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U.S. Supreme Court Associate Justice Stephen Breyer is seen during a group portrait session for the new full court at the Supreme Court in Washington, U.S., November 30, 2018. REUTERS/Jim Young/File PhotoWASHINGTON, Jan 27 (Reuters) - President Joe Biden and U.S. Supreme Court Justice Stephen Breyer will appear together on Thursday at the White House to deliver remarks about the 83-year-old jurist's plan to retire from the highest U.S. judicial body, the White House said. The White House event is scheduled for 12:30 p.m. Biden as a candidate for president promised to nominate the first Black woman to fill any Supreme Court vacancy. White House Press Secretary Jen Psaki on Wednesday said Biden will honor that pledge.
Persons: Stephen Breyer, Jim Young, Jan, Joe Biden, Breyer, Biden, Donald Trump, Mitch McConnell, Amy Coney Barrett, McConnell, Jen Psaki, Ketanji Brown Jackson, Leondra Kruger, Bill Clinton, Lawrence Hurley, Doina, Andew Chung, Will Dunham Organizations: Supreme, REUTERS, U.S, White, Republican, Reuters.com Register, White House Press, Wednesday, California Supreme, Democratic, Thomson Locations: Washington , U.S, California, Washington, New York
REUTERS/Elizabeth Frantz/File PhotoWASHINGTON, Jan 27 (Reuters) - President Joe Biden on Thursday called on Congress to immediately enshrine the Equal Rights Amendment in the U.S. Constitution and formally protect women's rights decades nearly a century after lawmakers first raised them. In a statement, Biden urged Congress "to pass a resolution recognizing ratification of the ERA," saying recent legal analysis showed there was nothing preventing lawmakers from acting. The Democratic president's call comes amid jostling over the deadline to enact the ERA, which passed Congress in 1972 with a 1982 deadline to be enacted if 38 state legislatures voted to approve. The resolution "reaffirms what we already know to be true: the Equal Rights Amendment is the 28th amendment to the U.S. Constitution," Maloney said. The issue also remains entangled in the federal courts: Virginia, Illinois and Nevada sued to have the ERA declared valid.
Persons: Elizabeth Frantz, Jan, Joe Biden, Biden, Donald Trump, Carolyn Maloney, Maloney, Susan Heavey, David Morgan, Doina, Tomasz Janowski, Jonathan Oatis Organizations: U.S, Capitol, REUTERS, Constitution, Democratic, Reuters.com, Democrats, U.S . House, Senate, Republican, Department, U.S . National Archives, Records Administration, Justice, Thomson Locations: Washington , U.S, U.S, Virginia, Virginia , Illinois, Nevada
Biden, buoyed by GDP figures, urges Congress to pass bills
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: 1 min
U.S. President Joe Biden answers questions from reporters in the East Room of the White House in Washington, U.S., August 10, 2021. REUTERS/Evelyn Hockstein/File PhotoWASHINGTON, Jan 27 (Reuters) - U.S. President Joe Biden welcomed the strong GDP growth figure released on Thursday, saying his economic plan is working and urging Congress to pass legislation to make the United States more competitive. "I urge Congress to continue this momentum by passing legislation to make America more competitive, bolster our supply chains, strengthen our manufacturing and innovation, invest in our families and clean energy, and lower kitchen table costs," Biden said in a statement. Register now for FREE unlimited access to Reuters.com RegisterReporting by Doina Chiacu;Our Standards: The Thomson Reuters Trust Principles.
Persons: Joe Biden, Evelyn Hockstein, Jan, Biden, Doina Chiacu Organizations: White, REUTERS, America, Thomson Locations: Washington , U.S, United States
REUTERS/Kevin LamarqueWASHINGTON, Jan 27 (Reuters) - U.S. President Joe Biden on Thursday called on Congress to immediately act to enshrine the Equal Rights Amendment in the U.S. Constitution and formally protect women's rights decades after lawmakers adopted them. Biden, in a statement released by the White House, urged Congress "to pass a resolution recognizing ratification of the ERA" after a recent legal analysis said there was nothing preventing lawmakers from acting. "We must recognize the clear will of the American people and definitively enshrine the principle of gender equality in the Constitution. "No one should be discriminated against based on their sex—and we, as a nation, must stand up for full women’s equality." Register now for FREE unlimited access to Reuters.com RegisterReporting by Susan Heavey Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.
