Dec 23 (Reuters) – Venezuela’s ruling-party controlled National Assembly unanimously approved a law on Tuesday that allows prison sentences of up to 20 years for anyone who promotes or finances what it describes as piracy or blockades. The law, which includes “other international crimes”, comes after recent U.S. actions against Venezuelan oil shipments. The U.S….
By Chuck Mikolajczak Dec 24 (Reuters) – U.S. stocks closed higher on Wednesday, as the Dow Industrials and S&P 500 registered record closing highs in a broad rally during a holiday-shortened session. Indexes have been climbing in recent days, buoyed in part by a rebound in AI-related names after last week’s selloff that was triggered…
NEW YORK, Dec 23 (Reuters) – Billionaire hedge fund manager Louis Bacon has won his long-running defamation lawsuit alleging that former fashion mogul and convicted sex offender Peter Nygard spread lies about him during a public spat over their adjacent properties in the Bahamas. Justice Richard Latin in Manhattan said in an order on Monday that…
Dec 23 (Reuters) – U.S. stock indexes opened lower on Tuesday after stronger-than-expected economic data drove Treasury yields higher, weighing on heavyweight technology stocks. At 09:30 a.m. ET, the Dow Jones Industrial Average fell 62.81 points, or 0.13%, to 48,299.87. The S&P 500 lost 4.69 points, or 0.07%, to 6,873.80, while the Nasdaq Composite dropped…
Dec 22 (Reuters) – President Donald Trump’s return to the White House in 2025 kicked off a frenetic year for global trade, with waves of tariffs on U.S. trading partners that lifted import taxes to their highest since the Great Depression, roiled financial markets and sparked rounds of negotiations over trade and investment deals. His…
By Gabriel V. Cárdenas HOUSTON, Dec 23 (Reuters) – Like teenage girls across the Americas, Kassandra Rivas dreamed of having a quinceañera party, the rite of passage for 15-year-old Latinas. But Rivas, now a 51-year-old transgender woman, said the idea of her celebrating a quinceañera would have been completely alien in her native state of…
Dec 22 (Reuters) – The FTSE 100 closed lower on Monday, after three straight days of gains, as data confirmed Britain’s economy grew at a sluggish pace last quarter. The blue-chip index ended down 0.3%, while the domestically focused midcap FTSE 250 reversed early losses to close up 0.1%, holding near recent seven-week highs. Official…
By Heather Schlitz CHICAGO, Dec 19 (Reuters) – Allyson Lopez had been hoping for business to bounce back at her dress shop in Chicago’s Little Village neighborhood, which specializes in ballgowns for quinceaneras, a coming-of-age ritual in many Latino communities celebrating a girl’s 15th birthday. Instead, this week brought the return of the federal immigration…
BERLIN, Dec 18 (Reuters) – Volkswagen’s Chief Executive Oliver Blume pledged continued cost cutting at Europe’s largest carmaker on Thursday, as the company seeks to remain competitive amid industry-wide challenges. Speaking at the group’s two-day management meeting in Berlin, Blume identified leadership, focus and finances as three central priorities for the new year, a company…
By Francesco Canepa and Balazs Koranyi FRANKFURT, Dec 18 (Reuters) – The European Central Bank kept its policy rates steady on Thursday and revised upwards some of its growth and inflation projections, a move that probably closes the door to further cuts in borrowing costs in the near term. Recent growth figures for the euro…
