By Jack Queen (Reuters) – Opening statements are set to begin on Monday in Wilmington, Delaware in a defamation lawsuit by Dominion Voting Systems against Fox Corp and Fox News, which is seeking $1.6 billion in damages over the network’s coverage of false vote-rigging claims in the 2020 U.S. presidential election. Here is what to …
What’s next in the $1.6 billion Dominion defamation suit against Fox? Read More »
By Andrew Chung and John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court on Friday made it easier to challenge the regulatory power of federal agencies in two important rulings backing Axon Enterprise Inc’s bid to sue the Federal Trade Commission and a Texas accountant’s gripe with the Securities and Exchange Commission. A 9-0 ruling …
U.S. Supreme Court empowers bids to curb authority of federal agencies Read More »
By Yuka Obayashi and Katya Golubkova SAPPORO, Japan (Reuters) – Canada is ready to become a reliable provider of critical minerals to its international allies including Japan, a senior official said, as the Group of Seven (G7) countries deem such minerals essential for climate goals and energy security. Canada has signed a joint action plan …
Canada ready to become critical minerals provider -minister Read More »
(Reuters) – Global investors were big buyers in money market funds for a seventh straight period in the week to April 12 after a strong U.S. jobs report heightened expectations that the U.S. Federal Reserve would raise interest rates in May. Funds in the global money market drew a net $40.83 billion worth of inflows …
Global money market funds see huge demand for a seventh straight week Read More »
(Reuters) -Lucid Group Inc on Thursday reported first-quarter production and delivery figures that were lower than the preceding three months, in line with its guidance of weak production this year. The luxury electric car-maker produced 2,314 vehicles and delivered 1,406 in the quarter ended Mar. 31, lower than the 3,493 vehicles produced and 1,932 delivered …
Lucid’s first-quarter vehicle production, deliveries fall sequentially Read More »
By Michael S. Derby (Reuters) – Federal Reserve lending to banks eased further in the latest week, signaling that while the absolute levels of emergency credit remain high, financial sector strains which started a month ago are continuing to ease. As of Wednesday, Fed loans to banks via its discount window facility stood at $67.6 …
Fed lending to banks still high, but eases in latest week Read More »
By Kanishka Singh WASHINGTON (Reuters) -Photoshop maker Adobe Inc has agreed to pay $3 million to settle U.S. kickback allegations involving federal software sales, the U.S. Justice Department said in a statement on Thursday. The settlement resolves allegations that Adobe made improper payments under its Solution Partner program to companies that had a contractual or …
US says Photoshop maker Adobe to pay $3 million to settle kickback allegations Read More »
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased more than expected last week, further evidence that labor market conditions were gradually easing as higher borrowing costs dampen demand in the economy. The slowing momentum in the economy was underscored by other data from the Labor Department …
US labor market gradually losing steam; producer inflation cooling Read More »
By Kylie Madry MEXICO CITY (Reuters) – The airport operating business in Mexico is thriving as traffic surges due to multinational companies bringing overseas operations closer to home and growth at Mexican airlines, according to the head of GAP, which operates 12 airports in the country. Manufacturing hubs such as Guadalajara have seen record traffic …
Mexico airport operator GAP says nearshoring, fleet expansions fuel growth Read More »
(Reuters) – Digital World Acquisition Corp, a blank-check firm that is set to merge with former U.S. President Donald Trump’s media and technology company, on Thursday named Katherine Chiles as its chief financial officer. The development comes after Digital World in March ousted Chief Executive Patrick Orlando, saying that due to “unprecedented headwinds faced by …
