The euro retreated against the dollar Thursday as economic data pointed to increased prospects of recession in Europe, while Wall Street stocks finished higher following another volatile session.. The prospect of a retreat in the global economy continued to drag on oil prices as traders fretted over slowing demand.
Biden administration officials and oil industry executives huddled in Washington on Thursday to discuss potential steps to address runaway gasoline prices, and while both sides called the talks constructive, no concrete plans for relief emerged.. Similarly, the American Petroleum Institute and American Fuel & Petrochemical Manufacturers called the meeting a "constructive discussion about ways to address rising energy costs and create more certainty for global energy markets."
The largest banks operating in the US market have sufficient resources to withstand a severe economic downturn and continue providing financing to American families and firms, the Federal Reserve said Thursday.. The results "showed that banks continue to have strong capital levels, allowing them to continue lending to households and businesses during a severe recession," the Fed said.
An Italy-based firm's hacking tools were used to spy on Apple and Android smartphones in Italy and Kazakhstan, Google said Thursday, casting a light on a "flourishing" spyware industry.. Lookout researchers said that in April they found Hermit being used by the government of Kazakhstan inside its borders to spy on smartphones, just months after anti-government protests in that country were suppressed.
The US Food and Drug Administration on Thursday said it was ordering all products produced by Juul Labs off the market after finding the vaping giant had failed to address certain safety concerns.. Juul said in a statement that it "respectfully" disagrees with the FDA's findings and that its products met the statutory standard of being "appropriate for the protection of the public health."
Federal Reserve Chair Jerome Powell on Thursday downplayed the idea that government pandemic aid was the key factor fueling US inflation, instead blaming a confluence of global issues including the war in Ukraine.. But Powell, who was testifying Thursday before a House committee, and others have noted that inflation is a global issue.
A short walk from the spot where British journalist Dom Phillips and Brazilian Indigenous expert Bruno Pereira set out for their final journey, people sit in the blistering sun breaking rocks into pieces with hammers.. What happened to Bruno and Dom is related to that," he wrote, alongside a video of the Atalaia rock-breakers.
Turkey's central bank on Thursday bucked global trends once again and kept its benchmark interest rate stable despite one of the highest levels of consumer price increases in the world.. Turkey's official annual rate of consumer price increases has edged above 70 percent and is on course to keep breaking records last set in the late 1990s.
It was 1776, the American colonies had just declared their independence from England, and as war raged the founding fathers were deep in debate: should Americans have the right to own firearms as individuals, or just as members of local militia?. As a landmark Supreme Court decision expanded gun rights Thursday, just weeks after a mass killing of 19 children in their Texas school, the debate rages on and outsiders wonder why Americans are so wedded to the firearms used in such massacres with appalling frequency.
The US Food and Drug Administration on Thursday said it was ordering all vaping products produced by Juul Labs off the market after finding the former industry leader had failed to address certain safety concerns.. On Tuesday, President Joe Biden's administration announced it would develop a new policy requiring cigarette producers to reduce nicotine to non-addictive levels.
