(Reuters) -The El Niño weather pattern was likely to form during the May-July season, with a more than 90% chance of the phenomenon persisting into the North Hemisphere winter, a U.S. government weather forecaster said on Thursday. A transition from neutral conditions could occur in the next couple of months, the National Weather Service’s Climate…
By Jonathan Stempel and Nate Raymond BOSTON/NEW YORK (Reuters) -A U.S. appeals court on Wednesday threw out the fraud convictions of two wealthy fathers charged with involvement in a vast college admissions conspiracy to pay bribes so children could attend top universities. In a 3-0 decision, the 1st U.S. Circuit Court of Appeals in Boston…
By Xie Yu HONG KONG (Reuters) – China’s securities watchdog on Thursday said that it was willing to work with its counterparts in the United States to promote regulatory cooperation on audits and safeguard the rights and interests of global investors. The China Securities Regulatory Commission (CSRC) was commenting a day after a U.S. accounting…
(Reuters) – Sonos Inc was set to shed more than a fifth of its market valuation on Thursday after a revenue forecast cut fueled worries that consumers were dialing down purchases of its premium speakers in a turbulent economy. The stock was down 21% in premarket trading, on course to erase nearly all of the…
By Nidal al-Mughrabi KHAN YOUNIS, Gaza Strip (Reuters) – As nearby explosions from Israeli air strikes continued to rock their Gaza home for the third night this week, Hani al-Hindi and his wife slept with their six children huddled together in the same room, where they felt it was safer. Next to the front door,…
SAO PAULO (Reuters) – Brazil’s federal police said on Thursday the country had frozen roughly 40 million reais ($7.99 million) belonging to alleged financiers of the Jan. 8 riots in Brasilia in order to pay for damages caused to public property. The move was part of the 11th phase of an operation investigating people involved…
By Deborah Mary Sophia (Reuters) -Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases and strong demand for its Coach handbags would shield it from a wider slowdown in U.S. luxury purchases. Shares of the company shot up 9% in premarket trade as it also surpassed Wall Street targets for third-quarter…
(Reuters) – Turkish President Tayyip Erdogan faces his toughest political challenge yet when the nation votes on Sunday, with the opposition sensing its best chance yet of ending his two decades in power and reversing his policies. The presidential and parliamentary votes, set for May 14 with a possible May 28 run-off, will decide not…
WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits jumped last week to the highest level since late 2021, suggesting that higher interest rates were starting to weigh on the labor market. Initial claims for state unemployment benefits increased 22,000 to a seasonally adjusted 264,000 for the week ended May 6,…
By Joey Roulette WASHINGTON (Reuters) – Vast, a startup backed by cryptocurrency billionaire Jed McCaleb, is aiming to launch a school bus-sized space station to orbit by late 2025 with some help from partner SpaceX, Elon Musk’s rocket firm. The cylindrical spacecraft dubbed Haven-1 is the latest platform planned as a replacement to the International…
