By David Shepardson (Reuters) -Five TikTok users in Montana who create content posted on the short-video app filed a lawsuit in federal court seeking to block the state’s new ban on the Chinese-owned platform. Montana Governor Greg Gianforte on Wednesday signed legislation to ban TikTok in the state, effective Jan. 1. The five users seek…
NEW YORK (Reuters) -JPMorgan Chase & Co is seeking documents from Manhattan District Attorney Alvin Bragg as part of a lawsuit against the bank by women who say they were abused by the late financier Jeffrey Epstein, court records showed on Thursday. A lawyer for Bragg took part in a May 16 telephone conference in…
By Andrew Hay (Reuters) – The hammer of the gun actor Alec Baldwin was holding when it fired a live round killing “Rust” cinematographer Halyna Hutchins may have been intentionally modified, New Mexico special prosecutors said in a court filing this week. The comments came a month after prosecutors dropped a criminal charge against Baldwin…
(Reuters) – Wall Street’s main indexes opened higher on Friday on optimism that a deal to avoid a catastrophic U.S. debt default could be reached over the weekend. The Dow Jones Industrial Average rose 47.04 points, or 0.14%, at the open to 33,582.95. The S&P 500 opened higher by 6.10 points, or 0.15%, at 4,204.15,…
NEW YORK (Reuters) – New York Fed president John Williams declined on Friday to connect the current monetary policy outlook to new work of his that reconfirms major economies are still in a fundamentally low interest rate world. “I’m not going to opine on what monetary policy should or should not do” in light of…
NEW YORK (Reuters) – Morgan Stanley CEO James Gorman told shareholders Friday that the company will likely appoint its next CEO in the next 12 months. Gorman, 64, said the board has identified three strong candidates to succeed him and that he will become executive chairman once a new CEO is chosen. COMMENTS: STUART COLE,…
(Reuters) – U.S. equity funds saw an eighth straight week of net outflows in the seven days to May 17 as soft U.S. economic data and debt ceiling talks weighed on investor sentiment. Investors sold U.S. equity funds with a net value of $7.64 billion over the period, compared with $5.64 billion of net disposals…
By Hyonhee Shin and Hyunsu Yim SEOUL (Reuters) -President Yoon Suk Yeol met some South Korean survivors of the 1945 atomic bombing in the Japanese city of Hiroshima on the sidelines of a G7 summit on Friday. The meeting comes as Yoon pushes to close a chapter on historic feuds that have dominated ties with…
By Tom Balmforth and Sarah McFarlane LONDON (Reuters) -Russian military forces have been enhancing defensive positions in and around the Zaporizhzhia nuclear power plant in southern Ukraine in recent weeks, four witnesses said, ahead of an expected counteroffensive in the region. New trenches have been dug around the city and more mines have been laid….
Federal Reserve Governor Michelle Bowman on Friday repeated her call for the U.S. central bank to hire an outside party to analyze the collapse of Silicon Valley Bank, and against using that failure as a “pretext” for making broad changes to bank regulation. “We should consider whether there are necessary – and targeted – adjustments…
