By Howard Schneider WASHINGTON (Reuters) – Four years after Federal Reserve Chair Jerome Powell made fighting unemployment a bigger priority during the COVID-19 pandemic, he faces a pivotal test of that commitment amid rising joblessness, mounting evidence inflation is under control, and a benchmark interest rate that is still the highest in a quarter of…
By Granth Vanaik (Reuters) – Shares of Instacart rose more than 10% in premarket trading on Wednesday as strong demand for grocery delivery and promising signs of growth in its advertising business helped the company forecast an upbeat current quarter. The San Francisco-based company has seen its stock claw back its value, after falling over…
By Jonathan Stempel NEW YORK (Reuters) – New York Attorney General Letitia James said on Friday her office has recovered $50 million from the cryptocurrency platform Gemini Trust to repay investors defrauded in its Gemini Earn program. James said Gemini, run by billionaire twin brothers Cameron and Tyler Winklevoss, will provide full recoveries to more…
JERUSALEM (Reuters) – Israeli troops battled Palestinian fighters in Khan Younis in southern Gaza and destroyed tunnels and other infrastructure, as they sought to suppress small militant units that have continued to hit troops with mortar fire, the military said on Friday. The Israeli Defence Forces (IDF) said troops had killed around 100 Palestinian fighters…
BEIJING (Reuters) – Chinese Vice Foreign Minister Ma Zhaoxu urged the United States to refrain from “smearing” China and to stop imposing “abusive” sanctions on Chinese companies at talks this week in Washington, China’s foreign ministry said on Friday. Ma met U.S. Deputy Secretary of State Kurt Campbell and deputy national security adviser Jon Finer…
(Reuters) – Top U.S. independent oil producer ConocoPhillips said on Friday it received a second request from the U.S. Federal Trade Commission for information on its proposed acquisition of rival Marathon Oil. ConocoPhillips said both companies received the requests on July 11 and are working with the FTC to review the merger. CONTEXT Conoco said…
By Angelo Amante ROME (Reuters) – Israel must comply with international law in Gaza and address the devastating humanitarian crisis in the Palestinian enclave, a group of Western nations wrote in a letter to the Israeli government seen by Reuters on Friday. All countries belonging to the Group of Seven (G7) major democracies, apart from…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S. stocks are at fresh records, bitcoin is soaring and investors are spurning insurance against portfolio declines as evidence that the economy is headed for a so-called soft landing whets market participants’ appetite for risk. Call it the Goldilocks trade – a bet that the Federal Reserve…
DUBAI (Reuters) – The United States should realise that Iran will not respond to pressure, President-elect Masoud Pezeshkian said in a statement published on Saturday, in which he also highlighted his country’s friendship with China and Russia. Pezeshkian, a relative moderate who beat a hardline rival in elections, also reiterated that Iran does not seek…
By Steve Holland and Jarrett Renshaw WASHINGTON (Reuters) – President Joe Biden said on Friday that it was “dangerous” for people to question the integrity of the guilty verdict in Donald Trump’s hush money jury trial. In his first public comments since a New York jury on Thursday found Trump guilty on 34 counts over…
