Town Hall News

By David Shepardson WASHINGTON (Reuters) – U.S. House Speaker Kevin McCarthy thinks lawmakers will pass bipartisan legislation to address national security worries about Chinese-owned short video app TikTok, he said on Friday, and called the testimony of the company’s CEO “very concerning.” TikTok CEO Shou Zi Chew appeared before a U.S. House Committee for about five hours on Thursday and lawmakers from both parties grilled him about national security and […]

By Naomi Rovnick and Koh Gui Qing LONDON/NEW YORK (Reuters) -Global stock markets swooned on Friday as fears about contagion among banks hobbled shares in lenders such as Deutsche Bank, with the flight from risk shoring up the dollar and driving bond yields lower. Market sentiment was hurt by a sell-off in the shares of Deutsche, which tumbled as much as 15% at one point, as its credit default swaps, […]

By Valentina Za and Francesco Canepa MILAN (Reuters) -UniCredit is leaning towards repaying a perpetual bond at the earliest opportunity in June, a source close to the matter told Reuters, a move that would show it has ample capital and help keep funding costs in check as markets reel from a crisis of confidence. UniCredit in recent weeks put in a request with European Central Bank supervisors to repay a […]

By Andrea Shalal and Ted Hesson OTTAWA (Reuters) – U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau kicked off meetings in Ottawa on Friday after making a deal aimed at stopping asylum seekers from traversing the shared U.S.-Canada land border via unofficial crossings. They are expected to discuss migration, the worsening security and humanitarian situation in Haiti, the war in Ukraine, trade and fighting climate change, officials said. […]

By Saeed Azhar and Matt Tracy NEW YORK (Reuters) – Small U.S. lenders that have outsized exposure to office loans could become the next group to face strains after bank failures roiled financial markets this month, according to analysts. Rising interest rates, a slowdown in the commercial real estate (CRE) market and the proliferation of remote work pose challenges for smaller firms that made risky loans to finance office buildings, […]

MUNICH, Germany (Reuters) – Bayern Munich parted ways with coach Julian Nagelsmann on Friday and appointed former Chelsea manager Thomas Tuchel as his successor, with the German champions in second place in the Bundesliga. Nagelsmann had taken over in 2021 and led them to their 10th straight German league crown but failed to advance deep in Europe last season. His surprise departure comes as Bayern prepare to face league leaders […]

By Andrea Shalal and Ted Hesson OTTAWA (Reuters) – U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau kicked off meetings in Ottawa on Friday after making a deal aimed at stopping asylum seekers from traversing the shared U.S.-Canada land border via unofficial crossings. They are expected to discuss migration, the worsening security and humanitarian situation in Haiti, the war in Ukraine, trade and fighting climate change, officials said. […]

By Danielle Broadway and Rollo Ross LOS ANGELES (Reuters) – When Cassidy Jacobson was 13 years old, she posted a video of herself dancing on the popular app TikTok. Little did she know then that six years later her Casssidy_J account would have 1.5 million followers on the short-form video platform with fans drawn to her love of dance and hair care. Jacobson dreams of using her success on TikTok […]

(Reuters) – Global banks are staring at the biggest crisis since 2008 after two U.S. lenders collapsed, Switzerland’s Credit Suisse sought a government lifeline and America’s top banks agreed to offer a $30 billion rescue deal – all in the space of 10 days. The turmoil has ratcheted up fears of a contagion and prompted action from the U.S. Federal Reserve, U.S. Treasury and the private sector, but it remains […]