Town Hall News

By Leah Douglas (Reuters) – Nearly 850,000 Americans could find it harder to access federal food aid under a Republican proposal to expand the program’s work requirements, according to the Biden administration, which has promised to veto the plan if it passes Congress. The expanded work requirements for the Supplemental Nutrition Assistance Program (SNAP) were included in a plan released last week by Republican House of Representatives Speaker Kevin McCarthy […]

By Rami Amichay and Emily Rose BEERSHEBA, Israel (Reuters) -Tensions ran high as ceremonies commemorating slain Israeli soldiers and victims of attacks turned into protests on Tuesday, far from the decades-old tradition of Memorial Day unity. Despite calls from Prime Minister Benjamin Netanyahu and opposition leaders to put disagreements aside over plans by the far-right government to strip Israel’s highest court of much of its powers, the friction was palpable […]

By Steve Holland, Jarrett Renshaw and Heather Timmons WASHINGTON (Reuters) -President Joe Biden launched his re-election bid on Tuesday with a promise to protect American liberties from “extremists” linked to former President Donald Trump, who he beat in 2020 and might face again in 2024. Biden made his announcement in a video released by his new campaign team that opens with imagery from the Jan. 6, 2021, attack on the […]

By Sinéad Carew, Sruthi Shankar and Ankika Biswas (Reuters) – U.S. stocks sank on Tuesday as a downbeat UPS forecast exacerbated investor concerns about a slowing U.S. economy, while a plunge in regional First Republic Bank’s deposits added to jitters about the health of the banking sector. United Parcel Service Inc shares fell 9.8%, on track for their biggest one-day drop in more than eight years after the courier company […]

By Lisa Pauline Mattackal (Reuters) – What do you get when you cross cryptocurrencies with artificial intelligence? A seemingly sentient bitcoin that codes itself in the style of Japanese haikus? Alas not, though you do get billions of dollars of trading in a new class of crypto tokens. The machine mania sweeping the tech world amid the launches of bots like ChatGPT and Bard has reached the cryptoverse, with interest […]

By Arathy Somasekhar HOUSTON (Reuters) -Oil dropped 2% on Tuesday after two sessions of gains as deepening concerns of an economic slowdown and a stronger dollar outweighed hopes of higher Chinese demand and lower U.S. crude stocks. Brent crude fell by $1.96, or 2.4%, to settle at $80.77 a barrel. U.S. West Texas Intermediate crude dropped $1.69, or 2.2%, to settle at $77.07. On Monday, both contracts rose by more […]

By Foo Yun Chee BRUSSELS (Reuters) -EU draft rules aimed at staving off spats over patents essential to key technologies for telecoms equipment and connected cars appear to put the onus and cost on patent owners, which could undermine Europe’s leadership in such areas, Nokia said. The comments from the Finnish telecoms equipment maker, whose standard essential patents (SEPs) generate about 1.5 billion euros ($1.7 billion) in revenues and account […]

By Deborah Mary Sophia (Reuters) – Mattel Inc and Hasbro Inc are expected to issue downbeat outlook for 2023 when they report quarterly results this week, as the U.S. toy industry is set to moderate after a pandemic-driven boom. With surging toy prices, both companies had signaled a bounce-back in the second half of this year. However, analysts are concerned about the pace of recovery as consumers are expected to […]

By Tatiana Bautzer NEW YORK (Reuters) -Citigroup Inc’s chairman John Dugan defended the company’s efforts to fix its regulatory problems and bolster its stock at the bank’s annual meeting on Tuesday. “We completely understand” shareholders’ frustration with the share price, he said, after fielding several questions from shareholders on the topic. Investor dissatisfaction is likely to persist for some time, said Mike Mayo, an analyst at Wells Fargo who attended […]