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☆ Current policy rate lets Fed be 'nimble' with incoming data, Mester says
▼ + stars: | 2023-11-29 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

Loretta Mester, president of the Federal Reserve Bank of Cleveland, speaks during an interview in Manhattan, New York, U.S., August 15, 2017. The central bank's rate policy will need to be "nimble" and "I believe the current level of the (federal) funds rate positions us well to do that." Mester, who will retire from the regional Fed bank next June, spoke two weeks ahead of the Fed's Dec. 12-13 policy meeting. That gathering is widely expected to result in no change in the current 5.25%-5.50% policy rate range. She noted that Fed rate hikes have tightened financial conditions and moderated demand at a time when supply chains have been healing.

Persons: Loretta Mester, Shannon Stapleton, Mester, Mester's, Michael S, Paul Simao Organizations: Federal Reserve Bank of Cleveland, REUTERS, Cleveland Federal, Fed, Financial, FOMC, Thomson Locations: Manhattan , New York, U.S, Chicago

☆ Google, Symphony unveil AI JV to help banks manage voice calls compliance risk
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +3 min

The logo of Google LLC is seen at the Google Store Chelsea in New York City, U.S., January 20, 2023. Symphony, which counts banks like Goldman Sachs (GS.N) and JPMorgan (JPM.N) among its 1,000-strong client base, will use Google Cloud's generative artificial intelligence platform, Vertex AI, to enhance its Cloud9 voice product with more sophisticated speech-to-text and natural language processing (NLP) capabilities. Phil Moyer, VP of Google Cloud's Global AI Business, said the platform would make compliance more "ambient". So there's 180 zettabytes of data on the planet Earth right now, 90% of which has been created in the last two years." And so tools like these transformers and generative AI are really helping to manage that massive data that's being created," Moyer said.

Persons: Shannon Stapleton, Goldman Sachs, Zac Maufe, Brad Levy, Phil Moyer, Moyer, Sinead Cruise, David Evans Organizations: Google, Chelsea, REUTERS, Reuters, U.S . Securities, Exchange Commission, JPMorgan, Communications, Thomson Locations: New York City, U.S

Brokerage TD Cowen lowered its U.S. holiday spending estimate to 2% to 3% growth, from 4% to 5%, as it forecast flat Black Friday traffic. With many consumers squeezed by persistent inflation and high interest rates, U.S. holiday spending is expected to rise at the slowest pace in five years. A record 130.7 million people are expected to shop in stores and online in the U.S. on Black Friday this year, the National Retail Federation (NRF) estimates. In France, Italy, and Spain, most shoppers planned to buy clothing on Black Friday, with electronic goods coming second, according to a PwC survey. Thanksgiving Day discounts online peaked at about 28% for toys, while electronics had discounts as steep as 27%, Adobe said.

Persons: Shannon Stapleton, Cowen, Theresa Forsberg, “ It’s, ”, Jill Lizzo, she’s, “, I’m, Lizzo, PwC, hasn’t, Naomi Ojomo, Jeff Gennette, Barbie, John Roberts, Apple AirPods, Bergdorf Goodman, Nordstrom, Oscar de, Katherine Masters, Arriana McLymore, Helen Reid, Mimosa Spencer, Corina Pons, James Davey, Siddharth Cavale, Arriana, Deboarh Sophia, David Gaffen, Miral Fahmy, Nick Zieminski, Frances Kerry Organizations: Black, REUTERS, Shoppers, National Retail Federation, Insider Intelligence, Barclays, Macy's, Adobe Analytics, Adobe, Walmart, Argos, PlayStation, Apple, Thomson Locations: Westbury , New York, U.S, RALEIGH, N.C, New Milford , Connecticut, . U.S, Harlem, Manhattan, France, Italy, Spain, Zara, Canary Wharf, London, British, Paris, Madrid, New York, Raleigh , North Carolina, Bengaluru

☆ Retailers hope to draw picky Black Friday shoppers to stores
▼ + stars: | 2023-11-24 | by ( Katherine Masters | ) www.reuters.com time to read: +5 min

Originally known for crowds lining up at big-box stores in the U.S., Black Friday has moved online and gone global. In France, Italy, and Spain, most shoppers planned to buy clothing on Black Friday, with electronic goods coming second, according to a PwC survey. On average, shoppers in France expected to spend 295 euros ($322) on Black Friday, the survey found. Most U.S. stores were closed on Thanksgiving but opened to shoppers at 5 a.m. or 6 a.m. on Friday. In post-earnings calls this week, retailers from Kohl's (KSS.N) to Nordstrom (JWN.N) told investors they had invested in jackets, cashmere sweaters and Ugg boots to lure Christmas shoppers after an unseasonably warm October.

