By Kanishka Singh (Reuters) – A failed Republican state candidate in New Mexico was charged by federal authorities on Wednesday for a shooting spree targeting the homes of four elected Democratic officials, the U.S. Justice Department said in a statement. Solomon Pena, 40, lost a state House of Representatives race last November. After his defeat,…
By David Shepardson WASHINGTON (Reuters) – U.S. passenger railroad Amtrak CEO Stephen Gardner will testify on June 6 before a U.S. House Transportation and Infrastructure railroads subcommittee, a spokesperson for the panel said on Wednesday, as traffic rebounds after a pandemic-driven dip. Gardner and Northeast Corridor Commission Executive Director Mitch Warren will testify at a…
By Siddharth Cavale BENTONVILLE, Arkansas (Reuters) – Walmart on Wednesday said it has not made any changes to its LGBTQ-related merchandise tied to Pride Month, or to security measures in place at its stores, a week after rival Target pulled some LGBTQ-themed products following customer backlash. “We haven’t changed anything in our assortment,” Latriece Watkins,…
By Vivek Mishra BENGALURU (Reuters) – Australia’s housing market outlook has improved significantly, with home prices expected to on average stagnate this year compared to the near double-digit fall predicted three months ago, according to a Reuters poll of housing analysts. After slumping about 9% from May 2022 to February, Australian home prices rose for…
DUBLIN (Reuters) – Irish manufacturing activity shrank at its fastest pace in three years in May on sharp falls in output and new orders that reflected contractions in its global peers’ markets, a survey showed on Thursday. The AIB S&P Global manufacturing Purchasing Managers’ Index (PMI) fell to 47.5 from 48.6 in April, holding below…
SHANGHAI/HONG KONG (Reuters) – China’s cash-strapped local governments have suddenly rushed to an unusual corner of the debt market in Shanghai where ambiguous rules offer ways to skirt restrictions on onshore borrowing. Some analysts have described local government financing vehicles (LGFVs) as the “black hole” of China’s financial system, with debts of more than $9…
By Kanishka Singh WASHINGTON (Reuters) – The United States will extend by another year the temporary suspension of tariffs on Ukrainian steel, the Commerce Department said on Wednesday, citing the Russian invasion of Ukraine. The United States initially suspended tariffs on Ukrainian steel for one year in May last year, months after the Russian invasion…
By Herbert Lash and Shreyashi Sanyal (Reuters) – U.S. stocks closed down on Wednesday as a deal to raise the federal debt ceiling headed for a crucial vote in Congress, while unexpectedly strong labor market data rattled investors who fear the Federal Reserve might hike interest rates again in June. The House of Representatives is…
By Diane Bartz WASHINGTON (Reuters) -A former employee of Amazon.com’s Ring doorbell camera unit spied for months on female customers in 2017 with cameras placed in bedrooms and bathrooms, the Federal Trade Commission said in a court filing on Wednesday when it announced a $5.8 million settlement with the company over privacy violations. Amazon also…
By Luc Cohen NEW YORK (Reuters) -A former JPMorgan Chase & Co executive wrote in a 2011 email that the late financier and sex offender Jeffrey Epstein should not be a client of the bank, according to a transcript of a deposition of Chief Executive Jamie Dimon seen by Reuters. Dimon said in the deposition…
