Town Hall News

By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell 4% on Wednesday, extending steep losses from the previous session after the U.S. Federal Reserve raised interest rates and as investors fretted about the economy. Brent futures settled $2.99 lower, or 4%, to $72.33 a barrel, the global benchmark’s lowest close since December 2021. Brent hit a session low of $71.70 a barrel, its lowest since March 20.      U.S. West […]

By Elizabeth Piper and Carlos Barria KHERSON, Ukraine (Reuters) – Russian shelling killed 21 civilians in and near the southern Ukrainian city of Kherson on Wednesday, including strikes on a hypermarket, a railway station and crossing, a petrol station and residential buildings, President Volodymyr Zelenskiy said. Forty-eight people were known to have been injured, Zelenskiy said on the Telegram messaging app. “All civilians! With the day not yet over! In […]

By Laura Matthews and Saqib Iqbal Ahmed NEW YORK (Reuters) – The cost of insuring against further losses in regional U.S. bank stocks stood near a one-month high in options markets on Wednesday, even as shares of lenders saw a reprieve from their recent sell-off. The 30-day implied volatility on the SPDR S&P Regional Banking ETF, which measures traders’ expectation for near-term price swings, stood at 46 on Wednesday, just […]

By Julie Steenhuysen and Deena Beasley CHICAGO (Reuters) -An experimental Alzheimer’s drug developed by Eli Lilly and Co slowed cognitive decline by 35% in a late-stage trial, the company said on Wednesday, providing what experts say is the strongest evidence yet that removing sticky amyloid plaques from the brain benefits patients with the fatal disease. Lilly’s drug, donanemab, met all goals of the trial, the company said. It slowed progression […]

(Refiling to fix date in dateline) By Laura Matthews and Saqib Iqbal Ahmed NEW YORK (Reuters) – The cost of insuring against further losses in regional U.S. bank stocks stood near a one-month high in options markets on Wednesday, even as shares of lenders saw a reprieve from their recent sell-off. The 30-day implied volatility on the SPDR S&P Regional Banking ETF, which measures traders’ expectation for near-term price swings, […]

ATLANTA (AP) — One person was fatally shot and at least three others injured Wednesday in a shooting in a Midtown Atlanta building, police said. Atlanta police said there had been no additional shots fired since the initial shooting unfolded inside a building on West Peachtree Street, between 12th and 13th Streets, a commercial area with many office buildings and high-rise apartments. No suspect was in custody and police said […]

By Philbert Girinema KIGALI (Reuters) -Flooding and landslides triggered by heavy rain have killed at least 129 people in Rwanda and six in Uganda, authorities said on Wednesday, as rescuers hunted survivors trapped in homes. In chaotic scenes after weeks of rain in the region, one video clip posted by the state-owned Rwanda Broadcasting Agency showed muddy water gushing down an inundated road and destroying houses. “We woke up at […]

By Philbert Girinema KIGALI (Reuters) -Flooding and landslides triggered by heavy rain have killed at least 129 people in Rwanda and six in Uganda, authorities said on Wednesday, as rescuers hunted survivors trapped in homes. In chaotic scenes after weeks of rain in the region, one video clip posted by the state-owned Rwanda Broadcasting Agency showed muddy water gushing down an inundated road and destroying houses. “We woke up at […]

By Andrea Shalal and David Lawder WASHINGTON (Reuters) -The World Bank’s board of governors on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, ushering in an Indian-born finance and development expert to revamp the lender to tackle climate change and other global crises. Banga, 63, was nominated for the post by U.S. President Joe Biden in late February and was the sole contender to replace […]