Persons: Shannon Stapleton, Jessica Ramirez, Jane Hali, Jeff Gennette, Mari Shor, Bergdorf Goodman, Nordstrom, Oscar de, ” Nordstrom, Pete Nordstrom, Katie Wyle, Katherine Masters, Mimosa Spencer, Helen Reid, James Davey, Josie Kao, Miral Fahmy, Frances Kerry Organizations: Black, REUTERS, Retailers, Associates, National Retail Federation, Insider Intelligence, Barclays, Macy's, The New York Police, Nordstrom, Walmart, Columbia Threadneedle Investments, Westfield, Thomson Locations: Westbury , New York, U.S, Europe, France, Italy, Spain, Amazon, Israel, New York City, Kohl's, Mall, Britain, Westfield, Paris, London

☆ The tug-of-war is on between deal-hungry shoppers and retailers wary of giving them throw-away prices on Black Friday
▼ + stars: | 2023-11-24 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +7 min

So are the start-of-the-season deals enticing enough for shoppers or are they holding out in a cat-and-mouse game with retailers? Michael Brown, retail industry leader and partner with management consulting firm Kearney, said the much earlier-than-usual jumpstart to holiday sales this year could be to blame. Shoppers will be holding out for better deals,” he said. Kena Betancur/Getty ImagesTotal holiday sales this year are expected to come in softer compared to last year. He said there were plenty of 25% off Black Friday deals mall-wide and some deeper 40% off promotions for early-bird shoppers.

Persons: New York CNN —, Michael Brown, Kearney, ”, Brown, Emily Elconin, Marshal Cohen, ” Cohen, Barbie, Willing, they’ve, Kena Betancur, Brian Schroeder, Kendra Scott, “, Aeropostale, Aritzia, Shannon Stapleton, Marc Rosen, Rosen, ” Rosen, Nathaniel Meyersohn Organizations: New, New York CNN, “, Shoppers, Black, National Retail Federation, Adobe Analytics, Disney Little, Marvel, Macy's, Brookfield Properties, Brookfield Asset Management, Nike, Apple, Simon Property Group, JCPenney Locations: New York, Oaks, Michigan, New York , New York, La Cantera, San Antonio , Texas, Brookfield, Roosevelt, Garden City , New York, Penney

☆ Bankrupt WeWork enters financing agreements with certain lenders
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +1 min

A WeWork logo is seen outside its offices in the Queens borough of New York City, U.S., November 7, 2023. WeWork, once the most valuable U.S. startup, struggled to achieve profitability as a rise in work-from-home trends following the pandemic soured demand for its shared office spaces. The financing could be as much as $682.5 million but it could also be smaller than that depending on other conditions, WeWork said, adding that the parties have agreed to provide the financing individually and not jointly. The company also said the financing agreement was dependent on fulfilling certain conditions, including the approval of the Bankruptcy Court. WeWork entered bankruptcy with about $164 million of cash on hand, according to court filings.

Persons: Shannon Stapleton, WeWork, Bhanvi, Devika Organizations: REUTERS, Goldman Sachs International Bank, JPMorgan Chase Bank, SoftBank, Thomson Locations: Queens, New York City, U.S, Bengaluru

☆ US demand for new credit down in 2023, New York Fed survey shows
▼ + stars: | 2023-11-20 | by ( Michael S. Derby | ) www.reuters.com time to read: +2 min

People walk by the Federal Reserve Bank of New York in the financial district of New York City, U.S., June 14, 2023. REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsNEW YORK, Nov 20 (Reuters) - Demand for new credit in the U.S. over the last year has declined and will likely stay soft in the future, according to a survey released on Monday by the New York Federal Reserve. But even as the overall application rate for new credit declined among those surveyed, interest in applying for more credit card debt rose. The survey said that reading had hit 29% as of October and was 26% for 2023, compared to a 27.2% credit card application rate in 2019. The report noted that expected decline in applications for credit extended to new credit cards, auto loans, mortgages and home refinancing.

