By Ann Saphir (Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee said on Wednesday that the U.S. central bank needs more clarity on inflation and the labor market’s traject[...]
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June 21, 2023
‘A new era’: US regulator allows first sales of lab-grown meat
By Leah Douglas WASHINGTON (Reuters) -Two companies, Upside Foods and Good Meat, said on Wednesday they have received final U.S. Department of Agriculture approval to sell lab-grown meat, paving the w[...]
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Skechers sues Steve Madden over sneaker logo trademarks
By Blake Brittain (Reuters) – Shoe maker Skechers sued fashion company Steve Madden in Los Angeles federal court on Tuesday, claiming its “Kennie” line of sneakers violate Skechers[...]
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Powell says he expects dollar to remain global reserve currency
(Reuters) – Federal Reserve Chair Jerome Powell said on Wednesday he expects the U.S. dollar to remain the world’s reserve currency as long as democratic institutions and the rule of law remain[...]
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Powell says U.S. Fed will make “judgment call” on costs of new regulations
By Pete Schroeder WASHINGTON (Reuters) -Raising U.S. bank capital requirements to guard against future losses could increase the cost of credit but that may be justified to ensure the U.S. banking sys[...]
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‘Progress’ in supply chain as jet orders rack up at Paris air show
PARIS (Reuters) – Jet engine maker Pratt & Whitney flagged “solid progress” in the aerospace supply chain on Wednesday, addressing a key area of concern for planemakers as they c[...]
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Google hit with $15 million verdict in US trial over audio patents
By Blake Brittain (Reuters) – Alphabet’s Google must pay patent holding company Personal Audio LLC $15.1 million for infringing two patents related to audio software, a Delaware federal ju[...]
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Retail investors slow to buy into ARK Innovation Fund’s blistering rally
By David Randall NEW YORK(Reuters) – Individual investors have given a cold shoulder to Cathie Wood’s ARK Innovation Fund during their searing run this year, but some market watchers believe tha[...]
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Wall Street ends lower, pausing rally as Powell testimony looms
By Stephen Culp NEW YORK (Reuters) – U.S. stocks softened on Tuesday, closing in negative territory as investors began the holiday-shortened week by taking profits in the wake of a sustained ral[...]
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