Town Hall News

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve emergency lending to banks, which hit record levels last week, remained high in the latest week, amid continued large scale extensions of credit to the financial system, which now includes official foreign borrowing. The Fed reported that discount window borrowing, its main source of emergency credit to depository institutions, ticked down to $110.2 billion as of Wednesday, from the $152.9 billion […]

SEOUL (Reuters) -North Korean state news agency KCNA said on Friday it tested a new nuclear underwater attack drone under leader Kim Jong Un’s guidance this week, as a U.S. amphibious assault ship arrived in South Korea for joint drills. The North’s state news agency also confirmed it fired cruise missiles during the weapon test and firing drill that took place from Tuesday to Thursday. During the drill, the North […]

(Reuters) – Americans Jessica Pegula and Coco Gauff secured straight-sets victories over Canadians on Thursday to book their spots in the third round of the Miami Open. Third seed Pegula beat qualifier Katherine Sebov 6-3 6-1 and will next face fellow American Danielle Collins while sixth seed Gauff eased past Rebecca Marino 6-4 6-3 to set up a battle with Russia’s Anastasia Potapova. Pegula, a semi-finalist last year in Miami […]

NAPLES, Italy (Reuters) -Harry Kane became England’s record international goalscorer as his side began their Euro 2024 qualifying campaign by beating reigning champions Italy 2-1 in Group C on Thursday. England’s skipper struck a penalty past Italy keeper Gianluigi Donnarumma shortly before halftime to make it 2-0 after Declan Rice opened the scoring after 13 minutes. Debutant Mateo Retegui halved the deficit in the 56th minute as the hosts dominated […]

By Jonathan Stempel NEW YORK (Reuters) – A key prosecution witness whose testimony helped convict Theranos founder Elizabeth Holmes of fraud sued Walt Disney Co on Thursday over a recent Hulu miniseries that he says defamed him by portraying him as corrupt. Adam Rosendorff, a former Theranos lab director, objected in a New York state court filing to a fictional character who held the same job in “The Dropout,” which […]

WASHINGTON (Reuters) – Treasury Secretary Janet Yellen said on Thursday the U.S. Federal Deposit Insurance Corporation’s (FDIC) estimation of a $2.5 billion loss related to Signature Bank was not a final determination. New York-based Signature Bank closed earlier this month, days after the failure of Silicon Valley Bank, throwing the stock market into a turmoil and the banking system into a crisis. (Reporting by Kanishka Singh in Washington; Editing by […]

By Allison Lampert and Abhijith Ganapavaram MONTREAL (Reuters) -Business jet maker Bombardier Inc on Thursday raised 2025 revenue and free cash targets at its investor day and said it would produce more planes, despite broader economic headwinds. Corporate jet makers have reported swelling order backlogs on persistent strong demand for private flying in the U.S. But flatter global traffic, supply chain snags and the possibility of a recession remain concerns. […]

By Jeff Mason and Nandita Bose WASHINGTON (Reuters) -U.S. Vice President Kamala Harris may not have won over America in her first two years in office, but she is staying put at President Joe Biden’s side. The first woman vice president is gearing up for another national campaign despite low poll ratings, a failure to win over the Washington establishment and concern among fellow Democrats about an underwhelming start in […]

By Lori Ewing (Reuters) -A group saying they represent more than 50 current and former Canadian fencers have joined a growing call for a Canadian judicial inquiry on maltreatment in sport, saying fear of retribution has kept them silent for nearly 20 years on what they called fencing’s toxic culture and abusive practices. “Unfortunately, we have been united by our shared experiences of abuse, neglect and discrimination,” the group, calling […]