(Updates prices, adds analyst quote in paragraph 6, adds paragraph 12 on Fitch keeping U.S. credit rating on negative watch) By Hannah Lang WASHINGTON (Reuters) – The U.S. dollar rose on Friday after May’s non-farm payrolls report showed employment numbers surged, while traders weighed the merits of the U.S. Federal Reserve possibly skipping a rate…
(Reuters) – Tropical Storm Arlene formed in the the Gulf of Mexico, the U.S. National Hurricane Center said on Friday. The storm is located about 265 miles (425 km) west of Fort Myers, Florida, packing maximum sustained winds of 40 miles per hour (65 km/h). “Although the storm has strengthened slightly, we still expect Arlene…
By David Shepardson WASHINGTON (Reuters) – The Republican chairmen of two House of Representatives panels on Friday urged President Joe Biden’s administration to rally U.S. allies including Japan and South Korea to defeat Chinese “economic aggression” in the wake of Beijing’s effective ban on purchases of Micron Technology memory chips. Michael McCaul, who heads the…
WASHINGTON (Reuters) – The Childhood Leukemia Foundation (CLF) filed a lawsuit against the U.S. Federal Trade Commission (FTC) on Friday, asking a court to stop an investigation into whether it spent more than 90% of donations it receives on fundraising and payroll. In its complaint filed in federal court in New Jersey, the foundation asked…
(Reuters) – Alphabet Inc’s YouTube said on Friday that the platform would stop removing content that might have spread false claims related to U.S. presidential elections in 2020 and before. The new set of updates is part of YouTube’s elections misinformation policy that will go into effect immediately. “In the current environment, we find that…
By Mike Scarcella (Reuters) – A U.S. judge on Thursday approved a $415 million class-action settlement resolving claims that online gaming companies DoubleDown Interactive LLC and International Game Technology PLC violated Washington state gambling laws and consumer protection provisions. In his ruling, U.S. District Judge Robert Lasnik in Seattle federal court called the resolution “fair,…
By Pete Schroeder WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission announced Friday it had dismissed 42 pending enforcement cases after discovering enforcement staff had improper access to materials meant for commission officials ruling on those cases. The decision comes after the SEC concluded a lengthy review of a matter first raised in April…
By Sheila Dang (Reuters) – Twitter’s head of brand safety and ad quality, A.J. Brown, has decided to leave the company, according to a source familiar with the matter on Friday, the second safety leader to depart in a matter of days. The latest departure adds to a growing challenge for new Twitter CEO Linda…
By Michael Martina and Trevor Hunnicutt WASHINGTON (Reuters) -CIA director William Burns visited China last month for talks with Chinese counterparts, two U.S. officials said on Friday as Washington seeks to boost communications with Beijing. “Last month, Director Burns traveled to Beijing where he met with Chinese counterparts and emphasized the importance of maintaining open…
By Jonathan Landay, Arshad Mohammed and Humeyra Pamuk WASHINGTON (Reuters) – With two high-level visits in less than a month, the United States is hoping to steady ties with Saudi Arabia after several years of disagreement and deepening mistrust. U.S. Secretary of State Antony Blinken will arrive for meetings with officials of the world’s largest…