Persons: Shannon Stapleton, Michael S, Paul Simao Organizations: Federal Reserve Bank of New, REUTERS, New York Federal Reserve, Fed, Consumer, New York Fed, Thomson Locations: Federal Reserve Bank of New York, New York City, U.S

☆ 'Dupes' clothing, perfume craze lures holiday shoppers as major brands fret
▼ + stars: | 2023-11-20 | by ( Katherine Masters | ) www.reuters.com time to read: +7 min

Hashtag searches for dupes of major brands - including Skims underwear and Deckers' (DECK.N) Ugg boots - have been viewed millions of times on TikTok. Graphic shows pictures of four original products and their original prices under named brands compared with the prices of their 'dupe' counterparts. Newer technologies like the Google Lens app allow people to take photos of items they like and find similar products for sale. In other cases, dupe sellers opt to replicate the look of higher-priced originals with cheaper materials to maximize profit. However, experts say dupe sellers have grown increasingly skilled at avoiding brand logos and other design features that could infringe existing patents or copyrights.

Persons: Lauren Maginness, Shannon Stapleton, Maginness, Estee, Tom Ford, Dupes, “, ”, Penny Pincher, Leslie Ghize, Doneger Tobe, Calvin McDonald, Ian Taplin, Juozas Kaziukenas, Kaziukenas, Maria Boschetti, Mike Scheschuk, Birkenstock, Katherine Masters, Dorothy Kam, Vanessa O'Connell, Rod Nickel, Matthew Lewis Organizations: REUTERS, Abercrombie, Fitch, Scout, Walmart, Department, Nordstrom, Circana Inc, COMMERCE, Wake Forest University, eBay, Google, HK, Amazon, New, Thomson Locations: New York City, U.S, Hong Kong, TikTok, Los Angeles, Zara, Italy, New York

☆ US appeals court ruling strikes at core of landmark voting rights law
▼ + stars: | 2023-11-20 | by ( Joseph Ax | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

The ruling, which will likely be appealed, could set up the next voting rights battle at the U.S. Supreme Court. The vast majority of Voting Rights Act cases are filed by private parties. For instance, the case that prompted the Supreme Court earlier this year to strike down Alabama's congressional map was originally filed by a coalition of civil rights groups. In a dissent, Chief Judge Lavenski Smith, also a Bush appointee, said he would have followed existing precedent unless Congress or the Supreme Court said otherwise. Sophia Lin Lakin, the director of the American Civil Liberties Union's voting rights project and a lawyer for the plaintiffs, in a statement called the ruling a "travesty for democracy."

Persons: Shannon Stapleton, District Judge Lee Rudofsky, Donald Trump, David Stras, Raymond Gruender, George W, Bush, Judge Lavenski Smith, Sophia Lin Lakin, Joseph Ax, David Gregorio, Mark Porter Organizations: REUTERS, Firms American Civil Liberties, ., U.S, Supreme, District, Appeals, Trump, Circuit, Republican, American Civil Liberties, Thomson Locations: Queens, New York City, U.S, Arkansas

☆ Trump vows to kill Asia trade deal being pursued by Biden if elected
▼ + stars: | 2023-11-19 | by ( Nathan Layne | ) www.reuters.com time to read: +2 min

Speaking to supporters in Iowa, Trump said he was against the regional trade deal being negotiated by the Biden administration with 13 other countries, arguing that it would hollow out U.S. manufacturing and trigger job losses. Trump, who withdrew from the Trans-Pacific Partnership (TPP) trade deal that had been forged with many of the same countries after taking office in January 2017, said he would "knock out" what he referred to as "TPP Two" immediately upon taking office. The Biden administration had hoped to finish key chapters of its IPEF trade initiative in time for this week's Asia-Pacific Economic Cooperation (APEC) meeting. It has vowed to continue negotiating the ambitious deal, but election-year pressures and resistance to tough commitments from some countries make a deal unlikely, trade experts and business groups say. Reporting by Nathan Layne in Fort Dodge, Iowa; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Donald Trump, Shannon Stapleton, Joe Biden, Trump, Biden, Nathan Layne, Chizu Organizations: U.S, Trump Organization, Court, REUTERS, Republican, Economic, Pacific, Economic Cooperation, Thomson Locations: New York, Manhattan, New York City, U.S, DODGE , Iowa, Pacific, Iowa, Vietnam, Indonesia, Fort Dodge, Des Moines, Asia, Fort Dodge , Iowa

REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsNEW YORK, Nov 17 (Reuters) - Rising U.S. government debt and fiscal deficits that have helped lift government bond yields this year will likely become secondary factors for investors, as their focus shifts to economic fundamentals, Citi analysts said. "Our baseline is that over time investors accept these fiscal risks as a fact of life and that ultimately it is not supply and demand that determine Treasury yields but it's more about the fundamentals of the economy," he said. Moody's, which last week lowered its outlook on U.S. credit, expects the government to continue to run wide fiscal deficits due to increased spending and higher debt interest payments. Some Fed officials have also said rising bond yields, which make access to credit more expensive, could be a substitute for increasing interest rates further. "There is going to be an extraction of higher yields from these investors," cautioned Mathai.

Persons: Shannon Stapleton, Fitch, Moody's, Nathan Sheets, Ray Dalio, Jabaz Mathai, Mathai, Davide Barbuscia, Ira Iosebashvili, Diane Craft Organizations: REUTERS, U.S, Citi, Office, Associates, CNBC, Treasury, Federal Reserve, Thomson Locations: New York City, U.S

The logo of Google LLC is seen at the Google Store Chelsea in New York City, U.S., January 20, 2023. In the trial that started on Sept. 12 and is expected to largely end Thursday, the Justice Department is seeking to prove that Google is a monopolist and illegally abused that monopoly power to favor its own bottom line. No decision on whether to hold closing arguments, the final phase of the trial, has been made. They may be held in the spring, according to courtroom discussions about future hearings. The final witness for the U.S., MIT economics professor Michael Whinston, argued as the hearing began that those contracts helped provide Google with market power in the search advertising market and that "Google has exercised significant market power by raising prices."

Persons: Shannon Stapleton, Alphabet's, Michael Whinston, Diane Bartz Organizations: Google, Chelsea, REUTERS, Rights, U.S, Justice Department, Verizon, Samsung, MIT, Thomson Locations: New York City, U.S

REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsCompanies PepsiCo Inc FollowNEW YORK, Nov 15 (Reuters) - New York state sued PepsiCo (PEP.O) on Wednesday, accusing the beverage and snack food giant of polluting the environment through its single-use plastic bottles, caps and wrappers. The lawsuit filed in state court in upstate Erie County is among the first by a U.S. state to target a major plastics producer. The lawsuit seeks to force PepsiCo to stop causing a nuisance, clean up contamination, and provide other relief. California in 2022 announced it was conducting an investigation into the fossil fuel and petrochemical industries' role in plastic pollution. Reporting by Jonathan Stempel in New York; Editing by Chizu Nomiyama and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Shannon Stapleton, Letitia James, PepsiCo, James, Jack, Doritos, Jonathan Stempel, Chizu Nomiyama, Jonathan Oatis Organizations: Pepsi, REUTERS, PepsiCo, Gatorade, Lay's, Thomson Locations: New York, U.S, Erie County, Buffalo, Purchase , New York, Fritos, Lipton, Tostitos . Connecticut, Minnesota, . California

REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsCompanies PepsiCo Inc FollowNEW YORK, Nov 15 (Reuters) - New York state sued PepsiCo (PEP.O) on Wednesday, accusing the beverage and snack food giant of polluting the environment and endangering public health through its single-use plastic bottles, caps and wrappers. The lawsuit filed in state court in upstate Erie County is among the first by a U.S. state to target a major plastics producer. "All New Yorkers have a basic right to clean water, yet PepsiCo's irresponsible packaging and marketing endanger Buffalo’s water supply, environment, and public health," she said in a statement. The New York lawsuit also said PepsiCo has deceived consumers by announcing various targets to reduce the amount of non-recycled plastic it uses in packaging, although it has actually increased its usage. The lawsuit seeks to force the Purchase, New York-based company to stop causing a nuisance, clean up contamination and pay for damages caused by plastic waste.

