SACRAMENTO, Calif. (AP) — Two California counties violated the Constitution’s right to keep and bear arms when they shut down gun and ammunition stores in 2020 as nonessential businesses during the coronavirus pandemic, a federal appeals court ruled Thursday. Officials in Los Angeles and Ventura counties had separately won lower court decisions saying gun stores…
(This May 17 story has been corrected to say the rollout of chargers started small due to grid issues, not scaled back due to grid issues, and changes month to October, not November, in paragraph 18) By Lewis Jackson SYDNEY (Reuters) – Australians are starting to buy electric vehicles in large numbers, and the government…
NEW YORK (AP) — The stock market is losing crucial support from the Federal Reserve. Omicron is causing havoc at businesses around the world. And Russia just might be preparing to invade Ukraine, creating more uncertainty and raising the prospect of even higher oil prices. No wonder investors are freaking out — and selling stocks….
KYIV, Ukraine (AP) — Russian President Vladimir Putin has signed laws formally absorbing four Ukrainian regions into Russia, even as its military struggles to control the territory that was illegally annexed. The documents finalizing the annexation, carried out in defiance of international laws, were published on a Russian government website on Wednesday morning. Earlier this…
SYDNEY (Reuters) – Australian home prices rose for the third consecutive month in May, with the pace of growth accelerating sharply as demand remained strong despite high mortgage rates, and the number of available homes nudged lower. Figures from property consultant CoreLogic released on Thursday showed national home prices surged 1.2% in May after rising…
By John Revill BERN (Reuters) -UBS Chief Executive Sergio Ermotti on Friday warned of painful decisions about job cuts following the takeover of Credit Suisse, which he said he hoped would be formalised in coming days. “We won’t be able to create, short term, job opportunities for everybody. Synergies is part of the story,” Ermotti…
SYDNEY (Reuters) – Legislation to hold a referendum to recognise Australia’s Indigenous people in the constitution cleared its first parliamentary hurdle on Wednesday as it was passed in the House of Representatives. Australians will be asked to vote in a referendum, likely to be held between October and December, on whether they support altering the…
By Leika Kihara TOKYO (Reuters) -Japanese authorities are facing renewed pressure to combat a continued yen fall driven by market expectations that the Bank of Japan will keep interest rates ultra-low, even as other central banks tighten monetary policy to curb inflation. Aside from verbal intervention, Japan’s government has several options to stem what it…
A look at the day ahead in U.S. and global markets from Mike Dolan Flush with hope that impressive disinflation will allow the Federal Reserve to end its rate-hike campaign this month, world markets now navigate a second-quarter corporate earnings season which the big U.S. banks kick off in earnest on Friday. JPMorgan, Citigroup, Wells…
By Ann Saphir (Reuters) -Inflation is slowing rapidly enough to allow the Federal Reserve to stop tightening U.S. monetary policy after what is still widely expected to be an interest-rate hike at its meeting in two weeks’ time, traders bet on Wednesday. Implied yields on futures tied to the U.S. central bank’s policy rate fell…
