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☆ Molecular fossils open window on 'lost world' of primordial life
▼ + stars: | 2023-06-07 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

The researchers discovered that the molecular fossils indicating the presence of these primitive eukaryotes were commonplace in rocks spanning from about 1.6 billion years ago to 800 million years ago. "It is a lost world in the sense that we had not been able to see or detect them - although there was an entire world of them. It is a lost world also because these forms are now entirely extinct, Brocks added. The oldest of the rocks bearing these fossils were unearthed in the remote Outback of northern Australia, near Darwin. Scientists long were puzzled about the seeming absence of molecular fossils from this time span indicative of primitive eukaryotes.

Persons: Jochen Brocks, geobiologist Jochen Brocks, Benjamin Nettersheim, Brocks, sapiens, Konrad Block, Will Dunham, Rosalba O'Brien Organizations: Australian National University, Handout, REUTERS, University of Bremen, Thomson Locations: Creek, Northern Australia, REUTERS WASHINGTON, Canberra, Germany, Australia, Darwin

☆ Analysis: Boeing, Northrop face obstacles in commercializing flagship US rocket
▼ + stars: | 2023-06-07 | by ( Joey Roulette | ) www.reuters.com time to read: +6 min

[1/3] NASA's next-generation moon rocket, the Space Launch System (SLS) rocket with its Orion crew capsule perched on top, is shown on its launch pad as it is prepared for launch in Cape Canaveral, Florida, U.S. November 12, 2022. NASA's SLS vision has its skeptics. NASA currently manages SLS production, with Boeing and Northrop its top contractors, each having contracts under which the space agency bears any delay costs. Boeing and Northrop executives have declined to discuss plans for cutting SLS costs under the proposed commercial contract. Boeing has said the SLS program has created 28,000 jobs.

Persons: Joe Skipper, Colonel Douglas Pentecost, Glenn, Jeff Bezos's, Cristina, Jim Free, Artemis, Amit Kshatriya, Kshatriya, Joey Roulette, Will Dunham, Ben Klayman Organizations: Orion, REUTERS, WASHINGTON, Boeing, Northrop Grumman, Pentagon, Northrup, U.S . Department of Defense, DoD, U.S, military's Space Force, NASA, SLS, Elon Musk's SpaceX, Office, U.S . Congress, Northrop, Artemis, Space, Reuters, Thomson Locations: Cape Canaveral , Florida, U.S, Florida

The problem involves a fitting for the 787's horizontal stabilizer installed by a Boeing production facility in Salt Lake City, Utah, the company said. Boeing, which announced last week that it had increased 787 production from three to four jets a month, said the issue has not caused a halt in 787 production. The U.S. Federal Aviation Administration said in a statement it had validated Boeing's assessment that there was no immediate safety issue for 787s already in service. Boeing stopped 787 deliveries at multiple points during that period, resuming them last August after agreeing to an FAA-approved modification plan for Dreamliners in the company's inventory. In March, the FAA said it would allow Boeing to restart 787 deliveries, as the U.S. planemaker had addressed concerns.

Persons: Gavin McIntyre, planemaker, Dreamliners, Jefferies, Sheila Kahyaoglu, Dave Calhoun, Valerie Insinna, David Shepardson, Will Dunham, Deepa Babington, Jamie Freed Organizations: Boeing, REUTERS, U.S . Federal Aviation Administration, FAA, Thomson Locations: North Charleston , South Carolina, U.S, REUTERS WASHINGTON, Salt Lake City , Utah, Washington

Boeing, which announced last week that it had increased 787 production from three to four jets a month, said the issue has not caused a halt in 787 production. The U.S. Federal Aviation Administration said has validated the Boeing's assessment that there is no immediate safety issue for 787s already in service. Boeing stopped 787 deliveries at multiple points during that period, resuming them last August after agreeing to an FAA-approved modification plan for Dreamliners in the company's inventory. The company faced yet another 787 delivery stoppage in February after Boeing found a data analysis error regarding forward pressure bulkhead that was unrelated to the shimming problem. In March, the FAA said it would allow Boeing to restart 787 deliveries, as the U.S. planemaker had addressed concerns.

