Town Hall News

SHANGHAI (Reuters) – A Chinese start-up inspired by lockdown isolation has invented a long-distance kissing machine that transmits users’ kiss data collected through motion sensors hidden in silicon lips, which simultaneously move when replaying kisses received.     The MUA – named after the sound people commonly make when blowing a kiss – also captures and replays sound and warms up slightly during kissing, making the experience more authentic, said […]

By Sharon Bernstein (Reuters) – Florida is looking to expand its ban on teaching young children about sexual orientation and gender identity issues to include all students in its public schools under a new rule set for a vote by the state Board of Education next month. The proposed rule is the latest move by the administration of Republican Governor Ron DeSantis, who is expected to seek his party’s 2024 […]

(Reuters) – President Joe Biden plans to have a brief meeting with Canadian Prime Minister Justin Trudeau’s biggest political rival during an official visit to Canada that begins on Thursday, a senior administration official said. The official said Biden will have a “pull aside” with Conservative leader Pierre Poilievre, who was elected last year to spearhead the party’s bid to oust the Liberals and Trudeau. It’s not uncommon for a […]

(Reuters) – BHP Group on Thursday signed an agreement with an engineering and project management firm Hatch to design an electric smelting furnace pilot plant in Australia in an attempt to slash its greenhouse gas emissions to zero by 2050. The facility will help lower carbon dioxide intensity in steel production using iron ore from the global miner’s Pilbara mines. The plant will be able to produce steel from iron […]

By Howard Schneider, Yoruk Bahceli and Akriti Sharma (Reuters) – The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs after the recent collapse of two U.S. banks. Fed Chair Jerome Powell sought to reassure investors about the soundness of the banking system, saying that the management of Silicon Valley Bank […]

By Howard Schneider, Yoruk Bahceli and Akriti Sharma (Reuters) – The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs after the recent collapse of two U.S. banks. Fed Chair Jerome Powell sought to reassure investors about the soundness of the banking system, saying that the management of Silicon Valley Bank […]

(Corrects Fed policy change in paragraph 6) By Howard Schneider, Yoruk Bahceli and Akriti Sharma (Reuters) – The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs after the recent collapse of two U.S. banks. Fed Chair Jerome Powell sought to reassure investors about the soundness of the banking system, saying […]

(Reuters) – U.S. homebuilder KB Home said on Wednesday net orders in the first two-and-a-half weeks of the ongoing second quarter fell 24% from last year, issuing a rare mid-quarter update due to the ongoing market volatility fueled by a banking crisis. The California-based company expects net orders for the second quarter, which began in March, between 3,000 and 3,700, a 14% decline when compared with the midpoint of the […]

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said banking industry stress could trigger a credit crunch with “significant” implications for an economy that U.S. central bank officials projected will slow even more this year than previously thought. Banks either hit with sudden deposit outflows or worried about them may become steadily more reluctant to lend to businesses and households, a risk […]