Author: Reuters
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Trump is warned he may be ejected from Carroll trial
By Jonathan Stempel and Luc Cohen NEW YORK (Reuters) -A federal judge warned Donald Trump on Wednesday he could be kicked out of writer E. Jean Carroll’s defamation trial if he kept making disparaging comments that the jury could hear. U.S. District Judge Lewis Kaplan’s threat came after a lawyer for Carroll said Trump was…
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Severe US cold snap prompts peak power and natural gas demand
By Deep Kaushik Vakil and Scott DiSavino (Reuters) -Freezing temperatures in several U.S. regions triggered peak power demand in parts of the country on Wednesday, after homes and businesses consumed a record amount of natural gas for heating and power generation. The severe winter storm dumped snow across a broad part of the country this…
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Google to tweak search results to comply with EU tech rules
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet’s Google will tweak online search results to give comparison sites more prominence, the company said in a blogpost on Wednesday, as it outlined efforts to comply with new EU tech rules that could hit revenues for some companies. Under the European Union’s Digital Markets Act (DMA), which…
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Trump-linked SPAC may raise up to $50 million via convertible notes, warrants
(Reuters) – Digital World Acquisition, the blank-check firm set to merge with former U.S. President Donald Trump’s media company, said in a filing it could raise up to $50 million by issuing convertible notes or warrants. Digital World’s shares fell 9.2% to $20.30 on Wednesday. A special purpose acquisition company, or SPAC, is a publicly…
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Judge denies motion to dismiss charges against ex-Marine in Jordan Neely NY subway killing
NEW YORK (Reuters) – A former U.S. Marine sergeant, who was charged with manslaughter for killing Jordan Neely, a homeless man, on the New York City subway, must face trial after a judge decided on Wednesday against his motion to dismiss the indictment. Judge Maxwell Wiley rejected Penny’s motion to dismiss the charges at a…
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Citigroup sees Fed’s first rate cut in June
(Reuters) -Citigroup pushed forward its forecast of the U.S. Federal Reserve’s 25 basis-point interest rate cut to June from July, citing the central bank’s dovish stance, falling inflation, and rising pressures from geopolitical risks. The brokerage said on Wednesday it expects 125 bps of total rate cuts in 2024, compared to its earlier forecast of…
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Texas erects new border barrier as dispute with Biden administration ramps up
By John Kruzel and Ted Hesson WASHINGTON (Reuters) -Texas this week erected new barriers along part of the state’s border with Mexico, blocking Border Patrol access, a court filing said on Friday, as conflict over migration escalates between the state’s Republican governor and Democratic U.S. President Joe Biden. The Texas National Guard added new concertina…
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Universal Music Group to lay off some employees
(Reuters) – Universal Music Group will lay off some employees in 2024, a company spokesperson said on Friday, making the world’s largest record label the latest to join a wave of layoffs this year. Universal Music Group (UMG) may cut hundreds of jobs in the first quarter, mostly in its recorded music division, Bloomberg News…
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Morgan Stanley to pay $249 million to end block trading probe
By Chris Prentice and Jonathan Stempel NEW YORK (Reuters) -Morgan Stanley agreed to pay $249.4 million to end years-long criminal and civil investigations into its handling of large stock trades for customers, U.S. authorities said on Friday. The settlements with the Department of Justice and Securities and Exchange Commission resolve charges of deception, fraud and…
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Top US House Republican Johnson stands by bipartisan spending deal
By David Morgan WASHINGTON (Reuters) -Republican U.S. House Speaker Mike Johnson on Friday stood by a $1.59 trillion spending deal with Democratic Senate Majority Leader Chuck Schumer, defying hardline conservatives who had pressured him to scrap it in favor of lower spending and new border restrictions. Two days after a dozen hardliners from his own…