By Michael S. Derby
(Reuters) - The U.S. public’s outlook on the future path of inflation was mixed in May, according to a report on Monday from the Federal Reserve Bank of New York.
The bank found that as part of its monthly survey on the state of consumer expectations that the public believes inflation a year from now will be 3.2% compared with April’s expectation of 3.3%, while three years from now expected inflation held steady at... (continue reading...)
By Nupur Anand
NEW YORK (Reuters) - JPMorgan Chase hired former PayPal executive Sri Shivananda as its new chief technology officer (CTO), the bank said in a memo on Monday, the latest senior hire tasked with deploying some of its $17 billion tech budget.
Shivananda will start later this month and succeed A.J. Lang, who announced his plans to retire earlier this year, according to the memo seen by Reuters. He will report to Lori Beer, the... (continue reading...)
By Sarah N. Lynch
WASHINGTON (Reuters) - The U.S. Justice Department and the Food and Drug Administration on Monday launched a new task force that will take aim at the sale and distribution of illicit e-cigarettes, in a move to protect youth from illegal vaping products.
The new enforcement effort comes after the FDA issued more than 1,100 warning letters to manufacturers, importers, distributors, and retailers for illegally selling or... (continue reading...)
JERUSALEM (Reuters) - Lebanon's Hezbollah militia said its air defences downed an Israeli attack drone over southern Lebanon on Monday, and the Israeli military confirmed the loss of the drone.
"A surface-to-air missile was launched toward an Israeli Air Force UAV (unmanned aerial vehicle) that was operating in Lebanese airspace. As a result, the UAV was damaged and fell in Lebanese territory," the Israeli military said.
Iran-backed... (continue reading...)
DEIR AL-BALAH, Gaza Strip (Reuters) - Hazem Farjallah wails as he lies in the Gaza hospital corridor, his head bandaged and his aunt by his side, days after he was injured by Israeli bombardment and with little prospect of adequate medical care.
Hazem, 10, has not spoken since he was injured in Thursday's strike on a U.N. school being used as a shelter and the shrapnel wounds are visible on his back, chest and head.
"He's been lying on... (continue reading...)
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