Persons: Gavin McIntyre, Dreamliners, planemaker, Dave Calhoun, Valerie Insinna, David Shepardson, Will Dunham, Deepa Babington Organizations: Boeing, REUTERS, U.S . Federal Aviation Administration, FAA, Thomson Locations: North Charleston , South Carolina, U.S, REUTERS WASHINGTON, Salt Lake City , Utah, Washington

The Democratic-led Judiciary Committee held a hearing on the subject in May. Crow, a major Republican donor, last month, rejected the panel's request for a meeting. Separately, Bopp declined to provide another Democratic-led Senate panel, the Finance Committee, any personal financial information about Crow, it said. In a statement, the panel accused Crow of "stonewalling" and "doubling down on bogus legal theories." The news outlet ProPublica has detailed the ties between Thomas and Crow.

Persons: Harlan Crow's, Clarence Thomas, Thomas, Crow, Crow's, Michael Bopp, Dick Durbin, Sheldon Whitehouse, Bopp, Ron Wyden, Neil Gorsuch, Susan Heavey, Kanishka Singh, Will Dunham Organizations: U.S, Supreme, Republican, Democratic, Finance Committee, Finance, Politico, Thomson Locations: Texas, Colorado

☆ Five nations elected to U.N. Security Council, but Belarus denied
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +2 min

UNITED NATIONS, June 6 (Reuters) - The United Nations General Assembly elected Algeria, Guyana, Sierra Leone, Slovenia and South Korea to the U.N. Security Council on Tuesday for two-year terms starting on Jan. 1, 2024, while Belarus - allied with Russia in its invasion of Ukraine - was denied a spot. Algeria, Guyana, Sierra Leone and South Korea ran unopposed for a spot on the 15-member body, which is charged with maintaining international peace and security. The Security Council is the only U.N. body that can make legally binding decisions such as imposing sanctions and authorizing use of force. Guyana received 191 votes, Sierra Leone 188, Algeria received 184 votes, South Korea 180. "The Russians have always argued that a lot of states support Ukraine in public at the U.N., but sympathize with Russia in private.

Persons: Richard Gowan, Michelle Nichols, Will Dunham Organizations: UNITED NATIONS, United Nations General Assembly, . Security, South Korea, Belarus, United, United Arab Emirates, The Security, General, Sierra, Slovenia, Soviet Union, Thomson Locations: Algeria, Guyana, Sierra Leone, Slovenia, South Korea, Belarus, Russia, Ukraine, South, Albania, Brazil, Gabon, Ghana, United Arab, Britain, China, France, United States, General Assembly, Soviet

The Port of Long Beach is the second-busiest U.S. container terminal and a key driver of economic activity. That industry accounts for about half of the volume at the nation's container ports and is gearing up for back-to-school, Christmas and key sales events. That facility is majority owned by container shipping giant Mediterranean Shipping Company SA (MSC). Pacific Container Terminal, owned by Carrix Inc's SSA Marine, was closed on Monday for normal operational reasons having nothing to do with labor, terminal general manager Randy Galosic told Reuters. Many West Coast terminals are fully or partly owned by those shipping companies.

Persons: Biden, dockworkers, David French, TTI, Lee Peterson, Randy Galosic, Lisa Baertlein, Will Dunham, Chizu Organizations: National Retail Federation, Mediterranean Shipping Company SA, Warehouse Union, Coast, Container, Carrix, SSA, Reuters, ILWU, Long, Thomson Locations: ANGELES, West Coast, Southern California's Port, Long, Oakland , California, California, Washington, TTI, Los Angeles, Oakland, Long Beach, West

FollowWASHINGTON, June 5 (Reuters) - The U.S. Supreme Court on Monday agreed to consider whether a California attorney's federal trademark for the phrase "Trump Too Small" - a cheeky criticism of former President Donald Trump - should have been granted. Elster applied for the "Trump Too Small" trademark in 2018 to use on shirts. Trump and Rubio, a senator from Florida, were rivals for the 2016 Republican presidential nomination - a prize eventually won by the businessman-turned-politician. "And you know what they say about guys with small hands," Rubio said as the audience laughed. Are they small hands?

