Town Hall News

By Akash Sriram (Reuters) – Shares of Rivian Automotive Inc rose 11% on Wednesday as its positive earnings stood out in a poor quarter for electric-vehicle startups, but analysts warned that stiff competition will be a hurdle in its path to profitability. The company looked set to add about $1.4 billion to its market valuation after the EV maker reiterated its annual production forecast and beat quarterly revenue estimates. The […]

By Akash Sriram (Reuters) – Shares of Rivian Automotive Inc rose 11% on Wednesday as its positive earnings stood out in a poor quarter for electric-vehicle startups, but analysts warned that stiff competition will be a hurdle in its path to profitability. The company looked set to add about $1.4 billion to its market valuation after the EV maker reiterated its annual production forecast and beat quarterly revenue estimates. The […]

WASHINGTON (AP) — Consumer prices in the United States accelerated in April after months of declines, with measures of underlying inflation suggesting that rising costs could persist for months to come. Prices rose 0.4% from March to April, the government said Wednesday, up from 0.1% from February to March. Compared with a year earlier, prices climbed 4.9%, down just slightly from March’s year-over-year increase. The nation’s inflation rate has steadily […]

Will EU Snubbing of Ben-Gvir Shake Coalition Stability? One analyst says no, but protest organizers say the cracks are beginning to show By Nicole Jansezian/The Media Line The European Union’s snubbing of Israeli National Security Minister Itamar Ben-Gvir was a diplomatic embarrassment for the Jewish state and comes amid tensions in the ruling coalition and an escalating security situation threatening the stability of the government. On Monday, the EU delegation […]

ROME (Reuters) – Italian police on Wednesday arrested 29 people on charges of belonging to a criminal group smuggling migrants by boat from Turkey and Greece, a statement said. Italy is struggling with a sharp rise in arrivals of sea migrants, with over 45,000 coming ashore so far in 2023 against about 12,000 in the same period last year, with numbers growing especially from north Africa. Boats are also increasingly […]

By Timothy Gardner WASHINGTON (Reuters) – Private U.S. nuclear fusion company Helion Energy will provide Microsoft with electricity in about five years, the companies said on Wednesday, in the first such deal for the power source that fuels the sun but has been elusive on Earth. Government labs and more than 30 companies are racing to generate power from fusion, which could one day help the world slash emissions linked […]

LONDON (Reuters) – Seville will host the 2023 Billie Jean King Cup Finals, the International Tennis Federation announced on Wednesday. The showpiece women’s team event, featuring 12 nations, will take place from Nov. 7-12. It is the first time since 2008 that Spain has hosted the finals of the competition, known until 2020 as the Fed Cup. Last season’s winners Switzerland will be joined by runners-up Australia and wildcard pick […]

By Kirsty Needham SYDNEY (Reuters) – Papua New Guinea has witnessed an online backlash over the cost to taxpayers of around 30 officials travelling to London for the coronation of King Charles, with the governor general’s office denying media reports the bill was close $1 million. Media and online news sites in PNG, a Pacific island member of the Commonwealth, have been running hot with insults and criticism of the […]

NEW YORK (Reuters) – U.S. consumer prices increased in April on higher gasoline costs and rents, while underlying inflation remained strong as used motor vehicle prices rebounded, potentially ensuring that the Federal Reserve keeps interest rates elevated for a while. The Consumer Price Index (CPI) rose 0.4% last month after gaining 0.1% in March, the Labor Department said on Wednesday. In the 12 months through April, the CPI increased 4.9% […]