By Stephen Culp (Reuters) – The S&P 500 and the Nasdaq closed higher on Thursday as U.S. Federal Reserve Chairman Jerome Powell continued to beat a hawkish drum and suggested the central bank has not reached the end of its tightening cycle, but provided reassurance that the Fed would proceed with caution. The tech-heavy Nasdaq’s…
By Takahiko Wada and Leika Kihara TOKYO (Reuters) – Japan’s core consumer prices in May rose 3.2% from a year earlier, data showed on Friday, slowing from the previous month but staying above the central bank’s 2% target for the 14th straight month. The reading casts doubt on the Bank of Japan’s view that the…
By Andrew Hay (Reuters) -The armorer for the movie “Rust” transferred drugs to someone on the day the film’s cinematographer was shot dead in 2021, special prosecutors said on Thursday as she faced a new charge of tampering with evidence. Prosecutors said the additional charge against Hannah Gutierrez-Reed related to the Oct. 21, 2021, transfer…
NEW YORK (Reuters) – Citigroup will start holding employees “accountable” for compliance with hybrid work model rules, the bank said in a statement on Thursday. Bloomberg reported earlier the bank will start to check whether employees are complying with the requirement of working at least three days a week in the office. “We are committed…
(Reuters) – Tunisia’s President Kais Saied told the International Monetary Fund’s managing director that the fund’s conditions to provide financial support to the North African country risks sparking civil unrest, the Tunisian presidency said on Friday. “The President of the Republic made it clear that the International Monetary Fund’s conditions for providing financial support to…
By Nicolás Misculin BUENOS AIRES (Reuters) -Argentine Interior Minister Eduardo ‘Wado’ de Pedro, an ally of powerful Vice President Cristina Fernandez de Kirchner, announced on Thursday he will run for the ruling Peronist bloc’s presidential nomination in August primaries. Ex-cabinet chief and current Tucuman provincial Governor Juan Manzur will be his running mate as vice…
By Ismail Shakil and David Ljunggren OTTAWA (Reuters) -Meta Platforms Inc plans to end access to news on Facebook and Instagram for all users in Canada once a parliament-approved legislation requiring internet giants to pay news publishers comes into effect, the company said on Thursday. The legislation, known as the Online News Act, was approved…
By David Shepardson WASHINGTON (Reuters) – The states of California, New York, Illinois, Minnesota, Washington and Wisconsin have joined a Federal Trade Commission (FTC) lawsuit to stop Amgen’s $27.8 billion deal to buy Horizon Therapeutics, according to a court filing on Thursday. Washington Attorney General Bob Ferguson said his state had joined the lawsuit because…
By Ernest Scheyder LAS VEGAS (Reuters) – Lithium producers are growing anxious that delays in mine permitting, staffing shortages and inflation may hinder their ability to supply enough of the battery metal to meet the world’s aggressive electrification timelines. Once a niche metal used primarily in ceramics and pharmaceuticals, lithium is now one of the…
By Jennifer Rigby LONDON (Reuters) – Every country in the world will see rates of diabetes rise in the next 30 years without action, according to a new global study. There are currently 529 million people in the world with diabetes, the study led by researchers at the Institute of Health Metrics and Evaluation at…
