US judge blocks rule capping credit card late fees at $8
By Nate Raymond (Reuters) -A federal judge in Texas on Friday blocked the Consumer Financial Protection Bureau's new rule for an $8 cap on credit card late fees, a victory for business and banking groups that said the regulator exceeded its authority. ...
May 10, 2024
Court rejects Republican states' challenge to SEC's ESG proxy vote rule
By Clark Mindock (Reuters) - A federal appeals court on Friday dismissed a lawsuit by four Republican-led states that sought to block a U.S. Securities and Exchange Commission rule requiring investment funds to categorize and disclose their proxy v...
May 10, 2024
US discussed 'overcapacity' in Chinese solar manufacturing, coal in climate talks
By Valerie Volcovici WASHINGTON (Reuters) - The United States and China discussed Chinese overcapacity in solar and battery manufacturing, steel production and coal power during two days of bilateral meetings on climate change, senior State Departm...
May 10, 2024
Senator Warren chides US Treasury for slow progress in tackling racial discrimination
By Andrea Shalal WASHINGTON (Reuters) - U.S. Senator Elizabeth Warren this week called on the Treasury Department to more swiftly address racial discrimination in the U.S. tax and banking systems by advancing reforms proposed by an advisory board s...
May 10, 2024
US, China to discuss methane at COP29 summit, says State Dept
WASHINGTON (Reuters) - The U.S.-China Climate Working Group intends to discuss methane and non-carbon dioxide greenhouse gasses at the upcoming United Nations COP29 climate summit, the U.S. Department of State said on Friday following the group's t...
May 10, 2024
US CFTC seeks to ban derivatives bets on elections, calamities
By Laura Matthews NEW YORK (Reuters) - The U.S. Commodity Futures Trading Commission (CFTC) on Friday was poised to propose a ban on listed derivatives used to bet on U.S. elections and other major real world events, its chair said. The agency is s...
May 10, 2024
At least 50 dead in flooding in northern Afghanistan, interior ministry says
(Reuters) -At least 50 people have died in Afghanistan in flooding following heavy rain in the northern province of Baghlan on Friday, a spokesman for the Ministry of the Interior said, adding that the death toll may rise. Ministry spokesman Abdul Mate...
May 10, 2024
Investor and philanthropist Jim Simons dies at age 86
(Reuters) - Investor and philanthropist Jim Simons has died at the age of 86 in New York City, the Simons Foundation said in a statement on Friday. (Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Shailesh Kuber)
May 10, 2024
Dozens arrested at Penn, MIT in latest crackdowns on Gaza protests
(Reuters) - Police dismantled encampments and arrested dozens of pro-Palestinian protesters at the Massachusetts Institute of Technology and the University of Pennsylvania on Friday morning, in the latest crackdowns on protests roiling U.S. campuse...
May 10, 2024
US to provide nearly $200 million to contain bird flu spread on dairy farms
By Leah Douglas WASHINGTON (Reuters) - The Biden administration said on Friday it will provide nearly $200 million to fight the spread of avian flu among dairy cows, in the government's latest bid to contain outbreaks that have fueled concerns abou...
May 10, 2024