Town Hall News

(Reuters) -TuSimple Holdings Inc said on Thursday it will cut 30% of its workforce in the United States under a restructuring as the autonomous driving technology company looks to preserve its balance sheet amid a funding crunch in the sector. The shares of the company fell more than 8% in premarket trading. The San Diego-based company also said it is no longer seeking strategic alternatives for its Asia Pacific business, backtracking […]

By Lincoln Feast (Reuters) – Kelly Slater is hoping he can pull off one more miracle as the most remarkable career in surfing draws towards a close, setting his sights on a narrow path to qualification for the Olympics being held next year in Tahiti’s thumping tubes. The 51-year-old American, world champion a record 11 times, was last month granted a wildcard for the remainder of the World Surf League’s […]

(Reuters) – Dallas Federal Reserve Bank President Lorie Logan on Thursday said she’s concerned that “much too high” inflation is not cooling fast enough yet to allow the Fed to pause its interest-rate hike campaign in June. “The data in coming weeks could yet show that it is appropriate to skip a meeting,” Logan said in remarks prepared for delivery to the Texas Bankers Association in San Antonio, referring to […]

By Claudia Greco and Antonio Denti CESENA, Italy (Reuters) – Floods that killed nine people in Italy’s northern Emilia-Romagna region caused billions of euros’ worth of damage and hit agriculture particularly hard, the regional governor said on Thursday. Torrential rains this week devastated the eastern side of the region, known as Romagna, with up to 300 landslides, 23 overflowing rivers, some 400 roads damaged or destroyed, and 42 flooded municipalities. […]

(Removes extraneous word in tenth paragraph) By Claudia Greco and Antonio Denti CESENA, Italy (Reuters) – Floods that killed nine people in Italy’s northern Emilia-Romagna region caused billions of euros’ worth of damage and hit agriculture particularly hard, the regional governor said on Thursday. Torrential rains this week devastated the eastern side of the region, known as Romagna, with up to 300 landslides, 23 overflowing rivers, some 400 roads damaged […]

(Reuters) -General Electric Co said on Thursday Carolina Dybeck Happe would step down as finance chief of the industrial giant, as it prepares to complete the spin-offs of its businesses next year. Rahul Ghai will become the CFO of GE, effective Sept. 1, while retaining his role as the finance chief of GE Aerospace, which he has held since August 2022, the company said in a statement. “Since Rahul joined […]

By Deborah Mary Sophia (Reuters) -Canada Goose Holdings Inc forecast annual sales above Street estimates on Thursday, as a sharp rebound in key luxury market China is making up for a demand slowdown in the United States, sending its U.S.-listed shares up 9% premarket. A reversal in China’s strict COVID-19 policy has brought consumers back to stores, encouraging wealthy shoppers to snap up everything from Coach handbags to Cartier jewelry […]

(Corrects paraphrase in paragraph 7 to “policy certainty” from “policy uncertainty”) By Summer Zhen HONG KONG (Reuters) -As Japan’s stock market roars to multi-decade highs, large investors with long memories say they are staying out, wary of sagging momentum and the prospect the central bank will unwind its massive monetary stimulus. Riding a wave of buybacks and strong corporate earnings, and pumped up by a weak yen, the broad Topix […]

Turkish Opposition Plays Up Nationalist Sentiment Ahead of 2nd Round First round of elections showed a shift further to the nationalist right By Kristina Jovanovski/The Media Line Turkish opposition leader Kemal Kılıçdaroğlu told supporters on Wednesday that the influx of refugees threatens their survival as he rallies support ahead of a second-round presidential election on May 28. “We will not abandon our homeland to those incapable of protecting our honor, […]