Town Hall News

By Herbert Lash NEW YORK (Reuters) – Treasury yields fell and a gauge of global stocks eased on Wednesday after the market was rattled by minutes from the Federal Reserve’s last policy meeting that indicated banking sector stress could tip the economy into a recession. Fed staff assessing the potential fallout of banking stress projected a “mild recession” later this year. But the minutes showed policymakers ultimately agreed to higher […]

By Blake Brittain (Reuters) – Ouster Inc, a San Francisco-based provider of lidar light sensors used in fields like autonomous vehicles, defense and robotics, sued Chinese rival Hesai Group on Tuesday for patent infringement in Delaware federal court and at the U.S. International Trade Commission. Lidar technology is used for 3D mapping, navigation and object detection in various high-tech industries. Ouster’s complaints said Hesai incorporated its digital lidar technology into […]

By Luc Cohen (Reuters) -Donald Trump sued his ex-lawyer Michael Cohen on Wednesday seeking at least $500 million in damages, as the former U.S. president steps up attacks on his onetime loyal “fixer” after Cohen testified before the Manhattan grand jury that indicted Trump. In a complaint filed in federal court in Miami, Trump accused Cohen of failing to keep confidential attorney-client communications private and profiting by “spreading falsehoods” about […]

By Sarah N. Lynch WASHINGTON (Reuters) – A former leader of the far-right Proud Boys testified to a jury on Wednesday that he had no plan to attack the U.S. Capitol before he entered it with hundreds of Donald Trump supporters on Jan. 6, 2021, attempting to overturn his election defeat. Zachary Rehl, one of five Proud Boy members facing seditious conspiracy and other criminal charges for their role in […]

By Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Wednesday called for the World Bank to implement further reforms this year to expand its ability to help developing countries meet global challenges such as climate change. Yellen hosted talks with global finance officials to discuss an initial spate of balance sheet changes that will allow the World Bank to lend an additional $50 billion over 10 years while […]

By Riham Alkousaa, Andreas Rinke and Andrew Gray BERLIN (Reuters) – Germany’s foreign minister begins a visit to China on Thursday aiming to reassert a common European Union policy toward Beijing days after remarks by French President Emmanuel Macron suggested disarray in the continent’s approach to the rising superpower. Macron provoked a backlash in the United States and Europe when he called on the European Union to reduce dependence on […]

By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended lower on Wednesday after minutes from the Federal Reserve’s March policy meeting revealed concern among several members of the Federal Open Markets Committee (FOMC) regarding the regional bank liquidity crisis. The minutes followed a cooler-than-expected inflation report which belied stickier underlying data and cemented the likelihood of another policy rate hike when the Fed convenes next month. All three major […]

By Dawn Chmielewski -Warner Bros Discovery Inc on Wednesday announced it will launch on May 23 its long-awaited new streaming service, christened “Max”, which combines HBO Max’s scripted entertainment with Discovery’s reality shows. The service will seek to expand its reach beyond devotees of HBO’s acclaimed and edgy shows by incorporating more unscripted fare and children’s programming. “This is our time, this is our chance,” said Chief Executive David Zaslav […]

By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended lower on Wednesday after minutes from the Federal Reserve’s March policy meeting revealed concern among several members of the Federal Open Markets Committee (FOMC) regarding the regional bank liquidity crisis. The minutes followed a cooler-than-expected inflation report which belied stickier underlying data and cemented the likelihood of another policy rate hike when the Fed convenes next month. All three major […]