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Los Angeles sues Airbnb for alleged price gouging following wildfires Jul 18, 2025 05:37PM

(Reuters) -Los Angeles sued Airbnb, accusing the home rental company of allowing price gouging affecting more than 2,000 properties during January's wildfires in southern California, City Attorney Hydee Feldstein Soto said on Friday.

Airbnb was accused of violating a California law that prohibits prices of essential goods and services from rising more than 10% following a state of emergency.

Governor Gavin Newsom declared a state of emergency... (continue reading...)


Ex-Australian PM Morrison to testify before US House panel on China Jul 18, 2025 05:33PM

By David Shepardson

WASHINGTON (Reuters) -Former Australian Prime Minister Scott Morrison will testify at a U.S. House panel hearing on Wednesday about countering China's "economic coercion against democracies," the committee said on Friday.

Former U.S. ambassador to Japan Rahm Emanuel will also testify before the House Select Committee on China.

Relations with China, already rocky after Australia banned Huawei from its 5G... (continue reading...)


US files motion to unseal grand jury transcripts related to Jeffrey Epstein Jul 18, 2025 05:31PM

NEW YORK (Reuters) -The U.S. government on Friday filed a motion to unseal grand jury transcripts related to the late financier and sex offender Jeffrey Epstein.

In a filing in Manhattan federal court, the Department of Justice said the criminal cases against Epstein and his former associate Ghislaine Maxwell are a matter of public interest, justifying the release of associated grand jury transcripts.

(Reporting by Jonathan... (continue reading...)


Cryptocurrency firm Bullish files for US IPO Jul 18, 2025 05:29PM

(Reuters) -Cryptocurrency firm Bullish on Friday filed for an initial public offering in the United States.

Uncertainty surrounding President Donald Trump's tariff policies slowed down the IPO market amid heightened volatility, but sentiment is shifting as new listings gain traction.

Bullish is expected to list on the NYSE under the symbol "BLSH".

J.P Morgan, Jefferies and Citigroup are among the underwriters for the offering.

... (continue reading...)
Trump appointees pushed for marble in Fed renovation project Jul 18, 2025 05:19PM

By Ann Saphir

(Reuters) -President Donald Trump's appointees to a Washington project review board pushed the Federal Reserve five years ago to use more marble for a renovation project at its headquarters campus that the White House is now using as the basis for attacks on central bank Chair Jerome Powell, saying cost overruns and "ostentatious" features like the premium marble the Fed incorporated into its final design are evidence of mismanagement by the... (continue reading...)


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