Town Hall News

By Caroline Valetkevitch NEW YORK (Reuters) – Short sellers in shares of Nvidia Corp were down $4.1 billion in mark-to-market losses in three trading days, according to financial data firm S3 Partners, as the chipmaker’s market capitalization hit $1 trillion on Tuesday. Nvidia’s shares were up about 31% combined over Thursday, Friday and trading so far on Tuesday, and up about 174% year-to-date. The market was closed on Monday for […]

By Steve Scherer OTTAWA (Reuters) – Canada’s spy agency told former Canadian Conservative Party leader Erin O’Toole that China campaigned to discredit him and suppress votes ahead of the 2021 election he lost to Liberal Prime Minister Justin Trudeau, O’Toole said on Tuesday. In a briefing on Friday, the Canadian Security Intelligence Service (CSIS) informed O’Toole about intelligence saying Beijing had targeted him in 2021, when he was Conservative leader […]

By Moira Warburton and David Morgan WASHINGTON (Reuters) -Top congressional Republican Kevin McCarthy on Tuesday urged members of his party to support a bipartisan deal to lift the $31.4 trillion U.S. debt ceiling, ahead of a critical procedural vote. The gatekeeper House of Representatives Rules Committee is due to consider the 99-page bill beginning at 3 p.m. EDT (1900 GMT) on Tuesday, ahead of votes in the Republican-controlled House of […]

By Herbert Lash and Shreyashi Sanyal (Reuters) – Stocks on Wall Street were mixed on Tuesday, pressured by worries about Republicans who oppose a deal to raise the $31.4 trillion debt ceiling but supported by another surge in Nvdia shares that lifted the chipmaker into the rare club of companies valued at $1 trillion. The S&P 500 index fell but stayed near its highest level since August 2022. The Dow […]

(Reuters) – Fifteen years after Kosovo declared independence, 50,000 minority Serbs in the north bordering Serbia refuse to recognise state institutions, receive pay and benefits from Serbia’s budget and pay no taxes either to Pristina or Belgrade. Unrest in the region has intensified more recently since ethnic Albanian mayors took office in northern Kosovo’s Serb-majority area after April elections the Serbs boycotted, a move that led the U.S. and its […]

By Akash Sriram and Samrhitha A (Reuters) – Nvidia Corp joined an elite club of U.S. companies sporting a $1 trillion market value on Tuesday, as investors piled into the chipmaker that has quickly become one of the biggest winners of the AI boom. The stock’s value has tripled in less then eight months, reflecting the surge in interest in artificial intelligence following rapid advances in generative AI, which can […]

By Sam Tobin and Paul Sandle LONDON (Reuters) – Microsoft on Tuesday accused Britain’s anti-trust regulator of being a global “outlier” in blocking its $69 billion takeover of “Call of Duty” maker Activision Blizzard. The Competition and Markets Authority (CMA) vetoed the deal in April, saying it could hurt competition in the nascent cloud gaming market, sparking a furious row. The company’s appeal against the decision is likely to be […]

By Katharine Jackson WASHINGTON (Reuters) – Rosalynn Carter, former U.S. first lady and wife of former president Jimmy Carter, has dementia, the Carter family announced on Tuesday. “She continues to live happily at home with her husband, enjoying spring in Plains and visits with loved ones,” the family said in a statement released by the Carter Center, referring to the couple’s Georgia home. Rosalynn Carter, 95, spent decades advocating to […]

By Daniel Wiessner (Reuters) – A U.S. labor board official on Tuesday said requiring workers to sign agreements not to join competing companies is usually illegal, the latest bid by government regulators to rein in the practice. National Labor Relations Board (NLRB) General Counsel Jennifer Abruzzo in a memo to agency lawyers said so-called “noncompete agreements” discourage workers from exercising their rights under U.S. labor law to advocate for better […]