Town Hall News

By Pete Schroeder and Hannah Lang WASHINGTON (Reuters) -A top U.S. regulator told a Senate panel on Tuesday that Silicon Valley Bank did a “terrible” job of managing risk before its collapse, fending off criticism from lawmakers who blamed bank watchdogs for missing warning signs. In the first congressional hearing into the sudden collapse of two U.S. regional lenders and the ensuing chaos in markets, both Democratic and Republican lawmakers […]

WASHINGTON (Reuters) – U.S. President Joe Biden said on Tuesday he hoped Israeli Prime Minister Benjamin Netanyahu would jettison the judicial reform law that has sparked protests in Israel and a political crisis for its government. “I hope he walks away from it,” Biden told reporters at the White House. (Reporting by Jeff Mason; Editing by Chris Reese) Brought to you by www.srnnews.com

By Caroline Valetkevitch (Reuters) – U.S. stocks ended slightly lower on Tuesday as investors weighed comments from a top U.S. regulator on struggling banks and sold shares of technology-related names after their recent strong run. Michael Barr, the Federal Reserve’s top banking regulator, told a Senate panel that Silicon Valley Bank did a “terrible” job of managing risk before its collapse. Shares of Apple and Microsoft along with other technology-related […]

By Andrea Shalal DURHAM, North Carolina (Reuters) -President Joe Biden on Tuesday condemned a “sick” epidemic of gun violence against children, one day after a school shooting left three students and three adult staff members dead in Nashville, where he plans a visit. “I never thought when I started my public life that guns would be the number one killer of children in America,” Biden told an audience in North […]

By Laila Kearney NEW YORK (Reuters) – Crude oil prices edged up on Tuesday, extending sharp gains from the previous session on supply disruption risks from Iraqi Kurdistan and hopes that banking sector turmoil is contained. Brent crude futures settled at $78.65 a barrel, up 53 cents, or 0.7%. West Texas Intermediate U.S. crude settled at $73.20 a barrel, gaining 39 cents, or 0.5%. On Monday, prices rallied more than […]

MADRID (Reuters) – World Cup semi-finalists Morocco were held to a 0-0 draw by Peru in a friendly at Atletico Madrid’s Metropolitano Stadium on Tuesday. The stalemate came after Morocco beat Brazil 2-1 in a friendly in Tangier on Saturday in their first game after their heroics at the World Cup in Qatar, where they became the first African and Arab country to reach the final four. It was a […]

By Blake Brittain (Reuters) – Sneaker giant Adidas AG has asked the U.S. Trademark Office to reject an application for a Black Lives Matter trademark featuring three parallel stripes, arguing it could mislead the public. Adidas told the office in a Monday filing that Black Lives Matter Global Network Foundation Inc’s yellow-stripe design would create confusion with its own famous three-stripe mark. It sought to block the group’s application to […]

By Blake Brittain (Reuters) – Sneaker giant Adidas AG has asked the U.S. Trademark Office to reject an application for a Black Lives Matter trademark featuring three parallel stripes, arguing it could mislead the public. Adidas told the office in a Monday filing that Black Lives Matter Global Network Foundation Inc’s yellow-stripe design would create confusion with its own famous three-stripe mark. It sought to block the group’s application to […]

WASHINGTON (Reuters) -A federal judge has ruled that former U.S. Vice President Mike Pence must testify to a grand jury about conversations he had with former President Donald Trump leading up to the January 6, 2021 attack on the U.S. Capitol, a source familiar with the ruling said on Tuesday. In a ruling that remains under seal, the judge also said that Pence can still decline to answer questions related […]