By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended sharply higher on Thursday as economic data showed cooling inflation and a loosening labor market, fueling optimism that the Federal Reserve could be nearing the end of its aggressive interest rate hike cycle. All three major U.S. stock indexes surged more than 1%, with interest …
Wall St rallies to higher close as inflation data feeds Fed pause hopes Read More »
By Jorgelina do Rosario and Rodrigo Campos (Reuters) – The International Monetary Fund is working closely with Suriname authorities to bring their financing program back, while looking for progress in government talks with China, a key creditor, an IMF official said on Thursday. The IMF and Suriname engaged in a financing program for nearly $700 …
IMF working closely with Suriname authorities, looks for progress in China talks Read More »
By Julia Harte and Sharon Bernstein (Reuters) -U.S. telehealth and in-person abortion providers scrambled on Thursday to keep medication abortion services available after a federal appeals court ruled that the abortion pill mifepristone could be distributed amid ongoing litigation but with significant restrictions. The New Orleans-based 5th U.S. Circuit Court of Appeals on Wednesday upheld …
Some U.S. abortion pill providers curb availability after appeals court ruling Read More »
By Karen Freifeld NEW YORK (Reuters) – Former U.S. President Donald Trump returned to New York to answer questions under oath on Thursday in a $250 million business fraud lawsuit brought against him by the state attorney general. Â Â But the questioning took place behind closed doors, and Trump’s appearance for the civil case did …
Trump spends day in New York under questioning in state civil fraud case Read More »
By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Thursday refused to halt a legal settlement that would erase more than $6 billion in debt owed by former students of colleges – many of them for-profit institutions – who have said they were misled by schools about academics and job prospects. The justices turned …
U.S. Supreme Court won’t halt $6 billion student debt settlement Read More »
By Ariba Shahid KARACHI, Pakistan (Reuters) -Pakistan’s debt continues to be sustainable, International Monetary Fund (IMF) managing director Kristalina Georgieva said on Thursday, after the government reiterated it had completed all requirements to receive a critical bailout from the IMF. Pakistan has less than a month’s worth of foreign exchange reserves and is awaiting a …
Pakistan hopes to seal key IMF bailout agreement soon Read More »
By Helen Coster (Reuters) -Opening statements are due on Monday in Dominion Voting Systems’ $1.6 billion defamation lawsuit against Fox News over the network’s airing of false claims that the company’s machines were used to rig the 2020 U.S. presidential election. Delaware Superior Court Judge Eric Davis, presiding over the case in Wilmington, conducted jury …
Dominion’s $1.6 billion suit against Fox set to start Monday Read More »
By Carolina Mandl NEW YORK (Reuters) – Hedge funds increased their exposure to stocks in the financial sector amid the banking turmoil in March, as they saw a buying opportunity at lower prices, S&P Global Market Intelligence said in a note on Thursday. “Hedge funds used the bank stress as an early buying opportunity, dismissing …
Hedge funds bought financial stocks amid banking turmoil, says S&P Read More »
WASHINGTON (Reuters) – Top U.S. Senate Republican Mitch McConnell said on Thursday that he will return to the Senate next week, more than a month after he was sidelined by a bad fall and as talks over the nation’s looming $31.4 trillion debt ceiling shift to a higher gear. The 81-year-old Kentucky Republican, who is …
Top U.S. Senate Republican Mitch McConnell to return to Washington Monday Read More »
WASHINGTON (Reuters) – The U.S. Senate Labor committee will hold an April 20 confirmation hearing on U.S. Labor Secretary nominee Julie Su, panel chairman Senator Bernie Sanders said in a statement. President Joe Biden had nominated Su for the Cabinet post in February but her nomination has raised some pushback from industry circles. (Reporting by …
U.S. Senate panel to hold hearing on Biden’s Labor nominee Su next week Read More »
