Town Hall News

(Reuters) – Citigroup raised its 2023 global economic growth forecast to 2.4%, from 2.2% expected earlier, and now expects the U.S. economy to tip into recession in the fourth quarter of the year. They had earlier expected a U.S. recession in the third quarter of 2023. (Reporting by Susan Mathew in Bengaluru; Editing by Savio D’Souza) Brought to you by www.srnnews.com

LONDON (Reuters) -Britain’s competition regulator said proposals from Alphabet Inc’s Google to give app developers the freedom to break away from Google Play’s billing system looked to be sufficient to address its concerns about in-app payments. Britain’s Competition and Markets Authority (CMA) said in June that Google’s complete control over in-app payments unfairly restricted developers by forcing them to use Google Play’s billing system, reducing competition and hurting users. The […]

By Jack Queen (Reuters) – Fox News on Tuesday disposed of one legal threat with its $787.5 million defamation settlement with Dominion Voting Systems, but the network still faces a $2.7 billion lawsuit from another voting technology company over its coverage of debunked election-rigging claims. Dominion accused Fox and its parent company Fox Corp of ruining its business by airing claims that its machines were used to rig the 2020 […]

By Luc Cohen NEW YORK (Reuters) – The Manhattan prosecutor who got Donald Trump indicted is set to face off in court on Wednesday against one of the former U.S. president’s staunchest Republican allies in Congress over a House committee’s probe of Trump’s criminal case. Manhattan District Attorney Alvin Bragg, a Democrat, last week sued Representative Jim Jordan to block a subpoena for testimony from Mark Pomerantz, a former prosecutor […]

By Jorge Garcia and Alan Devall (Reuters) – Watch out, Lionel Messi. ARTEMIS is here. Standing at 4 feet, 8 inches tall (142 centimeters) and weighing 85 pounds (38 kg), ARTEMIS is a first-of-its-kind robot that University of California Los Angeles (UCLA) mechanical engineers developed, and it is ready for the pitch. Using cutting edge technology, ARTEMIS, which stands for Advanced Robotic Technology for Enhanced Mobility and Improved Stability, can […]

By Luc Cohen NEW YORK (Reuters) – The Manhattan prosecutor who got Donald Trump indicted is set to face off in court on Wednesday against one of the former U.S. president’s staunchest Republican allies in Congress over a House committee’s probe of Trump’s criminal case. Manhattan District Attorney Alvin Bragg, a Democrat, last week sued Representative Jim Jordan to block a subpoena for testimony from Mark Pomerantz, a former prosecutor […]

By Jack Queen (Reuters) – Fox News on Tuesday disposed of one legal threat with its $787.5 million defamation settlement with Dominion Voting Systems, but the network still faces a $2.7 billion lawsuit from another voting technology company over its coverage of debunked election-rigging claims. Dominion accused Fox and its parent company Fox Corp of ruining its business by airing claims that its machines were used to rig the 2020 […]

By Rama Venkat BENGALURU (Reuters) -Indian pharmaceutical company Mankind Pharma Ltd is seeking a valuation of 432.64 billion rupees ($5.27 billion) at the upper end of a price band it set for its initial public offering (IPO) on Wednesday, making it the largest domestic stock launch so far this year. The company, which makes at-home pregnancy testing kit Prega News which have an 80% market share in the country, as […]

A look at the day ahead in U.S. and global markets from Mike Dolan For an investment world now so convinced of looming recession and substantially positioned for it, the incoming growth, inflation, banking and earnings pictures still won’t play ball. That leaves Wall St stocks in something of a sideways shuffle that has crushed implied volatility gauges such as the VIX to its lowest in 15 months. This has […]