Town Hall News

By Jason Lange WASHINGTON (Reuters) – About half of Americans believe a New York investigation into whether Donald Trump paid hush money to a porn star is politically motivated, but a large majority find the allegations believable, a Reuters/Ipsos opinion poll found. The two-day poll, concluded on Tuesday, found 54% of respondents – including 80% of the former president’s fellow Republicans and 32% of Democrats – said politics was driving […]

By Koh Gui Qing NEW YORK (Reuters) -Global shares leapt on Tuesday after the rescue of Credit Suisse stemmed a rout in equities and whetted risk appetite, although financial system uncertainties limited buying as investors awaited the outcome of a Federal Reserve meeting. The Fed began a two-day meeting earlier on Tuesday and, after a wild few sessions, investors are divided about whether the central bank will raise interest rates […]

By Hannah Lang and Pete Schroeder (Reuters) – In the United States and many other countries, the government guarantees a certain amount of each customer’s deposits in the event of a bank failure, to protect both consumers and the broader financial system. With the collapse of Silicon Valley Bank and Signature Bank and the U.S. government backstopping all deposits at those firms, here is the state of play of deposit […]

By Jody Godoy (Reuters) – A federal judge has ruled that shareholders suing chip maker Qualcomm Inc for allegedly hiding anticompetitive sales and licensing practices may bring their claims as a class action. The lawsuit filed in San Diego, California, alleges Qualcomm and its executives repeatedly described its businesses of selling chips and licensing its technology to other companies as separate, when in fact the company bundled them in a […]

By Moira Warburton WASHINGTON (Reuters) – The U.S. Senate Banking Committee will hold the first of several hearings on the collapse of Silicon Valley Bank and Signature Bank on March 28, Democratic Chairman Sherrod Brown said on Tuesday. The first hearing will hear from witnesses including Federal Deposit Insurance Corporation Chair Martin Gruenberg, Federal Reserve official Michael Barr, and Nellie Liang, an under secretary at the U.S. Treasury Department, according […]

By Jonathan Stempel (Reuters) – A new lawsuit accuses Mark Zuckerberg and other Meta Platforms Inc executives and directors of failing to do enough to stop sex trafficking and child sexual exploitation on Facebook and Instagram. The complaint made public late Monday by several pension and investment funds that own Meta stock said Meta’s leadership and board have failed to protect the company’s and shareholders’ interests by turning a blind […]

By Stephen Culp NEW YORK (Reuters) – Wall Street closed sharply higher on Tuesday as widespread fears over liquidity in the banking sector abated and market participants eyed the Federal Reserve, which is expected to conclude its two-day policy meeting on Wednesday with a 25 basis-point hike to its policy rate. All three major U.S. stock indexes were bright green as the session closed, with smallcaps, energy and financials enjoying […]

PARIS (Reuters) – France’s parliament voted in favour of the government’s nuclear investment plan with a large majority on Tuesday, a day after the government narrowly survived a no-confidence vote over its pension reform plan. The nuclear renewal plan, whose key plank is the planned construction of six new nuclear reactors, was approved with 402 votes in favour and 130 against. On Monday, 278 lawmakers backed an opposition-led no-confidence motion, […]

(Reuters) – First Republic Bank, the beleaguered U.S. regional lender, is looking at ways to downsize if its attempts to raise new capital fail, sources said, while U.S. bank CEOs met in Washington after the collapse of three lenders stunned markets. First Republic is examining how it can sell parts of its business, including some of its loan book, in a bid to raise cash and cut costs, one source […]