The slowing growth and stubborn inflation picture emerging in the U.S. economy may not be quite a nightmare scenario for the Federal Reserve, but it at least could make for some restless sleep. First-quarter results released Thursday showed the U.S. economy slugging along at a…
A federal judge on Thursday upheld the verdict and award in E. Jean Carroll’s defamation case against former President Donald Trump and denied Trump’s motion for a new trial. Judge Lewis Kaplan, in a written opinion, said Trump’s legal arguments are without merit. The judge also found that the punitive…
Following the move of Dior, Prada, Ralph Lauren and other luxury brands, other fashion players are tapping into hospitality experiences to create new retail offerings to shoppers. Tapestry, the group behind Coach and Kate Spade, is the latest to tap into culinary experiences to expand into lifestyle and give consumers…
What could possibly go wrong with the British rail services? Currently, the system is a mess. Late arrivals of trains are just one symptom of the problem. Routinely cancelled trains are another. Lack of maintenance of the rolling stock and the rail lines only add to the issue. The Labour…
The Consumer Financial Protection Bureau’s open banking rule is set to be finalized this fall. With it, financial institutions across the country will need to provide access to customers’ financial data for checking, savings, and credit card accounts, prepaid cards, and digital wallets, at their request, to third parties (like…
Fisker CEO Henrik Fisker told staff during an all-hands meeting on Thursday that the company was in talks with four automakers for a potential buyout, according to a recording of the event viewed by Business Insider.”We still have some time to get other offers on Fisker,” he told staff on…
The US Dollar stronger after US GDP print. GDP is a miss,…
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POLITICS
View MorePresident Joe Biden’s reelection campaign is making a new digital ad buy in Pennsylvania aimed specifically at targeting Nikki Haley supporters, campaign officials told CNN, marking the latest sign of the Biden team’s growing efforts to try to woo would-be Republican voters who find Donald Trump unacceptable. The decision to direct additional resources – which the officials described as part of a “mid-six figures” ad buy – toward courting Haley backers in Pennsylvania was prompted by the state’s Republican primary contest on Tuesday. The president’s campaign saw those results as a serious warning sign for Trump – and an opportunity…
By Jack Queen(Reuters) – Donald Trump’s criminal hush money trial is set to resume in New York on Thursday with a former tabloid publisher testifying about efforts to help Trump’s…
Former President Donald Trump on Wednesday night downplayed the 2017 white supremacist rally in Charlottesville, Virginia, which led to a woman’s death, as a “peanut” compared to the demonstrations happening…
(Refiles to add dropped word to the headline)By Andrew GoudswardWASHINGTON (Reuters) – The U.S. Supreme Court hears arguments on Thursday on Donald Trump’s claim that he enjoys sweeping immunity from…
Markets
View MoreBy Rajesh Kumar Singh and Shivansh Tiwary(Reuters) -Southwest Airlines on Thursday warned of higher costs and slower revenue growth this…
Finance
View MoreThings aren’t looking particularly rosy for markets and the economy, Jamie Dimon said in an interview with The Wall Street Journal. “The odds of a soft landing,…
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BENGALURU (Reuters) – Sri Lankan shares closed higher on Thursday, driven by…
Investing
US stocks sank Thursday morning after the latest GDP report showed that US economic growth slowed to 1.6% in the first quarter of the year, a much weaker pace than expected. The Dow fell by 681 points, or 1.7%; the S&P 500 was down 1.5% and the Nasdaq Composite slid…
Economy
Municipal governments across the United States are looking to rein in spending…
Fintech
Comcast beat first-quarter earnings expectations on Thursday as broadband drove revenue even…
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