Ad Behind the Markets
By Kanishka Singh WASHINGTON (Reuters) – A woman was sentenced to about 22 years in prison on Thursday for sending threatening letters, containing homemade ricin, in September 2020, to then-President Donald Trump at the White House, the U.S. Justice Department said in a statement. Pascale Cecile Veronique Ferrier, 55, a dual citizen of Canada and…
By Jonathan Stempel (Reuters) – A U.S. federal judge on Thursday dismissed a lawsuit accusing YouTube of restricting or removing videos from Black and Hispanic content creators because of their race. U.S. District Judge Vince Chhabria in San Francisco said that although the idea that YouTube’s algorithm could discriminate based on race is plausible, the…
(Reuters) – Ross Stores raised annual sales and profit forecasts after beating quarterly estimates, as inflation-hit customers shopped for its discounted clothing and shoes, sending the company’s shares up about 6% in extended trading on Thursday. Demand for discounted and off-price items gathered steam as consumers looked for cheaper deals on both essentials and non-essentials…
By Medha Singh (Reuters) -Shares of Vietnamese electric automaker VinFast tumbled for a second straight session on Thursday, giving up some of the gains from a meteoric surge in its Wall Street debut that saw it eclipse the market values of Ford and General Motors. VinFast’s shares dropped nearly 34%, bringing the stock’s total decline…
The unexpected surge in stock market indices this year has taken many investors by surprise. Despite research firms predicting a possible recession and a defensive positioning in managed funds entering 2023, the dynamics of asset prices can reveal a great deal about the present situation and future expectations, although short-term fluctuations are driven by various…
By Steve Holland WASHINGTON (Reuters) – President Joe Biden will push Camp David into the international spotlight on Friday when he hosts the leaders of Japan and South Korea there, a return to glory for a mountain retreat that has become indelible in diplomatic history. Biden chose the rustic redoubt in the Maryland hills for…
By Joseph White DETROIT (Reuters) -United Auto Workers President Shawn Fain told Reuters the Detroit Three automakers are “still not serious” in their responses so far to the union’s economic proposals, and said Sept. 14 is a firm deadline for all three companies to conclude new contracts. “Things have been moving slow,” Fain said in…
(Reuters) – Federal Reserve Chair Jerome Powell will deliver a talk on the economic outlook on Aug. 25 at the central bankers’ confab held each year in Jackson Hole, Wyoming by the Kansas City Fed, the U.S. central bank said on Thursday. The speech, set for 10:05 am ET, will provide a chance to give…
WASHINGTON (Reuters) -The U.S. House Judiciary Committee said on Thursday it had issued subpoenas to FBI Director Christopher Wray and Attorney General Merrick Garland related to the panel’s investigation of allegations of online censorship. A Justice Department spokesperson said: “The Department, including the FBI, does not censor content on social media platforms … As with…
By Saeed Azhar and Amruta Khandekar NEW YORK (Reuters) – Wall Street’s main indexes closed lower after choppy trading on Thursday as losses in healthcare stocks eclipsed gains in Cisco and energy stocks, while upbeat economic data kept alive fears of interest rates remaining higher for longer. Weighing heavily on the S&P 500, CVS Health…
