The Fed's statement following its 2-day meeting indicated continued improvement in the labor market, and signaled to many a September rate hike is likely. Bobbi Rebell reports.
WASHINGTON (Reuters) -The U.S. State Department said on Friday it fully expects to finalize new trade exemptions for the AUKUS defense project with Australia and Britain over the next 120 days. "Exemptions in our export control systems, within a framework of shared standards with Australia and the UK, are key to harnessing and maximizing the innovative power residing in our defense industrial bases," a department statement said. "We fully expect to finalize the new trade exemptions – based on stakeholder input – over the course of the next 120 days," it said.
A measure of calm was returning after Israel's retaliatory strike on Iran spooked the market and spurred a rush to safe havens such as gold.
Since it’s not being televised — and news photographers are only permitted in for 45 seconds at the start of each day — the only other images from inside the courtroom are portraits being done by sketch artists.
Mexican presidential candidate Claudia Sheinbaum on Friday said that if elected, her administration would focus on water management and renewable energy as part of a plan to boost the country's sustainability. Speaking at a banking event on the country's Pacific coast, Sheinbaum added that she would also focus on developing areas for nearshoring, investing in industrial parks and boosting the country's freight and passenger train networks. The candidate for the ruling MORENA party, Sheinbaum is strongly favored to win the June elections and her campaign has centered on broadly continuing the policies of current President Andres Manuel Lopez Obrador.
"We look forward to learning more on what happened in the lead up to, and in the weeks following, the attack," said Cathy Rodgers, energy and commerce committee chair, and Morgan Griffith, chair of the subcommittee on oversight and investigations. "This hearing will help inform the committee as we continue working toward solutions that protect the health and well-being of all Americans."
Paramount is currently in exclusive merger talks with David Ellison's Skydance Media.
Netflix reported first quarter earnings after the bell on Thursday. Here's what to know.
Biden desperately wants to keep gasoline prices down. He may get his wish.
The jury that will decide whether Donald Trump is guilty of 34 felony counts of falsifying business records is made up of seven men and five women who live in Manhattan.
The U.S. Department of Agriculture said this week that cow-to-cow transmission is a factor in the spread of bird flu in dairy herds, but it still does not know exactly how the virus is being moved around. Dairy herds in eight states tested positive over the past month, along with one dairy worker in Texas. "Those of us that have worked with influenza for a long time were fairly quickly saying, 'Yep it moves cow to cow,'" Jim Lowe, an associate dean at the University of Illinois College of Veterinary Medicine, said on Friday.
Five more alternate jurors were selected Friday following questioning from prosecution and defense lawyers, rounding out the 12 jurors and six alternates needed for the case against Trump to proceed.
Amazon.com's advertising executive Colleen Aubrey, a member of the elite internal team advising the CEO, is moving to a new undisclosed position at the company. Spokeswoman Kristin Mariani said Aubrey's new position would be announced later. Aubrey is a member of the so-called "S-team," which counsels CEO Andy Jassy, and has worked at Amazon for nearly two decades.
Stablecoin Tether's recent growth is being driven by its use as an alternative to the U.S. dollar in emerging markets, rather than by demand for cryptocurrency trading, Tether CEO Paolo Ardoino told Reuters on Friday. Tether issues a stablecoin, also called Tether or USDT, which is designed to maintain a constant value of $1 and is widely used in crypto-to-crypto trading. It has grown rapidly in recent years, hitting more than $100 billion worth of Tether tokens in circulation in March.
An annual Jewish pilgrimage to Tunisia's Djerba synagogue and celebration has been cancelled due to the war in Gaza, the head of the organising committee, Perez Trabelsi, told Reuters on Friday. Trabelsi added that the committee has reduced the annual pilgrimage to limited rituals only inside the temple, and expects a very small number to arrive from France due to the tense situation in the Middle East. The southern island of Djerba – a holiday destination – is home to Africa’s oldest synagogue and the annual pilgrimage, attract thousands of Jews annually who come from Israel and several European countries.
JERUSALEM — The relatively limited scope of Israel’s overnight strikes on Iran, and a subdued response from Iranian officials, may have lowered the chances of an immediate escalation in fighting between the two countries, analysts said Friday. While Israel is still fighting wars on two fronts, against Hamas in the Gaza Strip and Hezbollah in Lebanon, the likelihood of a third front has ebbed, at least for now. For days, there have been fears that a forceful Israeli response to Iran’s attack on s
Alphabet Inc's Google on Friday said it will roll back requirements that U.S. suppliers and staffing firms pay their employees at least $15 an hour and provide health insurance and other benefits, a move that could allow the tech giant to avoid bargaining with unions. The elimination of the 2019 policy, along with other steps such as limiting access by temporary workers and vendors to internal systems, are designed to comply with shifting U.S. and global labor regulations related to contingent workers, a spokesperson for Mountain View, California-based Google told Reuters. "These updates bring us in line with other large companies and simply clarify that Google is not, and has never been, the employer of our suppliers’ employees," the spokesperson said.
BLOOMSBURG, Pa. — David McCormick’s origin story goes something like this: He grew up in rural Pennsylvania, southwest of Scranton. He baled hay, trimmed Christmas trees and otherwise worked on his family’s farm. And from those humble beginnings, he rose to achieve the American dream. “I spent most of my life in Pennsylvania, growing up in Bloomsburg on my family’s farm,” McCormick, now a Republican candidate for Senate, told Pittsburgh Quarterly in 2022. “I’ve truly lived the American dream,” h
The United Nations human rights chief called for countries to take concrete steps on reparations for people of African descent at a U.N. meeting on Friday, adding his voice to calls for justice for slavery atrocities. Support is building among Africa and Caribbean nations for the creation of a tribunal to address reparations, which might include financial payments and other amends, for crimes dating back to the transatlantic trade of enslaved people. "I join your demands for action now," United Nations High Commissioner for Human Rights Volker Turk said in an address at the closing of the four-day U.N. Permanent Forum on People of African Descent (PFPAD).
The U.S. Environmental Protection Agency has designated two of the most commonly used "forever chemicals" as hazardous substances under the federal Superfund law, in a bid to clean up properties across the United States that are contaminated with the toxic compounds. The highly anticipated rule will affect companies that use, dispose of or store two specific per- and polyfluoroalkyl, or PFAS, compounds. The EPA's rule issued on Friday under the Comprehensive Environmental Response Compensation and Liability Act (CERCLA) requires companies and others to report leaks and help pay to clean up two PFAS known as PFOA and PFOS.
Iranian Foreign Minister Hossein Amirabdollahian said drones that sources say Israel fired at the city of Isfahan on Friday caused no damage or casualties, in comments made to the envoys of Muslim countries in New York and cited by Iranian media. "The Zionist regime's media supporters, in a desperate effort, tried to make victory out of their defeat, while the downed mini-drones have not caused any damage or casualties," Amirabdollahian was quoted as saying. Israel has made no public comment on the incident.
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