WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that there is mounting evidence that the United States can avoid recession this year and achieve a “soft landing” for its economy. Georgieva told reporters that U.S. labor markets remain resilient and consumer demand remains strong despite increases in interest rates to …

IMF’s Georgieva says U.S. may be able to avoid recession in 2023 Read More »

By Nate Raymond (Reuters) – A U.S. government panel tasked with crafting federal sentencing policy on Thursday proposed curtailing the ability of judges to impose longer sentences on criminal defendants based on conduct for which they were acquitted at trial, a practice that the U.S. Supreme Court is considering addressing. The bipartisan U.S. Sentencing Commission …

U.S. panel proposes limiting sentencing of defendants for acquitted conduct Read More »

By Brendan Pierson (Reuters) -California is suing the United States’ leading insulin makers and pharmacy benefit managers, accusing them of using their market power to overcharge patients for the life-saving drug, the state’s attorney general announced on Thursday. The lawsuit, filed in California Superior Court in Los Angeles, targets Eli Lilly and Co, Novo Nordisk …

California lawsuit accuses drugmakers of insulin overcharging Read More »

By Andrew Goudsward and Sarah N. Lynch WASHINGTON (Reuters) – U.S. prosecutors on Thursday accused leaders of the far-right Proud Boys group of plotting an assault on American democracy as one of the most high-profile trials to stem from the Jan. 6, 2021 Capitol attack got underway. In an opening argument, federal prosecutor Jason McCullough …

Proud Boys ‘took aim’ at U.S. democracy, prosecutor tells Jan. 6 trial Read More »

By Alexandra Alper WASHINGTON (Reuters) – The White House will discuss a recent crackdown on exports of chip-making tools to China with Japanese and Dutch officials during upcoming visits, but they will not result in “immediate” pledges from the two countries to impose similar curbs, a person familiar with U.S. officials’ thinking said on Thursday. …

U.S. talks with Japanese, Dutch to yield no immediate China chip export curbs -source Read More »

By Anthony Deutsch, Anna Voitenko and Olena Harmash KHERSON, Ukraine (Reuters) – Oksana Minenko, a 44-year-old accountant who lives in the Ukrainian city of Kherson, said she was repeatedly detained and tortured by occupying Russian forces. Her husband, a Ukrainian soldier, died defending Kherson’s Antonivskyi bridge on the first day of full-scale war, she said. …

Scale of alleged torture, detentions by Russian forces in Kherson emerges Read More »

By Hannah Lang and Chris Prentice WASHINGTON/NEW YORK (Reuters) -The U.S. Securities and Exchange Commission (SEC) on Thursday said it has charged Genesis Global Capital LLC and Gemini Trust Company LLC with illegally selling securities to hundreds of thousands of investors through their crypto lending program. Genesis, a part of Digital Currency Group, entered into …

U.S. securities regulator charges Genesis, Gemini with unregistered offerings Read More »

By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks closed higher on Thursday, extending recent gains as data showing a fall in consumer prices in December bolstered expectations of less aggressive interest rate hikes from the Federal Reserve. U.S consumer prices fell for the first time in more than 2-1/2 years in December, the report …

Wall St ends up as data suggests inflation may be on downward trend Read More »