By Andrew Chung and John Kruzel WASHINGTON (Reuters) – In December, during a heated U.S. Supreme Court oral argument involving a collision between free speech protections for business owners and LGBT rights, liberal Justice Ketanji Brown Jackson, who had joined the bench only about two months before, raised the most memorable question of the day….
By Michael Martina and Gram Slattery WASHINGTON (Reuters) -China criticized U.S. presidential contender Nikki Haley over her threats to drastically limit Sino-U.S. trade relations, saying those who blamed Beijing for problems would end up on the “ash heap of history.” Haley, a U.N. ambassador during the Trump administration, staked out one of the most hawkish…
By Kanishka Singh WASHINGTON (Reuters) – The United States and China agreed to consider expanding commercial flights between the two countries to improve people-to-people contact, the top U.S. diplomat for East Asia, Daniel Kritenbrink, said on Wednesday. He told a Center for Strategic and International Studies think tank event in Washington that the countries agreed…
WASHINGTON (Reuters) – The U.S. public debt burden will reach 181% of economic output in 2053, the Congressional Budget Office said on Wednesday, a slight improvement over recent long-term projections due to discretionary spending caps enacted as part of the recent deal to raise the federal debt ceiling. The nonpartisan CBO said that U.S. budget…
By Brendan Pierson (Reuters) -New York’s attorney general on Wednesday accused nursing home operator Centers Health Care and its owners of stealing $83 million in government funds while understaffing its facilities, resulting in widespread neglect, illness and death among residents. In a lawsuit filed in state court in Manhattan, Attorney General Letitia James sought to…
By Jody Godoy (Reuters) – A months-long battle between retail investors and AMC Entertainment Holdings over a stock conversion plan will come to a head on Thursday at an unusual two-day court hearing in Delaware that may be critical to the cinema chain’s survival. A judge on the Court of Chancery will consider approving a…
By Pete Schroeder WASHINGTON (Reuters) -The U.S. Federal Reserve is due to release the results of its annual bank health checks on Wednesday at 4:30 p.m. ET (2030 GMT). Under the “stress test” exercise, the Fed tests big banks’ balance sheets against a hypothetical severe economic downturn, the elements of which change annually. The results…
(Reuters) – Four times Olympic gold medallist Simone Biles will return to competition in early August at the U.S. Classic in Chicago, USA Gymnastics said on Wednesday, in what will be her first event since the Tokyo Games in 2021. The 26-year-old will take part in the single-day event on Aug. 5 having been out…
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) -Wall Street banks and brokerages are in a last-minute scramble to meet a July 3 deadline to charge investors for research reports, bankers and others in the industry said, a requirement that threatens their European business if they fail to comply. Bank of America Corp and…
(Reuters) – Shares of AI-focused companies will be a major driver of returns for developed markets in a tough economic environment, BlackRock Investment Institute said, citing an unusually concentrated rally in a handful of technology stocks. It said the extent of the concentration of gains on the S&P 500 surpassed levels seen in the 2000s…
