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U.S. retail sales fall in May; producer prices increase
  + stars: | 2021-06-15 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +4 min
Economists polled by Reuters had forecast retail sales declining 0.8%. “Total retail sales are far above the pre-pandemic trend.”Restaurants and bars are the only services category included in the retail sales report. May’s decline in retail sales was also due to a drop in receipts at auto dealerships. Excluding automobiles, gasoline, building materials and food services, retail sales fell 0.7% last month after a revised 0.4% decrease in April. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product.
Persons: Shannon Stapleton, , Lou Crandall, Wrightson, Jerome Powell, Powell, Michael Feroli Organizations: WASHINGTON, REUTERS, Commerce Department, Reuters, , Consumer, Labor Department, PPI, Federal, JPMorgan Locations: Westbury , New York, U.S, Wrightson ICAP, Jersey City, New York
Economists polled by Reuters had forecast retail sales declining 0.8%. May’s decline in retail sales was also due to a drop in receipts at auto dealerships. Excluding automobiles, gasoline, building materials and food services, retail sales fell 0.7% last month after a revised 0.4% decrease in April. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. Retail sales account for the goods component of consumer spending, with services such as healthcare, education, travel and hotel accommodation making up the other portion.
Persons: Shannon Stapleton, , Rubeela Farooqi, Michael Pearce, Jerome Powell, Powell, Michael Feroli Organizations: WASHINGTON, REUTERS, , Commerce Department, Data, Reuters, Retail, Consumers, Treasury, Consumer, Capital Economics, Labor Department, PPI, Federal, JPMorgan Locations: Westbury , New York, U.S, White Plains , New York, New York
Despite last month’s decline reported by the Commerce Department on Tuesday, the trend in retail sales remains strong. Economists polled by Reuters had forecast retail sales declining 0.8%. The retail sales report mostly capture spending on goods, with restaurants and bars the only services category included. REUTERS/Shannon Stapleton/File PhotoExcluding automobiles, gasoline, building materials and food services, retail sales dropped 0.7% after a revised 0.4% fall in April. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product.
Persons: , grandpa, , Tim Quinlan, Shannon Stapleton, Jerome Powell, Bill Adams, Stephen Juneau Organizations: WASHINGTON, Commerce Department, Reuters, Retail, Consumers, REUTERS, Services, Treasury, Labor Department, PPI, Federal, PNC Financial, Bank of America Securities Locations: Wells, Charlotte , North Carolina, Westbury , New York, U.S, Pittsburgh , Pennsylvania, New York
LONDON (Reuters) - Legal & General Investment Management, Britain’s biggest asset manager, said on Tuesday it would drop four companies from a number of its funds over their “insufficient” response to the challenge of climate change, including U.S. insurer AIG. FILE PHOTO: A leaf sits on top of a pile of coal in Youngstown, Ohio, U.S., September 30, 2020. They join nine other companies previously excluded for similar failings by LGIM, which manages 1.2 trillion pounds ($1.7 trillion) in assets, including U.S. oil major Exxon Mobil and Korea Electric Power Corporation. The exclusions follow a commitment by LGIM in October to expand the number of companies it engages with over climate change to 1,000 from 100. As global policymakers gear up for the latest round of climate talks in Glasgow later this year, LGIM Chief Executive Michelle Scrimgeour said asset managers also needed to step up.
Persons: Shannon Stapleton, LGIM, “ We’ve, , Yasmine Svan, Michelle Scrimgeour Organizations: General Investment Management, AIG, REUTERS, Industrial, Commercial Bank of China, PPL Corporation, China, Dairy, Exxon Mobil, Korea Electric Power Corporation, LGIM Locations: U.S, Youngstown , Ohio, LGIM, Glasgow
A leaf sits on top of a pile of coal in Youngstown, Ohio, U.S., September 30, 2020. REUTERS/Shannon Stapleton/File PhotoLegal & General Investment Management, Britain’s biggest asset manager, said on Tuesday it would drop four companies from a number of its funds over their “insufficient” response to the challenge of climate change, including U.S. insurer AIG (AIG.N). The exclusions follow a commitment by LGIM in October to expand the number of companies it engages with over climate change to 1,000 from 100. During the current season for annual general meetings, LGIM said 130 companies would face votes against for not meeting its minimum climate change standards, mostly in the banking, insurance, real estate, tech and telecoms sectors. As global policymakers gear up for the latest round of climate talks in Glasgow later this year, LGIM Chief Executive Michelle Scrimgeour said asset managers also needed to step up.
