US weekly jobless claims race to 1-1/2-year high, economists urge caution

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits surged to the highest level in more than 1-1/2 years last week, but layoffs are probably not accelerating as the data covered the Memorial Day holiday, which could have injected some volatility. The largest increase in applications in nearly…

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Controlled burn and downed power line sparked Colorado’s costliest wildfire

By Keith Coffman DENVER (Reuters) – Colorado’s costliest wildfire on record started from fierce winds that damaged power lines and unearthed smoldering embers from a controlled burn days earlier, sparking two blazes that merged into a deadly conflagration, authorities said on Thursday. Investigators found a variety of human and weather-related factors combined to spark the…

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Odey’s prime brokers review ties after misconduct allegations -sources

By Nell Mackenzie, Kirstin Ridley, Maiya Keidan and Carolina Mandl LONDON/TORONTO (Reuters) -Odey Asset Management’s prime brokers, including Goldman Sachs , JPMorgan and Morgan Stanley, are reviewing their relationships with the hedge fund after allegations of sexual misconduct by its founder were reported by the Financial Times and Tortoise Media on Thursday, sources familiar with…

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House Speaker McCarthy says Trump indictment is ‘dark day’ for US

(Reuters) – U.S. House Speaker Kevin McCarthy, the chamber’s top Republican, said on Thursday that the indictment of Donald Trump was a “dark day” for the United States and that he stood with the former President. “House Republicans will hold this brazen weaponization of power accountable,” he wrote on Twitter. (Reporting by Costas Pitas in…

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Trump faces US criminal charges for mishandling documents, obstruction – lawyer

By Sarah N. Lynch (Reuters) -Donald Trump has been indicted by a federal grand jury for retaining classified government documents and obstruction of justice, according to a lawyer for the former U.S. president and another source familiar with the matter. The criminal case, brought by the U.S. Department of Justice, amounts to another legal setback…

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China to build spy base in Cuba, WSJ says; US and Cuba cast doubt on report

By Matt Spetalnick and Dave Sherwood WASHINGTON/HAVANA (Reuters) -China has reached a secret deal with Cuba to establish an electronic eavesdropping facility on the island roughly 100 miles (160 km) from Florida, the Wall Street Journal said on Thursday, but the U.S. and Cuban governments cast strong doubt on the report. Such a spy installation…

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