Persons: Shannon Stapleton, Letitia James, PepsiCo, James, Jack, Doritos, Judith Enck, Obama, Clark Mindock, Jonathan Stempel, Chizu Nomiyama, Jonathan Oatis, Alexia Garamfalvi Organizations: Pepsi, REUTERS, PepsiCo, The New, Gatorade, Lay's, Plastics, Environmental Protection Agency, Thomson Locations: New York, U.S, Erie County, Buffalo, The New York, , New York, Fritos, Lipton, Connecticut, Minnesota, . California

☆ US House: Court fights could tip control in 2024
▼ + stars: | 2023-11-14 | by ( Joseph Ax | ) www.reuters.com time to read: +8 min

The state's highest court, the Court of Appeals, will hear arguments this week over whether to order a new map for 2024, as Democrats have asked, or to maintain the current map, as Republicans have argued. The new map was made possible by the state Supreme Court, after two conservative judges won election in 2022. The court's previous Democratic majority had thrown out a Republican map as an illegal gerrymander. UTAH: DEMOCRATS COULD GAIN ONE SEATThe state Supreme Court is weighing whether a Republican-drawn map that divided Democratic-leaning Salt Lake County into four districts violated the state constitution. The Republican state party has appealed.

Persons: Shannon Stapleton, Ron DeSantis, Al Lawson, Steve Jones, Brian Kemp, Jim Cooper, Joseph Ax, Jason Lange, Scott Malone, Jonathan Oatis Organizations: REUTERS, U.S . House, Representatives, Census, Democrats, Democratic, House, SEAT, Republican, Black Democrat, District, Black, U.S, Supreme, NORTH CAROLINA, REPUBLICANS, SOUTH CAROLINA, South, voters, NEW, SEAT Republicans, SEAT Civil, U.S . Department of Justice, Thomson Locations: Queens, New York City, U.S, Alabama, New York, FLORIDA, Florida, Black, GEORGIA, LOUISIANA, ALABAMA, UTAH, Salt Lake County, NEW MEXICO, TENNESSEE, Nashville's, TEXAS

☆ Trump backs requests for TV coverage of his federal criminal trial
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Shannon Stapleton Acquire Licensing RightsWASHINGTON, Nov 11 (Reuters) - Former U.S. President Donald Trump has filed a legal motion backing media requests for live television coverage of his federal trial on charges he conspired to overturn the results of the 2020 presidential election. Trump is facing four criminal proceedings, including the federal court trial set for March in which he faces charges of attempting to defraud the federal government and obstructing Congress by knowingly spreading false claims of election fraud. In his latest filing by his lawyers, John Lauro and Todd Blanche, Trump endorsed requests by media organizations that U.S. District Court Judge Tanya Chutkan allow live television coverage of the trial. "Every person in America, and beyond, should have the opportunity to study this case firsthand and watch as, if there is a trial, President Trump exonerates himself of these baseless and politically motivated charges," said the filing. Smith earlier this month opposed the media requests, citing a decades-old federal court rule barring broadcasts of criminal proceedings.

Persons: Donald Trump, Shannon Stapleton, Trump, Joe Biden's, Biden, John Lauro, Todd Blanche, Tanya Chutkan, Trump exonerates, Jack Smith's, Smith, Jonathan Landay, Alistair Bell Organizations: U.S, Trump Organization, Court, REUTERS, Rights, Former U.S, Democratic, Capitol, Thomson Locations: New York, Manhattan, New York City, U.S, Former, America

Moody's is the last of the three major rating agencies to maintain a top rating for the U.S. government. Fitch changed its rating from triple-A to AA+ in August, joining S&P which has had an AA+ rating since 2011. “While the statement by Moody’s maintains the United States’ AAA rating, we disagree with the shift to a negative outlook. The sharp rise in Treasury yields "has increased pre-existing pressure on US debt affordability," Moody's said. “Moody’s just downgraded our credit rating outlook to negative because of our out-of-control government spending and deficits," hardline Republican Representative Andy Harris said on X, formerly known as Twitter.

