Reuters USA - Squid Business

Tofurky heartened despite losing appeal of Louisiana plant-based label law

By Jonathan Stempel (Reuters) -A federal appeals court on Wednesday said Louisiana can enforce a state law forbidding companies from intentionally using misleading meat-like terms when selling plant-based food, reversing a lower court ruling in a case brought by the maker of Tofurky. In a 3-0 decision, the 5th U.S. Circuit Court of Appeals in …

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New BOJ chief vows to keep stimulus, shuns premature tightening

By Leika Kihara and David Lawder WASHINGTON (Reuters) -Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank must pay more attention to the risk of failing to meet its 2% inflation target with premature monetary tightening, rather than being behind the curve in combating too-high price growth. While other countries are experiencing …

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Wall Street closes lower after Fed minutes, inflation data

By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended lower on Wednesday after minutes from the Federal Reserve’s March policy meeting revealed concern among several members of the Federal Open Markets Committee (FOMC) regarding the regional bank liquidity crisis. The minutes followed a cooler-than-expected inflation report which belied stickier underlying data and cemented the …

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Mother of Louisville shooter frantically called 911 to warn of his plans

By Julia Harte and Sharon Bernstein (Reuters) – The mother of the 25-year-old bank employee who killed five people and wounded nine others in a shooting rampage at his Kentucky workplace on Monday had frantically called 911 to report her son’s intention, emergency calls released on Wednesday showed. The calls, one of which came from …

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US Democratic National Committee, lawyer Elias part ways

By Jacqueline Thomsen (Reuters) – The Democratic National Committee will no longer be represented by longtime Democratic lawyer Marc Elias, spokespeople for his law firm and the DNC confirmed on Wednesday. The split ends a key client relationship for Elias, one of the best-known Democratic lawyers in the U.S., that dates back to 2009. Elias …

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Trump blames media in seeking delay in rape accuser Carroll’s trial

By Jonathan Stempel NEW YORK (Reuters) -Donald Trump asked a U.S. judge to delay the scheduled April 25 trial over whether he defamed former Elle magazine columnist E. Jean Carroll by denying he raped her, citing the recent “deluge of prejudicial media coverage” of criminal charges against him. In a Tuesday night letter to U.S. …

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Senator calls for investigation after Reuters facial recognition report

By Lena Masri (Reuters) – U.S. Senator Ron Wyden has called for the Biden administration to carry out an investigation after a Reuters report showed how Russian authorities are using facial recognition to curb dissent with the aid of U.S. technology. Wyden, who chairs the Senate Finance Committee, said that “American technology shouldn’t be a …

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U.S. judge blocks Biden clean water rule in 24 states

(Reuters) -A federal judge in North Dakota on Wednesday temporarily blocked implementation of a Biden administration rule establishing protections for seasonal streams and wetlands in 24 states, according to court documents. U.S. District Court Judge Daniel Hovland granted the states’ request for a preliminary injunction prohibiting enforcement of the Environmental Protection Agency’s Waters of the …

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JPMorgan asks senior bankers to return to office for five days a week – memo

By Lananh Nguyen and Niket Nishant (Reuters) -JPMorgan Chase & Co asked its managing directors to work from the office for five days a week, the largest U.S. bank said in a memo. “Our leaders play a critical role in reinforcing our culture and running our businesses,” the bank’s operating committee wrote in the memo …

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Bank of Canada keeps rates on hold, sees stronger 2023 growth

By Steve Scherer and David Ljunggren OTTAWA (Reuters) -The Bank of Canada on Wednesday left its key overnight interest rate on hold at 4.50% as expected and raised its growth forecast for this year, while dropping language that had warned of a possible recession. The Bank of Canada (BoC) last month became the world’s first …

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