Town Hall News

By Sarah N. Lynch and Jasper Ward WASHINGTON (Reuters) -The U.S. Justice Department announced on Tuesday the arrest of 288 suspects, as part of an international law enforcement operation aimed at curbing the illicit trafficking of fentanyl and other dangerous opioids on the dark web. The operation, dubbed Operation SpecTor, involved multiple law enforcement agencies and was conducted across the United States, Europe, and South America. U.S. Attorney General Merrick […]

(Reuters) – Shares of major U.S. regional banks fell further on Tuesday in the aftermath of the collapse of First Republic Bank, the largest U.S. bank failure since the 2008 financial crisis. Investors are still concerned that the crisis started by the closure of Silicon Valley Bank and Signature Bank in March could engulf other mid-sized lenders. However, analysts have said JPMorgan Chase & Co’s acquisition of a majority of […]

By Priyamvada C and Doyinsola Oladipo (Reuters) -Marriott International Inc reported better-than-expected first-quarter results on Tuesday as the U.S. hotel operator benefited from a global rise in occupancy and room revenue led by domestic travel in China, sending its shares up by 3%. U.S. hotel operators who have been grappling over the past year with an uneven recovery in Chinese demand are now benefiting from pent-up-demand throughout Asia Pacific, particularly […]

By Mohamed Noureldin KHARTOUM (Reuters) – Sudan’s war has forced 100,000 people to flee over its borders and fighting now its third week is creating a humanitarian crisis, U.N. officials said on Tuesday as gunfire and explosions echoed across the capital despite another ceasefire deal. The conflict risks morphing into a broader disaster as Sudan’s impoverished neighbours deal with a refugee crunch and fighting hampers aid deliveries in a nation […]

By Ananya Mariam Rajesh and Hilary Russ (Reuters) -Restaurant Brands International Inc beat Wall Street estimates for first-quarter revenue and profit on Tuesday, boosted by higher traffic and prices at Tim Hortons restaurants in Canada despite closures of some U.S. Burger King locations. The company’s global comparable sales rose nearly 10% in the March quarter, versus analysts’ estimates of 6.5% according to Refinitiv IBES data. Tim Hortons Canada sales grew […]

(Reuters) – World number two Aryna Sabalenka denied unseeded Egyptian Mayar Sherif the biggest victory of her career when the Belarusian came back from a set down to win their Madrid Open quarter-final 2-6 6-2 6-1 on Tuesday. Sabalenka was not at her best and made 37 unforced errors in the match, but the Australian Open champion bounced back midway through the second set to win 10 games in a […]

By Liz Hampton DENVER (Reuters) – U.S. shale producer Diamondback Energy on Tuesday said rig prices are falling and steel costs are set to decline by about $20-$25 per foot, a sign the inflationary pressures that plagued the oilfield in the past year are easing. Diamondback’s second-quarter average rig dayrate is down from the first quarter, the company told investors. It did not specify how much the rate had declined. […]

(Reuters) -Former Minneapolis police officer Tou Thao has been found guilty of aiding and abetting in the 2020 killing of George Floyd, a Black man who died after his neck was pinned to the ground by another officer’s knee during a botched arrest. The charge against Thao, one of four officers involved in the arrest, was the final outstanding criminal case related to Floyd’s killing, which in 2020 ignited protests […]

By Ankika Biswas and Sruthi Shankar (Reuters) – Wall Street’s main indexes fell on Tuesday after Treasury Secretary Janet Yellen said the U.S. government could run out of money within a month, while investors awaited the Federal Reserve’s policy decision. The cost of insuring against a U.S. default hit fresh highs as Yellen said the government will be unlikely to meet all payment obligations by “early June”, prompting President Joe […]