Persons: Marco Rubio, Donald Trump, Chris Keane, Steve Elster's, Elster, Trump, Rubio's, Timothy Dyk, Dyk, Rubio, denigrate Rubio, Marco, " Rubio, I've, Bret Baier, Joe Biden's, Erik Brunetti's, Blake Brittain, Andrew Chung, Will Dunham Organizations: Republican U.S, Fox Business Network Republican, REUTERS, Finance, U.S, Supreme, U.S . Trademark, Trump, Appeals, Federal Circuit, White, Fox News, Joe Biden's Justice Department, Thomson Locations: North Charleston , South Carolina, WASHINGTON, California, Florida, Virginia, Washington, New York

☆ U.S. sanctions target Russian influence campaign in Moldova
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, June 5 (Reuters) - The United States imposed sanctions on Monday on members of a Russian intelligence-linked group for their role in Moscow's efforts to destabilize democracy and influence elections in Moldova, the Treasury Department said. The new sanctions target seven Russian individuals, some of whom maintain ties to Russian intelligence services, the department said in a statement. They include the group's leader, Konstantin Prokopyevich Sapozhnikov, who organized the plot to destabilize the government of Moldova in early 2023, it said. The group's members provoke, train and oversee groups in democratic countries and conduct anti-government protests, rallies, marches and demonstrations, it added. Brian Nelson, the department's undersecretary for terrorism and financial intelligence, said Monday's sanctions expose Russia's ongoing efforts to destabilize democratic nations.

Persons: Konstantin Prokopyevich Sapozhnikov, Yury Yuryevich Makolov, Gleb Maksimovich Khloponin, Aleksey Vyacheslavovich Losev, Svetlana Andreyevna Boyko, Vasily Viktorovich Gromovikov, Nicu Popescu, Brian Nelson, Doina Chiacu, Tim Ahmann, Will Dunham, Mark Porter Organizations: Treasury Department, European Union, Facebook, Thomson Locations: United States, Russian, Moldova, Russia, Ukraine, United Kingdom, Canada

WASHINGTON, June 5 (Reuters) - The White House said on Monday recent dangerous encounters between U.S. and Chinese forces in the Taiwan Strait and South China Sea reflect a growing aggressiveness by Beijing's military that raises the risk of an error in which "somebody gets hurt." It also follows a May 26 incident in which a Chinese fighter jet carried out what the United States called an "unnecessarily aggressive" maneuver near an American military plane over the South China Sea in international airspace. "Sadly, this is just part of, again, a growing aggressiveness by the PRC (People's Republic of China) that we're dealing with, and we're prepared to address it," White House spokesperson John Kirby told reporters amid deteriorating ties between Washington and Beijing. In Beijing, Wang Wenbin, a Chinese foreign ministry spokesperson, said that "the measures taken by the Chinese military are completely reasonable, legitimate, and professional and safe." Kirby said the United States would continue to stand up for the freedom of navigation in the air and sea.

Persons: we're, John Kirby, Kirby, Wang Wenbin, Heck, it's, Vedant Patel, Joe Biden's, Biden, Patel, Chung, Hoon, Wang, Derek Grossman, Andrea Shalal, Daphne Psaledakis, Matt Spetalnick, Jasper Ward, Will Dunham Organizations: PRC, People's, American, U.S . State Department, Montreal, U.S . Navy, RAND Corporation, Thomson Locations: Taiwan Strait, South China, U.S, Taiwan, Ukraine, United States, American, South, People's Republic of China, Washington, Beijing, China, Canadian, Hainan, Jasper

WASHINGTON, June 5 (Reuters) - Secretary of State Antony Blinken pledged continued U.S. commitment to both Israel's security and a two-state solution to the Israel-Palestinian conflict on Monday, but said the expansion of Jewish settlements would be an obstacle to peace. "Settlement expansion clearly presents an obstacle to the horizon of hope that we seek," Blinken said to muted response from the audience. They also undermine the basic daily dignity to which all people are entitled," Blinken added. "The United States has a real national security interest in promoting normalization between Israel and Saudi Arabia," Blinken added. Reporting by Simon Lewis and Doina Chiacu; editing by Rami Ayyub, Bernadette Baum and Will DunhamOur Standards: The Thomson Reuters Trust Principles.