Persons: Shannon Stapleton, Joe Biden's, Fitch, Moody's, Karine Jean, Pierre, Moody’s, Wally Adeyemo, Adeyemo, Biden, Quincy Krosby, Donald Trump, Mike Johnson, “ Moody’s, Andy Harris, ”, Richard Rohan Francis, Davide Barbuscia, Andrea Shalal, David Morgan, Caroline Valetkevitch, Ira Iosebashvili, Megan Davies, Shilpi Majumdar, Shounak Dasgupta, David Gregorio, Chris Reese Organizations: REUTERS, . House, U.S ., Aaa, White, Republican, States ’ AAA, Treasury, Reserve, LPL, New York Times, Republicans, Democratic, Thomson Locations: New York City, U.S, WASHINGTON, American, Siena, Nevada , Georgia, Arizona , Michigan, Pennsylvania, Trump, Wisconsin

☆ Moody's changes US ratings outlook to negative, affirms AAA
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +7 min

REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsNov 10 (Reuters) - Moody's on Friday changed the outlook on the government of United States of America's ratings to "negative" from "stable". Moody's affirmed the long-term issuer and senior unsecured ratings at "Aaa". COMMENTS:REPUBLICAN REPRESENTATIVE ANDY HARRIS, ON X SOCIAL MEDIA“Moody’s just downgraded our credit rating outlook to negative because of our out-of-control government spending and deficits. "I don't think that there is a significant consequence. WALLY ADEYEMO, DEPUTY SECRETARY OF THE TREASURY"While the statement by Moody’s maintains the United States’ Aaa rating, we disagree with the shift to a negative outlook.

Persons: Shannon Stapleton, Moody's, ANDY HARRIS, JOHN CORNYN, ” STEVEN RICCHIUTO, you've, ” THIERRY WIZMAN, MACQUARIE, “ Moody’s, ” MICHAEL GREEN, JACK ABLIN, CHICAGO “, it's, ”, ” QUINCY KROSBY, CAROL SCHLEIF, We've, CHRISTOPHER HODGE, KARINE JEAN, PIERRE, Moody’s, WALLY ADEYEMO, Biden Organizations: REUTERS, Aaa, Moody’s Investors Service, Capitol, FX, NEW, Republicans, Democrats, BMO, KARINE, Republican, Congressional Republicans, States ’ Aaa, Biden Administration, Global Finance, Markets, Thomson Locations: New York City, U.S, United States, MIZUHO, Japan, CHICAGO, CHARLOTTE, NORTH CAROLINA, MINNEAPOLIS , MN, American

☆ WeWork: the Tech Company That Wasn’t
▼ + stars: | 2023-11-10 | by ( ) www.wsj.com time to read: 1 min

A WeWork office in New York, Nov. 7. Photo: shannon stapleton/ReutersThe WeWork debacle (“How WeWork Rose and Went Broke,” Review & Outlook, Nov. 8) confirms that intelligence and control of investment capital aren’t necessarily connected. How anyone could mistake an office-space leasing company for a “tech company” is beyond me. WeWork put some bright lipstick on it and added foosball. The investors deserved to lose their shirts; greed and stupidity got the better of them.

Persons: shannon stapleton, Rose, WeWork, Casey F, Powell Locations: New York

The Idaho State Capitol building is seen in Boise, Idaho, U.S., October 29, 2021. REUTERS/Shannon Stapleton Acquire Licensing RightsNov 9 (Reuters) - A U.S. judge has blocked Idaho from enforcing a recently passed law making it a crime to help a minor cross state lines for an abortion without her parents' consent. U.S. Magistrate Judge Debora Grasham in Boise, Idaho, said the law against so-called abortion trafficking, signed by Republican Governor Brad Little in April, violated the rights to free speech and expression under the First Amendment of the U.S. Constitution. The judge also said the law "fails to provide fair notice or ascertainable standard of what is and what is not abortion trafficking." Lourdes Matsumoto, a lawyer and advocate who works with victims of sexual violence, and the Northwest Abortion Access Fund and Indigenous Idaho Alliance, which help people in Idaho access abortion, sued to block the law.

Persons: Shannon Stapleton, Judge Debora Grasham, Brad Little, Raul Labrador, Lourdes Matsumoto, Brendan Pierson, Daniel Wallis Organizations: Idaho State Capitol, REUTERS, Republican, U.S . Constitution, Fund, Indigenous Idaho Alliance, Thomson Locations: Idaho, Boise , Idaho, U.S, U.S ., Washington , Oregon, Montana, New York

☆ Ivanka Trump Testifies in New York Civil-Fraud Trial
▼ + stars: | 2023-11-09 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Ivanka Trump Testifies in New York Civil-Fraud TrialDonald Trump’s daughter Ivanka Trump testified Wednesday in the civil-fraud case filed by Democratic New York Attorney General Letitia James against the former president and his family business. Photo: Shannon Stapleton/Reuters

Persons: Ivanka Trump, Donald Trump’s, Letitia James, Shannon Stapleton Organizations: New York Civil, Democratic New York Locations: New York

Former U.S. President Donald Trump speaks on the day he attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., November 6, 2023. Engoron is unlikely to grant the request as he has already found that Trump and 10 of his businesses committed persistent fraud. However, Engoron's ruling covered only one of the seven fraud counts Trump faces. Trump, the frontrunner for the 2024 Republican presidential nomination, has testified along with his sons Donald Jr. and Eric Trump and daughter Ivanka Trump. The fraud trial is one of several legal battles Trump faces as he mounts a comeback bid for the White House.

