By Jarrett Renshaw and Kat Stafford
(Reuters) - The NAACP urged President Joe Biden on Thursday to "indefinitely" halt all weapons deliveries to Israel and pressure the U.S. ally to end its war in the Gaza Strip, sending a reminder that his support for Israel could hurt him among Black voters in November's election.
The NAACP's call was a rare instance of the influential civil rights organization taking a position on U.S. foreign policy... (continue reading...)
FRANKFURT, June 6 (Reuters) - The European Central Bank cut borrowing costs from record highs on Thursday, acknowledging progress in its battle against high inflation but also signalling that fight had yet to be won as inflation was set to remain too high until next year.
Following are highlights of ECB President Christine Lagarde's comments at a news conference after the policy meeting.
WAGE GROWTH
"Forward-looking indicators... (continue reading...)
DUBAI (Reuters) - Yemen's Houthi group said on Thursday it launched two joint military operations with the Iraqi Islamic Resistance against ships at Israel's Haifa port.
"The first targeted two ships carrying military equipments in the port of Haifa, while the second targeted a ship that violated the decision to ban entry to the port," Houthi military spokesperson Yahya Saree said in a televised statement.
The Houthis, who control Yemen's... (continue reading...)
(Reuters) - U.S. worker productivity grew slightly less than previously estimated in the first quarter but exceeded market expectations, and unit labor costs rose by less than first thought, data from the Labor Department showed on Thursday, although the revision seems unlikely to allay Federal Reserve officials' hesitance to turn to rate cuts in the near term.
Nonfarm productivity, which measures hourly output per worker, increased at a 0.2%... (continue reading...)
(Reuters) - Jif peanut butter maker JM Smucker topped Wall Street estimates for fourth-quarter profit on Thursday, helped by higher prices of condiments and frozen food as well as lower input costs, sending its shares up 2% before the bell.
Benefits from price hikes helped the company shield its margins from rising costs of coffee. It further benefited from manufacturing and commodities prices coming down from their peak.
The Dunkin'... (continue reading...)
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