By Lewis Krauskopf, Bansari Mayur Kamdar and Johann M Cherian (Reuters) – Wall Street’s main indexes ended sharply lower on Thursday in a broad sell-off after data showing a strong labor market boosted bond yields and fanned fears the Federal Reserve will be aggressive in raising U.S. interest rates. The S&P 500 posted its biggest…
By Granth Vanaik and Katherine Masters (Reuters) -Levi Strauss & Co cut its annual profit forecast on Thursday, in a sign that higher costs were weighing on the denim clothing maker’s margins as it struggles with falling sales at its wholesale channels in North America. Shares of the company fell about 6% in extended trading,…
By Jason Hovet and Robert Muller PRAGUE (Reuters) -Ukrainian President Volodymyr Zelenskiy called on NATO leaders to take concrete steps towards Ukrainian membership at a summit next week, and he received support during a visit to Prague from the Czech president, who backed Kyiv’s bid to join the alliance. He said his country, engaged in…
By Fergal Smith TORONTO (Reuters) -The Canadian dock workers strike is another factor for the Bank of Canada (BoC) to consider ahead of its policy announcement next week because the longer it drags on, the greater the risk of supply-chain disruptions that fuel inflation, economists said. Some 7,500 dock workers went on strike on Saturday…
By David Shepardson WASHINGTON (Reuters) -A group of 25 Republican state attorneys general on Thursday urged President Joe Biden’s administration to abandon plans to sharply cut vehicle tailpipe emissions, while a group of Democratic counterparts from 20 states urged more stringent requirements. The Environmental Protection Agency in April proposed new 2027-2032 vehicle standards that would…
By Jasper Ward WASHINGTON (Reuters) – California Governor Gavin Newsom on Thursday urged the Department of Justice to open criminal and civil investigations into Florida’s transportation of migrants to Martha’s Vineyard and Sacramento in recent months. “It is unconscionable to use people as political props by persuading them to travel to another state based on…
(Reuters) – Concordia said on Thursday it had acquired all the shares it was permitted to acquire of Rothschild & Co, paving the way for the Rothschild family’s holding company to open an offer to take the investment bank private. Concordia said it bought 8.18 million shares of Rothschild at 46.60 euros per share. The…
By Kanishka Singh WASHINGTON (Reuters) -U.S. Representative Marjorie Taylor Greene, a staunch ally of former President Donald Trump, has been voted out of the hardline House Freedom Caucus group after clashing with a fellow lawmaker, a caucus member said. The move to expel the firebrand Greene from the roughly three-dozen-strong hardline group came weeks after…
By Ammar Awad NEAR KDUMIM SETTLEMENT, West Bank (Reuters) – A Palestinian gunman shot and killed an Israeli soldier near a settlement in the occupied West Bank on Thursday, the military said, in an attack the Hamas militant group said it carried out in response to a two-day raid this week in Jenin. The gunman…
(Reuters) -OceanGate, the U.S.-based company that managed the tourist submersible that imploded during a dive to the wreck of the Titanic, has suspended all exploration and commercial operations, its website showed on Thursday. The company did not elaborate beyond a red banner at the top of its website: “OceanGate has suspended all exploration and commercial…
