Reuters USA - Squid Business

Harris backs expelled Tennessee lawmakers, chides Republicans for ousting them

By Cheney Orr NASHVILLE (Reuters) -U.S. Vice President Kamala Harris flew to Nashville on Friday in a show of support for Tennessee state lawmakers expelled for staging a rule-breaking demonstration for gun control on the statehouse floor after a recent school shooting. Republicans who control the Tennessee House of Representatives on Thursday expelled two young …

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Austrian banks unaffected by banking turmoil – finance minister tells NZZ

ZURICH (Reuters) – Austria’s government is monitoring the global banking turmoil although there are so far no signs of it spreading to the country’s financial sector, Finance Minister Magnus Brunner said in an interview published on Saturday. “Our banks did their homework very well after the financial crisis. They are very well prepared,” Brunner told …

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University of Oklahoma campus deemed safe after ‘active shooter’ report

(Reuters) -The University of Oklahoma said late on Friday that its Norman campus was safe and no threat had been found after police investigated a suspected shooting on the premises. University officials said on social media a comprehensive search had been conducted and no danger was detected and authorities issued an “all clear” notification. “There …

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Tesla hit with class action lawsuit over alleged privacy intrusion

By Hyunjoo Jin and Mike Scarcella SAN FRANCISCO (Reuters) – A California Tesla owner on Friday sued the electric carmaker in a prospective class action lawsuit accusing it of violating the privacy of customers. The lawsuit in the U.S. District Court for the Northern District of California came after Reuters reported on Thursday that groups …

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US inflation data to test market’s bets on future Fed easing

By Lewis Krauskopf NEW YORK (Reuters) – A closely watched U.S. inflation report next week could help settle one of Wall Street’s most pressing questions: whether the market has correctly pegged the near-term trajectory for interest rates. Following last month’s banking crisis, investors have become more convinced the Federal Reserve will cut rates in the …

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First Republic bank to suspend dividends on preferred stock

(Reuters) – First Republic Bank said in a regulatory filing on Friday that it will suspend payments of quarterly cash dividends on its preferred stock “as a measure of prudent oversight.” Last month, the bank suspended its dividend on common stock after the collapse of Silicon Valley Bank. Large U.S. banks injected $30 billion in …

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Blockade lifted at Colombia coal mine Cerrejon

BOGOTA (Reuters) – Protesters in Colombia’s northern La Guajira province have lifted a four-day blockade of a rail line and the entrance to an export terminal used by coal miner Cerrejon, the company said on Friday. The blockade, which was affecting operations, was led by residents from three communities in Media Luna, the company had …

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One tourist killed, five injured in Tel Aviv attack

TEL AVIV (Reuters) – An Italian tourist was killed and five other tourists were wounded in a Tel Aviv car ramming attack on Friday, Israeli and Italian officials said. An Israeli security source identified the assailant as an Israeli Arab from the town of Kafr Qassem. A police officer who was nearby arrived at the …

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Bank deposits edge up after record outflows, Fed data shows

By Dan Burns (Reuters) – Deposits at U.S. commercial banks rose near the end of March for the first time in about a month, showing signs of stabilizing after the two largest bank failures since the financial crisis rocked the banking system and rattled depositors. Federal Reserve data released on Friday showed deposits at all …

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Who is Republican donor and Justice Clarence Thomas’ friend Harlan Crow?

By Laura Sanicola (Reuters) – Real estate magnate Harlan Crow has come under scrutiny after ProPublica reported on Thursday that U.S. Supreme Court Justice Clarence Thomas accepted luxury trips over decades from the Republican donor despite a federal law requiring the disclosure of most gifts. The following are some key facts about Crow. WHO IS …

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