Persons: Shannon Stapleton, LGIM, We've, Yasmine Svan, Michelle Scrimgeour Organizations: REUTERS, General Investment Management, AIG, Industrial, Commercial Bank of China, PPL Corporation, China, HK, Exxon Mobil, Korea Electric Power Corporation, LGIM, Thomson Locations: Youngstown , Ohio, U.S, LGIM, Glasgow
Median expectations for what inflation will look like over the next year rose for the seventh consecutive month to 4% in May. That is up from 3.4% in April and reaches a new high for the series, which launched in 2013. Expectations for inflation over the next three years increased more modestly to 3.6% from 3.1%. Consumers also shared a much brighter outlook for the labor market at a time when more businesses are opening up, travel is increasing and hiring is improving. The average expectation that the U.S. unemployment rate will be higher one year from now dropped to a series low of 31.9% in May, down from 34.6% in April.
Persons: Shannon Stapleton Organizations: REUTERS, Federal Reserve Bank of New, Consumers, Workers Locations: Westbury , New York, U.S, Federal Reserve Bank of New York
U.S. to expand work permits for immigrants who are crime victims
  + stars: | 2021-06-14 | by ( Ted Hesson | ) www.reuters.com sentiment -0.98   time to read: +2 min
REUTERS/Shannon StapletonA new U.S. immigration policy set to be announced on Monday will expand access to work permits and deportation relief to some immigrants who are crime victims while their visa cases are pending, according to a summary reviewed by Reuters. Under Trump, U.S. immigration authorities made it easier to deport U visa applicants, drawing opposition from advocates for immigrants. To qualify for a visa, applicants must be victims of domestic violence, trafficking or other serious crimes. The number of U visa applicants who will qualify for work permits under the new policy remains unclear. USCIS is currently considering nearly 269,000 U visa applicants, according to agency data current to December.
Persons: Shannon Stapleton, Joe Biden, Donald Trump, USCIS, Alejandro Mayorkas Organizations: U.S . Citizenship, Immigration Services, New York Public Library, REUTERS, Reuters, U.S, Citizenship, Democratic, Republican, Trump, United States, Homeland, Thomson Locations: U.S, Manhattan , New York, United States
Wasabi, a Pekingese of East Berlin, Pennsylvania sits after winning the Best in Show at the 145th Westminster Kennel Club Dog Show during a photo opportunity at the Empire State Building in New York City, U.S., June 14, 2021. Gail Miller Bisher, Westminster Kennel Club director of communications, said Wasabi had an impressive pedigree. "Wasabi's grandfather actually won Best in Show in 2012, Malachy was his name. Bisher said Wasabi won because of his rolling gait and confidence. Holding Wasabi on the Empire State observation deck, his fur flying in the wind, breeder-owner-handler, David Fitzpatrick, described how thrilling it was to win.
Persons: Shannon Stapleton Wasabi, Gail Miller Bisher, Wasabi, Malachy, Bisher, David Fitzpatrick, he's Organizations: 145th Westminster Kennel, Empire, REUTERS, Westminster Kennel, Westminster Kennel Club, Thomson Locations: East Berlin , Pennsylvania, New York City, U.S, New York, Manhattan, Madison, Hudson, Tarrytown, United States
Hong Kong democracy activist Agnes Chow released from prison
  + stars: | 2021-06-12 | by ( ) www.reuters.com sentiment -0.94   time to read: +2 min
Hong Kong pro-democracy activist Agnes Chow speaks to the media before entering Eastern Magistrates' Courts in Hong Kong, China, November 8, 2019. REUTERS/Shannon StapletonHong Kong pro-democracy activist Agnes Chow was released from prison on Saturday after serving nearly seven months for her role in an unauthorised assembly during anti-government protests in the city in 2019. Supporters shouted "Agnes Chow add oil", a Cantonese-language expression of encouragement that was widely used at the protests that roiled the city. Fluent in Japanese, Chow has a sizable following in Japan, particularly on social media and had travelled to the country frequently before her arrest. She often posted on Twitter in Japanese and Japanese media has dubbed her a “goddess of democracy”.