Persons: Donald Trump, Shannon Stapleton, Donald Trump’s, Trump, Letitia James, Arthur Engoron, Donald Jr, Eric Trump, Ivanka Trump, James, Christopher Kise, There's, ” Kise, Engoron, they’re, Kise, Jack Queen, Luc Cohen, Jonathan Stempel, Andy Sullivan, Noeleen Waldeer, Lisa Shumaker, Alistair Bell Organizations: U.S, Trump Organization, Court, REUTERS, New, New York, Trump, White, Republican, Thomson Locations: New York, Manhattan, New York City, U.S, York

The entrance to JPMorgan Chase's international headquarters on Park Avenue is seen in New York October 2, 2012. It is the bank's third-biggest city in the European Union in terms of staff with 900 people, coming after Warsaw (1,200) and Dublin (more than 1,000). In the wake of Britain's exit from the European Union, JPMorgan bought a seven-storey building near its historic headquarters in the first arrondissement to house more employees. JPMorgan will commit $50 million of the $60 million investment and Bpifrance will provide 10 million euros ($10.66 million). The aim is to raise between 150 million euros to 200 million euros by the end of 2024, the U.S. lender said.

Persons: Shannon Stapleton, Bpifrance, Cartier, Louis Vuitton, JP Morgan, Jamie Dimon, Mathieu Rosemain, Anousha Sakoui, Louise Heavens Organizations: JPMorgan Chase's, REUTERS, Rights, JPMorgan, U.S, European Union, Gardens, Justice, Ritz Paris Hotel, Spark, JPMorgan Asset Management, Thomson Locations: New York, France, London, Paris, Europe, Warsaw, Dublin, U.S, Vendome, Spark France

☆ Ivanka Trump Testifies at Her Father’s Civil Fraud Trial
▼ + stars: | 2023-11-08 | by ( Jacob Gershman | ) www.wsj.com time to read: 1 min

Donald Trump’s daughter Ivanka Trump testified Wednesday in the civil-fraud case filed by New York Attorney General Letitia James against the former president and his family business. Photo: Shannon Stapleton/ReutersIvanka Trump said in sworn testimony Wednesday that she had a foggy recollection of her role in negotiating hundreds of millions of dollars in loans at the center of the New York fraud case against her father and his business empire. Former President Donald Trump’s daughter, who worked closely with her father at the Trump Organization and while he was in the White House, became the fourth Trump family member to testify in the civil trial in Manhattan, following her father and her siblings Donald Trump Jr. and Eric Trump .

Persons: Donald Trump’s, Ivanka Trump, Letitia James, Shannon Stapleton, Reuters Ivanka Trump, Trump, Donald Trump Jr, Eric Trump Organizations: New York, Reuters, Trump Organization Locations: York, Manhattan

☆ WeWork seeks permission to begin canceling leases in bankruptcy
▼ + stars: | 2023-11-08 | by ( Dietrich Knauth | ) www.reuters.com time to read: +2 min

A WeWork logo is seen outside its offices in the Queens borough of New York City, U.S., November 7, 2023. WeWork managed to renegotiate 590 leases before filing for bankruptcy, saving about $12.7 billion in future rent payments. WeWork said it is seeking to renegotiate terms on other leases with 400 landlords. U.S. bankruptcy laws gives debtors enormous leverage to walk away from leases, according to Ann Chandler, a real estate attorney. WeWork entered bankruptcy with approximately $164 million of cash on hand, according to court filings.

Persons: Shannon Stapleton, WeWork, Ann Chandler, Chandler, John Sherwood, Dietrich Knauth, Alexia Garamfalvi, Aurora Ellis Organizations: REUTERS, U.S, Thomson Locations: Queens, New York City, U.S, Newark , New Jersey

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