Persons: Joe Biden, Stephen Breyer, Breyer, Kevin Lamarque WASHINGTON, Jan, Biden, Donald Trump, Susan Heavey, Tomasz Janowski Organizations: Supreme, White, REUTERS, Constitution, Justice Department, Thomson Locations: Washington , U.S, U.S
The sun sets on the U.S. Supreme Court after it was reported U.S. Supreme Court Justice Stephen Breyer will retire at the end of this term, in Washington, U.S., January 26, 2022. Biden's chance to pick a Supreme Court justice gives the White House an opportunity to tell a positive story, said Kyle Kondik, a political analyst at the University of Virginia's Center for Politics. Black women judges such as Washington, D.C.-based federal appeals court judge Ketanji Brown Jackson and California Supreme Court Justice Leondra Kruger are among those likely to be in contention. As with the abortion and gun cases, if the conservative justices all vote in lockstep, the liberal justices have no leverage. The court, with conservative Justice Amy Coney Barrett, would have four women justices serving together for the first time.
Persons: Stephen Breyer, Joshua Roberts, Jan, Joe Biden, Donald Trump, Biden White, Kyle Kondik, Kondik, Ketanji Brown Jackson, Justice Leondra Kruger, Breyer, Kamala Harris, Biden, Kelsi Brown, Roe, Wade, Carolyn Shapiro, Justice Elena Kagan, Sonia Sotomayor, Amy Coney Barrett, Kent's Shapiro, Clarence Thomas, Ruth Bader Ginsburg, Shapiro, Lawrence Hurley, Andrew Chung, Jason Lange, Scott Malone, Grant McCool Organizations: U.S, Supreme, REUTERS, Democratic, University of Virginia's Center, Politics, White, D.C, California Supreme, Republicans, Senate, Capitol, Georgetown University Law Center, Chicago, Kent College of Law, Thomson Locations: U.S, Washington , U.S, COVID, Washington, California, Mississippi, New York, lockstep, Chicago
The founder of the far-right militia group the Oath Keepers must remain in custody pending his trial on charges in the Jan. 6 attack on the U.S. Capitol, a federal judge in Texas ruled Wednesday. Elmer Stewart Rhodes, charged with seditious conspiracy and other counts, poses a danger if released, U.S. Magistrate Judge Kimberly Priest Johnson wrote in a 17-page ruling. The ruling also says Rhodes could easily flee, and that the Oath Keepers that he leads has members across the nation. Rhodes, 56, of Granbury, Texas, has been detained since his arrest Jan. 13. Prosecutors say Rhodes spearheaded a conspiracy in which he recruited people to go to Washington on Jan. 6, 2021, including plans for an armed “quick reaction force” in Virginia.
Persons: Elmer Stewart Rhodes, Kimberly Priest Johnson, Johnson, Rhodes, Jan, , James Lee Bright, Phillip Linder, Donald Trump, Joe Biden Organizations: U.S . Capitol, Prosecutors, Trump, Capitol, Washington , D.C, Associated Press, NBC, Fort Worth Locations: Texas, Granbury , Texas, Washington, Virginia, Washington ,, NBC Dallas
Russia has demanded NATO pull back troops and weapons from eastern Europe and bar its neighbour Ukraine, a former Soviet state, from ever joining. DIALOGUEIn Paris, diplomats from Russia, Ukraine, France and Germany held more than eight hours of talks on ending a separatist conflict in eastern Ukraine, part of the wider crisis between Moscow and Kyiv that risks becoming a full-scale war. 1/3 U.S. Secretary of State Antony Blinken speaks about Russia and Ukraine during a briefing at the State Department in Washington, U.S., January 26, 2022. A day after the U.S. delivered Javelin anti-tank missiles, launchers and other hardware to Ukraine, Germany came under criticism for saying it would supply Kyiv with 5,000 military helmets while stopping short of providing weapons. U.S. officials say they are in talks with major energy-producing countries and companies worldwide over a potential diversion of supplies to Europe if Russia invades Ukraine.
