowledges having sexual relations with Jeffrey Epstein's assistant
On the third day of his testimony while appealing a proposed financial services ban, former Barclays CEO Jes Staley admitted to the court that he had a sexual encounter with one of Jeffrey Epstein's employees
• Business • Views: 763
Delta shares plunge 14% after airline slashed profit forecast: ‘We saw companies start to pull back’
Delta Air Lines on Monday slashed its first-quarter profit estimates by half, sending its shares down 14%, and its CEO said the environment had weakened due to US economic uncertainty.
• World News • Views: 380
The Vatican reports that Pope Francis is responding well to treatment
The Vatican announced on Monday that Pope Francis is responding well to treatment for double pneumonia, and his doctors have decided his prognosis is now favorable
• World News • Views: 854
Numerous flights were canceled due to strikes affecting airports in Germany
Over five hundred thousand travelers are experiencing travel disruption at German airports on Monday, as a 24-hour strike has resulted in the cancellation of thousands of flights due to a disagreement over employees' wages
• World News • Views: 559
North Korea calls US-South Korea drills a ‘dangerous provocative act’
North Korea condemned combined South Korea-US military exercises that began on Monday as a "dangerous provocative act", citing the risk of an accidental shooting sparking a physical confrontation.
• World News • Views: 1115
At least 14 dead, 37 injured in Russian missile attack on Ukraine, according to Kyiv
At least 11 individuals lost their lives, and 30 others were injured, among them five children, during Russian missile and drone strikes on the eastern Ukrainian city of Dobropillia overnight, the Ukrainian Interior Ministry reported on Saturday
• Business • Views: 594
US Labor Department reinstates more than 100 workers targeted in Trump job cuts, union says
The U.S. Department of Labor has reinstated about 120 employees who were facing termination as part of the Trump administration's mass firings of recently hired workers, a union said on Friday.
• Business • Views: 531
Walgreens to be taken private by Sycamore Partners in $10B deal
Walgreens Boots Alliance will be taken private by Sycamore Partners for $10 billion, the buyout firm said on Thursday, closing out nearly a century of trading on public markets for the US pharmacy giant.
• Business • Views: 758
House panel subpoenas Google parent Alphabet over content moderation during Biden years
The House Judiciary Committee subpoenaed Alphabet on Thursday seeking its communications with former President Joe Biden's administration about content moderation policies.
• Business • Views: 825
The producer of Jack Daniel's states that Canada removing US alcohol from stores is 'more damaging than a tariff.'
On Wednesday, Brown-Forman's CEO, Lawson Whiting, stated that removing American liquor from store shelves in Canadian provinces was "worse than a tariff" and considered it a "disproportionate response" to the tariffs imposed by the Trump administration
• Business • Views: 480
Southern California Edison sued by LA County, Pasadena alleging equipment sparked one of California’s worst wildfires
The county of Los Angeles and city of Pasadena, along with other public entities, filed lawsuits against Edison International and its subsidiary Southern California Edison (SCE) on Wednesday, alleging their role in igniting one of California's worst wildfires.
• Business • Views: 627
CFPB drops lawsuit against JPMorgan, BofA, Wells Fargo alleging fraud on Zelle
The Consumer Financial Protection Bureau told a federal court on Tuesday it was dropping a lawsuit filed in December against three of the nation's largest banks over their handling of the payment service Zelle, court papers show.
• World News • Views: 1025
Russian missile experts visited Iran amid its tit-for-tat clash with Israel: records
Several senior Russian missile specialists have visited Iran over the past year as the Islamic Republic has deepened its defence cooperation with Moscow, reports indicate.
• Business • Views: 678
Citigroup nearly transferred $6 billion to a client's account due to a copy-and-paste mistake
The incident nearly happened when an employee involved in the transfer mistakenly copied and entered the account number into the section designated for the dollar amount, the report stated
• Business • Views: 1228
Lockheed Martin intends to introduce a cruise missile priced at an 'affordable' $150,000
Russia's invasion of Ukraine has influenced the U.S. and other nations to shift their mindset on weaponry toward a new approach called "affordable mass," which emphasizes maintaining a large supply of relatively inexpensive weapons
• Business • Views: 771
FCC head claims EU content law conflicts with US free speech tradition
FCC Chairman Brendan Carr supported President Trump's viewpoint on regulating content
• Sports • Views: 538
Trump states he intends to pardon the late baseball legend Pete Rose, who faced a ban from the sport due to gambling activities
On Friday, President Donald Trump announced that he would grant a pardon to baseball legend Pete Rose. Trump criticized Major League Baseball for excluding the all-time hit leader from the sport's hall of fame due to his involvement in gambling
• Business • Views: 839
‘Fearless Girl’ statue sponsor State Street drops boardroom diversity targets
State Street's asset management unit on Friday dropped targets for the number of women and minority directors who should serve on corporate boards, according to new proxy voting guidance posted on its website.
• Business • Views: 1096
Microsoft is phasing out Skype after two decades, as the platform couldn't compete with Zoom and Slack
Skype will make its final ring on May 5, as Microsoft, the owner, retires the internet calling service that has transformed international communication over the past two decades
• Business • Views: 937
Verizon becomes latest company to face probe by FCC boss over DEI policies
Federal Communications Commission chair Brendan Carr on Thursday opened a probe into diversity practices at Verizon and raised the telecommunications company's ongoing effort to purchase Frontier Communications.
• Business • Views: 422
The CFPB dismisses a number of cases, including one against Capital One for allegedly defrauding customers
On Thursday, the Consumer Financial Protection Bureau dismissed a set of enforcement actions against financial services companies that had been accused of misconduct during the previous administration, which included a significant case against Capital One for purportedly evading billions in interest payments
• Business • Views: 1151
Weekly jobless claims see the biggest increase in five months, as DOGE layoffs are expected to raise the figures
Last week saw the largest rise in five months in the number of Americans submitting new claims for unemployment benefits, though the overall pattern in claims continued to reflect a gradually decelerating job market
• Business • Views: 789
Goldman Sachs executive John Waldron secures a board position — a step that potentially positions him as the bank's future CEO
Goldman Sachs has appointed its president and chief operating officer, John Waldron, to the board of directors, following his recent receipt of a retention bonus. This move solidifies his status as a likely candidate to succeed CEO David Solomon
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