Persons: Agnes Chow, Shannon Stapleton, Joshua Wong, Wong, Chow, Nathan Law, Hong Kong Organizations: REUTERS, Correctional Services Department, Tai Lam Correctional, Twitter, Thomson Locations: Hong Kong, Eastern, China, Shannon Stapleton Hong Kong, Tai, Tuen Mun, Hong Kong's, Territories, Britain, Beijing, Hong, Japan
NEW YORK (Reuters) - When Brian Moynihan took the reins at Bank of America Corp in 2010, the U.S. bank was reeling. Since then, Moynihan, 61, has not just righted the ship, but transformed Bank of America, leaving analysts, industry people and some investors wondering what - and who - comes next. That leaves Moynihan with a new challenge over the next few years: determining who would best replace him, and marketing that person to the world without alienating other senior executives. Yet it leaves Moynihan as the longest-tenured CEO on Wall Street who has not offered a crisp idea of who is next, analysts said. “Now that he has four or five years of runway left, investors should be rightfully saying, ‘Hmmm,’” said one former bank employee.
Persons: Brian Moynihan, Shannon Stapleton, Moynihan, , , Sydney Finkelstein, Ken Lewis, Finkelstein, “ You’re, ” Moynihan, Piper Sandler, Jeffery Harte, , ’ ”, Raul Anaya, Dean Athanasia, Cathy Bessant, Steve Boland, Alastair Borthwick, Jim DeMare, Andy Seig, PNC’s Mike Lyons, Mark Chancy, Moynihan’s, Tom Montag, Montag, Warren Buffett, ” Buffett Organizations: YORK, Bank of America Corp, Bloomberg Global Business, REUTERS, of America, Bank of America’s, Dartmouth’s Tuck School of Business, Bank of America, Wall, Bank of, Justice Department Locations: U.S, New York City , New York, Bank
A former Subway employee who started at the company in the 1980s said DeLuca was obsessed with opening stores. That included the wives of Subway franchisees, this person and others said. Shortly after DeLuca died, Subway's board, led by Buck and Elisabeth DeLuca, hired Bain and Co. to assist in a turnaround. Buck, Elisabeth, and their sons restructured the company in 2018 and continue to steer the sinking ship, but mostly behind the scenes. Elisabeth moved to Florida after DeLuca died, and quietly started The Elisabeth C. DeLuca Foundation last year.
Persons: Fred DeLuca, , Benzes, Eager, DeLuca, DeLuca seething would've, Frugality didn't, Mark Peterson, Getty, floundering, who'd, Roger Lipton, Elisabeth, Peter Buck, Buck, he'd, Fred's, Carmela, McDonald's, — DeLuca, DeLuca's, Suzanne, Jonathan, Ana DeLuca, Don Fertman, Dick Pilchen, Ana DeLuca's, Ana, Liz, Cindy Mattson, Luca, Mattson, Luca —, Fred, John Haynes, Haynes, Fran Saavedra, Saavedra —, Saavedra, Diddy, DeLuca's stinginess, Keith Kanouse, Fortune, I've, Diane Bondareff, shivers, Jared Fogle, Fogle, Fogle's, Tony Pace, Jared, Matt Sayles, Kathleen McLaughlin, Cindy Mills, Mills, Fogle —, Suzanne Greco, Greco, Bizuayehu, Miley Cyrus, Subway's, Elisabeth DeLuca, Bain, Nancy Luna, Trevor Haynes, John Chidsey, Burger, Chidsey, Frederick A, Elisabeth C, John Gordon, Burger King, Shannon Stapleton, James Marshall Organizations: Eden Roc Hotel, Miami Beach ., Subway, Foods, Pete's, University of Bridgeport, KFC, Starbucks, Boca, Forbes, Indiana University, New York Daily News, Fogle, Wall Street Journal, Greco's, New York Times, DeLuca Foundation, Restaurant Brands, Inspire Brands, Sonic, Reuters, 3G Capital, Bucks Locations: Miami Beach, Bentleys, Lincoln, Bronx , New York, Connecticut, Subway, Boca Raton, , Connecticut, Fort Lauderdale , Florida, Orange , Connecticut, Florida, Canada, Toronto, Australia, Invision, Fogle, Indiana, Milford, Burger King, Miami