Persons: Blinken, Jan, Antony Blinken, Wang Yi, Ned Price, Vladimir Putin, Alexander Grushko, Joe Biden, Putin, Dmitry Peskov, Brendan Smialowski, Peskov, Dmytro Kuleba, Vitali Klitschko, Jen Psaki, Psaki, John Irish, Rami Ayyub, Mark Trevelyan, Gareth Jones, Grant McCool, Michael Perry Organizations: Kremlin, United, Foreign, State Department, NATO, Washington, U.S, Putin, REUTERS Read, Wednesday, . State Department, White, United States, Reuters, Thomson Locations: Kremlin Russia, Ukraine, Paris WASHINGTON, MOSCOW, United States, Europe, Moscow, U.S, Russia, Soviet, Washington, Britain, Paris, France, Germany, Kyiv, Normandy, Berlin, Washington , U.S, Belarus
Signage is seen at the headquarters of the Federal Communications Commission in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File PhotoWASHINGTON, Jan 26 (Reuters) - The U.S. Senate Commerce Committee is set to vote Feb. 2 on nominees to head the auto safety agency and to open seats on the Federal Communications Commission (FCC) and Federal Trade Commission (FTC) among other positions, according to a notice seen by Reuters. Register now for FREE unlimited access to Reuters.com RegisterThe committee is also set to vote on Gigi Sohn for the FCC. If she were confirmed by the Senate, it would give Democrats control of the FCC, which is currently split 2-2. The committee is to consider Alvaro Bedoya to serve on the FTC, according to the notice.
Persons: Andrew Kelly, Jan, Steven Cliff, Cliff, Gigi Sohn, Sohn, Tom Wheeler, Barack Obama, Donald Trump, Alvaro Bedoya, Biden, Bedoya, David Shepardson, Kim Coghill, Shailesh Organizations: Federal Communications Commission, Washington , D.C, REUTERS, U.S, Senate, Federal Trade Commission, Reuters, Traffic Safety Administration, California Air Resources Board, Tesla, FCC, Georgetown Law's Center, Privacy & Technology, U.S ., Thomson Locations: Washington ,
U.S.'s Blinken holds talks with China's Wang on Ukraine risks
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: +1 min
U.S. Secretary of State Antony Blinken speaks about Russia and Ukraine during a briefing at the State Department in Washington, U.S., January 26, 2022. Brendan Smialowski/Pool via REUTERSJan 26 (Reuters) - U.S. Secretary of State Antony Blinken spoke to Chinese Foreign Minister Wang Yi about Ukraine on Wednesday, highlighting global security and the economic risks that could stem from further Russian aggression, the State Department said. "Secretary Blinken ... conveyed that de-escalation and diplomacy are the responsible way forward," department spokesman Ned Price said in a statement. Global security and the economic risks posed by further Russian aggression against Ukraine figured in the talks, the department added. The United States and its NATO allies reject that but say they are ready to discuss other topics such as arms control and confidence-building measures.
Persons: Antony Blinken, Brendan Smialowski, Wang Yi, Blinken, Ned Price, Akriti Sharma, Clarence Fernandez, Robert Birsel Organizations: State Department, REUTERS, Foreign, Global, United, NATO, Thomson Locations: Russia, Ukraine, Washington , U.S, United States, Europe, Moscow, Soviet, Bengaluru
U.S., China confer on Ukraine, urge de-escalation and calm
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: +4 min
U.S. Secretary of State Antony Blinken speaks about Russia and Ukraine during a briefing at the State Department in Washington, U.S., January 26, 2022. China's Foreign Minister Wang Yi and U.S. Secretary of State Antony Blinken spoke about Ukraine on a telephone call late on Wednesday. "We call on all parties to stay calm and refrain from doing things that agitate tensions and hype up the crisis," Wang told Blinken, China's foreign ministry said in a statement. The United States and its NATO allies reject that position but say they are ready to discuss other topics such as arms control and confidence-building measures. Wang told Blinken that the United States "continues to make mistakes in its words and deeds on China, causing new shocks to the relationship".
Persons: Antony Blinken, Brendan Smialowski, Wang Yi, Wang, Blinken, Vladimir Putin, Ryan Woo, Gabriel Crossley, Akriti Sharma, Clarence Fernandez, Robert Birsel Organizations: State Department, REUTERS, Reuters.com Register Russia, NATO, U.S, Security, Winter, Beijing, Thomson Locations: Russia, Ukraine, Washington , U.S, China, United States, U.S, Europe, Soviet, U.S ., States, Minsk, Russian, Taiwan, Canada, Australia, Britain, Beijing, Bengaluru
Morning Bid: More than four rate rises in 2022?
