Town Hall News

By Ismail Shakil and Akriti Sharma OTTAWA (Reuters) -Canada’s government struck an agreement with 120,000 federal workers on Monday, effectively ending the country’s largest public sector strike in history, which had crippled services from passport renewals to immigration. While most strikers are set to return to work after almost two weeks of deadlock, more than 35,000 revenue agency workers who also went on strike on April 19 are still negotiating, […]

By Karen Brettell NEW YORK (Reuters) – The dollar was little changed on Monday before a busy week for central banks, with the Federal Reserve expected to raise rates by an additional 25 basis points on Wednesday. Investors will focus on whether the Fed indicates that it expects to pause rate increases after May, or if it keeps the possibility of an additional hike in June or later alive. “Many […]

By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court on Monday agreed to decide whether the government can require commercial fishermen to help fund a program monitoring herring catches off New England’s coast in a case that could undercut the regulatory power of federal agencies. The justices took up an appeal by New Jersey-based fishing companies of a lower court’s ruling in favor of the U.S. government in a […]

By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court on Monday agreed to decide whether the government can require commercial fishermen to help fund a program monitoring herring catches off New England’s coast in a case that could undercut the regulatory power of federal agencies. The justices took up an appeal by New Jersey-based fishing companies of a lower court’s ruling in favor of the U.S. government in a […]

(Reuters) -Major shareholder Foxconn is alleging that Lordstown Motors had breached their $170 million investment deal, the EV maker said on Monday, while warning that it might not have enough cash to fund its operations if the agreement falls through. Lordstown, whose shares tumbled 15% in early trading, said Foxconn pointed to the delisting notice that the company received from the Nasdaq in a letter alleging the breach. The U.S. […]

By Alex Lawler LONDON (Reuters) -Oil fell on Monday as concern over the economic impact of the U.S. Federal Reserve potentially raising interest rates and weaker Chinese manufacturing data outweighed support from OPEC+ supply cuts taking effect this month. The Fed, which meets on May 2-3, is expected to increase interest rates by another 25 basis points. The U.S. dollar rose against a basket of currencies on Monday, making oil […]

By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court on Monday agreed to decide whether the government can require commercial fishermen to help fund a program monitoring herring catches off New England’s coast in a case that could undercut the regulatory power of federal agencies. The justices took up an appeal by New Jersey-based fishing companies of a lower court’s ruling in favor of the U.S. government in a […]

By Daniel Wiessner (Reuters) – The U.S. Supreme Court on Monday agreed to examine how difficult it should be for financial whistleblowers to win retaliation lawsuits against their employers as the justices took up a long-running case involving Switzerland’s UBS Group AG. The justices will hear an appeal by Trevor Murray, a former UBS bond strategist, of a lower court’s decision to throw out his 2021 lawsuit that accused the […]

By Daniel Wiessner (Reuters) – The U.S. Supreme Court on Monday agreed to examine how difficult it should be for financial whistleblowers to win retaliation lawsuits against their employers as the justices took up a long-running case involving Switzerland’s UBS Group AG. The justices will hear an appeal by Trevor Murray, a former UBS bond strategist, of a lower court’s decision to throw out his 2021 lawsuit that accused the […]