Persons: Antony Blinken, Blinken, Joe Biden's, Israel's, Simon Lewis, Doina, Rami Ayyub, Bernadette Baum, Will Dunham Organizations: Israel, American Israel Public Affairs Committee, West Bank, Thomson Locations: Israel, Jerusalem, Israel's, Washington, Iran, Saudi Arabia, United States

☆ Ex-NBCUniversal executive Joe Benarroch to join Twitter
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +1 min

June 4 (Reuters) - Former NBCUniversal executive Joe Benarroch will join Twitter on Monday, in a role focusing on business operations, he told Reuters. Benarroch said in an email that he was looking forward to working with the company's team to "build Twitter 2.0 together." From one bird to the next," tweeted incoming Twitter Chief Executive Linda Yaccarino, who was appointed in May. At Comcast Corp's (CMCSA.O) NBCUniversal, Benarroch oversaw communication strategy for its Advertising and Partnerships division, reporting to Yaccarino, who was advertising chief there before joining Twitter. Twitter's head of trust and safety, Ella Irwin, said on Thursday that she has resigned from the social media company.

Persons: Joe Benarroch, Benarroch, Linda Yaccarino, Twitter's, Ella Irwin, Brown, Dawn Chmielewski, Chandni Shah, Juby Babu, Will Dunham, Grant McCool Organizations: Twitter, Reuters, Comcast, Street Journal, Thomson Locations: Los Angeles, Bengaluru

The voting comes a year before Mexico's next presidential election, with polls indicating MORENA will be hard to beat. Del Moral has said the PRI learned from its mistakes and that her coalition would be a broader alternative to MORENA. As she cast her ballot, del Moral told reporters the vote was historic because for the first time a woman would be elected to govern the state. Guillermo Fuentes, a 55-year-old PRI supporter and small business owner, said del Moral, not MORENA, was the one who would deliver change to the State of Mexico. Sheinbaum, like Gomez, MORENA's State of Mexico candidate, is closely identified with Lopez Obrador and his policies.

Persons: Armando Guadiana, Andres Manuel Lopez Obrador, Lopez, Lopez Obrador, MORENA, Mexico's, Delfina Gomez, Alejandra del, Jobita Pena, Pena, Gomez, Del Moral, Guillermo Fuentes, Claudia Sheinbaum, Marcelo Ebrard, Dave Graham, Alberto Fajardo, Aurora Ellis, Will Dunham, Lisa Shumaker Organizations: National Regeneration, Read, MEXICO CITY, Regeneration, Institutional Revolutionary Party, PRI, Reforma, Moral, Mexico City's, Foreign, Thomson Locations: Coahuila, Saltillo , Mexico, MEXICO, Mexican, State of Mexico, State, Mexico, Tlalnepantla, MORENA, MORENA's State, of Mexico

☆ Pro-Ukraine Russian partisans plan to give prisoners to Kyiv
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +3 min

KYIV, June 4 (Reuters) - A pro-Ukraine group of Russian partisans on Sunday said it had captured several soldiers during a cross-border raid into southern Russia and would hand them over to Ukrainian authorities. The Russian Volunteer Corps made the claim in a video statement released on Telegram in the wake of a raid into the Russian region of Belgorod. The one minute and 26 second video clip showed what appeared to be around a dozen Russian soldiers being held captive, with two lying on hospital beds. The governor of Belgorod, Vyacheslav Gladkov, earlier agreed to meet the group if the soldiers were still alive. Members of the Russian Volunteer Corps are seen, amid Russia's attack on Ukraine, near the Russian border, in Ukraine May 24, 2023.

Persons: Moscow, Vyacheslav Gladkov, Gladkov, Vladimir Putin, Putin, Dan Peleschuk, Caleb Davis, David Ljunggren, Gareth Jones, Will Dunham Organizations: Sunday, Russian Volunteer Corps, Corps, of Russia Legion, Russia Legion, REUTERS, Thomson Locations: Ukraine, Russia, Russian, Belgorod, Viacheslav, Novaya Tavolzhanka

☆ Zelenskiy says Russia is evading sanctions on weapons
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +1 min

June 4 (Reuters) - Ukrainian President Volodymyr Zelenskiy on Sunday said that Russia was using a network of suppliers to evade international sanctions designed to prevent it from making missiles and other weapons. In a video address, Zelenskiy said unnamed countries and companies were helping Russia acquire technology with the emphasis on producing missiles. "Unfortunately, the terrorist state manages to use the technologies of the world through a network of suppliers, manages to bypass international sanctions," Zelenskiy said. Ukraine, Zelenskiy added, was well aware of all of Russia's efforts to evade sanctions and will seek to ensure that "there are no products of the free world in Russian missiles". In April, a senior Zelenskiy aide said Ukrainian forces were finding a growing number of components from China in Russian weapons used in Ukraine as Western supplies are squeezed by sanctions.

