By Tim McLaughlin and Sarah N. Lynch WORCESTER, Massachusetts (Reuters) – A U.S. Air National Guardsman accused of leaking military secrets appeared in federal court on Thursday, where a judge expressed concern the 21-year-old’s knowledge of classified material might be valuable to a foreign government. “Some of the information he” is accused of taking “he…
By David Lawder WASHINGTON (Reuters) – Internal Revenue Service Commissioner Danny Werfel on Thursday said the agency will not hire any armed auditors with $80 billion in new funding, an attempt to dispel Republican assertions the IRS plans to build an “army” of 87,000 armed agents. Werfel, sworn in as the tax agency’s chief on…
By Ted Hesson and Matt Spetalnick WASHINGTON (Reuters) -The United States will ramp up deportations while also expanding legal pathways for would-be migrants as it braces for a possible spike in illegal border crossings when COVID-19 restrictions are set to end next month, U.S. officials said on Thursday. The U.S. will double or triple the…
By Niket Nishant and Chibuike Oguh (Reuters) – First Republic Bank’s shares rebounded on Thursday from a steep sell-off that wiped out nearly 60% of the regional bank’s market value this week. San Francisco-based First Republic disclosed on Monday it had lost more than $100 billion of deposits in the first quarter, triggering a sharp…
(Reuters) -Ride-hailing firm Lyft Inc said it will lay off about 1,072 employees, or 26% of its workforce, in one of the first steps by the new Chief Executive David Risher, sending its shares up by about 1% on Thursday. Risher, who took over earlier this month, had recently said the company will “significantly” cut…
LONDON/BOGOTA (Reuters) -Colombia’s incoming finance minister Ricardo Bonilla and President Gustavo Petro sought to calm the market on Thursday as the peso currency, bonds and the stock exchange fell following the surprise ouster of Bonilla’s predecessor. Petro named Ricardo Bonilla to the post in a Cabinet reshuffle on Wednesday, replacing Jose Antonio Ocampo. The currency…
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed sharply higher on Thursday and Treasury yields resumed their climb as strong earnings helped investors look past signs of economic weakness. All three major U.S. stock indexes surged in a broad rally, with megacap tech and tech-related companies boosting the Nasdaq to its biggest one-day…
By Katharine Jackson WASHINGTON (Reuters) – The U.S. Senate on Thursday fell short of the votes needed to enshrine equal rights for women in the Constitution, a century after a guarantee of gender equality was proposed in Congress. With a 51-47 vote in favor, Senate Democrats and supporters were nine votes shy of the 60…
By Chris Prentice and Hannah Lang NEW YORK/WASHINGTON (Reuters) -Coinbase Global has reiterated its view to the U.S. Securities and Exchange Commission that it has not broken any securities laws in its formal response to a legal threat received from the regulator, the firm said on Thursday. Coinbase CEO Brian Armstrong and Chief Legal Officer…
(Reuters) – U.S. Senator Joe Manchin on Wednesday threw his support behind a legislative effort to repeal President Joe Biden’s suspension of tariffs on solar panel imports from four Southeast Asian nations that are the industry’s primary suppliers. He is the first Democrat to co-sponsor a resolution introduced by Senator Rick Scott, a Republican, in…
