By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – U.S. short-term interest rate futures on Monday reflected a reduced chance of an interest rate increase by the Federal Reserve before its two-day March policy meeting. St. Louis Fed President James Bullard, a voter on the policy-setting Federal Open Market Committee, told Bloomberg last Thursday that he was…
The Texas Attorney General is suing Facebook parent Meta, saying the company has unlawfully collected biometric data on Texans for commercial purposes, without their informed consent. Attorney General Ken Paxton filed the lawsuit Monday a state district court claiming Meta has been “storing millions of biometric identifiers” — identified as retina or iris scans, voice…
By Jonnelle Marte (Reuters) – The unprecedented level of job switching seen last year as the U.S. labor market rebounded from the pandemic gave workers more leverage to ask for better pay and played a role in pushing inflation to its highest level in decades, a new study suggests. An increase in the share of…
By Jonnelle Marte (Reuters) -U.S. consumers lowered their expectations for how much inflation will rise in the near-term and medium-term periods, signaling that inflation concerns may be easing, according to a survey released on Monday by the New York Federal Reserve. One-year inflation expectations decreased for the first time since October 2020, dropping to a…
By Luc Cohen NEW YORK (Reuters) -Prosecutors began a U.S. corruption trial on Monday by accusing a former Goldman Sachs banker of seeking to make millions of dollars laundering money looted from Malaysia’s 1MDB sovereign wealth fund. Roger Ng, Goldman’s former head of investment banking in Malaysia, is charged with conspiring to launder money and…
WASHINGTON (Reuters) -St. Louis Federal Reserve president James Bullard on Monday reiterated calls for a faster pace of Fed interest rate hikes, saying that four strong inflation reports in a row warranted action and that the central bank needed to “ratify” market expectations of its upcoming moves. Bullard, who himself helped shape those expectations with…
AMSTERDAM (Reuters) – The Dutch antitrust watchdog fined Apple 5 million euros ($5.7 million) on Monday, its fourth such fine for failing to allow software application makers in the Netherlands to use non-Apple payment methods for dating apps on the App Store. The Authority for Consumers and Markets (ACM) has been levying weekly fines of…
TORONTO (Reuters) – The Canadian dollar edged lower against the greenback on Monday, as investors weighed warnings that Russia could invade Ukraine at any time and a major trade route between Canada and the United States reopened. World shares skidded and the safe-haven U.S. dollar gained ground against a basket of major currencies as the…
WINDSOR, Ontario (AP) — Ontario’s premier announced Monday that Canada’s most populous province will lift its COVID-19 proof-of-vaccination requirements in two weeks — not because of the protests that have blocked the border and paralyzed Ottawa, he said, but because “it is safe to do so.” The busiest U.S.-Canada border crossing, meanwhile, was open again…
WARSAW, Poland (AP) — Poland, the largest European Union nation to border Ukraine, is making preparations to accept Ukrainian refugees in the event of another Russian attack on that country. But the Polish government hopes that worst-case scenario can be averted. Similar preparations are being made across the region, particularly in those nations which share…
