Town Hall News

By Chris Prentice and Trevor Hunnicutt NEW YORK (Reuters) – U.S. federal and state officials are assessing the possibility of “market manipulation” behind big moves in banking share prices in recent days, a source familiar with the matter said on Thursday, as the White House vowed to monitor “short-selling pressures on healthy banks.” Shares of regional banks resumed their slide this week after the collapse of First Republic Bank, the […]

By Chris Prentice and Trevor Hunnicutt NEW YORK (Reuters) -U.S. federal and state officials are assessing the possibility of “market manipulation” behind big moves in banking share prices in recent days, a source familiar with the matter said on Thursday, as the White House vowed to monitor “short-selling pressures on healthy banks.” Shares of regional banks resumed their slide this week after the collapse of First Republic Bank, the third […]

By Antonio Denti NAPLES (Reuters) -The southern Italian city of Naples exploded into what was shaping up to be a long night of celebrations on Thursday as local team Napoli secured their first Serie A soccer title in more than three decades, sweeping away years of disappointment. Argentine hero Diego Maradona inspired Napoli to its second and last triumph in 1990, but since then, the coveted Scudetto has been won […]

By Nandita Bose and David Shepardson WASHINGTON (Reuters) -President Joe Biden met with CEOs of top artificial intelligence companies including Microsoft and Alphabet’s Google on Thursday and made clear they must ensure their products are safe before they are deployed. Generative artificial intelligence has become a buzzword this year, with apps such as ChatGPT capturing the public’s fancy, sparking a rush among companies to launch similar products they believe will […]

By Andrew Goudsward (Reuters) – A Jeffrey Epstein accuser suing JPMorgan Chase & Co for allegedly aiding the late financier’s sex trafficking of girls and women asked a judge to disqualify the bank’s law firm on Thursday, arguing it has a conflict of interest. Lawyers for the woman, who claims she was a victim of Epstein and is not named in court papers, said the judge should bar law firm […]

BRIGHTON, England (Reuters) -Brighton & Hove Albion midfielder Alexis MacAllister fired the winner from the penalty spot deep into stoppage time to snatch a 1-0 win for his side over Manchester United in a pulsating Premier League clash on Thursday. The defeat leaves Erik ten Hag’s side in fourth place on 63 points, four ahead of fifth-placed Liverpool but with a game in hand over their Merseyside rivals, while Brighton […]

By Hannah Lang (Reuters) -Block Inc posted a rise in first-quarter revenue on Thursday as its popular payments platform Cash App continued to drive growth, a metric investors will watch closely following U.S. short-seller Hindenburg Research’s disclosure in March of short positions in the firm. Shares of Block, formerly called Square, were up more than 1% in extended trading on Thursday, paring gains after rising more than 4%. Prior to […]

SAO PAULO (Reuters) – Heineken NV, the world’s second-largest brewer, said on Thursday it will invest 1.5 billion reais ($300.8 million) in Brazil as part of an expansion plan for its premium and single malt beer portfolios. Brazilian beer drinkers are among the world’s biggest consumers of Heineken, according to the company. The planned investment aims to boost the brewer’s production capacity for its Amstel, Devassa and namesake Heineken brands, […]

By Nandita Bose and David Shepardson WASHINGTON (Reuters) -President Joe Biden met with CEOs of top artificial intelligence companies including Microsoft and Alphabet’s Google on Thursday and made clear they must ensure their products are safe before they are deployed. Generative artificial intelligence has become a buzzword this year, with apps such as ChatGPT capturing the public’s fancy, sparking a rush among companies to launch similar products they believe will […]