PALO ALTO, California (Reuters) – Richmond Federal Reserve Bank President Thomas Barkin said on Friday that he does not understand the case for pausing interest rates now, although delivering rate increases in smaller increments means that if the Fed does end up going too far it won’t have gone much too far. Rates are currently …
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(Reuters) – Environmental and climate activists are rallying online against ConocoPhillips’ proposed Willow oil and gas drilling project in Alaska as the administration of U.S. President Joe Biden weighs whether to greenlight the controversial plan. A petition on Change.org opposing the project has gathered over 2 million signatures, while the hashtag #StopWillow has been trending …
Factbox-Willow oil and gas project in Alaska sparks green opposition Read More »
By Nathan Layne (Reuters) -Richard “Alex” Murdaugh, the disgraced lawyer and member of a powerful South Carolina family, was sentenced to life on Friday for killing his wife and son in what prosecutors said was an attempt to hide his drug addiction and theft of millions of dollars. Murdaugh, 54, was found guilty on Thursday …
South Carolina attorney Murdaugh sentenced to life for murdering wife and son Read More »
PALO ALTO, California (Reuters) – The U.S. central bank will need further, deliberate interest rate hikes to bring inflation back down to its 2% goal, Richmond Federal Reserve Bank President Thomas Barkin said on Friday, noting that while inflation has likely peaked, it may not recede quickly. “I think it will take time to return …
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By Jonathan Stempel (Reuters) -Airline passengers who have long felt squished in cramped seats suffered a setback on Friday as a U.S. appeals court refused to order the Federal Aviation Administration (FAA) to adopt minimum requirements for seat size and spacing. The D.C. Circuit Court of Appeals said an advocacy group, FlyersRights.org, had no right …
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By Suzanne Smalley (Reuters) – The Biden administration announced on Friday a new plan to improve the digital defenses of public water systems. The move comes one day after the announcement of a national cybersecurity strategy by the White House, which seeks to broadly improve industry accountability over the cybersecurity of American critical infrastructure, such …
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WARSAW (Reuters) – An opposition-linked Polish mayor had his phone hacked using Pegasus spyware, Gazeta Wyborcza daily reported on Friday, amid allegations that the country’s special services have used the technology against government opponents. Reports in 2021 by the Associated Press that the software, developed by Israel-based NSO Group was used to hack the phones …
WASHINGTON (Reuters) – The White House said on Friday that it was “dangerous and unacceptable” for elected officials to target women’s access to federally approved medication abortion pills. Walgreens announced on Thursday it would not dispense abortion pills in the 20 states where attorneys general have told the pharmacy chain it risked breaking the law …
(Reuters) – The Federal Reserve should consider how to most efficiently support financial markets in times of strained liquidity using information it has gleaned from its interventions at the onset of the COVID-19 pandemic, Fed Governor Michelle Bowman said on Friday. The U.S. central bank should explore how “to minimize the Fed’s footprint and amount …
Fed should look at how to efficiently support markets in times of stress -Bowman Read More »
By Michael S. Derby NEW YORK (Reuters) -Dallas Federal Reserve President Lorie Logan said on Friday the U.S. government bond market remains vulnerable to significant shocks that could cause broader damage, adding that government authorities must push ahead with efforts to shore up the financial system. “The U.S. financial system has become increasingly vulnerable to …
U.S. financial system vulnerable to bond market stress, Fed’s Logan says Read More »