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: +3 min
The world's largest economy is predicted torecord GDP growth at a 37-year high of 5.5%, with data due later on Thursday. That, in a nutshell, is why the U.S. Federal Reserve feels there is "quite a bit of room to raise interest rates". Register now for FREE unlimited access to Reuters.com RegisterCould there be more than four rate rises this year? Similar steepening is notable between other bill maturities in a sign more tightening is being priced. But with buyers still in hiding, Tesla shares tanked in after-hours trade.
Persons: Jerome Powell, Yuri Gripas, Sujata Rao, Powell, William Ackman, Tesla, Rowe Price, LVMH Moet Hennessy Louis Vuitton, Dr Martens, UniCredit, SEB, Saikat Chatterjee Organizations: Congress, Capitol, REUTERS, JPMorgan, U.S . Federal, Treasury, Netflix, Deutsche Bank, Reuters, bps, Dow, McDonalds, Mastercard, JetBlue, Apple, Visa, SAP, IG Group, Diageo, Sabadell, Polymetal, Thomson Locations: Washington , U.S, Zealand, South Africa, Southwest, St, James's
The visit by Qatar's Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani's comes after his Iranian counterpart Hossein Amirabdollahian on Monday said Tehran is ready to consider direct talks with Washington if it feels it can get a "good nuclear deal". However, IRNA said the visit was not intended to facilitate direct talks with Washington. After then-U.S. President Donald Trump quit the nuclear deal in 2018 and reimposed harsh sanctions, Iran gradually started violating the pact's nuclear curbs. The minister, Sheikh Mohammed, is expected in Washington on Friday in advance of the emir's visit. PRISONER RELEASEAmirabdollahian previously met Sheikh Tamim and Sheikh Mohammed in Doha on Jan. 11.
Persons: Sheikh Mohammed bin Abdulrahman, Sheikh Mohammed bin Abdulrahman Al Thani, Antony Blinken, Olivier Douliery, Qatar's, Thani's, Hossein Amirabdollahian, IRNA, Donald Trump, Sheikh Tamim bin Hamad, Joe Biden, Sheikh Mohammed, Amirabdollahian, Sheikh Tamim, Parisa Hafezi, Andrew Mills, Frank Jack Daniel Our Organizations: Qatar's, State Department, REUTERS DUBAI, Washington, Washington ., Tehran, U.S, Jan, Reuters, Qatar, Sunday, Thomson Locations: Sheikh Mohammed bin Abdulrahman Al, Washington , DC, Iran, Washington, Tehran, Doha, United States, Vienna, Thani, Qatar, Iranian, U.S, Dubai
The surge led to big losses, or a "short squeeze" for hedge funds who had bet the shares would decline. CONCENTRATION, PRICINGThe GameStop saga highlighted the small number of market-makers that dominate the retail market, which could pose competition issues, Gensler has said. SHORT SELLING, HEDGE FUND DISCLOSURESThe GameStop saga intensified worries over hedge fund transparency. On Wednesday the SEC proposed new rules to boost hedge fund disclosures on material events, including extraordinary losses. Most of the stocks in the GameStop saga were heavily shorted - a strategy used to bet a stock price will fall.
Persons: Gary Gensler, Evelyn Hockstein, Jan, Robinhood, Gensler, brokerages, Dodd Frank, Vlad Tenev, Michelle Price, David Gregorio Our Organizations: . Securities, Exchange Commission, SEC, Banking, Housing, Urban Affairs, Capitol, REUTERS, U.S . Securities, GameStop Corp, Wednesday, GameStop, Thomson Locations: Washington , U.S
Signage is seen at the United States Department of the Treasury headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File PhotoWASHINGTON, Jan 27 (Reuters) - A bipartisan group of U.S. lawmakers has asked the Treasury Department for "clarity to the digital asset ecosystem" after new related reporting requirements were included in last year's $1 trillion infrastructure law, Punchbowl News said on Thursday. Register now for FREE unlimited access to Reuters.com RegisterReuters could not immediately confirm the report, which comes as the Biden administration is expected to unveil preliminary guidance regarding cryptocurrencies and other digital assets in coming days, according to Punchbowl. Bloomberg News last week reported the administration was preparing to release its initial government-wide digital assets strategy as soon as February. Digital assets are run by private actors, and some bank officials have urged U.S. regulators to clarify what would be a regulated digital asset, including crypto.
