Author: News Room
MOSCOW (Reuters) – Russia’s ambassador to the United States said Washington had threatened retaliation after Wall Street Journal reporter Evan Gershkovich was detained on espionage charges, and suggested it might be time to cut the number of U.S. journalists in Russia. Russia’s Federal Security Service (FSB) said on March 30 it had detained Gershkovich in the Urals city of Yekaterinburg and had opened an espionage case against him for collecting what it said were state secrets about the military industrial complex. Gershkovich, the first American journalist detained in Russia on espionage charges since the end of the Cold War, and…
© Reuters. FILE PHOTO: The closed Smithfield Foods pork plant is seen as the spread of the coronavirus disease (COVID-19) continues, in Sioux Falls, South Dakota, U.S., April 16, 2020. REUTERS/Shannon Stapleton By Mike Scarcella (Reuters) – A U.S. judge on Tuesday approved a $75 million settlement between Smithfield Foods Inc and a class of consumers who accused the pork producer of conspiring to restrict supply in order to keep prices artificially high. U.S. District Judge John Tunheim in Minneapolis called the resolution “fair, reasonable, and adequate” in his order approving the deal. “The settlement class members’ positive reaction supports…
Senate Republican Leader Mitch McConnell said Thursday he’ll return to the chamber on Monday, after recovering from a fall last month. “We’ve got important business to tackle and big fights to win for Kentuckians and the American people,” the GOP lawmaker said. In March, McConnell was released from a hospital after being treated for a concussion, and underwent rehabilitation. The Republican leader had tripped and fallen at a hotel in Washington. … Read the full article here
Shares of Delta Air Lines Inc. reversed lower Thursday, after first-quarter profit came up shy of expectations even as revenue rose above forecasts, and as the air carrier said its current quarter was off to strong start. The company reported before the opening bell a net loss that narrowed to $363 million, or 57 cents a share, from $940 million, or $1.48 a share, in the same period a year ago. Excluding… Read the full article here
First-quarter earnings reports are right around the corner. Tech companies will need to provide plenty of good news on profits if they want to see a substantial boost to their stocks. While earnings season kicks off today with banks, Big Tech earnings will have to wait a little longer. Netflix (ticker: NFLX), one of the first tech giants to report, releases quarterly results April18. Earnings for the likes of Netflix, Apple (AAPL), and Alphabet (GOOGL) might not spur big gains, though. That’s partly because those stocks have already staged impressive rallies, and the medium-term earnings outlook for the sector contains some…
Why Barr says there’s a ‘high risk’ in what he views as the most threatening case against Trump In an exclusive interview with CNN’s Kaitlan Collins, Bill Barr, the attorney general for former President Donald Trump, discusses the probe into the classified documents found in Trump’s Mar-a-Lago home. Read the full article here
China will co-operate to resolve an impasse over developing countries’ sovereign debt restructurings, a senior official said, as Beijing appeared to soften its stance in fraught negotiations over a string of defaults.China’s central bank governor Yi Gang on Thursday told G20 finance ministers in Washington that the country was willing to work through the group’s so-called Common Framework for sovereign debt restructuring.“China is willing to work with all parties to implement the Common Framework for debt resolution,” Yi said in a statement released by the People’s Bank of China. The G20’s Common Framework seeks to bring the main bilateral creditors…
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Twitter and the trading platform eToro have teamed up to allow social media users to buy and sell crypto, stocks and other financial assets.News about the new partnership was first reported by CNBC on Thursday, with the article saying that Twitter will give its users access to price charts on a broader range of financial assets than before, as well as offer the opportunity to trade the same assets on eToro.The deal marks the first major deal for Twitter since Tesla chief and Dogecoin fan Elon Musk bought the company, CNBC noted in its report.eToro also shared the news in…
Warner Bros. Discovery on Wednesday unveiled “Max,” its high-stakes super-streamer that unites some of the company’s most storied brands under one roof and aims to aggressively compete in the streaming marketplace as the traditional linear television business rapidly declines. The new service, announced by CEO David Zaslav at a press event Wednesday, will launch May 23 and give consumers access to a large library of programming across Warner Bros. Discovery’s sprawling portfolio: Warner Bros., HBO, HGTV, Food Network, Cartoon Network, TLC and others. “It’s the one to watch,” Zaslav said, referencing the service’s tagline, “because we have so many of…
