By Alexandra Ulmer (Reuters) -The conservative U.S. political network led by billionaire Charles Koch has raised over $70 million to spend on political races, an official with the group said on Thursday, with a key goal of stopping former President Donald Trump from clinching the 2024 Republican nomination. The influential group, which pushes for tax…
(Reuters) – Federal Reserve lending to banks shrunk modestly in the latest week, central bank data released Thursday showed. The Fed lent banks $3.2 billion via its discount window as of Wednesday, unchanged from June 21. It lent $103.1 billion from its Bank Term Funding Program, from $102.7 billion on June 21. Fed “other credit”…
By Gabriella Borter WASHINGTON (Reuters) – In 1998, the year a voter-approved measure barring the use of race-conscious admissions policies for public colleges and universities in California took effect, the percentage of Black, Hispanic and Native American students admitted at two of the state’s elite public schools plummeted by more than 50%. Those figures for…
(Reuters) -Asset manager Fidelity is once again seeking to list and trade shares of its Wise Origin Bitcoin Trust spot bitcoin exchange-traded fund, according to a filing by listing exchange Cboe Global Markets with the U.S. Securities and Exchange Commission. Fidelity is one of several big asset managers that have applied to list bitcoin ETFs…
By Steve Holland and Tim Reid (Reuters) -Former U.S. Vice President Mike Pence, who is running for the Republican nomination in the 2024 presidential election, made a surprise visit to Ukraine on Thursday to meet President Volodymyr Zelenskiy. “Freedom is winning in Ukraine, and now more than ever, we need to keep faith with the…
WASHINGTON (Reuters) -Canada’s Department of Justice has concluded that Microsoft’s deal to buy “Call of Duty” maker Activision Blizzard “is likely to” lead to less competition in some aspects of gaming, according to a court filing on Thursday. In a letter dated Wednesday to Microsoft’s U.S. lawyers, the department said it had communicated to Microsoft’s…
By Simon Lewis and Daphne Psaledakis WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken said hard work remains to reach a final agreement to end the conflict over the Nagorno-Karabakh enclave, as talks between Armenia and Azerbaijan’s foreign ministers hosted by Washington ended on Thursday. Blinken, who posed for a photograph with Armenian Foreign…
By Jody Godoy (Reuters) – An AMC Entertainment Holdings shareholder who objected to a settlement over the theater chain’s controversial stock conversion plan told a Delaware court on Thursday that some investors felt the company “stabbed them in the back.” The deal would provide holders of AMC common stock with shares worth an estimated $129…
By Stephen Culp NEW YORK (Reuters) – The S&P 500 advanced on Thursday and benchmark Treasury yields hit their highest level since early March as robust economic data helped ease recession fears but increased the odds of the Fed keeping its restrictive policy in place for longer than expected. Financials led the gainers after the…
WASHINGTON (Reuters) -The U.S. State Department has approved the sale of F-35 fighter jets, munitions and related equipment to the Czech Republic in a deal valued at up to $5.62 billion, the Pentagon said on Thursday. The Pentagon’s Defense Security Cooperation Agency notified Congress of the possible sale on Thursday. The principal contractors will be…