Persons: Andrew Kelly, Jan, Janet Yellen, Patrick McHenry, Tim Ryan, Biden, Wally Adeyemo, Joe Biden's, Susan Heavey, Kirsten Donovan Organizations: United States Department of, Treasury, Washington , D.C, REUTERS, Treasury Department, Punchbowl News, Republican, Reuters.com, Reuters, Bloomberg, CNBC, Trump, Thomson Locations: Washington ,, U.S, United States, Punchbowl
7 on the newly-ranked list, but it faced an existential crisis, with the Supreme Court about to rule on a copyright infringement case brought against it by the major broadcast networks. He founded a new company, called Starry, which offers a more affordable wireless internet service to residential customers. "We didn't anticipate how fast it was going to get to the Supreme Court. And he says not launching in Washington, D.C., before the case made it to the Supreme Court was "a big mistake." Because [the Supreme Court decision] was completely unfounded in any legal argument, it was basically 'we don't like Aereo.'
Persons: Kanojia, Andrew Ross Sorkin, Chet Kanojia, Julia Boorstin, doesn't, Barry Diller, It's, Starry Organizations: Aereo, IAC, Supreme, Washington , D.C, Firstmark, Corp Locations: Aereo, Washington ,
East Coast Braces for Snow Again
  + stars: | 2022-01-27 | by ( Derrick Bryson Taylor | ) www.nytimes.com   time to read: +1 min
A sprawling storm system that is forecast to bring winter weather from North Carolina to New England this weekend could have a “significant” impact as it moves up the East Coast, a meteorologist said on Thursday, warning of a storm that could snarl traffic along the Interstate-95 corridor and threaten power outages to millions. Although the storm poses a serious threat to nearly a dozen states, its exact track remained uncertain as of early Thursday. “There’s still a lot of inconsistencies in the model runs, especially over the last couple of days, where they’re waffling back and forth,” said Tiffany Fortier, a meteorologist with the National Weather Service in New York. The models are showing tracks to the west and east, she said, and their lack of agreement was making this storm “very complex.” Later on Thursday, forecast models may begin to show a more confident track, especially for the New York City region, where the storm could be “hit or miss,” she said. The upcoming storm would send another round of heavy snow to much of the East Coast, which already had a lot of snow this month, including a system that stranded hundreds of drivers south of Washington, D.C.
Persons: “ There’s, they’re, , Tiffany Fortier Organizations: National Weather Service, New Locations: North Carolina, New England, East Coast, New York, New York City, Washington ,
New York City could see as little as 2 inches of snow or as much as 20 inches of snow this weekend. That is the range of possibilities with the upcoming nor'easter forecast to slam the Northeast and New England beginning Friday night and lasting through Saturday. Significant snowfall is likely across parts of the Northeast and New England, but exact totals and location of highest snow totals cannot be determined yet. Wednesday was forecast to be the coldest day of the workweek for the Great Lakes, Northeast and Southeast. While temperatures moderate slightly rest of week, another colder shot of arctic air is expected this weekend just in time for the approaching nor'easter.
Locations: York, New England, Carolina, East Coast, New York, Boston, Alaska, Canadian, Gulf, Midwest, Great Lakes, Syracuse, Northeast, Washington , New York
Boeing sinks to loss on $3.5 bln charge related to 787 delays
  + stars: | 2022-01-26 | by ( ) www.reuters.com   time to read: +2 min
A Boeing 777X airplane taxis during an attempted first test flight from the company's plant in Everett, Washington, U.S. January 24, 2020. REUTERS/Lindsey Wasson/File PhotoJan 26 (Reuters) - Boeing Co (BA.N) said on Wednesday it incurred a $3.5 billion charge in the fourth quarter due to longer-than-expected delivery delays of its problem-plagued 787 Dreamliner. The company's shares fell 0.3% in premarket trading as the planemaker sank to a loss after two quarters of profits because of the charge. The U.S. planemaker had previously forecast low production rates and rework for the 787 to result in about $1 billion of abnormal costs. Still, Boeing generated positive cash flow in the fourth quarter, representing its first positive cash quarter since early 2019, fueled by 737 MAX deliveries as air travel rebounds from the pandemic.