Police release tear gas into a crowd of pro-Trump protesters during clashes at a rally to contest the certification of the 2020 U.S. presidential election results by the U.S. Congress, at the U.S. Capitol Building in Washington, U.S, January 6, 2021. REUTERS/Shannon Stapleton/File PhotoU.S. prosecutors have charged six members of the right-wing Three Percenters militia group with conspiring to attack the U.S. Capitol on Jan. 6, an indictment unsealed on Thursday in federal court in Washington showed. Federal prosecutors have already brought similar conspiracy cases against members of two other right-wing groups, The Oath Keepers and The Proud Boys. Those pending cases are the largest and most complex of the roughly 500 brought by the Justice Department in the months since the deadly attack carried out by supporters of former President Donald Trump. Our Standards: The Thomson Reuters Trust Principles.
Persons: Shannon Stapleton, Donald Trump Organizations: Trump, U.S . Congress, U.S, Capitol, REUTERS, Federal, Justice Department, Thomson Locations: Washington , U.S, Washington
FILE PHOTO: People shop for clothes at a Target retail chain in Westbury, New York, U.S., May 20, 2021. REUTERS/Shannon Stapleton(Reuters) - The National Retail Federation (NRF) on Wednesday raised its growth expectations for U.S. retail sales in 2021 to between 10.5% and 13.5%, as more Americans get inoculated and the economy reopens at a more accelerated pace than previously predicted. The trade group now expects annual U.S. retail sales of between $4.44 trillion and $4.56 trillion, from its previous estimates, issued in February, of between 6.5% and 8.2%, or more than $4.33 trillion. “We are seeing clear signs of a strong and resilient economy,” NRF Chief Economist Jack Kleinhenz said. The U.S. retail group also forecast GDP growth to approach 7% in 2021, higher than the 4.4% and 5% projected earlier this year.
Persons: Shannon Stapleton, Jack Kleinhenz, ” Kleinhenz Organizations: REUTERS, Reuters, National Retail Federation Locations: Westbury , New York, U.S
U.S. wholesale inventories unrevised in April
  + stars: | 2021-06-09 | by ( ) www.reuters.com sentiment -0.96   time to read: +1 min
REUTERS/Shannon StapletonU.S. wholesale inventories increased strongly in April as businesses continued to replenish stocks to meet pent-up demand, supporting expectations for robust economic growth this quarter. The Commerce Department said on Wednesday that wholesale inventories rose 0.8% as estimated last month. Wholesale inventories increased 5.2% in April from a year earlier. Economists polled by Reuters had forecast that April's increase in wholesale inventories would be unrevised. The component of wholesale inventories that goes into the calculation of gross domestic product also increased 0.8%.
Persons: Shannon Stapleton Organizations: REUTERS, Commerce Department, Reuters, Thomson Locations: Robbinsville , New Jersey, U.S
U.S. wholesale inventories rise solidly; supply constraints loom
  + stars: | 2021-06-09 | by ( Lucia Mutikani | ) www.reuters.com + 0.00   time to read: +2 min
REUTERS/Shannon StapletonU.S. wholesale inventories increased strongly in April as businesses replenished stocks to meet pent-up demand, but supply constraints could make it harder to maintain the current pace of inventory rebuilding. The Commerce Department said on Wednesday that wholesale inventories rose 0.8% as estimated last month. Wholesale inventories increased 5.2% in April from a year earlier. Economists polled by Reuters had forecast that April's increase in wholesale inventories would be unrevised. Though wholesale inventories of motor vehicles rose in April, they were down 3.3% on a year-on-year basis.
