WASHINGTON (Reuters) – Andrea Gacki, a veteran U.S. Treasury official who helped design Washington’s Russia sanctions strategy, has been appointed director of the department’s Financial Crimes Enforcement Network (FinCEN), Treasury Secretary Janet Yellen said on Thursday. Gacki, who has headed the Office of Foreign Assets Control (OFAC) since 2019, “guided the office through major world…
By Brendan O’Brien (Reuters) -A federal jury on Thursday decided that Robert Bowers was eligible for the death penalty for killing 11 worshippers at Pittsburgh’s Tree of Life synagogue in 2018, the deadliest antisemitic attack in U.S. history, local media reported. Last month, the jury found Bowers, 50, guilty of dozens of federal hate crimes…
By Granth Vanaik (Reuters) -U.S. online sales during Amazon.com’s Prime Day shopping event rose 6.1% to $12.7 billion from last year, as inflation-hit Americans hunted for discounts on the e-commerce platform, Adobe Analytics data on Thursday showed. Shoppers spent $6.3 billion on the second day of the big sale as deep discounts on products such…
By Chandni Shah (Reuters) -Amazon.com was hit with a complaint on Wednesday for refusing to bargain with a New York workers’ union, a spokesperson for the National Labor Relations Board (NLRB) said. The NLRB general counsel, which acts as a prosecutor, is seeking remedies that include an order for Amazon to bargain in good faith…
PRISTINA (Reuters) – Fistfights broke out at the Kosovo parliament and water was thrown on the prime minister after a heated three-day public debate over an audio recording between a ruling party member and an official from the Serb-majority north. Kosovo’s opposition has long accused nationalist Prime Minister Albin Kurti’s handling of tensions in the…
(Reuters) – Analysts are cautiously optimistic as second-quarter reporting season rolls out amid this year’s rally in U.S. stocks fueled by optimism over artificial intelligence (AI) and a resilient U.S. economy. Strategists expect profit at S&P 500 companies to have dropped 6.4% in the second quarter from a year earlier, according to Refinitiv data. Several…
By Safiyah Riddle (Reuters) – U.S. small businesses are paying the most for loans in 16 years as borrowing costs have skyrocketed under the Federal Reserve’s aggressive interest rate hikes, but new data shows they have yet to face a widely predicted credit crunch. The average rate paid on short-term loans for small businesses shot…
By Aatrayee Chatterjee and Mehr Bedi (Reuters) -Conagra Brands Inc on Thursday forecast annual sales and profit below Wall Street estimates, in a sign that the packaged food giant was starting to face some pushback to higher prices from inflation-weary customers. Persistent inflation has eroded budgets at many American households and forced consumers to trade…
(Reuters) – Cintas Corp beat quarterly profit and revenue expectations on Thursday, helped by demand for its pricier rental uniforms across segments and easing input costs pressures. Shares of the company rose 1% in early trading. The Mason, Ohio-based company had raised product prices in the last few quarters to protect margins from the impact…
WASHINGTON (Reuters) – U.S. producer prices barely rose in June and the annual increase in producer inflation was the smallest in nearly three years, more evidence that the economy had entered a disinflation phase. The producer price index for final demand nudged up 0.1% last month, the Labor Department said on Thursday. Data for May…