Persons: Lindsey Wasson, Dave Calhoun, planemaker, Uday Sampath, Aishwarya Nair, Eric M, Johnson, Saumyadeb Organizations: Boeing, REUTERS, Boeing Co, Reuters, The, Thomson Locations: Everett , Washington , U.S, Europe, The U.S, Bengaluru, Seattle
Critics say commission-free brokers try to maximize retail trading volumes because they earn lucrative fees for routing orders to wholesale market-makers. This could be a conflict of interest; studies show retail investors generally lose money when they churn their portfolio. On Wednesday, Gensler said in a statement that he was looking forward to the staff's recommendations on digital engagement practices, without elaborating. If the SEC went that route, firms that use digital engagement tools would probably have to make extensive new disclosures. Some experts worry digital engagement practices are growing so sophisticated that they may generally increase trading without obvious individual prompts.
Persons: Andrew Kelly, Jan, Vlad Tenev, Howard Fischer, Moses, Moses & Singer, Robinhood, Gary Gensler, Gensler, Fischer, SIFMA, Edwin Hu, Hu, James Fielder, Rick Fleming, Katanga Johnson, Michelle Price, David Gregorio Our Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Robinhood Inc, Securities, SEC, Webull, SoFi Inc, GameStop, AMC Entertainment, U.S, Congress, Moses &, CNBC, Reuters, Financial Industry Regulatory Authority, Industry, Securities Industry, Financial Markets Association, New York University, Studies, Colorado State University, Thomson Locations: Washington ,, U.S, Jan, Washington
No time to waver, Chair Powell
  + stars: | 2022-01-26 | by ( ) www.reuters.com   time to read: +3 min
Federal Reserve Chair Jerome Powell pauses while testifying before a Senate Banking Committee hybrid hearing on oversight of the Treasury Department and the Federal Reserve on Capitol Hill in Washington, U.S., November 30, 2021. Some previous market tantrums over a looming tightening in policy made central bankers think twice about taking away hefty monetary support. Yet, for the Federal Reserve, concluding a two-day meeting later on Wednesday, things are now different. The fine line between taking action to contain inflation but not tightening policy too fast that it brings the recovery to a quick end, is exactly the line Fed chief Jerome Powell has to walk. With central banks in the spotlight, Asian stock markets steadied after three sessions of losses.
Persons: Jerome Powell, Elizabeth Frantz, Joe Biden, Vladimir Putin, Kimberly Clark, Barry Callebaut, Dhara, Sujata Rao Organizations: Banking Committee, Treasury Department, Federal Reserve, Capitol, REUTERS, Fed, Bank of, Microsoft, Bank of Canada, Boeing, Nasdaq, Intel, Tesla, Whirlpool, Sage Group, Barry, Thomson Locations: Washington , U.S, Dhara, Bank of Canada, Russia, Ukraine, Europe, China
U.S. House Speaker Nancy Pelosi (D-CA) gestures during her weekly news conference on Capitol Hill in Washington, U.S. January 13, 2022. Like other Congressional lawmakers, Pelosi is legally required to file disclosures of her stock trades. That was the latest push to ban stock trading by lawmakers after Pelosi in December defended their rights to trade. In a reversal, Pelosi last week signaled her willingness to potentially advance legislation that could ban stock trading by lawmakers. The Justice Department ended investigations of stock trades by at least three senators ahead of the 2020 market slump, caused by the coronavirus pandemic, without filing charges.
Persons: Nancy Pelosi, Jonathan Ernst Jan, Nancy, Pelosi, Paul Pelosi, Sahak Manuelian, Austin Scott, Noel Randewich, Ira Iosebashvili, Michelle Price, Kenneth Maxwell Our Organizations: Capitol, REUTERS, Pelosi, Twitter, GameStop, Reuters.com, Companies, Apple, Microsoft, Big Tech, Wedbush Securities, Micron Technology, Republican, Justice Department, Thomson Locations: Washington , U.S, U.S, Wall, Los Angeles
Morning Bid: No time to waver, Chair Powell
  + stars: | 2022-01-26 | by ( ) www.reuters.com   time to read: +3 min
Federal Reserve Chair Jerome Powell pauses while testifying before a Senate Banking Committee hybrid hearing on oversight of the Treasury Department and the Federal Reserve on Capitol Hill in Washington, U.S., November 30, 2021. Some previous market tantrums over a looming tightening in policy made central bankers think twice about taking away hefty monetary support. Yet, for the Federal Reserve, concluding a two-day meeting later on Wednesday, things are now different. The fine line between taking action to contain inflation but not tightening policy too fast that it brings the recovery to a quick end, is exactly the line Fed chief Jerome Powell has to walk. With central banks in the spotlight, Asian stock markets steadied after three sessions of losses.
