BRUSSELS (Reuters) – NATO leaders will meet in Vilnius on July 11-12 to tackle a wide range of topics, from divisions over Ukraine’s membership bid and Sweden’s accession to boosting ammunitions stockpiles and reviewing the first defence plans in decades. It will be the fourth NATO summit since Russia’s invasion of Ukraine, with the first…
By Anirban Sen NEW YORK (Reuters) -Cronos Group Inc, the Canadian cannabis producer backed by cigarette maker Altria Group Inc, confirmed on Thursday it is in talks with potential buyers to explore a sale of the company, after Reuters reported on the talks. Cronos is working with a financial adviser to handle expressions of interest…
By Jonathan Stempel NEW YORK (Reuters) -The National Labor Relations Board on Thursday sued Starbucks over the coffee chain’s refusal to rehire 33 workers as it reorganized three downtown Seattle stores, including its flagship store in Pike Place Market. In a petition filed in Seattle federal court, the agency called Starbucks’ plan to reorganize the…
(This July 6 story has been corrected to fix the court where filing was made in paragraphs 1-3) (Reuters) – The Biden administration on Thursday asked a federal judge to put on hold his earlier order barring some government agencies and officials from meeting and communicating with social media companies about moderating their content. In…
By Jonathan Stempel NEW YORK (Reuters) – Jamie Dimon and Jes Staley do not agree on who to blame for JPMorgan Chase’s relationship with former client Jeffrey Epstein, but agree that a shareholder lawsuit over their alleged failure to police the disgraced financier should be thrown out. Lawyers for Dimon, the bank’s chief executive, and…
By Robert Muller PRAGUE (Reuters) -The head of NATO said on Friday the military alliance would unite at a summit next week on how to bring Kyiv closer to joining, while Ukraine’s president drummed up support for its membership bid on a tour of several NATO states. President Volodymyr Zelenskiy visited the Czech Republic and…
WASHINGTON (Reuters) – U.S. President Joe Biden said a report on Friday showing continued, but slowing, job growth is “Bidenomics in action” and a sign of a sustainable economic expansion. “We are seeing stable and steady growth,” Biden said in a statement. “That’s Bidenomics – growing the economy by creating jobs, lowering costs for hardworking…
(Reuters) – U.S. equity funds witnessed net purchases for a second straight week during the seven days to July 5, as signs of cooling inflation soothed investor worries about more interest rate hikes from the Federal Reserve. Investors purchased a net $4.44 billion worth of U.S. equity funds during the week, up from about $2.04…
(Reuters) -The Federal Reserve will likely raise its benchmark interest rate later this month to a 5.25%-5.5% range, traders bet on Friday, even as they priced in a slightly lower chance of any further increase after a government report showed hiring slowed more than expected in June. Traders now see about a 20% chance of…
NEW YORK (Reuters) – U.S. job growth slowed more than expected in June after surging in the prior month, but labor market conditions remain tight, with the unemployment rate retreating from a seven-month high and fairly strong wage gains continuing. Nonfarm payrolls increased by 209,000 jobs last month, the Labor Department said on Friday. May…
