Town Hall News

(Reuters) -Economists at Goldman Sachs no longer expect the U.S. Federal Reserve to raise interest rates in June, according to a research note published on Wednesday following data that showed consumer prices cooled faster than expected in March. Goldman Sachs had previously expected consecutive rate hikes at the Fed’s May and June meetings. Economists led by Jan Hatzius said in the research note they still expect a rate hike in […]

WASHINGTON (Reuters) – The Republican-led U.S. House of Representatives Judiciary Committee has subpoenaed the Federal Trade Commission’s chair for documents related to the regulatory agency’s privacy probe of Twitter, the panel said on Wednesday. In its statement, the committee said that Chairman Jim Jordan and others asked Chair Lina Khan about its probe of Twitter following its acquisition by Elon Musk. The committee said that Khan did not adequately respond to them or […]

By Mike Scarcella (Reuters) – A U.S. judge on Tuesday approved a $75 million settlement between Smithfield Foods Inc and a class of consumers who accused the pork producer of conspiring to restrict supply in order to keep prices artificially high. U.S. District Judge John Tunheim in Minneapolis called the resolution “fair, reasonable, and adequate” in his order approving the deal. “The settlement class members’ positive reaction supports final approval,” […]

WASHINGTON (Reuters) – The Republican-led U.S. House of Representatives Judiciary Committee has subpoenaed the Federal Trade Commission’s chair for documents related to the regulatory agency’s privacy probe of Twitter, the panel said on Wednesday. In its statement, the committee said that Chairman Jim Jordan and others asked Chair Lina Khan about its probe of Twitter following its acquisition by Elon Musk. The committee said that Khan did not adequately respond to them or […]

WASHINGTON (Reuters) – The Republican-led U.S. House of Representatives Judiciary Committee has subpoenaed the Federal Trade Commission’s chair for documents related to the regulatory agency’s privacy probe of Twitter, the panel said on Wednesday. In its statement, the committee said that Chairman Jim Jordan and others asked Chair Lina Khan about its probe of Twitter following its acquisition by Elon Musk. The committee said that Khan did not adequately respond to them or […]

By Joseph Ax (Reuters) – New York City’s unending war on rats has a new commanding general. Mayor Eric Adams on Wednesday announced that Kathleen Corradi, an education department employee, has been appointed New York’s first-ever “rat czar,” part of Adams’ effort to combat a growing rodent population in the county’s most populous city. “You’ll be seeing a lot of me – and a lot less rats,” Corradi, whose official […]

By Joseph Ax (Reuters) – New York City’s unending war on rats has a new commanding general. Mayor Eric Adams on Wednesday announced that Kathleen Corradi, an education department employee, has been appointed New York’s first-ever “rat czar,” part of Adams’ effort to combat a growing rodent population in the county’s most populous city. “You’ll be seeing a lot of me – and a lot less rats,” Corradi, whose official […]

By Michael Holden and Sachin Ravikumar LONDON (Reuters) -Britain’s Prince Harry will attend the Coronation next month of his father King Charles but without his wife Meghan, the couple said on Wednesday, bringing an end to months of speculation about whether they would go. Charles will be crowned in a ceremony that dates back 1,000 years, surrounded by foreign heads of state and dignitaries. But the participation of his youngest […]

(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Wednesday said that while U.S. economic strength, labor market tightness, and too high-inflation suggest there is “more work to do” on Fed rate hikes, other factors including tighter credit conditions could argue for a pause. “Looking ahead, there are good reasons to think that policy may have to tighten more to bring inflation down,” she said in remarks prepared […]