Persons: Shannon Stapleton, Matt Colyar, Mike Englund Organizations: REUTERS, Commerce Department, Reuters, West Chester Pennsylvania, Manufacturers, Thomson Locations: Robbinsville , New Jersey, U.S, West Chester, Boulder , Colorado
U.S. stocks end lower ahead of inflation report
  + stars: | 2021-06-09 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +4 min
However, other meme stocks such as Clover Health (CLOV.O), AMC Entertainment (AMC.N) and Bed Bath & Beyond (BBBY.O) closed lower. "It feels like alternative stock market," Carlson added. A street sign, Wall Street, is seen outside New York Stock Exchange (NYSE) in New York City, New York, U.S., January 3, 2019. Among the 11 major sectors in the S&P 500, healthcare gained the most. The S&P 500 posted 38 new 52-week highs and two new lows; the Nasdaq Composite recorded 126 new highs and 14 new lows.
Persons: Chuck Carlson, Carlson, Matt Furlong, Joe Biden, Shelley Capito, Shannon Stapleton, Campbell, Biden, Drugmaker, advancers Organizations: U.S . Federal, Horizon Investment, Aethlon, GEO, Wrestling Entertainment, Clover Health, AMC Entertainment, Vanda Research, GameStop Corp, GameStop, U.S, New York Stock Exchange, REUTERS, Representatives, Philadelphia, Semiconductor, Labor, Dow Jones, Nasdaq, Treasury, Pfizer Inc, Washington Post, Drugmaker Merck, Co, NYSE, Thomson Locations: Hammond , Indiana, New, New York City , New York, U.S, Washington, States
White House sees supply chain bottlenecks resolving in coming weeks
  + stars: | 2021-06-08 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: 1 min
FILE PHOTO: Products are seen inside the warehouse of Defender Safety in Plainview, New York, U.S., March 24, 2021. REUTERS/Shannon StapletonWASHINGTON (Reuters) - The White House fully expects bottlenecks in the global supply chain and rising prices for some products to be temporary and resolve themselves in coming weeks, the deputy director of the National Economic Council said on Tuesday. Sameera Fazili told a White House briefing that price increases and other issues were largely a product of a quicker-than-expected recovery in the U.S. economy that had spurred unexpectedly higher demand for certain goods. She said the private sector would also have a role to play in addressing longer-term structural vulnerabilities in U.S. supply chains.
Persons: Shannon Stapleton WASHINGTON, Sameera Fazili Organizations: REUTERS, White, National Economic Locations: Plainview , New York, U.S
U.S. Senate committees urge new security steps after Capitol riot
  + stars: | 2021-06-08 | by ( Susan Cornwell | ) www.reuters.com sentiment -1.00   time to read: +2 min
REUTERS/Shannon Stapleton/File PhotoTwo Senate committees assessing security at the U.S. Capitol in light of January's deadly attack recommended on Tuesday giving the Capitol Police chief greater authority and developing plans for rapid response by the Pentagon. During the Jan. 6 riot by supporters of then-President Donald Trump, the Pentagon spent hours assessing pleas for help from Capitol Police, the committees found in a bipartisan report. The Senate Rules and Homeland Security committees in the report recommended empowering the Capitol Police chief to ask directly for D.C. National Guard help in an emergency. A Senate aide said the committees found no evidence of foot-dragging at the White House that delayed the National Guard response. Republican opponents said the Senate committees' probe, as well as ongoing prosecutions, are enough investigation.
Persons: Shannon Stapleton, Donald Trump, Amy Klobuchar, Roy Blunt, Trump, Gary Peters Organizations: Trump, U.S, Capitol, U.S . Congress, REUTERS, Capitol Police, Pentagon, D.C, National Guard, Homeland Security, Capitol Police Board, House, Senate Homeland Security, Republicans, Thomson Locations: Washington , U.S
Double Eagle coin sells for record-setting $19.5 million
  + stars: | 2021-06-08 | by ( ) www.reuters.com sentiment -1.00   time to read: +2 min
The 1933 Double Eagle coin is seen encased during a media preview before auction at Sotheby's in New York City, U.S., June 4, 2021. REUTERS/Shannon Stapleton/File PhotoA 1933 Double Eagle gold coin sold for a record-setting $19.5 million at auction in New York on Tuesday, and the world's rarest stamp went for $8.3 million. The coin, the only 1933 Double Eagle ever allowed to be privately owned, was expected to sell for between $10 million and $15 million at the Sotheby's auction in New York. The coin, with a face value of $20 and distinctive design of an American eagle in flight one side and Liberty striding forward on the other, was the last gold coin struck for circulation in the United States. Weitzman on Tuesday also sold a British Guiana One-Cent Magenta stamp, issued in 1856, for $8.3 million.
