By Safiyah Riddle (Reuters) – The U.S. Black unemployment rate hit a 10-month high in June, driven in large part by Black workers leaving the labor market, a development some economists worry may be a “canary in the coal mine” that may mean a recession is approaching. The Labor Department’s closely watched monthly employment report…
By Nandita Bose and Steve Holland WASHINGTON (Reuters) – The White House on Friday said President Joe Biden and fellow NATO leaders will discuss at next week’s summit what steps Ukraine must complete to join NATO and that Kyiv has additional reforms to make, as it fights Russian invaders. Jake Sullivan, Biden’s national security adviser,…
By Ross Kerber (Reuters) – A group of 15 Republican state attorneys general have questioned whether directors of BlackRock mutual funds are sufficiently independent of the world’s largest asset manager. In a letter dated July 6 and provided to Reuters on Friday by a representative of Montana Attorney General Austin Knudsen, the group reviewed longstanding…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy added the fewest jobs in 2-1/2 years in June, but persistently strong wage growth pointed to still-tight labor market conditions that most certainly ensure the Federal Reserve will resume raising interest rates later this month. The Labor Department’s closely watched employment report on Friday also showed…
By Jody Godoy (Reuters) – Twitter’s claim that Meta Platforms stole trade secrets to build its new microblogging site may be the first volley in a legal battle between the social media giants, but experts say Twitter would have to clear a high hurdle if it sues. In a letter sent on Wednesday, Twitter alleged…
BRUSSELS (Reuters) – NATO allies have reached agreement to raise the alliance’s target for military spending to at least 2% of national GDP, two diplomats told Reuters late on Friday. The 31 allies agreed on “an enduring commitment to invest at least 2%” of their GDP into their militaries in the future, two diplomats said,…
By Andrea Shalal and Joe Cash BEIJING (Reuters) – U.S. Treasury Secretary Janet Yellen called on Friday for market reforms in China and criticized its recent tough actions against U.S. companies and mineral export controls, while China’s premier called on her to “meet China halfway” and put bilateral relations back on track. Yellen met with…
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court, which last year expanded gun rights in a landmark ruling, is set to return to the issue in a major case testing whether a law that keeps firearms away from people under domestic-violence restraining orders violates the Constitution. It is one of the biggest cases…
By Andrew Goudsward and Mike Scarcella (Reuters) – Rudy Giuliani’s law license should be revoked over his work on a failed lawsuit challenging the 2020 election results on behalf of then-U.S. President Donald Trump, a District of Columbia attorney ethics committee recommended on Friday. The committee of the D.C. Board on Professional Responsibility found that…
WASHINGTON (Reuters) – U.S. President Joe Biden’s national security adviser said on Friday there was no clear answer on how to return Evan Gershkovich, the Wall Street Journal reporter detained by Russia, to the United States. “I do not want to give false hope,” said the Biden aide, Jake Sullivan, in a briefing with reporters….
