Town Hall News

By Karen Freifeld and Rich McKay NEW YORK/PALM BEACH, Florida (Reuters) -Former U.S. President Donald Trump flew into New York City on his private plane on Monday to face charges stemming from a probe into hush money paid to a porn star, while his lawyers argued against letting cameras in the courtroom. With New York taking security precautions and the mayor telling potential rabble-rousers to behave, Trump was due to […]

By Noel Randewich and Ankika Biswas (Reuters) – The S&P 500 ended higher on Monday, lifted by energy stocks following surprise cuts to the OPEC+ group’s oil output targets, while Tesla tumbled after its electric vehicle deliveries for the first quarter disappointed investors. Tesla Inc dropped after disclosing March-quarter deliveries rose just 4% from the previous quarter, even after CEO Elon Musk slashed car prices in January to boost demand. […]

By Ted Hesson and Michael Martina WASHINGTON (Reuters) – A top U.S. law enforcement official on Wednesday said he sees no link between a rise in Chinese migrants crossing the U.S.-Mexico border and illicit fentanyl entering the United States, in response to questioning by a Republican lawmaker. Steven Cagen, an assistant director with the investigative arm of U.S. Immigration and Customs Enforcement, said during a congressional hearing that his agency […]

By Shariq Khan BENGALURU (Reuters) – Oil benchmarks jumped 6% on Monday, the day after the OPEC+ group jolted markets with plans to cut more production, raising fears of tightening supplies while some warned of reduced demand if oil refiners flinch at paying higher prices for crude. Brent crude settled higher by $5.04, or 6.3%, at $84.93 a barrel, after touching its highest since March 7 at $86.44. West Texas […]

By Shariq Khan BENGALURU (Reuters) – Oil prices jumped by more than 6% on Monday, headed for its biggest daily rise in nearly a year after OPEC+ jolted markets with plans to cut more production. Brent crude was up $4.91, or 6.2%, at $84.80 a barrel by 1 p.m. EDT (1700 GMT) after touching its highest since March 7 at $86.44. West Texas Intermediate crude U.S. was up $4.83, or […]

LONDON (Reuters) – OPEC and its allies, including Russia, agreed on Sunday to widen crude oil production cuts to 3.66 million barrels per day (bpd) or 3.7% of global demand. The surprise announcement helped push up prices by $5 per barrel to above $85 per barrel. Here are the main reasons why OPEC+ is cutting output: CONCERNS ABOUT WEAK GLOBAL DEMAND Saudi Arabia has said voluntary output cuts of 1.66 […]

By Tiyashi Datta, Anirban Sen and Dawn Chmielewski (Reuters) – World Wrestling Entertainment Inc will combine with Endeavor Group-owned mixed martial arts franchise UFC to form a new, publicly listed entertainment giant valued at about $21 billion, the companies said on Monday. The deal unites two of the biggest names in wrestling and entertainment and caps a months-long sale process for WWE, overseen by its co-founder and executive chairman Vince […]

By Lucia Mutikani, Jonathan Cable and Leika Kihara WASHINGTON/LONDON/TOKYO (Reuters) -Global factory activity weakened in March as consumers feeling the pinch from rising living costs cut back, surveys showed on Monday, suggesting a deteriorating outlook will remain a drag on economic recoveries and keep policymakers on their toes. U.S. manufacturing activity slumped to the lowest level in nearly three years as new orders continued to contract, a survey by the […]

By Ted Hesson and Michael Martina WASHINGTON (Reuters) – A top U.S. law enforcement official on Wednesday said he sees no link between a rise in Chinese migrants crossing the U.S.-Mexico border and illicit fentanyl entering the United States, in response to questioning by a Republican lawmaker. Steven Cagen, an assistant director with the investigative arm of U.S. Immigration and Customs Enforcement, said during a congressional hearing that his agency […]