Town Hall News

By Brendan O’Brien and Jarrett Renshaw CHICAGO (Reuters) -U.S. President Joe Biden and his party selected Chicago to host the 2024 Democratic National Convention, tapping a large liberal city in the heart of the Midwest to hold its nominating party, the Democratic National Committee announced on Tuesday. Chicago beat out New York, another progressive city, as well as Atlanta, a city in the presidential battleground state of Georgia that helped […]

By Nathan Gomes (Reuters) -CarMax Inc on Tuesday posted fourth-quarter profit above analysts’ estimates as cost cutting measures helped the pre-owned car retailer soften the blow from a slowdown in demand for vehicles. Shares of the Richmond, Virginia-based company rose over 9% at $71.81 in morning trade.    CarMax had in December implemented a series of measures to help cut costs, such as slowing down on acquiring cars for its […]

By Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said she remained vigilant to downside risks facing the global economy, given the negative economic consequences of Russia’s war against Ukraine and recent pressures on banking systems in the United States and elsewhere. In remarks prepared for a news conference, Yellen said the global economy was in a better place than projected last fall, with energy and food prices having […]

By David Lawder WASHINGTON (Reuters) – The International Monetary Fund on Tuesday trimmed its 2023 global growth outlook slightly as higher interest rates cool activity but warned that a severe flare-up of financial system turmoil could slash output to near recessionary levels. The IMF said in its latest World Economic Outlook report that banking system contagion risks were contained by strong policy actions after the failures of two U.S. regional […]

By Nathan Gomes (Reuters) -CarMax Inc on Tuesday posted fourth-quarter profit above analysts’ estimates as cost cutting measures helped the pre-owned car retailer soften the blow from a slowdown in demand for vehicles. Shares of the Richmond, Virginia-based company rose over 9% at $71.81 in morning trade.    CarMax had in December implemented a series of measures to help cut costs, such as slowing down on acquiring cars for its […]

By David Shepardson and Diane Bartz WASHINGTON (Reuters) – The Biden administration said Tuesday it is seeking public comments on potential accountability measures for artificial intelligence (AI) systems as questions loom about its impact on national security and education. ChatGPT, an AI program that recently grabbed the public’s attention for its ability to write answers quickly to a wide range of queries, in particular has attracted U.S. lawmakers’ attention as […]

JAKARTA (Reuters) – The rematch of an Indonesian soccer game that ended in one of the world’s worst stadium stampedes last year began on Tuesday night with no spectators present, officials said. Fierce rivals Persebaya and Arema FC last met in October 2022, when their match ended in a crush in which 135 people were killed. Many died as they fled for the exits after police fired tear gas into […]

(Reuters) -The prospect of the Federal Reserve raising its benchmark interest rate only once more and in a 25 basis point increment is a useful starting point but the central bank’s policy path will depend on incoming data, New York Fed President John Williams said on Tuesday. “That’s a reasonable starting place. I mean, that’s the median we saw from my colleagues,” Williams said in an interview on Yahoo Finance, […]

(Reuters) – France’s antitrust regulator is expected to go ahead soon with an investigation into Apple Inc over complaints tied to changes that the iPhone maker made in 2021 to its app tracking policies, news website Axios reported on Tuesday. French regulators are in favor of issuing a formal “Statement of Objections” to parties involved in the matter in coming weeks, the report said. Apple and France’s antitrust regulator did […]