Persons: Jerome Powell, Elizabeth Frantz, Joe Biden, Vladimir Putin, Kimberly Clark, Barry Callebaut, Dhara, Sujata Rao Organizations: Banking Committee, Treasury Department, Federal Reserve, Capitol, REUTERS, Fed, Bank of, Microsoft, Bank of Canada, Boeing, Nasdaq, Intel, Tesla, Whirlpool, Sage Group, Barry, Thomson Locations: Washington , U.S, Dhara, Bank of Canada, Russia, Ukraine, Europe, China
A plow operator in Ohio was caught on camera launching snow and ice over a highway median Sunday. The turnpike commission immediately placed the driver on administrative leave, pending investigation. Ahmed also said that Turnpike Commission employees have special training and equipment for clearing snow and ice, and the highway has one of the best safety records in the nation. The incident is certainly unusual for a profession that requires a commercial drivers' license and additional training, but transportation officials have raised concerns about having enough drivers to operate safely. Back in December, transportation officials in Washington, Montana, Wyoming, and Pennsylvania told the Associated Press they were facing an ongoing shortfall of licensed and trained snowplow drivers this winter.
Persons: Michael Lemon, Ferzan Ahmed, Ahmed, Barbara LaBoe Organizations: Service, Infrastructure Commission, Turnpike Commission, Commission, Ohio Department of Transportation, Associated Press, Washington state's Department of Transportation, Colorado's Department of Transportation Locations: Ohio, Washington , Montana , Wyoming, Pennsylvania, Washington, Massachusetts
Ex-Senator Flake takes over as U.S. ambassador to Turkey
  + stars: | 2022-01-26 | by ( ) www.reuters.com   time to read: +1 min
Former Senator Jeff Flake (R-AZ) walks through the U.S. Capitol in Washington, U.S., October 19, 2021. Senator Jeff Flake officially became U.S. ambassador to Turkey on Wednesday at a critical time for the NATO allies, after presenting his letter of confidence to President Tayyip Erdogan. After Trump and Erdogan had warm personal ties, President Joe Biden has taken a cooler approach towards Turkey. One of his first steps in the White House was recognising the 1915 massacre of Armenians as genocide - a position that infuriated Turkey. Register now for FREE unlimited access to Reuters.com RegisterReporting by Tuvan Gumrukcu; Editing by Jonathan SpicerOur Standards: The Thomson Reuters Trust Principles.
Persons: Jeff Flake, Elizabeth Frantz ANKARA, Jan, Tayyip Erdogan, Donald Trump, Flake, David Satterfield, Trump, Erdogan, Joe Biden, Jonathan Spicer Organizations: U.S, Capitol, REUTERS, Republican U.S, NATO, Ukraine, Russia, Reuters.com, Thomson Locations: Washington , U.S, U.S, Turkey, Ankara, of Africa, Russia, Kyiv, Moscow, Washington, Russian, Syria, Libya, Ethiopia, Afghanistan, Qatar
Paris Hilton believes everything is going digital. Hilton didn't disclose how much she has invested in crypto, but says she started investing in both bitcoin and ether in 2016. In 2017, "I was already developing, like, this whole 'Paris World' where people could watch me DJ and come hang out," she says. This past New Year's Eve, Hilton used Paris World to host her first metaverse party. Next up, she says: bringing NFTs into Paris World, building a new line of digital wearables and creating a digital fashion brand.
Persons: Paris Hilton, Hilton, it'll, Ivory Johnson, Johnson, year's NFT, I've, NFTs, Roblox, Ray Dalio, Shaquille O’Neal, hasn’t, Charles Barkley Organizations: CNBC, Guardian, ethereum, Delancey Wealth Management, Washington , D.C, NFTs, Facebook, Meta, New York City's, NBA Locations: Washington ,, Utah, Paris, New York
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