Town Hall News

By Shubham Batra and Shristi Achar A (Reuters) – Nasdaq led Wall Street gains on Wednesday as technology shares rose, though investors refrained from making large bets ahead of inflation data and the Federal Reserve’s policy meeting next week. Major technology and growth stocks, barring Microsoft and Amazon Inc, rose between 0.7% and 3.8%. Netflix climbed 2.9% after Wells Fargo raised the stock’s target price to $500 from $400 per […]

BRUSSELS (Reuters) -The European Commission will take the first step in a legal challenge against Poland over a Polish law on undue Russian influence that critics says could result in banning opposition politicians from public office. A Commission spokesperson said on Wednesday that a letter of formal notice would be sent to Warsaw on Thursday. Poland’s minister for EU affairs, Szymon Szynkowski vel Sek, responded to the move by saying […]

TORONTO (Reuters) – The new partnership between the PGA Tour and Saudi-backed LIV Golf circuit will ultimately be good for professional golf, world number three Rory McIlroy said on Wednesday. McIlroy, speaking during his pre-tournament news conference ahead of this week’s Canadian Open, said he knew discussions between the organisations were going on but did not expect a deal to happen so quickly. “I think ultimately when I try remove […]

By Ananya Mariam Rajesh (Reuters) -Campbell Soup maintained its annual forecasts despite beating estimates for quarterly profit due to higher prices, sending shares of the Pepperidge Farm cookie maker down about 7% in early trade on Wednesday. Packaged food companies such as Campbell, Kraft Heinz and Kellogg Co have for several quarters raised the prices of their meals, beverages and snacks to offset higher input costs stemming from supply chain […]

By Helen Coster (Reuters) -CNN Chairman and Chief Executive Chris Licht has stepped down from the media company, effective immediately, parent company Warner Bros. Discovery said on Wednesday. The company said that as it seeks Licht’s replacement, it has put in place an interim leadership team including Amy Entelis, EVP of talent and content development; Virginia Moseley, EVP of editorial; and Eric Sherling, EVP of US programming, as well as […]

By Shrivathsa Sridhar PARIS (Reuters) -Holder Iga Swiatek was tested by American sixth seed Coco Gauff in a rematch of their 2022 French Open title clash but the world number one showed her class to secure a 6-4 6-2 victory and reach the semi-finals on Wednesday. The top seed will take on Brazil’s Beatriz Haddad Maia in the last four as she continues her bid for a third crown in […]

(Reuters) – Coinbase Global’s CEO Brian Armstrong said on Wednesday that the crypto exchange has a long history of being transparent with the U.S. Securities and Exchange Commission. Armstrong was speaking in an interview with CNBC, a day after the company was sued by the U.S. securities regulator on allegations it failed to register as an exchange. “The SEC allowed us to become a public company … so, its not […]

By Ismail Shakil and Fergal Smith OTTAWA (Reuters) -Canada’s exports jumped 2.5% in April, and hit an all-time high by volume, while imports declined 0.2% partly because of a fall in energy products, Statistics Canada said on Wednesday. As a result, the country’s trade surplus with the world widened to C$1.94 billion ($1.45 billion) in April, more than double analysts’ forecasts of a C$900 million surplus. March’s surplus was downwardly […]

NEW DELHI (Reuters) – OpenAI is against regulating smaller startups in the field of artificial intelligence, Sam Altman, Chief Executive of the firm behind ChatGPT, said at a conference in India’s New Delhi. “We have explicitly said there should be no regulation on smaller companies. The only regulation we have called for is on ourselves and people bigger,” he said, speaking at an event hosted by national daily Economic Times. Altman is […]