(This April 25 story has been refiled to correct the spelling of Jean-Pierre’s first name in paragraph 2) By Andrea Shalal WASHINGTON (Reuters) – The cast of American TV show “The L Word: Generation Q” visited the White House Tuesday to mark Lesbian Visibility Week, touting the role the long-running show has played for gay…
By Ted Hesson and Matt Spetalnick WASHINGTON (Reuters) -President Joe Biden’s administration is devising a strategy for the possible arrival of tens of thousands more migrants at the U.S.-Mexico border after the anticipated end of COVID-19 restrictions next month, scrambling to find holding centers, speed deportations and increase processing of refugees abroad. The administration is…
(Refiles to fix formatting) By Laila Kearney NEW YORK (Reuters) – Oil prices dropped by almost 4% on Wednesday, extending the previous session’s sharp losses, even after a report showed U.S. crude inventories fell more than expected, as recession fears grew for the world’s biggest economy. Brent crude settled at $77.69 a barrel, losing $3.08,…
(Refiles to fix formatting) By Laila Kearney NEW YORK (Reuters) – Oil prices dropped by almost 4% on Wednesday, extending the previous session’s sharp losses, even after a report showed U.S. crude inventories fell more than expected, as recession fears grew for the world’s biggest economy. Brent crude settled at $77.69 a barrel, losing $3.08,…
By Herbert Lash NEW YORK (Reuters) – The dollar retreated on Wednesday on fresh signs of a U.S. slowdown after orders for core capital goods fell more than expected in March, while the economic outlook for Europe could surprise to the upside and strengthen the euro. The Swedish crown weakened sharply after the country’s central…
(Reuters) -Venture capital firm Greycroft has raised over $980 million across two funds to invest in early- and growth-stage companies, the venture capital firm said on Wednesday. The latest fundraise marks the largest funds Greycroft has raised since its inception in 2006. Based in New York and Los Angeles, Greycroft invests in consumer and enterprise…
By Steve Scherer and Ismail Shakil OTTAWA (Reuters) – The Bank of Canada (BoC) did not hike interest rates earlier this month because it wanted to wait for more evidence of the effects of previous monetary tightening on growth and inflation, according to minutes from the policy-setting meeting released on Wednesday. On April 12, the…
(Reuters) – Universal Music Group, the label representing Drake and Taylor Swift, on Wednesday posted a slump in first-quarter core profit due to compensation expenses, and reiterated concerns over AI-made music. Core profit, or earnings before interest, taxes, depreciation and amortisation, slumped 43.4% in constant currency to 261 million euros ($288.04 million), due to non-cash,…
(Reuters) – The U.S. Treasury Department’s Financial Crimes Enforcement Network on Wednesday hit a South Dakota-chartered Kingdom Trust Company with a $1.5 million civil penalty for willfully violating a law requiring banks report suspicious transactions. From February 2016 through March 2021, Kingdom Trust processed billions of transactions without proper controls aimed at preventing money laundering,…
By Dietrich Knauth (Reuters) – Silicon Valley Bank’s former owner may need to take out a bankruptcy loan amid uncertainty about the U.S. Federal Deposit Insurance Company’s seizure of $2 billion in cash from the company, its attorney said Wednesday. SVB Financial has about $180 million on hand and is not in “imminent danger” of…
