By Nate Raymond (Reuters) -A divided federal appeals court on Friday ruled that Mississippi cannot strip the right to vote from thousands of convicts after they complete their sentences, calling that a “cruel and unusual punishment” that disproportionately affected Black people. A 2-1 panel of the New Orleans-based 5th U.S. Circuit Court of Appeals faulted…
By Andrew Goudsward (Reuters) – Former U.S. President Donald Trump has assembled overlapping teams of lawyers as he balances mounting legal peril with his 2024 election campaign to return to the White House. Trump has pleaded not guilty to all charges in each of the three cases he has been indicted. Here are the main…
By Herbert Lash NEW YORK (Reuters) – The dollar fell on Friday, paring almost all the week’s gains, after slowing U.S. jobs growth in July encouraged hopes of a soft economic landing but higher wages suggested the Federal Reserve may need to keep interest rates higher for longer. The U.S. economy added fewer jobs than…
(Reuters) – JPMorgan’s chief economist said on Friday the bank is no longer forecasting a U.S. recession this year and has raised its economic growth estimate as the economy expands at a “healthy pace.” The firm increased its current-quarter real annualized GDP growth estimate to 2.5% from 0.5%, Michael Feroli wrote in a research note…
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge has rejected former Allianz fund manager Gregoire Tournant’s bid to dismiss a criminal fraud case over his role in causing more than $7 billion of investor losses. In an order made public on Friday, U.S. District Judge Laura Taylor Swain in Manhattan federal court denied…
By Aditya Soni (Reuters) -Amazon.com closed up more than 8% on Friday on signs that its growth engines, e-commerce and cloud-computing, were faring well in an uncertain economy, helping shield the broader market from Apple’s 4.8% slide after gloomy iPhone sales. The reports capped what has been a positive earnings season for most big U.S….
By Sarah N. Lynch and Jacqueline Thomsen WASHINGTON (Reuters) – The judge in former U.S. President Donald Trump’s upcoming trial over his handling of classified documents made two errors in a June trial, including one that potentially violated the defendant’s constitutional rights and could have invalidated the proceedings, according to legal experts and a court…
By Lewis Jackson and Dominique Patton SYDNEY/BEIJING (Reuters) -Australia on Friday used China’s decision to drop anti-dumping tariffs on its barley imports to call for the end to all remaining trade restrictions, led by wine, as commercial ties between the two trading partners edge towards normalisation. China’s Ministry of Commerce said on Friday anti-dumping and…
By David Lawder and Davide Barbuscia WASHINGTON (Reuters) – When Fitch Ratings dropped its bombshell downgrade of the U.S. credit rating on Tuesday, Biden administration officials cried foul over the “bizarre” timing and argued that it unfairly punishes them for political chaos under President Donald Trump. Harvard’s Larry Summers and JPMorgan’s Jamie Dimon were among…
By Andrew Hay (Reuters) -“Rust” armorer Hannah Gutierrez on Friday waived her right to a preliminary hearing, allowing charges against her over the 2021 shooting death of the movie’s cinematographer, Halyna Hutchins, to move toward a possible trial. In a court filing, Gutierrez’s lawyer Jason Bowles waived the hearing set for Aug. 9-16 at which…
