By Howard Schneider and Lindsay Dunsmuir (Reuters) -Federal Reserve policymakers on Wednesday signaled they will push on with more interest rate hikes, with several supporting a top policy rate of at least 5% even as inflation shows signs of having peaked and economic activity is slowing. “I just think we need to keep going, and …
Fed policymakers call for further rate hikes to beat inflation Read More »
By Wayne Cole SYDNEY (Reuters) -Australia employment unexpectedly dipped in December following an outsized gain the month before in a sign the red-hot labour market might be cooling, though the jobless rate stayed near five-decade lows. Figures from the Australian Bureau of Statistics (ABS) on Thursday showed net employment fell 14,600 in December from November, …
Australia jobs take surprise dip in Dec, but unemployment stays low Read More »
By Jody Godoy SAN FRANCISCO (Reuters) -Tesla Inc CEO Elon Musk “lied” when he said that funding was “secured” to take the company private, a lawyer for Tesla investors said on Wednesday, as an attorney for Musk argued that the billionaire merely used the “wrong words” when he tweeted about his plans in 2018. Tesla …
Musk trial: lawyers clash over whether CEO lied in 2018 Tesla tweet Read More »
By Daniel Wiessner (Reuters) -A New York state Senate panel on Wednesday rejected Democratic Governor Kathy Hochul’s nominee to become the state’s chief judge after some lawmakers and advocacy groups expressed concerns he was too conservative for the job. The Democrat-led Senate Judiciary Committee voted 10-9 against sending the nomination of Hector LaSalle, the presiding …
N.Y. Governor Hochul’s pick for top judge rejected by Senate panel Read More »
By Nate Raymond (Reuters) – A former University of Kansas professor avoided prison on Wednesday for making a false statement related to work he was doing in China in the latest setback for a Trump-era U.S. Department of Justice crackdown on Chinese influence within American academia. Prosecutors had asked U.S. District Judge Julie Robinson in …
Kansas researcher avoids prison in blow to Trump-era China-related probe Read More »
By Gabriella Borter (Reuters) – Mayors from across the United States gathered in Washington for their annual winter conference this week to tackle major issues facing their cities, with mental health, addiction and mass migration high on their lists. In the wake of the COVID-19 pandemic, mayors have been on the front lines as their …
U.S. mayors meet in Washington to tackle mental illness, immigration Read More »
By Andrew Hay (Reuters) -Election conspiracy theories drove a defeated Republican candidate in New Mexico with a criminal past to hire gunmen to attack homes of Democratic legislators, marking a dangerous new level of U.S. political violence, officials said. Solomon Pena, 39, was denied bail on Wednesday in his first court hearing on charges he …
Election denial drove New Mexico attacks on Democrats, officials say Read More »
By Ricardo Brito BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Wednesday his intelligence services had failed on Jan. 8, when Brasilia buildings were stormed by supporters of far-right former President Jair Bolsonaro. The fresh remarks come as Lula’s criticism of the military mounts, with the commander-in-chief condemning it in recent …
Brazil’s Lula says intelligence services failed ahead of Brasilia riots Read More »
By Humeyra Pamuk WASHINGTON (Reuters) -Turkey on Wednesday urged the Biden administration to be decisive in its bid to sell F-16 warplanes to Turkey and convince the U.S. Congress to drop its opposition to a planned $20 billion deal. Turkish Foreign Minister Mevlut Cavusoglu told reporters in Washington he had told U.S. Secretary of State …
Turkey urges Biden administration to be ‘decisive’ over F-16 deal as Congress objects Read More »
(Reuters) -Southwest Airlines Co’s pilot union has called for a strike authorization vote, weeks after a tech meltdown at the carrier left tens of thousands of passengers stranded across the United States. The airline said the proposed vote will not affect operations and is “not an indication of an impending work stoppage.” As major U.S. …
Southwest Airlines pilot union calls for strike authorization vote Read More »
