WILMINGTON, Delaware (Reuters) -A lawyer for Meta Platforms shareholders who were suing Mark Zuckerberg and other company leaders told a Delaware judge on Thursday that the parties had reached a settlement agreement, ending a $8 billion trial over Facebook’s user privacy violations.
(Reporting by Tom Hals, Editing by Bhargav Acharya;)
(Reuters) -A U.S.-based Wells Fargo banker who works in trade financing has been blocked from leaving China after traveling there recently, the Wall Street Journal reported on Thursday.
Chenyue Mao, a Shanghai-born and Atlanta-based managing director at Wells Fargo, was subjected to an exit ban after she entered China sometime in recent weeks, the report said, citing people familiar with the matter.
The U.S. banking giant has suspended all... (continue reading...)
WASHINGTON (Reuters) -U.S. import prices rebounded marginally in June amid cheaper energy products, but higher costs for consumer goods were consistent with a tariff-driven increase in inflation.
Import prices increased 0.1% last month after a downwardly revised 0.4% decline in May, the Labor Department's Bureau of Labor Statistics said on Thursday. Economists polled by Reuters had forecast import prices, which exclude tariffs, would rise 0.3% after a... (continue reading...)
WASHINGTON (Reuters) -President Donald Trump and Ukrainian President Volodymyr Zelenskiy are considering a deal that involves Washington buying battlefield-tested Ukrainian drones in exchange for Kyiv purchasing weapons from the U.S., Zelenskiy said in an interview with the New York Post.
Zelenskiy said his latest talks with Trump focused on a deal that would help each country bolster its aerial technology.
Ukrainian drones have been able to... (continue reading...)
By Howard Schneider
WASHINGTON (Reuters) -The U.S. Federal Reserve should not cut interest rates "for some time" as the impact of Trump administration tariffs begin passing through to consumer prices, with tight monetary policy needed to keep inflationary psychology in check, Federal Reserve governor Adriana Kugler said on Thursday.
With unemployment stable and low, and inflation pressures building, "I find it appropriate to hold our policy... (continue reading...)
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