Town Hall News

By Shreyashi Sanyal and Shristi Achar A (Reuters) – U.S. stock indexes were poised to open higher on Monday on optimism over a likely deal to raise the U.S. debt limit as a deadline edged closer, while investors looked ahead to comments from Federal Reserve policymakers through the week. President Joe Biden said over the weekend he expects to meet with congressional leaders on Tuesday and remained optimistic about agreeing […]

By David Lawder WASHINGTON (Reuters) – President Joe Biden’s administration and Republicans in the U.S. Congress are in talks to end their standoff over raising the $31.4 trillion debt ceiling, haggling over vastly different proposals that both claim to cut deficits by trillions of dollars. Democrat Biden’s full $6.8 trillion fiscal 2024 budget request doubles down on his economic agenda to shrink inequality, with pre-K, childcare and more healthcare. It […]

BERLIN (Reuters) – German Football Association (DFB) Vice President Hermann Winkler on Monday apologised for a social media post mocking the visit of Ukrainian President Volodymyr Zelenskiy to Berlin at the weekend. Zelenskiy had talks with German Chancellor Olaf Scholz on Sunday, with many parts of central Berlin locked down for security reasons during his visit. It formed part of a whirlwind weekend tour of several key European allies to […]

KYIV/LONDON (Reuters) – Ukraine on Monday hailed its first substantial battlefield advances for six months as President Volodymyr Zelenskiy won pledges of new long-range drones in Britain to add to a haul of Western arms for a counteroffensive against Russian invaders. Since last week, the Ukrainian military has started to push Russian forces back in and around the battlefield city of Bakhmut, its first significant offensive operations since its troops […]

(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee said on Monday that his decision to support an interest rate hike at the U.S. central bank’s most recent meeting in May was a “close call” as he weighed the impact of credit tightening from recent bank stresses. “The thing that made it a close call for me is this big question mark about what is going to be the impact […]

BERLIN (Reuters) – German Football Association (DFB) Vice President Hermann Winkler on Monday apologised for a social media post mocking the visit of Ukrainian President Volodymyr Zelenskiy to Berlin at the weekend. Zelenskiy had talks with German Chancellor Olaf Scholz on Sunday, with many parts of central Berlin locked down for security reasons during his visit. It formed part of a whirlwind weekend tour of several key European allies to […]

By Noah Browning LONDON (Reuters) -Oil prices edged up on Monday as the prospect of tightening supplies due to OPEC+ production cuts and a resumption in U.S. buying for reserves outweighed concerns about fuel demand in top global oil consumers the United States and China. Brent crude futures were up 36 cents or 0.5% to $74.53 a barrel at 1240 GMT, while U.S. West Texas Intermediate crude was at $70.41 […]

Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, said he does not expect any interest-rate cuts this year because he does not see inflation going down as fast as market participants believe, and if anything “we may have to go up”. There is still a long way to go to bring inflation down to the Fed’s 2% goal, Bostic told CNBC, though there has been progress. “If […]

By Burcu Karakas and Mehmet Emin Caliskan ISTANBUL (Reuters) – Opposition voters expressed dismay and disbelief on Monday after Tayyip Erdogan took a solid lead in the first round of Turkey’s election, while the president’s overjoyed supporters expressed confidence that he would prevail in the May 28 runoff. “Until now I have witnessed many elections. My 14-year-old daughter who waited up all night for the election results went to bed […]