Persons: Volodymyr Zelenskiy, Zelenskiy, David Ljunggren, Will Dunham Organizations: Thomson Locations: Russia, Ukraine, China

☆ Walmart reiterates goal of doubling international gross merchandise in five years
▼ + stars: | 2023-06-03 | by ( Siddharth Cavale | ) www.reuters.com time to read: +3 min

The analysts meeting and a press presentation by Walmart CEO Doug McMillon were held on Friday in conjunction with the retailer's annual shareholders meeting in Bentonville. Five years ago, Walmart International generated about $120 billion in GMV. Walmart's business model has evolved over the past few years, with a greater focus on omni-channel - a strategy that ties together its e-commerce business, delivery services, advertising and marketplace business. McKenna said Walmart's huge size and technological breadth will give it the leverage to scale this strategy more quickly. Walmart's omni-channel efforts have been a boon for the retailer as recession fears push more Americans to seek bargains in groceries.

Persons: Judith McKenna, Doug McMillon, McKenna, McMillon, Siddharth Cavale, Will Dunham Organizations: Walmart, Bentonville ., Walmart International, International Monetary, omni, Thomson Locations: BENTONVILLE , Arkansas, Mexico, India, Fayetteville , Arkansas, Bentonville, Brazil, Argentina, Japan, United Kingdom

☆ Supreme Court ruling could chill labor strikes
▼ + stars: | 2023-06-02 | by ( John Kruzel | ) www.reuters.com time to read: +5 min

Angela Cornell, a Cornell Law School labor law professor, called it "another decision that undermines the capacity of unions to function." MORE STRIKESThe ruling comes at a time of increasing strikes called by U.S. labor unions. Some experts pointed out that the ruling largely preserved the existing legal scaffolding for deciding labor law preemption cases of this kind. The Supreme Court, with its 6-3 conservative majority, has dealt setbacks to organized labor in key cases in recent years. Brudney said Thursday's ruling "was not comparable to that broader trendline" of decisions weakening labor unions.

Persons: Amy Coney Barrett, Angela Cornell, Cornell, Kenneth Dau, Schmidt, Benjamin Sachs, Sachs, Dan Altchek, Saul Ewing, Altchek, James Brudney, Brudney, Anne Marie Lofaso, Lofaso, John Kruzel, Will Dunham Organizations: U.S, Supreme, Taiheiyo Cement Corp, Cornell Law School, Indiana University Maurer School of Law, Harvard Law, Glacier, Inc, International Brotherhood of Teamsters, National Labor Relations, U.S . Bureau of Labor Statistics, Fordham University Law, West Virginia University College of Law, Thomson Locations: Japan, Washington, Philadelphia, California

☆ House lawmakers urge US to rally allies over China Micron ban
▼ + stars: | 2023-06-02 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

The move came a day after leaders of the G7 industrial democracies agreed to new initiatives to push back against Chinese economic coercion. McCaul and Gallagher urged Raimondo to work with Japan and South Korea to ensure that companies from those countries "do not take market share lost to the ban and undercut Micron." The lawmakers added that China "lashed out with an arbitrary economic embargo against one American company. Raimondo on Saturday said the United States will not tolerate China's action and is working closely with allies to address such "economic coercion." Reuters has reported Gallagher previously urged Raimondo to put trade curbs on Changxin Memory after Beijing's actions against Micron.

