Town Hall News

By Sinéad Carew and Noel Randewich NEW YORK/SAN FRANCISCO (Reuters) – Even after Nvidia Corp’s blistering rally in recent days, the chip developer’s valuation has actually fallen, at least by one measure widely used by analysts and investors.     The chip developer has risen more than 31% in the last three sessions including a 3% gain on Tuesday to $401.11. At one point during the session, its market capitalization […]

By Kanishka Singh WASHINGTON (Reuters) -The former head of Wells Fargo & Co’s retail bank agreed to pay a $3 million penalty to settle U.S. Securities and Exchange Commission fraud charges for misleading investors about sales practices used to inflate a performance metric, the SEC said on Tuesday. Carrie Tolstedt was charged in 2020 for her role in allegedly misleading investors about the success of Wells Fargo’s core business. Tolstedt […]

By Emma Farge GENEVA (Reuters) -The United Nations human rights chief said on Tuesday he has formally conveyed his concerns over a new British migration law to the government, saying he was worried it would bar people from seeking asylum. Stopping small boat arrivals across the Channel from France is a priority for British Prime Minister Rishi Sunak and the Illegal Migration Bill was approved by parliament’s lower house in […]

By Kanishka Singh WASHINGTON (Reuters) -The former head of Wells Fargo & Co’s retail bank agreed to pay a $3 million penalty to settle U.S. Securities and Exchange Commission fraud charges for misleading investors about sales practices used to inflate a performance metric, the SEC said on Tuesday. Carrie Tolstedt was charged in 2020 for her role in allegedly misleading investors about the success of Wells Fargo’s core business. Tolstedt […]

LONDON (Reuters) – The cost of insuring exposure to a U.S. debt default fell further on Tuesday, reflecting investor optimism over a tentative deal by U.S. lawmakers to raise the $31.4 trillion debt ceiling. Trading picked up on Tuesday after much of Europe and the United States were closed on Monday for holidays. In mid-morning trading, the U.S. one-year credit default swap (CDS)- a market-based gauge of the risk of […]

(Note: Strong language in paragraph 10) By Alexandra Ulmer and Anna Tong (Reuters) – “I actually like Ron DeSantis a lot,” Hillary Clinton reveals in a surprise online endorsement video. “He’s just the kind of guy this country needs, and I really mean that.” Joe Biden finally lets the mask slip, unleashing a cruel rant at a transgender person. “You will never be a real woman,” the president snarls. Welcome […]

By Valerie Volcovici and Timothy Gardner WASHINGTON (Reuters) – The bipartisan U.S. debt deal’s provisions to speed up energy infrastructure permitting will make it easier to build fossil fuel and clean energy projects but failed to tackle the mammoth issue of building transmission and pipelines needed to get their production to consumers. The Biden administration said the deal, announced over the weekend, would for the first time in years update […]

By Supantha Mukherjee and Martin Coulter STOCKHOLM/LONDON (Reuters) – Top artificial intelligence (AI) executives including OpenAI CEO Sam Altman on Tuesday joined experts and professors in raising the “risk of extinction from AI”, which they urged policymakers to equate at par with risks posed by pandemics and nuclear war. “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear […]

By Daphne Psaledakis WASHINGTON (Reuters) – The U.S. on Tuesday imposed sanctions on 17 people and entities based in China and Mexico who it accused of enabling counterfeit, fentanyl-laced pill production, as the Biden administration seeks to stem imports of the deadly drug. The U.S. Treasury Department in a statement said it slapped sanctions on seven entities and six people based in China, as well as one business and three […]