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By Howard Schneider and Ann Saphir WASHINGTON, April 29 (Reuters) – The Federal Reserve held interest rates steady on Wednesday, but in its most divided decision since 1992 noted rising concerns about inflation in a policy statement that drew three dissents from officials who no longer feel the U.S. central bank should communicate a bias towards lowering borrowing costs. A fourth dissent at the meeting came in favor of a […]

April 29 (Reuters) – A group representing major U.S. broadcasters called the Federal Communications Commission decision to launch an early review of the eight ABC local station licenses owned by Disney “nearly unprecedented” and added th decision “creates significant uncertainty for all broadcasters.” The National Association of Broadcasters said Wednesday the “FCC must be careful to avoid actions that create further instability for the local stations viewers and listeners depend […]

By Svea Herbst-Bayliss and Utkarsh Shetti April 29 (Reuters) – Billionaire investor Bill Ackman is set to debut his new Pershing Square USA closed-end fund on the New York Stock Exchange on Wednesday, offering retail investors a stock-picking strategy traditionally limited to the super rich for as little as $50 a share. The fund, Pershing Square USA, will trade under the ticker symbol PSUS. Ackman is also listing his management […]

By Alex Lawler and Dmitry Zhdannikov LONDON, April 29 (Reuters) – Seven members of OPEC+ are likely to agree another increase in oil output targets when they meet on Sunday, three sources with knowledge of discussions told Reuters, lowering the size of the increase to take into account the United Arab Emirates’ exit from the producer group. However, few of the producers can actually boost production due to the effective […]

New Orleans Pelicans center DeAndre Jordan was named this year’s winner of the Twyman-Stokes Teammate of the Year award on Wednesday. Presented annually since 2012-13, the award recognizes the player deemed the league’s best teammate, based on selfless play, leadership on and off the court as a mentor and role model to other NBA players, and commitment to the team. The 12 finalists were selected by a panel of league […]

WASHINGTON, April 29 (Reuters) – A measure to open debate on key legislation to outline funding for immigration enforcement operations and to renew foreign surveillance authority was approved in the House of Representatives on Wednesday. The victory came after House Speaker Mike Johnson persuaded his fellow Republicans to back the measure in an effort that kept the vote open for more than two hours. The final vote was 215-210 to […]

Tampa Bay Lightning goaltender Andrei Vasilevskiy was named as a finalist for the Vezina Trophy on Wednesday. New York Islanders netminder Ilya Sorokin and Boston Bruins goalie Jeremy Swayman also were named as finalists for the award, which is presented annually to the league’s top goaltender during the regular season. The award, voted on by the NHL’s general managers, will be announced at a later date. Vasilevskiy, 31, led all […]

By Timothy Gardner WASHINGTON/DUBAI, April 29 (Reuters) – Donald Trump discussed how to mitigate the impact of a possible months-long U.S. blockade of Iran’s ports with U.S. oil companies, a White House official said on Wednesday, as the U.S. president urged Tehran to “get smart soon” and sign a deal. Tuesday’s talks with oil executives followed deadlock in efforts to resolve the conflict, which has led the United States to […]

The Trump administration is spending nearly $2 billion to get energy companies to walk away from U.S. offshore wind projects. Democrats in Congress are investigating. The Republican administration adopted this strategy after federal courts thwarted President Donald Trump’s efforts to stop offshore wind development through executive action. Three agreements have been announced. U.S. Reps. Jared Huffman of California, the top Democrat on the House Natural Resources Committee, and Jamie Raskin, […]