Persons: Joe Biden's, Michael McCaul, Mike Gallagher, Gina Raimondo, Gallagher, Raimondo, Saturday, McCaul, David Shepardson, Will Dunham Organizations: Micron Technology, Foreign Affairs Committee, Chinese Communist Party, . Commerce, Micron, Commerce Department, Embassy, Technologies, Reuters, Thomson Locations: Japan, South Korea, China, Washington, Beijing, United States, People's Republic of China, U.S

Mehta since last week has sentenced six other Oath Keepers members to prison terms ranging from three to 18 years. Both men were among a group of Oath Keepers who breached the Capitol on the day of the attack, clad in paramilitary gear. The men are among six Oath Keepers found guilty of seditious conspiracy. Two other Oath Keepers convicted of seditious conspiracy, Robert Minuta and Edward Vallejo, were sentenced on Thursday. The judge has delayed the sentencing of Thomas Caldwell, another Oath Keepers member who acquitted on the seditious conspiracy charge but convicted of other crimes.

Persons: Donald Trump's, Judge Amit Mehta, Joseph Hackett, David Moerschel, Mehta, Hackett, Moerschel, Joe Biden's, Hackett's, Stewart Rhodes, Robert Minuta, Edward Vallejo, Minuta, Thomas Caldwell, Jacqueline Thomsen, Will Dunham Organizations: U.S, Capitol, Prosecutors, Trump, Republican, Representatives, U.S . Army, Yale University, Thomson Locations: United States, Virginia, Washington, Vallejo

☆ S&P spares France from rating downgrade
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +2 min

PARIS, June 2 (Reuters) - Ratings agency S&P spared France on Friday the embarrassment of downgrading the country's sovereign debt, but remained cautious about the outlook on account of strained public finances. S&P left the country's AA rating untouched after a regular review and said that the outlook remained negative due to "downside risks to our forecast for France's public finances amid its already elevated general government debt". Finance Minister Bruno Le Maire told weekend newspaper Le Journal du Dimanche that S&P's decision to keep its AA rating was a "positive signal" and that the government's public finance strategy was credible. S&P said that potential triggers for a downgrade could come in the form of prolonged economic slowdown or failure to rein in the public finances, notably by leaving public spending high. Le Maire said that "several billion euros" in budget savings would be detailed later this month after a spending review for which he has asked each ministry to identify cutbacks worth 5% of their budget.

Persons: Fitch, Bruno Le Maire, Le Maire, Leigh Thomas, Diane Craft, Will Dunham Organizations: AA, Finance, Thomson Locations: France

The West Coast is home to the busiest U.S. container port complex at Los Angeles/Long Beach. Pacific Coast ports are an important engine of the U.S. economy and handle everything from apparel and furniture to agricultural products and automobiles. Some Port of Los Angeles terminals were affected by labor shortages, a spokesperson there said. Meanwhile, West Coast ports have lost cargo to rival ports on the East and Gulf Coasts as shippers worry that a breakdown in talks could strand cargo on ships or in docks. Reporting by Lisa Baertlein in Los Angeles; Editing by Will Dunham and Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Persons: Willie Adams, Adams, Mario Cordero, Cordero, Friday's, Lisa Baertlein, Will Dunham, Diane Craft Organizations: U.S . West, Pacific Maritime Association, Warehouse Union, ILWU, Twitter, Long Beach, Walmart, Thomson Locations: ANGELES, U.S . West Coast, Los Angeles, Long Beach, Oakland, California, Tacoma, Seattle, Washington, Coast, Pacific Coast, U.S, Port, Long, West Coast, Gulf Coasts

Fed officials pointed toward a rate hike "skip" at its June 13-14 meeting, giving time for the central bank to assess the impact of its tightening cycle thus far against still-strong inflation data. U.S. manufacturing contracted for a seventh straight month in May as new orders continued to plummet amid higher interest rates, but factories boosted employment to a nine-month high. "We have made clear that we still have ground to cover to bring interest rates to sufficiently restrictive levels," Lagarde said in a speech. Money markets are pricing in an 85% chance of a 25 basis point hike when the ECB meets on June 15. "There's a sort of narrowing interest rate differential ... when the ECB is expected to hike one or two more times and the Fed is more questionable about that."

