By Andrew Chung (Reuters) – U.S. Supreme Court Justice Samuel Alito on Friday temporarily blocked a lower court’s decision to strike down a regulation aimed at reining in privately made firearms known as “ghost guns” that are difficult for law enforcement to trace. The action by Alito, who handles emergency matters arising from a group…
By John Kruzel WASHINGTON (Reuters) – Conservative U.S. Supreme Court Justice Samuel Alito said that Congress lacks the power to regulate the court, in an interview published by the Wall Street Journal on Friday a week after Senate Democrats advanced a bill to impose an ethics code. The Democratic-controlled Senate Judiciary Committee last week approved…
By Chibuike Oguh NEW YORK (Reuters) -World shares rose while U.S. Treasury yields fell on Friday as markets digested the Bank of Japan’s decision to tweak its ultra-loose monetary policy as well as data showing a continuing moderation in annual U.S. inflation. The Bank of Japan on Friday adjusted its yield curve control scheme, offering…
Apple, Inc (NASDAQ:AAPL) exhibited a 1.6% increase on Friday, following a predominantly upward trajectory within a rising channel pattern. The Cupertino, California-based company’s current pattern indicates a bullish outlook, at least for the short-term. Additionally, Apple is currently trading within an inside bar pattern, signaling a period of consolidation that typically precedes a continuation of…
Microsoft Corp (NASDAQ: MSFT) stock is experiencing gains on Friday as it highlights the significant role of graphics processing units (GPUs) as a critical raw material for its expanding cloud business, specifically in enabling AI capabilities. The company’s annual report addressed GPUs as a risk factor, citing potential outages if the necessary infrastructure is not…
By Trevor Hunnicutt and Jarrett Renshaw AUBURN, Maine (Reuters) -President Joe Biden joked Friday about Republican lawmakers threatening to impeach him, saying the latest reports on U.S. economic gains mean his political opponents “may have to find something else to criticize” him over. House of Representatives Speaker Kevin McCarthy, the top Republican in Washington, this…
SAO PAULO (Reuters) – Brazil’s jobless rate fell in the quarter through June to its lowest level for the period in nine years, statistics agency IBGE said on Friday, underscoring the labor market’s resilience despite its high interest rates. Unemployment in Latin America’s largest economy hit 8.0% in the three months through June, down from…
By Laura Matthews NEW YORK (Reuters) – The yen had its most volatile trading session in months on Friday after the Bank of Japan tweaked its yield curve control policy, leaving investors wondering if an eventual shift in its massive stimulus program is approaching. Whipsawing as traders digested the decision, the Japanese yen weakened 1.13%…
By Ted Hesson WASHINGTON (Reuters) – The Biden administration will allow some migrants from Cuba, Haiti, Nicaragua and Venezuela who are already in Mexico to apply to enter the United States as refugees, White House national security adviser Jake Sullivan said on Friday. The move will add to a range of new legal pathways opened…
LA PAZ (Reuters) – Bolivia’s government is determined to curb dependence on the U.S. dollar for foreign trade, instead turning to the Chinese yuan, officials said, as Latin American support for alternative currencies grows. Economy Minister Marcelo Montenegro said the Andean country was following “a pattern at the level of international trade, that is generating…
