Town Hall News

NEW YORK (Reuters) – Republican U.S. Representative Jim Jordan on Monday urged a court to let his probe into the criminal prosecution of former U.S. President Donald Trump proceed, arguing its subpoena of an ex-prosecutor was needed as part of a possible review of legislation. The office of Manhattan District Attorney Alvin Bragg, which brought the charges against Trump, last week sued Jordan to try to block a subpoena of […]

By Sruthi Shankar and Ankika Biswas (Reuters) – Wall Street’s main indexes were little changed on Monday as investors awaited more bank earnings and views from Federal Reserve policymakers that could provide cues on when the central bank will pause its monetary tightening. Wall Street closed lower on Friday after mixed economic data appeared to affirm another Fed rate hike in May, dampening investor enthusiasm after a series of big […]

By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Monday declined to hear a bid by General Motors Co to revive its racketeering lawsuit against rival automaker Fiat Chrysler Automobiles (FCA), now part of Stellantis NV, over bribery allegations involving the United Auto Workers union. The justices turned away an appeal by General Motors of a lower court’s dismissal of its lawsuit that accused Fiat Chrysler of bribing employee […]

WASHINGTON (Reuters) – Confidence among U.S. single-family homebuilders improved for a fourth straight month in April as a dearth of previously owned homes and falling mortgage rates boost demand for new houses, but a shortage of building materials remains a challenge. The National Association of Home Builders/Wells Fargo Housing Market index edged up one point to 45 this month. A reading below 50 indicates that more builders view conditions as […]

LAGOS (Reuters) – Nigeria’s food and drug regulator has granted provisional approval to Oxford University’s R21 malaria vaccine, it said on Monday, following a similar announcement by Ghana last week. The approval is unusual as it comes before the publication of final-stage trial data for the vaccine, which aims to curb the mosquito-borne disease that kills more than 600,000 people each year, most of them African babies and children. “A […]

(Reuters) -Alphabet Inc shares fell nearly 4% on Monday after a report that South Korea’s Samsung Electronics was considering replacing Google with Microsoft-owned Bing as the default search engine on its devices. The report, published by the New York Times over the weekend, underscores the growing challenges Google’s $162-billion-a-year search engine business face from Bing – a minor player that has risen in prominence recently after the integration of the […]

By Nelson Acosta HAVANA (Reuters) – Cuban President Miguel Diaz-Canel is widely expected to be chosen this week by assembly lawmakers to lead the country for another five years, despite a rocky first term marked by the coronavirus pandemic and a near-unprecedented economic crisis. Diaz-Canel, 62, heads the Communist Party, to which all 470-members of the legislature elected by Cubans last month either belong or are sympathetic to. Cuba argues […]

ROME (Reuters) -Almost 2 tonnes of cocaine with a market value of more than 400 million euros ($440 million) were found floating at sea off eastern Sicily, in what Italy’s tax and customs police on Monday called a record seizure. The drugs were stored in about 70 waterproof packages, carefully sealed, held together by fishermen’s nets and equipped with a luminous signalling device, the Guardia di Finanza said in a […]

By Stephen Nellis (Reuters) – Adobe Inc on Monday said it plans to introduce new artificial intelligence (AI) features into its video editing software used by the film and television industries. The tools will let video editors do things like change the lighting in a shot from midday to sunset or generate background music just by typing in a few words of text to tell the system what to do. […]