By Helen Reid LONDON (Reuters) – U.S. retailer Target’s decision to remove some LGBTQ-themed merchandise after customer backlash in its stores highlights the problem with companies’ “rainbow capitalism,” said Erik Carnell, a transgender designer whose products were pulled from its stores. Target has sold LGBTQ-related goods tied to Pride month for years. But last week…
By Moira Warburton and David Morgan WASHINGTON (Reuters) – Legislation brokered by President Joe Biden and House Speaker Kevin McCarthy to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts passed an important hurdle late on Tuesday, advancing to the full House of Representatives for debate and an expected vote on…
(Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester sees no “compelling” reason to wait to implement another interest rate hike, Financial Times reported on Wednesday. “I don’t really see a compelling reason to pause,” Mester told FT in an interview. “I would see more of a compelling case for bringing the rates up and…
TAIPEI (Reuters) – Apple Inc supplier Foxconn said on Wednesday artificial intelligence applications would strongly drive demand for its server business this year but reiterated 2023 overall would be a flat one for the company on global economic woes. Foxconn Chairman Liu Young-way told the company’s annual shareholders meeting the firm remained cautious about this…
(Note: Strong language in paragraph 10) By Alexandra Ulmer and Anna Tong (Reuters) – “I actually like Ron DeSantis a lot,” Hillary Clinton reveals in a surprise online endorsement video. “He’s just the kind of guy this country needs, and I really mean that.” Joe Biden finally lets the mask slip, unleashing a cruel rant…
By Lewis Jackson SYDNEY (Reuters) -The Reserve Bank of Australia will not sign any new contracts with PricewaterhouseCoopers (PwC) Australia until a scandal over the firm’s misuse of confidential government tax plans is sorted out, the central bank’s governor said on Wednesday. The “big four” firm is on the defense after a former Australian tax…
(Reuters) – Washington is encouraging Kyiv by publicly ignoring the drone attack that struck several districts of Moscow on Tuesday, Russia’s envoy to the United States said on Wednesday, after President Vladimir Putin blamed Ukraine for the strikes. The White House said it did not support attacks inside of Russia and that it was still…
By Brendan O’Brien (Reuters) -Two people still counted as missing after the partial collapse of an Iowa apartment building on the weekend were likely inside at the time, officials said on Tuesday, but the structure was too unstable to resume a search for them. Officials suspended a search out of concern for the safety of…
By Yuvraj Malik, Samrhitha A and Stephen Nellis (Reuters) -When the pandemic forced Nvidia Corp to hold a major product launch virtually, CEO Jensen Huang beamed video to promote the event from his kitchen, where he pulled the company’s latest chip out of his oven. “I’ve got something I’ve gotta show you,” Huang says while…
WASHINGTON (Reuters) – A bill to suspend the $31.4 trillion U.S. debt ceiling and avert a disastrous default advanced on Tuesday when a key House of Representatives committee voted to send it to the full chamber for a Wednesday vote. The Republican-controlled House Rules Committee voted 7-6 to advance the bill to the floor for…