Persons: Shannon Stapleton, Stuart Weitzman, Franklin Roosevelt, Weitzman Organizations: REUTERS, Eagle, Liberty, South, Thomson Locations: Sotheby's, New York City, U.S, New York, United States, Madrid, Guiana, South American
Wall Streeters outpace Europeans back to office
  + stars: | 2021-06-07 | by ( Aimee Donnellan | ) www.reuters.com + 0.00   time to read: +3 min
Barclays (BARC.L), Deutsche Bank (DBKGn.DE) and HSBC (HSBA.L), (0005.HK) are being laxer. Sidewalk-pounding bankers working at Wall Street firms might win more facetime with clients, and an even greater share of deals. Compare that with Barclays, HSBC and Deutsche Bank. HSBC CEO Noel Quinn reckons the bank can slash 40% of its physical office space over time. - Goldman Sachs in May asked U.S.-based employees to return to working in the office by June 14 and in the UK by June 21.
Persons: Shannon Stapleton, Jamie Dimon, Goldman Sachs ’, David Solomon, Dimon, Goldman’s Solomon, Noel Quinn, Barclays ’ Jes Staley, Goldman, , Goldman Sachs Organizations: REUTERS, JPMorgan, Barclays, Deutsche Bank, HSBC, HK, Wall, Deutsche’s, Deutsche, Reuters, May, U.S Locations: New York, U.S, City, London, United States, Britain, Manhattan, Deutsche’s U.S, England
But regular investors who were trading the company in the public market had little inkling that Cheesecake Factory was in a tailspin. The SEC is supposed to be one of the cops monitoring businesses in the US and policing white-collar crime. In the 1920's a similar tolerance led to a massive stock market bubble bursting and sucking up all the cash from banks around the country. In her newsletter, The Dig, McKenna takes a deep dive into all sorts of accounting and governance issues at public companies. If they don't, that ominous rumbling we hear in the stock market will turn out to be the sound of our economy imploding yet again.
Persons: , wrongdoers, watchdogs, it's, Armour, Kevin Plank, Shoshy, Francine McKenna, McKenna, Jay Clayton Jacquelyn Martin, Reagan, Daniel Taylor —, Taylor, Andrew Mellon, John Jakob Raskob, Trung Nguyen, Terrence Blackburne, Jay Clayton, Trump, Alex Wong, Biden, Clayton, Gary Gensler, Goldman Sachs, Obama, Gensler, Elon Musk, Gary, Luigi Zingales —, Zingales, — Fred Wilson, Fred Ersham —, Wilson, Shannon Stapleton, Jim Chanos, Chanos, that's, I'd, It's Organizations: Cheesecake Factory, Factory, Securities and Exchange Commission, Cheesecake, SEC, America, General Electric, GE, American University, Regulators, Federal Trade Commission, PricewaterhouseCoopers, Former Securities and Exchange, Trump, UPenn's Wharton, Home, New York Stock Exchange, RCA, Harvard Business School, FBI, Oregon State University, Financial Industry Regulatory Authority, University of Chicago, Coinbase, Reuters, CPA, Better, Investors Locations: America, United States, ., Washington, Palantir
Pentagon not to allow pride flags to be flown on installations
  + stars: | 2021-06-04 | by ( ) www.reuters.com sentiment -0.99   time to read: +2 min
A rainbow flag, commonly known as the gay pride flag or LGBT pride flag, blows in the wind inside Christopher Park outside the Stonewall Inn in New York, U.S., June 27, 2019. REUTERS/Shannon Stapleton/File PhotoThe Pentagon said on Friday that it would not make an exception to allow U.S. military installations to fly rainbow pride flags in June, keeping a policy set by former President Donald Trump that limited the type of flags that could be flown on bases. In July 2020, Trump's Pentagon issued a policy authorizing only certain flags on military installations and was seen as a way for then-Defense Secretary Mark Esper to issue a de facto ban on displaying the Confederate flag without specifically mentioning it. "There won't be an exception made this month for the pride flag," Pentagon spokesman John Kirby said. A 2015 RAND study found that 5.8 percent of service members identified as either lesbian, gay or bisexual.