Persons: Christine Lagarde, Edward Moya, Patrick Harker, payrolls, Lagarde, John Velis, Hannah Lang, Joice Alves, Rae Wee, Andrew Heavens, Will Dunham, Mark Potter, Leslie Adler Organizations: Federal Reserve, Reserve, European Central Bank, Fed, OANDA, Philadelphia Federal, ADP, Institute for Supply Management, ECB, BNY Mellon, Thomson Locations: OANDA . U.S, Washington, London, Singapore

☆ Two Oath Keepers convicted of sedition in US Capitol attack sentenced to prison
▼ + stars: | 2023-06-01 | by ( Sarah N. Lynch | Thomson Reuters | Sarah N. Lynch Is The Lead Reporter For Reuters Covering The U.S. Justice Department Out Of Washington | ) www.reuters.com time to read: +4 min

Prosecutors said he stayed at a suburban Virginia hotel where the Oath Keepers had staged a "quick reaction force" and stashed firearms to be quickly ferried into Washington if needed. Mehta also ordered Vallejo to serve a year of home confinement after his prison term during a three-year period of supervised release. Minuta told the judge he has since disavowed the Oath Keepers and feels "repulsed" by the lack of remorse shown by Rhodes. In addition to Rhodes, three other co-defendants were sentenced last week to between four and 12 years in prison. Joseph Hackett and David Moerschel, co-defendants in the trial in which Minuta and Vallejo were convicted - are due to be sentenced on Friday.

Persons: Donald Trump's, Judge Amit Mehta, Roberto Minuta, Edward Vallejo, Mehta, Stewart Rhodes, Vallejo, Prosecutors, Minuta, I'm, Trump, Roger Stone, Rhodes . Rhodes, Joe Biden's, Rhodes, Joseph Hackett, David Moerschel, Hackett, Sarah N, Lynch, Will Dunham, Mark Porter Organizations: U.S, Capitol, Vallejo, Republican Trump, Moerschel, Thomson Locations: United States, Virginia, Washington, Minuta

☆ Semi shorts down $18 billion in mark-to-market losses in 2023, S3 Partners says
▼ + stars: | 2023-06-01 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, June 1 (Reuters) - Short sellers in U.S. shares related to the semiconductor industry are down $18.31 billion in mark-to-market losses for the year to date, including $7.2 billion in losses since last week's rally in Nvidia's stock (NVDA.O), according to financial data firm S3 Partners. The PHLX semiconductor sector index (.SOX) gained roughly 15% in May and hit an over one-year high. "The Semiconductor sectors have been an investing desert for short sellers," S3 Partners analysts wrote in the report this week. In addition, S3 cited Marvell Technology Inc (MRVL.O), Broadcom Inc (AVGO.O) and Ambarella Inc (AMBA.O) among stocks prone to a short squeeze. "We expect short covering in these stocks as short sellers look to trim their exposure and limit future mark-to-market losses if these stocks continue to rally," S3 analysts said.

Persons: Caroline Valetkevitch, Lance Tupper, Will Dunham Organizations: YORK, Partners, SOX, Semiconductor, Nvidia, Devices, Marvell Technology Inc, Broadcom Inc, Ambarella Inc, Thomson

Glacier Northwest is a unit of Japan-based Taiheiyo Cement Corp. (5233.T)Glacier Northwest filed a lawsuit in Washington state court accusing the union of intentional property destruction during a 2017 strike. The Washington state Supreme Court in 2021 ruled that the company's claims were preempted by a statute called the National Labor Relations Act (NLRA), saying the company's loss of concrete was incidental to a strike that could be considered arguably protected under federal labor law. The Supreme Court, with its 6-3 conservative majority, has leaned toward curbing the power of labor unions in rulings in recent years. Teamsters General President Sean O'Brien said the Supreme Court had "again voted in favor of corporations over working people." While the Supreme Court has found that labor unions can be sued in state court for violent or threatening conduct, the union had argued, this narrow exception should not be expanded to permit property damage claims brought under state law.

Persons: Amy Coney Barrett, Barrett, Ketanji Brown Jackson, Noel Francisco, Sean O'Brien, O'Brien, Joe Biden's, John Kruzel, Will Dunham Organizations: U.S, Supreme, Glacier Northwest Inc, International Brotherhood of Teamsters, National Labor Relations, Taiheiyo Cement Corp, Conservative, Liberal, Teamsters, Thomson Locations: Washington, Japan, California

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