By Kanishka Singh WASHINGTON (Reuters) – The United States will extend by another year the temporary suspension of tariffs on Ukrainian steel, the Commerce Department said on Wednesday, citing the Russian invasion of Ukraine. The United States initially suspended tariffs on Ukrainian steel for one year in May last year, months after the Russian invasion…
By Herbert Lash and Shreyashi Sanyal (Reuters) – U.S. stocks closed down on Wednesday as a deal to raise the federal debt ceiling headed for a crucial vote in Congress, while unexpectedly strong labor market data rattled investors who fear the Federal Reserve might hike interest rates again in June. The House of Representatives is…
By Diane Bartz WASHINGTON (Reuters) -A former employee of Amazon.com’s Ring doorbell camera unit spied for months on female customers in 2017 with cameras placed in bedrooms and bathrooms, the Federal Trade Commission said in a court filing on Wednesday when it announced a $5.8 million settlement with the company over privacy violations. Amazon also…
By Luc Cohen NEW YORK (Reuters) -A former JPMorgan Chase & Co executive wrote in a 2011 email that the late financier and sex offender Jeffrey Epstein should not be a client of the bank, according to a transcript of a deposition of Chief Executive Jamie Dimon seen by Reuters. Dimon said in the deposition…
WASHINGTON (Reuters) – Federal prosecutors have a 2021 audio recording of former President Donald Trump acknowledging he kept a classified Pentagon document about a possible attack on Iran after leaving the White House, CNN reported on Wednesday. CNN did not listen to the recording but cited unidentified multiple sources describing it. Reuters was not able…
By Joseph Ax and Tim Reid (Reuters) – Former Vice President Mike Pence and former New Jersey Governor Chris Christie are planning to enter the race for the 2024 Republican presidential nomination next week in long-shot challenges to the dominance of front-runner Donald Trump. Christie, who advised Trump’s campaign in 2016 only to become a…
By Luc Cohen NEW YORK (Reuters) – A former New York City police sergeant charged with acting as an illegal Chinese agent for allegedly intimidating a U.S.-based fugitive from China went on trial on Wednesday and argued he did not know that country’s government was behind a private surveillance job he took. Federal prosecutors in…
CHARLESTON, South Carolina (Reuters) – The certification of the Boeing Co 737 MAX 7 is taking a “considerable amount of time” due to new documentation requirements, but the planemaker still believes it can be certified by the end of the year, a company executive said on Wednesday. Both the MAX 7 and MAX 10 are…
By Sinéad Carew (Reuters) -Shares of large and mid-sized U.S. banks sharply underperformed the broader market on Wednesday with the S&P 500 Banks Index closing down 2.0% while the benchmark S&P 500 Index fell 0.6% with worries about commercial real estate loans in focus among bank investors. Investors worried about potential losses among banks from…
By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil Corp and Chevron Corp shareholders on Wednesday overwhelmingly rejected calls for stronger measures to mitigate climate change, dismissing more than a dozen climate-related proposals at their annual meetings. The results supported the two largest U.S. oil producers in resisting pressure from investor groups calling for the pair to…
