By Sruthi Shankar, Shristi Achar A and David Carnevali (Reuters) – U.S. stocks closed up on Tuesday, helped by some advances in economically sensitive sectors, as investors awaited inflation data and the Federal Reserve’s policy meet next week. Inflation data is expected to show consumer prices cooled slightly on a month-over-month basis in May but…
By Tom Hals (Reuters) -A trial court properly found that Tesla Inc CEO Elon Musk did not push the electric carmaker to overpay for SolarCity in 2016, the Delaware Supreme Court said on Tuesday, ending years of litigation over the $2.6 billion deal. Musk was the biggest shareholder in both companies at the time, and…
By Michael Holden and Sam Tobin LONDON (Reuters) -Prince Harry launched a fierce attack on the “vile” press on Tuesday, blaming tabloids for destroying his adolescence and later relationships, as he gave evidence for almost five hours in his lawsuit against a tabloid publisher. As he became the first senior British royal to appear in…
By Luc Cohen NEW YORK (Reuters) -The founder of OneTaste, a sexual wellness company that claims to teach “orgasmic meditation”, has been charged with forced labor conspiracy, federal prosecutors said on Tuesday. OneTaste founder Nicole Daedone, who also served as chief executive until 2017, and former head of sales Rachel Cherwitz were accused of inducing…
AMSTERDAM (Reuters) – Uber said on Wednesday it has opened a new office with space for 1,000 additional workers in Amsterdam, where the company has its international headquarters. The U.S. ride sharing and food delivery firm said in a statement it currently employs more than a thousand workers in Amsterdam and is looking to add…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Chinese trade figures for May top the Asia-Pacific economic data and events calendar on Wednesday with investors keen to see whether April’s shock slump in imports is repeated, which will offer clues on the health – or otherwise…
By Brendan Pierson (Reuters) -A federal judge in Florida on Tuesday partially blocked the state from enforcing its recent ban on people under 18 receiving gender-affirming care such as puberty blockers and hormone therapy, allowing three transgender children to continue with their treatment while he hears a lawsuit challenging the law. The preliminary order, from…
By Daniel Trotta (Reuters) – The largest LGBTQ advocacy organization in the United States on Tuesday declared its first national state of emergency, citing the proliferation of legislation in statehouses across the country aimed at regulating the lives of queer people. The Human Rights Campaign (HRC) said over 70 bills it considers anti-LGBTQ were passed…
By Luc Cohen NEW YORK (Reuters) – The exiled Chinese businessman Guo Wengui will face trial starting April 8, 2024 on U.S. charges of leading a more than $1 billion fraud. U.S. District Judge Analisa Torres set the date at a Tuesday hearing in Manhattan federal court. Guo is a prominent critic of China’s Communist…
WASHINGTON (Reuters) – Thailand is in a “delicate phase” after its election last month and the U.S. goal is to support an “effective, stable, democratic government” there, the top U.S. official for the Indo-Pacific region said on Tuesday. “We’ve watched carefully the election,” White House Indo-Pacific Coordinator Kurt Campbell told the Hudson Institute think tank….