Persons: Shannon Stapleton, Donald Trump, Joe Biden, Mark Esper, John Kirby, Kirby, Biden, Trump’s, Mike Pompeo Organizations: REUTERS, Pentagon, Pride, Trump's Pentagon, RAND, Biden White, Thomson Locations: Christopher, New York, U.S, India, Australia
The leading Democratic contenders for New York City mayor, former presidential candidate Andrew Yang and Brooklyn Borough President Eric Adams, faced harsh attacks from each other and a half dozen rivals during a televised debate on Wednesday. "We know that you've been investigated for corruption everywhere you've gone," Yang said, calling Adams "unprincipled." 1/3 Andrew Yang, Democratic candidate for mayor of New York City, speaks during a rally against Asian hate crimes following the May 31, 2021 unprovoked attack on a 55 year old Asian woman, in Manhattan's Chinatown district of New York City, U.S., June 2, 2021. Yang responded by defending his experience as a surrogate for national Democrats, including President Joe Biden, during last year's election. The candidates spent much of the two-hour debate clashing over policing and crime, with polls showing public safety is voters’ top concern.
Persons: Andrew Yang, Eric Adams, Yang, Scott Stringer, Maya Wiley, Yang –, , you've, Adams, Shannon Stapleton Read, Joe Biden, Kathryn Garcia, , Stringer, Dianne Morales Organizations: Democratic, New York City, Brooklyn Borough, Republican, MSNBC, Adams, REUTERS, Democrats, Thomson Locations: Brooklyn, New York City, Manhattan's Chinatown, U.S, New York
Rent the Runway follows the trend
  + stars: | 2021-06-03 | by ( ) www.reuters.com sentiment -0.99   time to read: +1 min
A woman looks at clothes at the Rent The Runway store, an online subscription service for women to rent designer dress and accessory items, in New York City, September 12, 2019. REUTERS/Shannon StapletonIs it better to follow the trend or set it? Rent the Runway, an online clothing rental company, is interviewing banks for an initial public offering, according to Bloomberg. ThredUp has increased almost a fifth since it listed shares in early March, strongly outperforming Lululemon. That’s despite that Lululemon is expected to report on Thursday a more than 70% increase in first-quarter sales year-over-year, according to Refinitiv.
Persons: Shannon Stapleton, Lululemon, Jennifer Saba Organizations: REUTERS, Bloomberg Locations: New York City, EU
These differ from a charge of seditious conspiracy alleging attempts "to overthrow, put down or to destroy by force the government of the United States." Federal prosecutors first raised the idea of charging Capitol rioters with seditious conspiracy at a Jan. 26 news conference. Justice Department spokesman Marc Raimondi declined to comment on the department's current views on bringing seditious conspiracy charges, referring a journalist to prior court documents and news releases. Seditious conspiracy charges featured prominently in a case federal authorities brought in 1987 against leaders and members of a neo-Nazi group known as The Order. Fourteen alleged members or supporters were indicted, with 10 facing seditious conspiracy counts.
Persons: Shannon Stapleton, Leanne B, Donald Trump, Michael Sherwin, Sherwin, Joshua Braver, Marc Raimondi, Trump, Sheikh Omar Abdel Rahman, Sheikh, Kathleen Belew Organizations: Trump, U.S . Congress, U.S, Capitol, REUTERS, U.S . Capitol, Capitol Police, District of Columbia, University of Wisconsin Law School, Justice, U.S . House, Senate, Justice Department, Puerto Rican, University, Chicago Locations: Washington , U.S, United States, Nazi
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