Town Hall News

By Nandita Bose VALHALLA, N.Y. (Reuters) -U.S. President Joe Biden piled pressure on Republican lawmakers on Wednesday to move quickly to raise the country’s $31.4 trillion debt ceiling or risk throwing the U.S. economy into a recession that would kill thousands of jobs. “We’ve got to fight. We’re going to win this fight,” Biden said at a flag-bedecked event at Westchester Community College in Valhalla, New York. Biden made his […]

By Mike Blake and Ted Hesson SAN DIEGO/WASHINGTON (Reuters) -Thousands of migrants are crossing into the United States this week before a new regulation takes effect that could bar most who cross illegally from seeking asylum, while others gathered on the Mexico side amid confusion about U.S. policy. The U.S. rolled out a regulation on Wednesday that presumes most migrants are ineligible for asylum if they passed through other nations without […]

By Nandita Bose VALHALLA, N.Y. (Reuters) -U.S. President Joe Biden piled pressure on Republican lawmakers on Wednesday to move quickly to raise the country’s $31.4 trillion debt ceiling or risk throwing the U.S. economy into a recession that would kill thousands of jobs. “We’ve got to fight. We’re going to win this fight,” Biden said at a flag-bedecked event at Westchester Community College in Valhalla, New York. Biden made his […]

By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – Walt Disney Co reduced streaming losses by $400 million from the prior quarter but also shed subscribers, the company reported on Wednesday as quarterly earnings landed in line with Wall Street expectations. Shares of Disney fell 4.4% in after-hours trading. A price increase and reduced marketing expenses helped improve the performance of Disney’s streaming unit from January through March. The […]

By Panu Wongcha-um and Panarat Thepgumpanat BANGKOK (Reuters) – Adored by millions and reviled by many, Thai billionaire ex-Prime Minister Thaksin Shinawatra has towered over his country’s turbulent politics for more than two decades – even though he’s lived mostly in self-exile since the army overthrew him in 2006. Now, Thaksin’s announcement of plans to return to Thailand in July has caused a stir as voters prepare to go to […]

By Stephen Nellis (Reuters) – Intel Corp and Boston Consulting Group on Wednesday said they are working together to sell generative artificial intelligence tools to big businesses. Generative AI is the class of technology behind popular chatbots like OpenAI’s ChatGPT that can reply to queries with human-like text. Google owner Alphabet Inc and Microsoft Corp are revamping their search engines with AI technology to provide answers to questions rather than […]

(Reuters) – A petit basset griffon Vendeen named Buddy Holly won best of show on Tuesday in the 147th annual Westminster Kennel Club Dog Show, beating out more than 3,000 dogs from 210 breeds and varieties to claim the most prestigious such U.S. prize. A six-year-old male from Palm Springs, California, Buddy Holly became the first of his breed to win. The dogs were bred to track hares in the […]

By Carolina Mandl and Shristi Achar A (Reuters) – The Nasdaq ended Wednesday at its highest intraday level in more than eight months, boosted by a slightly lower-than-expected increase in April inflation and Alphabet Inc’s latest artificial intelligence rollout. The Labor Department’s Consumer Price Index (CPI) rose 4.9% in April from a year ago, compared with expectations of a 5% increase, raising hopes that the Federal Reserve’s interest rate hiking […]

By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -China will be the elephant in the room at this week’s meeting of Group of Seven (G7) finance leaders, who will seek to diversify supply chains away from the country — but also try to get Beijing’s cooperation in solving global debt problems. The conflicting goals come on top of vulnerabilities the G7 rich democracies face due to their heavily reliance on […]