By Dietrich Knauth NEW YORK (Reuters) -A U.S. bankruptcy judge on Friday gave Rudy Giuliani limited permission to challenge a $148 million defamation verdict won by two former Georgia election workers whom he had falsely accused of fraud after former Republican President Donald Trump’s 2020 election loss. U.S. Bankruptcy Judge Sean Lane said at a …
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(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Friday said she feels there is “a lot of work left to do” on bringing inflation back down to the Fed’s 2% goal, and that it is “premature” to think interest-rate cuts are around the corner. Daly, in an interview with Fox Business Network, …
Fed’s Daly: ‘Premature’ to think rate cuts are around the corner Read More »
By Gram Slattery HOLLIS, New Hampshire (Reuters) – Nikki Haley and her allies are flooding New Hampshire with campaign workers and sharpening their attacks on frontrunner Donald Trump as they angle for an upset in next week’s Republican presidential primary. AFP Action, a political advocacy group backed by conservative billionaire Charles Koch, is sending up …
Nikki Haley aims to upend Republican race against Trump in New Hampshire Read More »
By Ann Saphir (Reuters) -The Federal Reserve won’t start easing policy until May, traders bet on Friday, capping a week during which stronger-than-expected economic data and commentary from central bankers chipped away at financial market confidence in the idea of an earlier start to interest-rate cuts. On Friday, a widely watched measure of consumer sentiment …
Fed won’t start rate cuts until May, traders now bet Read More »
(Reuters) – U.S. President Joe Biden signed into law a stopgap bill that will fund the federal government through early March and avert a partial government shutdown, the White House said on Friday. (Reporting by Katharine Jackson and Costas Pitas: Editing by Caitlin Webber)
WASHINGTON (Reuters) – A friend of U.S. President Joe Biden’s son Hunter Biden on Friday accused House of Representatives Republicans of presenting a “cherry-picked, out-of-context and totally misleading” account of his testimony to their impeachment probe. The friend, attorney Kevin Morris, testified in a closed-door deposition on Thursday about money he had loaned Hunter Biden, …
By Akash Sriram (Reuters) – Shares of Super Micro Computer jumped about 25% to a record high on Friday after the company projected quarterly results well above its current estimates due to strong demand for artificial intelligence servers. The company is also riding a rising need for its liquid cooling solutions from data centers processing …
Super Micro Computer shares surge as AI server demand powers big forecast raise Read More »
WASHINGTON (Reuters) – U.S. consumer sentiment improved in January to the highest level since the summer of 2021 amid optimism over the outlook for inflation and household incomes, a survey showed on Friday. The University of Michigan’s preliminary reading on the overall index of consumer sentiment came in at 78.8 this month, the highest reading …
By David Shepardson and Nathan Gomes (Reuters) – Ford Motor said on Friday it would reduce production of its F-150 Lightning pickup truck, as demand for electric vehicles (EVs) softens. The No. 2 U.S. automaker said it would cut production at its Michigan Rouge Electric Vehicle Center to one shift starting April 1. In October, …
Ford cuts F-150 Lightning production as EV demand softens Read More »
(Reuters) -Synchrony Financial has agreed to acquire consumer lender Ally Financial’s point-of-sale financing business, including $2.2 billion of loan receivables, the companies said on Friday. The portfolio includes relationships with nearly 2,500 merchant locations and more than 450,000 active borrowers in home improvement services and healthcare. Synchrony said the deal will allow it to offer …
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