By Ann Saphir (Reuters) -U.S. economic activity was little changed in recent weeks as employment growth moderated somewhat and price increases appeared to slow, according to a Federal Reserve report published on Wednesday. “Expectations for future growth were mostly unchanged as well; however, two districts saw outlooks deteriorate,” the U.S. central bank said in its…
By Dawn Chmielewski and Lisa Richwine (Reuters) – Florida Governor Ron DeSantis’ new oversight board has discovered another “11th hour agreement” that allows Walt Disney Co to set its own utility rates at its Orlando theme parks, the board’s chairman said on Wednesday. A Disney subsidiary, which provides utility services to the central Florida district…
By Scott DiSavino NEW YORK (Reuters) -Oil prices slid about 2% to a two-week low on Wednesday despite a sharp decline in U.S. crude inventories, as the dollar strengthened on fears that looming Federal Reserve interest rate hikes could curb energy demand in the world’s top consumer. A stronger U.S. dollar can hurt global demand…
By Huw Jones LONDON (Reuters) – The rest of the world should copy European Union rules for cryptoassets to create a robust global approach that protects consumers and financial stability, the EU’s financial services chief said on Wednesday. The European Parliament is due on Thursday to rubber stamp the EU’s markets in cryptoassets regulation (MiCA),…
By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -The dollar strengthened on Wednesday, lifted by rising Treasury yields, though the pound gained against the greenback after British inflation stayed above 10% in March and put more pressure on the Bank of England to keep raising rates. The dollar index, which tracks the currency against…
By Daniel Wiessner (Reuters) – President Joe Biden had the power to require employees of federal contractors to receive COVID-19 vaccinations, a U.S. appeals court ruled on Wednesday, throwing out a judge’s ruling that had blocked the mandate in Arizona. A panel of the San Francisco-based 9th U.S. Circuit Court of Appeals said the 2021…
WASHINGTON (Reuters) -U.S. President Joe Biden’s administration announced $325 million in new military aid for Ukraine on Wednesday to help its military in its war against Russia, including additional ammunition for High Mobility Artillery Rocket Systems (HIMARS), advanced missiles and anti-tank mines. It is the 36th security package for Ukraine since the Russian invasion in…
By Daniel Wiessner (Reuters) – Amazon.com Inc must face a proposed U.S. nationwide class action accusing the company of illegally monitoring private Facebook groups that delivery drivers used to discuss working conditions, a U.S. appeals court said on Wednesday. A divided panel of the San Francisco-based 9th U.S. Circuit Court of Appeals said an agreement…
By Daniel Wiessner (Reuters) – Amazon.com Inc must face a proposed U.S. nationwide class action accusing the company of illegally monitoring private Facebook groups that delivery drivers used to discuss working conditions, a U.S. appeals court said on Wednesday. A divided panel of the San Francisco-based 9th U.S. Circuit Court of Appeals said an agreement…
WASHINGTON (Reuters) -Three Democrats in the Tennessee legislature who faced expulsion over their participation in gun control protests will visit the White House on Monday as U.S. President Joe Biden continues to press for an assault weapons ban, the White House said. Biden wants to “thank them for speaking out and standing their ground and…
